JUHA: what changed
Two fiscal 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.
JUHA
Largest movements
- Stocks and contracts -€202,545
down €202,545 (-100.0%), from €202,545 to €0
- Receivables within one year -€117,223
down €117,223 (-81.1%), from €144,550 to €27,326
of which Other amounts receivable: -€117,374
- Tangible fixed assets -€107,036
down €107,036 (-4.3%), from €2.5m to €2.4m
of which Land and buildings: -€106,601
- Debts after one year -€302,038
down €302,038 (-17.9%), from €1.7m to €1.4m
of which Other amounts payable: -€180,000
- Short-term financial debts -€188,740
down €188,740 (-62.8%), from €300,474 to €111,734
- Other debts +€34,364
up €34,364 (+101.7%), from €33,788 to €68,152
- Reserves +€32,276
up €32,276 (+5.3%), from €610,951 to €643,227
of which Distributable reserves: +€32,276
- Gross operating margin -€112,959
down €112,959 (-33.0%), from €342,544 to €229,585
- Taxes -€28,504
down €28,504 (-67.3%), from €42,384 to €13,880
- Financial income +€6,273
up €6,273 (+8910.2%), from €70 to €6,343
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,862,008 | €2,413,104 | -€448,904 | -15.7% |
| Fixed assets | 21/28 | €2,462,196 | €2,355,161 | -€107,036 | -4.3% |
| Tangible fixed assets | 22/27 | €2,462,196 | €2,355,161 | -€107,036 | -4.3% |
| Land and buildings | 22 | €2,460,194 | €2,353,592 | -€106,601 | -4.3% |
| Plant, machinery and equipment | 23 | €2,003 | €1,568 | -€434 | -21.7% |
| Current assets | 29/58 | €399,811 | €57,943 | -€341,868 | -85.5% |
| Stocks and contracts in progress | 3 | €202,545 | €0 | -€202,545 | -100.0% |
| Stocks | 30/36 | €202,545 | €0 | -€202,545 | -100.0% |
| Amounts receivable within one year | 40/41 | €144,550 | €27,326 | -€117,223 | -81.1% |
| Trade receivables | 40 | €0 | €150 | +€150 | |
| Other amounts receivable | 41 | €144,550 | €27,176 | -€117,374 | -81.2% |
| Cash at bank and in hand | 54/58 | €41,184 | €20,144 | -€21,040 | -51.1% |
| Deferred charges and accrued income | 490/1 | €11,532 | €10,473 | -€1,059 | -9.2% |
| Total equity and liabilities | 10/49 | €2,862,008 | €2,413,104 | -€448,904 | -15.7% |
| Equity | 10/15 | €657,923 | €690,200 | +€32,276 | +4.9% |
| Contributions | 10/11 | €46,972 | €46,972 | = | 0.0% |
| Reserves | 13 | €610,951 | €643,227 | +€32,276 | +5.3% |
| Non-distributable reserves | 130/1 | €2,735 | €2,735 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,735 | €2,735 | = | 0.0% |
| Distributable reserves | 133 | €608,216 | €640,493 | +€32,276 | +5.3% |
| Amounts payable | 17/49 | €2,204,084 | €1,722,904 | -€481,180 | -21.8% |
| Amounts payable after more than one year | 17 | €1,685,163 | €1,383,125 | -€302,038 | -17.9% |
| Financial debts | 170/4 | €1,420,163 | €1,298,125 | -€122,038 | -8.6% |
| Other amounts payable | 178/9 | €265,000 | €85,000 | -€180,000 | -67.9% |
| Amounts payable within one year | 42/48 | €516,554 | €336,034 | -€180,520 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €136,781 | €123,791 | -€12,990 | -9.5% |
| Financial debts | 43 | €300,474 | €111,734 | -€188,740 | -62.8% |
| Credit institutions | 430/8 | €300,474 | €111,734 | -€188,740 | -62.8% |
| Trade debts | 44 | €9,572 | €10,680 | +€1,108 | +11.6% |
| Suppliers | 440/4 | €9,572 | €10,680 | +€1,108 | +11.6% |
| Taxes, remuneration and social security | 45 | €35,940 | €21,678 | -€14,262 | -39.7% |
| Taxes | 450/3 | €35,940 | €21,678 | -€14,262 | -39.7% |
| Other amounts payable | 47/48 | €33,788 | €68,152 | +€34,364 | +101.7% |
| Accrued charges and deferred income | 492/3 | €2,367 | €3,745 | +€1,378 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,074 | €116,166 | -€2,908 | -2.4% |
| Other operating charges | 640/8 | €11,709 | €12,017 | +€308 | +2.6% |
| Non-recurring operating charges | 66A | €8,337 | €0 | -€8,337 | -100.0% |
| Gross operating margin | 9900 | €342,544 | €229,585 | -€112,959 | -33.0% |
| Operating profit (loss) | 9901 | €203,423 | €101,402 | -€102,022 | -50.2% |
| Financial income | 75/76B | €70 | €6,343 | +€6,273 | +8910.2% |
| Recurring financial income | 75 | €70 | €6,343 | +€6,273 | +8910.2% |
| Financial charges | 65/66B | €59,060 | €61,589 | +€2,529 | +4.3% |
| Recurring financial charges | 65 | €59,060 | €61,589 | +€2,529 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €144,433 | €46,156 | -€98,277 | -68.0% |
| Income taxes | 67/77 | €42,384 | €13,880 | -€28,504 | -67.3% |
| Profit (loss) for the period | 9904 | €102,050 | €32,276 | -€69,773 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,050 | €32,276 | -€69,773 | -68.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.