JUMAXAN: 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.
JUMAXAN
Largest movements
- Financial fixed assets -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Receivables within one year +€130,818
up €130,818 (+26.5%), from €494,519 to €625,337
of which Other amounts receivable: +€143,598
- Tangible fixed assets -€125,679
down €125,679 (-5.9%), from €2.1m to €2.0m
of which Land and buildings: -€82,100
- Reserves -€744,544
down €744,544 (-61.4%), from €1.2m to €467,293
of which Distributable reserves: -€744,544
- Short-term financial debts -€582,496
down €582,496 (-79.5%), from €732,496 to €150,000
of which Credit institutions: -€446,560
- Other debts -€332,319
down €332,319 (-100%), from €332,319 to €0
- Accrued charges and deferred income -€235,017
down €235,017 (-100%), from €235,017 to €0
- Debts after one year -€146,244
down €146,244 (-7.5%), from €1.9m to €1.8m
- Financial charges +€613,740
up €613,740 (+599%), from €102,494 to €716,234
of which Non-recurring financial charges: +€621,090
- Gross operating margin -€167,593
down €167,593 (-59.8%), from €280,282 to €112,689
- Financial income -€35,638
down €35,638 (-97.5%), from €36,568 to €929
of which Financial income: -€36,567
- Taxes -€12,435
down €12,435 (-99.2%), from €12,537 to €102
- Depreciation -€7,292
down €7,292 (-5.7%), from €128,963 to €121,671
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 | €4,892,264 | €2,869,938 | -€2.0m | -41.3% |
| Fixed assets | 21/28 | €4,166,110 | €2,011,268 | -€2.2m | -51.7% |
| Tangible fixed assets | 22/27 | €2,136,947 | €2,011,268 | -€125,679 | -5.9% |
| Land and buildings | 22 | €1,760,686 | €1,678,586 | -€82,100 | -4.7% |
| Plant, machinery and equipment | 23 | €351,282 | €316,119 | -€35,163 | -10.0% |
| Furniture and vehicles | 24 | €5,137 | €0 | -€5,137 | -100% |
| Other tangible fixed assets | 26 | €19,842 | €16,563 | -€3,279 | -16.5% |
| Financial fixed assets | 28 | €2,029,163 | €0 | -€2.0m | -100% |
| Current assets | 29/58 | €726,154 | €858,670 | +€132,516 | +18.2% |
| Amounts receivable after more than one year | 29 | €229,680 | €229,680 | = | 0.0% |
| Other amounts receivable | 291 | €229,680 | €229,680 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €494,519 | €625,337 | +€130,818 | +26.5% |
| Trade receivables | 40 | €12,781 | €0 | -€12,781 | -100% |
| Other amounts receivable | 41 | €481,739 | €625,337 | +€143,598 | +29.8% |
| Cash at bank and in hand | 54/58 | €1,833 | €3,652 | +€1,820 | +99.3% |
| Deferred charges and accrued income | 490/1 | €122 | €0 | -€122 | -100% |
| Total equity and liabilities | 10/49 | €4,892,264 | €2,869,938 | -€2.0m | -41.3% |
| Equity | 10/15 | €1,368,038 | €623,493 | -€744,544 | -54.4% |
| Contributions | 10/11 | €156,200 | €156,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €156,200 | +€156,200 | |
| Other | 1109/19 | - | €156,200 | +€156,200 | |
| Reserves | 13 | €1,211,838 | €467,293 | -€744,544 | -61.4% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €1,194,838 | €450,293 | -€744,544 | -62.3% |
| Amounts payable | 17/49 | €3,524,226 | €2,246,445 | -€1.3m | -36.3% |
| Amounts payable after more than one year | 17 | €1,942,230 | €1,795,987 | -€146,244 | -7.5% |
| Financial debts | 170/4 | €1,942,230 | €1,795,987 | -€146,244 | -7.5% |
| Amounts payable within one year | 42/48 | €1,346,978 | €450,458 | -€896,520 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €154,319 | €283,086 | +€128,767 | +83.4% |
| Financial debts | 43 | €732,496 | €150,000 | -€582,496 | -79.5% |
| Credit institutions | 430/8 | €596,560 | €150,000 | -€446,560 | -74.9% |
| Other loans | 439 | €135,936 | - | -€135,936 | |
| Trade debts | 44 | €84,298 | €3,793 | -€80,505 | -95.5% |
| Suppliers | 440/4 | €84,298 | €3,793 | -€80,505 | -95.5% |
| Taxes, remuneration and social security | 45 | €43,547 | €13,579 | -€29,968 | -68.8% |
| Taxes | 450/3 | €43,547 | €13,579 | -€29,968 | -68.8% |
| Other amounts payable | 47/48 | €332,319 | €0 | -€332,319 | -100% |
| Accrued charges and deferred income | 492/3 | €235,017 | €0 | -€235,017 | -100% |
| Non-recurring operating income | 76A | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,963 | €121,671 | -€7,292 | -5.7% |
| Other operating charges | 640/8 | €20,636 | €20,156 | -€480 | -2.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €280,282 | €112,689 | -€167,593 | -59.8% |
| Operating profit (loss) | 9901 | €130,684 | -€29,137 | -€159,821 | |
| Financial income | 75/76B | €36,568 | €929 | -€35,638 | -97.5% |
| Recurring financial income | 75 | €36,568 | €0 | -€36,567 | -100.0% |
| Non-recurring financial income | 76B | - | €929 | +€929 | |
| Financial charges | 65/66B | €102,494 | €716,234 | +€613,740 | +599% |
| Recurring financial charges | 65 | €102,494 | €95,144 | -€7,350 | -7.2% |
| Non-recurring financial charges | 66B | - | €621,090 | +€621,090 | |
| Profit (loss) for the period before taxes | 9903 | €64,757 | -€744,442 | -€809,199 | |
| Income taxes | 67/77 | €12,537 | €102 | -€12,435 | -99.2% |
| Profit (loss) for the period | 9904 | €52,220 | -€744,544 | -€796,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,220 | -€744,544 | -€796,764 |
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 27 October 2026 via checked.be.