JUGA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
JUGA
NACE 29.201, Manufacture of motor vehicles, trailers and semi-trailers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€16,521
2024 · €8,572-€25,093
Equity
€357,346
2024 · €373,867-€16,521
Cash
€24,167
2024 · €17,457+€6,709
Balance sheet total
€1.2m
2024 · €1.4m-€140,680
Largest movements
Assets
- Stocks and contracts -€103,968
down €103,968 (-18.3%), from €569,065 to €465,097
- Tangible fixed assets -€26,171
down €26,171 (-3.8%), from €694,277 to €668,106
of which Land and buildings: -€25,420
- Receivables within one year -€19,993
down €19,993 (-25.1%), from €79,536 to €59,543
of which Other amounts receivable: -€15,323
Equity and liabilities
- Debts after one year -€66,691
down €66,691 (-12.5%), from €534,274 to €467,582
- Trade debts -€66,635
down €66,635 (-61.2%), from €108,842 to €42,207
- Short-term financial debts +€22,035
up €22,035 (+14.7%), from €150,000 to €172,035
Income statement
- Staff costs +€88,557
up €88,557 (+32.9%), from €268,815 to €357,372
- Gross operating margin +€72,333
up €72,333 (+21.2%), from €340,445 to €412,778
- Financial charges +€8,213
up €8,213 (+32.0%), from €25,632 to €33,845
- Taxes -€8,171
down €8,171 (-99.2%), from €8,238 to €67
- Financial income -€6,252
down €6,252 (-96.7%), from €6,466 to €213
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€8,572
Gross operating margin
+€72,333
Staff costs
-€88,557
Depreciation
-€2,244
Other operating charges
-€587
Other operating items
+€256
Financial income
-€6,252
Financial charges
-€8,213
Taxes
+€8,171
Result 2025
-€16,521
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€65,517
Investment
-€9,022
Financing
-€49,785
Cash 2024
€17,457
From operations (derived)
+€65,517
Net result for the year
-€16,521
Depreciation
+€35,835
Stocks and contracts
+€103,968
Receivables within one year
+€19,993
Deferred charges and accrued income
-€3,384
Provisions
-€1,908
Trade debts
-€66,635
Tax, wage and social debts
-€8,733
Advances received
+€2,902
Investment (derived)
-€9,022
Investment in fixed assets (net)
-€9,014
Current investments
-€8
Financing
-€49,785
Debts after one year
-€66,691
Current portion of long-term debt
-€5,129
Short-term financial debts
+€22,035
Cash 2025
€24,167
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,369,042 | €1,228,362 | -€140,680 | -10.3% |
| Fixed assets | 21/28 | €696,105 | €669,284 | -€26,821 | -3.9% |
| Intangible fixed assets | 21 | €1,629 | €979 | -€650 | -39.9% |
| Tangible fixed assets | 22/27 | €694,277 | €668,106 | -€26,171 | -3.8% |
| Land and buildings | 22 | €681,142 | €655,722 | -€25,420 | -3.7% |
| Plant, machinery and equipment | 23 | €5,866 | €2,643 | -€3,223 | -54.9% |
| Furniture and vehicles | 24 | €7,268 | €9,741 | +€2,472 | +34.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €672,937 | €559,078 | -€113,859 | -16.9% |
| Stocks and contracts in progress | 3 | €569,065 | €465,097 | -€103,968 | -18.3% |
| Stocks | 30/36 | €569,065 | €465,097 | -€103,968 | -18.3% |
| Amounts receivable within one year | 40/41 | €79,536 | €59,543 | -€19,993 | -25.1% |
| Trade receivables | 40 | €24,536 | €19,866 | -€4,670 | -19.0% |
| Other amounts receivable | 41 | €55,000 | €39,677 | -€15,323 | -27.9% |
| Current investments | 50/53 | €2,021 | €2,029 | +€8 | +0.4% |
| Cash at bank and in hand | 54/58 | €17,457 | €24,167 | +€6,709 | +38.4% |
| Deferred charges and accrued income | 490/1 | €4,857 | €8,242 | +€3,384 | +69.7% |
| Total equity and liabilities | 10/49 | €1,369,042 | €1,228,362 | -€140,680 | -10.3% |
| Equity | 10/15 | €373,867 | €357,346 | -€16,521 | -4.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €185,905 | €182,199 | -€3,706 | -2.0% |
| Tax-exempt reserves | 132 | €20,186 | €16,480 | -€3,706 | -18.4% |
| Distributable reserves | 133 | €165,719 | €165,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,502 | €154,687 | -€12,815 | -7.7% |
| Provisions and deferred taxes | 16 | €10,394 | €8,486 | -€1,908 | -18.4% |
| Deferred taxes | 168 | €10,394 | €8,486 | -€1,908 | -18.4% |
| Amounts payable | 17/49 | €984,781 | €862,530 | -€122,251 | -12.4% |
| Amounts payable after more than one year | 17 | €534,274 | €467,582 | -€66,691 | -12.5% |
| Financial debts | 170/4 | €534,274 | €467,582 | -€66,691 | -12.5% |
| Amounts payable within one year | 42/48 | €450,507 | €394,948 | -€55,559 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €71,820 | €66,691 | -€5,129 | -7.1% |
| Financial debts | 43 | €150,000 | €172,035 | +€22,035 | +14.7% |
| Credit institutions | 430/8 | €150,000 | €172,035 | +€22,035 | +14.7% |
| Trade debts | 44 | €108,842 | €42,207 | -€66,635 | -61.2% |
| Suppliers | 440/4 | €108,842 | €42,207 | -€66,635 | -61.2% |
| Advances received on contracts in progress | 46 | €45,419 | €48,321 | +€2,902 | +6.4% |
| Taxes, remuneration and social security | 45 | €74,427 | €65,694 | -€8,733 | -11.7% |
| Taxes | 450/3 | €37,350 | €15,868 | -€21,482 | -57.5% |
| Remuneration and social security | 454/9 | €37,076 | €49,826 | +€12,749 | +34.4% |
| Remuneration, social security and pensions | 62 | €268,815 | €357,372 | +€88,557 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,591 | €35,835 | +€2,244 | +6.7% |
| Other operating charges | 640/8 | €3,715 | €4,302 | +€587 | +15.8% |
| Non-recurring operating charges | 66A | €256 | - | -€256 | |
| Gross operating margin | 9900 | €340,445 | €412,778 | +€72,333 | +21.2% |
| Operating profit (loss) | 9901 | €34,068 | €15,270 | -€18,798 | -55.2% |
| Financial income | 75/76B | €6,466 | €213 | -€6,252 | -96.7% |
| Recurring financial income | 75 | €6,466 | €213 | -€6,252 | -96.7% |
| Financial charges | 65/66B | €25,632 | €33,845 | +€8,213 | +32.0% |
| Recurring financial charges | 65 | €25,632 | €33,845 | +€8,213 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €14,902 | -€18,362 | -€33,263 | |
| Transfer from deferred taxes | 780 | €1,908 | €1,908 | = | 0.0% |
| Income taxes | 67/77 | €8,238 | €67 | -€8,171 | -99.2% |
| Profit (loss) for the period | 9904 | €8,572 | -€16,521 | -€25,093 | |
| Transfer from tax-exempt reserves | 789 | €3,706 | €3,706 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,278 | -€12,815 | -€25,093 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.