JUGAAD: 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.
JUGAAD
Largest movements
- Receivables within one year -€16,148
down €16,148 (-78.2%), from €20,654 to €4,506
- Tangible fixed assets -€9,682
down €9,682 (-74.1%), from €13,066 to €3,385
of which Plant, machinery and equipment: -€6,753
- Cash +€3,297
up €3,297 (+47.1%), from €6,994 to €10,291
mainly Receivables within one year (+€16,148) and Depreciation (+€13,185)
- Deferred charges and accrued income +€1,385
up €1,385 (+13,966%), from €10 to €1,395
- Trade debts -€7,493
down €7,493 (-38.5%), from €19,445 to €11,952
- Other debts -€5,598
down €5,598 (-25.6%), from €21,894 to €16,296
- Tax, wage and social debts -€3,912
down €3,912 (-49.2%), from €7,954 to €4,042
of which Remuneration and social security: -€3,291
- Current portion of long-term debt -€2,601
no longer reported in 2025 (was €2,601)
- Profit (loss) carried forward -€1,529
down €1,529 (-11.5%), from -€13,340 to -€14,869
- Gross operating margin +€32,137
up €32,137, from -€11,887 to €20,249
- Depreciation -€15,082
down €15,082 (-53.4%), from €28,267 to €13,185
- Staff costs +€5,136
up €5,136 (+530%), from €969 to €6,105
- Other operating charges +€426
up €426 (+50.4%), from €845 to €1,272
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,554 | €23,691 | -€20,863 | -46.8% |
| Fixed assets | 21/28 | €16,896 | €7,498 | -€9,398 | -55.6% |
| Tangible fixed assets | 22/27 | €13,066 | €3,385 | -€9,682 | -74.1% |
| Plant, machinery and equipment | 23 | €10,019 | €3,267 | -€6,753 | -67.4% |
| Furniture and vehicles | 24 | €3,047 | €118 | -€2,929 | -96.1% |
| Financial fixed assets | 28 | €3,830 | €4,114 | +€284 | +7.4% |
| Current assets | 29/58 | €27,658 | €16,192 | -€11,465 | -41.5% |
| Amounts receivable within one year | 40/41 | €20,654 | €4,506 | -€16,148 | -78.2% |
| Trade receivables | 40 | €20,654 | €4,506 | -€16,148 | -78.2% |
| Cash at bank and in hand | 54/58 | €6,994 | €10,291 | +€3,297 | +47.1% |
| Deferred charges and accrued income | 490/1 | €10 | €1,395 | +€1,385 | +13,966% |
| Total equity and liabilities | 10/49 | €44,554 | €23,691 | -€20,863 | -46.8% |
| Equity | 10/15 | -€7,340 | -€8,869 | -€1,529 | -20.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,340 | -€14,869 | -€1,529 | -11.5% |
| Amounts payable | 17/49 | €51,894 | €32,560 | -€19,334 | -37.3% |
| Amounts payable within one year | 42/48 | €51,894 | €32,290 | -€19,604 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €2,601 | - | -€2,601 | |
| Trade debts | 44 | €19,445 | €11,952 | -€7,493 | -38.5% |
| Suppliers | 440/4 | €19,445 | €11,952 | -€7,493 | -38.5% |
| Taxes, remuneration and social security | 45 | €7,954 | €4,042 | -€3,912 | -49.2% |
| Taxes | 450/3 | €3,574 | €2,953 | -€621 | -17.4% |
| Remuneration and social security | 454/9 | €4,380 | €1,089 | -€3,291 | -75.1% |
| Other amounts payable | 47/48 | €21,894 | €16,296 | -€5,598 | -25.6% |
| Accrued charges and deferred income | 492/3 | - | €270 | +€270 | |
| Remuneration, social security and pensions | 62 | €969 | €6,105 | +€5,136 | +530% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,267 | €13,185 | -€15,082 | -53.4% |
| Other operating charges | 640/8 | €845 | €1,272 | +€426 | +50.4% |
| Non-recurring operating charges | 66A | €864 | - | -€864 | |
| Gross operating margin | 9900 | -€11,887 | €20,249 | +€32,137 | |
| Operating profit (loss) | 9901 | -€42,833 | -€312 | +€42,520 | +99.3% |
| Financial income | 75/76B | €39 | €7 | -€32 | -82.4% |
| Recurring financial income | 75 | €39 | €7 | -€32 | -82.4% |
| Financial charges | 65/66B | €1,287 | €1,224 | -€64 | -4.9% |
| Recurring financial charges | 65 | €1,287 | €1,224 | -€64 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€44,081 | -€1,529 | +€42,552 | +96.5% |
| Profit (loss) for the period | 9904 | -€44,081 | -€1,529 | +€42,552 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,081 | -€1,529 | +€42,552 | +96.5% |
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 16 October 2026 via checked.be.