JUMAS: 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.
JUMAS
Largest movements
- Tangible fixed assets +€302,785
up €302,785 (+132%), from €229,200 to €531,985
- Cash -€41,833
down €41,833 (-29.3%), from €142,891 to €101,058
mainly Investment in fixed assets (net) (-€345,206) and Contributions, distributions and other (-€44,736)
- Receivables within one year -€40,823
down €40,823 (-82.3%), from €49,606 to €8,783
of which Trade receivables: -€38,086
- Debts after one year +€165,000
up €165,000 (+67.3%), from €245,000 to €410,000
- Reserves +€45,455
up €45,455 (+59.3%), from €76,606 to €122,061
- Current portion of long-term debt +€20,000
new in 2025: €20,000
- Trade debts -€12,205
down €12,205 (-39.4%), from €30,983 to €18,778
- Gross operating margin +€36,519
up €36,519 (+61.7%), from €59,184 to €95,703
- Depreciation +€29,286
up €29,286 (+358%), from €8,185 to €37,471
- Financial income -€25,128
down €25,128 (-25.1%), from €100,241 to €75,113
- Financial charges +€7,342
up €7,342 (+35.4%), from €20,735 to €28,077
- Taxes -€1,849
down €1,849 (-14.1%), from €13,068 to €11,219
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 | €817,966 | €1,043,116 | +€225,150 | +27.5% |
| Fixed assets | 21/28 | €625,200 | €932,935 | +€307,735 | +49.2% |
| Tangible fixed assets | 22/27 | €229,200 | €531,985 | +€302,785 | +132% |
| Land and buildings | 22 | €229,200 | €531,985 | +€302,785 | +132% |
| Financial fixed assets | 28 | €396,000 | €400,950 | +€4,950 | +1.3% |
| Current assets | 29/58 | €192,766 | €110,180 | -€82,586 | -42.8% |
| Amounts receivable within one year | 40/41 | €49,606 | €8,783 | -€40,823 | -82.3% |
| Trade receivables | 40 | €45,271 | €7,185 | -€38,086 | -84.1% |
| Other amounts receivable | 41 | €4,335 | €1,598 | -€2,737 | -63.1% |
| Cash at bank and in hand | 54/58 | €142,891 | €101,058 | -€41,833 | -29.3% |
| Deferred charges and accrued income | 490/1 | €268 | €339 | +€70 | +26.2% |
| Total equity and liabilities | 10/49 | €817,966 | €1,043,116 | +€225,150 | +27.5% |
| Equity | 10/15 | €472,606 | €518,061 | +€45,455 | +9.6% |
| Contributions | 10/11 | €396,000 | €396,000 | = | 0.0% |
| Reserves | 13 | €76,606 | €122,061 | +€45,455 | +59.3% |
| Distributable reserves | 133 | €76,606 | €122,061 | +€45,455 | +59.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €345,360 | €525,055 | +€179,695 | +52.0% |
| Amounts payable after more than one year | 17 | €245,000 | €410,000 | +€165,000 | +67.3% |
| Financial debts | 170/4 | €245,000 | €410,000 | +€165,000 | +67.3% |
| Amounts payable within one year | 42/48 | €100,360 | €114,423 | +€14,064 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €30,983 | €18,778 | -€12,205 | -39.4% |
| Suppliers | 440/4 | €30,983 | €18,778 | -€12,205 | -39.4% |
| Taxes, remuneration and social security | 45 | €16,575 | €17,345 | +€770 | +4.6% |
| Taxes | 450/3 | €16,575 | €17,345 | +€770 | +4.6% |
| Other amounts payable | 47/48 | €52,801 | €58,300 | +€5,499 | +10.4% |
| Accrued charges and deferred income | 492/3 | - | €632 | +€632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,185 | €37,471 | +€29,286 | +358% |
| Other operating charges | 640/8 | €2,635 | €3,858 | +€1,222 | +46.4% |
| Gross operating margin | 9900 | €59,184 | €95,703 | +€36,519 | +61.7% |
| Operating profit (loss) | 9901 | €48,364 | €54,374 | +€6,010 | +12.4% |
| Financial income | 75/76B | €100,241 | €75,113 | -€25,128 | -25.1% |
| Recurring financial income | 75 | €100,241 | €75,113 | -€25,128 | -25.1% |
| Financial charges | 65/66B | €20,735 | €28,077 | +€7,342 | +35.4% |
| Recurring financial charges | 65 | €20,735 | €28,077 | +€7,342 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €127,870 | €101,410 | -€26,460 | -20.7% |
| Income taxes | 67/77 | €13,068 | €11,219 | -€1,849 | -14.1% |
| Profit (loss) for the period | 9904 | €114,802 | €90,191 | -€24,611 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €114,802 | €90,191 | -€24,611 | -21.4% |
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 18 October 2026 via checked.be.