JUKO: 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.
JUKO
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+528.4%), from €205,329 to €1.3m
of which Other amounts receivable: +€1.1m
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash -€249,132
down €249,132 (-57.9%), from €430,021 to €180,889
mainly Receivables within one year (-€1.1m) and Advances received (-€30,100)
- Tangible fixed assets -€198,352
down €198,352 (-7.3%), from €2.7m to €2.5m
of which Land and buildings: -€198,352
- Reserves +€174,234
up €174,234 (+16.5%), from €1.1m to €1.2m
of which Distributable reserves: +€174,234
- Gross operating margin -€45,198
down €45,198 (-8.6%), from €524,725 to €479,527
- Taxes -€9,197
down €9,197 (-13.7%), from €67,275 to €58,078
- Financial income +€5,267
up €5,267 (+63.7%), from €8,271 to €13,539
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 | €3,874,810 | €4,014,233 | +€139,423 | +3.6% |
| Fixed assets | 21/28 | €2,722,583 | €2,524,231 | -€198,352 | -7.3% |
| Tangible fixed assets | 22/27 | €2,722,537 | €2,524,185 | -€198,352 | -7.3% |
| Land and buildings | 22 | €2,719,537 | €2,521,185 | -€198,352 | -7.3% |
| Other tangible fixed assets | 26 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €46 | €46 | = | 0.0% |
| Current assets | 29/58 | €1,152,227 | €1,490,002 | +€337,775 | +29.3% |
| Amounts receivable within one year | 40/41 | €205,329 | €1,290,376 | +€1.1m | +528.4% |
| Trade receivables | 40 | €182,934 | €166,846 | -€16,088 | -8.8% |
| Other amounts receivable | 41 | €22,395 | €1,123,530 | +€1.1m | +4916.8% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €430,021 | €180,889 | -€249,132 | -57.9% |
| Deferred charges and accrued income | 490/1 | €16,878 | €18,738 | +€1,860 | +11.0% |
| Total equity and liabilities | 10/49 | €3,874,810 | €4,014,233 | +€139,423 | +3.6% |
| Equity | 10/15 | €3,623,185 | €3,797,419 | +€174,234 | +4.8% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €1,056,353 | €1,230,587 | +€174,234 | +16.5% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Distributable reserves | 133 | €806,353 | €980,587 | +€174,234 | +21.6% |
| Profit (loss) carried forward | 14 | €66,832 | €66,832 | = | 0.0% |
| Amounts payable | 17/49 | €251,624 | €216,814 | -€34,810 | -13.8% |
| Amounts payable after more than one year | 17 | €914 | - | -€914 | |
| Other amounts payable | 178/9 | €914 | - | -€914 | |
| Amounts payable within one year | 42/48 | €250,688 | €216,814 | -€33,874 | -13.5% |
| Trade debts | 44 | €22,019 | €20,403 | -€1,616 | -7.3% |
| Suppliers | 440/4 | €22,019 | €20,403 | -€1,616 | -7.3% |
| Advances received on contracts in progress | 46 | €220,166 | €190,066 | -€30,100 | -13.7% |
| Taxes, remuneration and social security | 45 | €8,503 | €6,345 | -€2,158 | -25.4% |
| Taxes | 450/3 | €8,503 | €6,345 | -€2,158 | -25.4% |
| Accrued charges and deferred income | 492/3 | €22 | - | -€22 | |
| Non-recurring operating income | 76A | €8,509 | - | -€8,509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,233 | €198,352 | -€881 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,285 | +€1,285 | |
| Other operating charges | 640/8 | €64,886 | €60,706 | -€4,180 | -6.4% |
| Gross operating margin | 9900 | €524,725 | €479,527 | -€45,198 | -8.6% |
| Operating profit (loss) | 9901 | €260,605 | €219,184 | -€41,422 | -15.9% |
| Financial income | 75/76B | €8,271 | €13,539 | +€5,267 | +63.7% |
| Recurring financial income | 75 | €8,271 | €13,539 | +€5,267 | +63.7% |
| Financial charges | 65/66B | €452 | €411 | -€42 | -9.2% |
| Recurring financial charges | 65 | €452 | €411 | -€42 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €268,424 | €232,312 | -€36,112 | -13.5% |
| Income taxes | 67/77 | €67,275 | €58,078 | -€9,197 | -13.7% |
| Profit (loss) for the period | 9904 | €201,149 | €174,234 | -€26,916 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €201,149 | €174,234 | -€26,916 | -13.4% |
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 10 October 2026 via checked.be.