Jumalo: 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.
Jumalo
Largest movements
- Tangible fixed assets +€260,077
up €260,077 (+35.9%), from €724,470 to €984,547
of which Land and buildings: +€245,492
- Receivables within one year -€108,464
down €108,464 (-70.3%), from €154,205 to €45,742
of which Trade receivables: -€118,258
- Reserves +€191,789
up €191,789 (+45.4%), from €422,308 to €614,098
of which Tax-exempt reserves: +€110,196
- Other debts +€43,537
up €43,537 (+79.7%), from €54,637 to €98,174
- Tax, wage and social debts -€40,416
down €40,416 (-60.4%), from €66,923 to €26,507
of which Taxes: -€42,991
- Debts after one year -€38,799
down €38,799 (-21.6%), from €179,941 to €141,142
of which Financial debts: -€38,799
- Provisions +€36,732
up €36,732 (+35.0%), from €104,959 to €141,691
of which Deferred taxes: +€36,732
- Gross operating margin +€221,215
up €221,215 (+94.2%), from €234,825 to €456,040
- Depreciation +€58,444
up €58,444 (+102%), from €57,261 to €115,705
- Staff costs -€24,369
down €24,369 (-71.4%), from €34,109 to €9,740
- Other operating charges +€6,954
up €6,954 (+96.8%), from €7,184 to €14,139
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,071,352 | €1,218,818 | +€147,467 | +13.8% |
| Fixed assets | 21/28 | €903,888 | €1,163,965 | +€260,077 | +28.8% |
| Tangible fixed assets | 22/27 | €724,470 | €984,547 | +€260,077 | +35.9% |
| Land and buildings | 22 | €703,237 | €948,729 | +€245,492 | +34.9% |
| Plant, machinery and equipment | 23 | €79 | €443 | +€364 | +462% |
| Furniture and vehicles | 24 | €20,858 | €35,305 | +€14,447 | +69.3% |
| Other tangible fixed assets | 26 | €297 | €71 | -€226 | -76.1% |
| Financial fixed assets | 28 | €179,418 | €179,418 | = | 0.0% |
| Current assets | 29/58 | €167,464 | €54,853 | -€112,611 | -67.2% |
| Amounts receivable within one year | 40/41 | €154,205 | €45,742 | -€108,464 | -70.3% |
| Trade receivables | 40 | €151,445 | €33,187 | -€118,258 | -78.1% |
| Other amounts receivable | 41 | €2,761 | €12,555 | +€9,794 | +355% |
| Cash at bank and in hand | 54/58 | €8,624 | €5,631 | -€2,994 | -34.7% |
| Deferred charges and accrued income | 490/1 | €4,634 | €3,481 | -€1,154 | -24.9% |
| Total equity and liabilities | 10/49 | €1,071,352 | €1,218,818 | +€147,467 | +13.8% |
| Equity | 10/15 | €601,789 | €755,540 | +€153,752 | +25.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €130,327 | €94,007 | -€36,320 | -27.9% |
| Reserves | 13 | €422,308 | €614,098 | +€191,789 | +45.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,000 | €115,196 | +€110,196 | +2,204% |
| Distributable reserves | 133 | €417,308 | €498,901 | +€81,593 | +19.6% |
| Profit (loss) carried forward | 14 | €30,561 | €28,843 | -€1,718 | -5.6% |
| Provisions and deferred taxes | 16 | €104,959 | €141,691 | +€36,732 | +35.0% |
| Provisions for liabilities and charges | 160/5 | €104,959 | €104,959 | = | 0.0% |
| Pensions and similar obligations | 160 | €104,959 | €104,959 | = | 0.0% |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Deferred taxes | 168 | - | €36,732 | +€36,732 | |
| Amounts payable | 17/49 | €364,603 | €321,587 | -€43,017 | -11.8% |
| Amounts payable after more than one year | 17 | €179,941 | €141,142 | -€38,799 | -21.6% |
| Financial debts | 170/4 | €179,441 | €140,642 | -€38,799 | -21.6% |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €182,833 | €174,013 | -€8,820 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €35,235 | €42,090 | +€6,855 | +19.5% |
| Financial debts | 43 | €0 | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | €0 | €5,000 | +€5,000 | |
| Trade debts | 44 | €26,038 | €2,241 | -€23,797 | -91.4% |
| Suppliers | 440/4 | €26,038 | €2,241 | -€23,797 | -91.4% |
| Taxes, remuneration and social security | 45 | €66,923 | €26,507 | -€40,416 | -60.4% |
| Taxes | 450/3 | €66,923 | €23,932 | -€42,991 | -64.2% |
| Remuneration and social security | 454/9 | €0 | €2,575 | +€2,575 | |
| Other amounts payable | 47/48 | €54,637 | €98,174 | +€43,537 | +79.7% |
| Accrued charges and deferred income | 492/3 | €1,829 | €6,432 | +€4,603 | +252% |
| Non-recurring operating income | 76A | - | €312,037 | +€312,037 | |
| Remuneration, social security and pensions | 62 | €34,109 | €9,740 | -€24,369 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,261 | €115,705 | +€58,444 | +102% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,900 | €0 | +€1,900 | |
| Other operating charges | 640/8 | €7,184 | €14,139 | +€6,954 | +96.8% |
| Gross operating margin | 9900 | €234,825 | €456,040 | +€221,215 | +94.2% |
| Operating profit (loss) | 9901 | €138,171 | €316,456 | +€178,286 | +129% |
| Financial income | 75/76B | €2,275 | €162 | -€2,113 | -92.9% |
| Recurring financial income | 75 | €2,275 | €162 | -€2,113 | -92.9% |
| Financial charges | 65/66B | €7,587 | €11,875 | +€4,288 | +56.5% |
| Recurring financial charges | 65 | €7,587 | €11,875 | +€4,288 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €132,859 | €304,744 | +€171,885 | +129% |
| Transfer from deferred taxes | 780 | - | €434 | +€434 | |
| Transfer to deferred taxes | 680 | - | €37,166 | +€37,166 | |
| Income taxes | 67/77 | €47,251 | €50,619 | +€3,367 | +7.1% |
| Profit (loss) for the period | 9904 | €85,608 | €217,393 | +€131,785 | +154% |
| Transfer from tax-exempt reserves | 789 | €13,721 | €9,145 | -€4,576 | -33.4% |
| Transfer to tax-exempt reserves | 689 | - | €111,498 | +€111,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,329 | €115,040 | +€15,711 | +15.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.