JUNA 2: 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.
JUNA 2
Largest movements
- Cash -€116,922
down €116,922 (-48.4%), from €241,506 to €124,584
mainly Investment in fixed assets (net) (-€150,157) and Receivables within one year (-€87,878)
- Tangible fixed assets +€97,335
up €97,335 (+54.7%), from €177,833 to €275,168
of which Land and buildings: +€102,208
- Receivables within one year +€87,878
up €87,878 (+318.1%), from €27,624 to €115,502
of which Other amounts receivable: +€107,561
- Reserves +€121,389
up €121,389 (+46.5%), from €261,113 to €382,501
of which Distributable reserves: +€121,389
- Other debts -€32,050
no longer reported in 2025 (was €32,050)
- Tax, wage and social debts -€16,152
down €16,152 (-31.5%), from €51,213 to €35,061
of which Taxes: -€41,439
- Debts after one year -€11,799
down €11,799 (-45.6%), from €25,852 to €14,053
- Gross operating margin +€60,088
up €60,088 (+8.3%), from €724,922 to €785,010
- Staff costs +€43,748
up €43,748 (+8.6%), from €510,809 to €554,557
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 | €472,050 | €536,021 | +€63,972 | +13.6% |
| Fixed assets | 21/28 | €180,833 | €278,168 | +€97,335 | +53.8% |
| Tangible fixed assets | 22/27 | €177,833 | €275,168 | +€97,335 | +54.7% |
| Land and buildings | 22 | €30,777 | €132,985 | +€102,208 | +332.1% |
| Plant, machinery and equipment | 23 | €74,964 | €90,671 | +€15,707 | +21.0% |
| Furniture and vehicles | 24 | €65,013 | €44,433 | -€20,581 | -31.7% |
| Other tangible fixed assets | 26 | €7,079 | €7,079 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €291,217 | €257,853 | -€33,363 | -11.5% |
| Stocks and contracts in progress | 3 | €22,087 | €17,767 | -€4,320 | -19.6% |
| Stocks | 30/36 | €22,087 | €17,767 | -€4,320 | -19.6% |
| Amounts receivable within one year | 40/41 | €27,624 | €115,502 | +€87,878 | +318.1% |
| Trade receivables | 40 | €22,556 | €2,873 | -€19,683 | -87.3% |
| Other amounts receivable | 41 | €5,068 | €112,629 | +€107,561 | +2122.3% |
| Cash at bank and in hand | 54/58 | €241,506 | €124,584 | -€116,922 | -48.4% |
| Total equity and liabilities | 10/49 | €472,050 | €536,021 | +€63,972 | +13.6% |
| Equity | 10/15 | €281,113 | €402,501 | +€121,389 | +43.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €261,113 | €382,501 | +€121,389 | +46.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €259,113 | €380,501 | +€121,389 | +46.8% |
| Amounts payable | 17/49 | €190,937 | €133,520 | -€57,417 | -30.1% |
| Amounts payable after more than one year | 17 | €25,852 | €14,053 | -€11,799 | -45.6% |
| Financial debts | 170/4 | €25,852 | €14,053 | -€11,799 | -45.6% |
| Amounts payable within one year | 42/48 | €165,085 | €119,467 | -€45,619 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €11,545 | €12,760 | +€1,216 | +10.5% |
| Trade debts | 44 | €53,928 | €51,931 | -€1,997 | -3.7% |
| Suppliers | 440/4 | €53,928 | €51,931 | -€1,997 | -3.7% |
| Advances received on contracts in progress | 46 | €16,349 | €19,714 | +€3,365 | +20.6% |
| Taxes, remuneration and social security | 45 | €51,213 | €35,061 | -€16,152 | -31.5% |
| Taxes | 450/3 | €51,213 | €9,774 | -€41,439 | -80.9% |
| Remuneration and social security | 454/9 | - | €25,287 | +€25,287 | |
| Other amounts payable | 47/48 | €32,050 | - | -€32,050 | |
| Remuneration, social security and pensions | 62 | €510,809 | €554,557 | +€43,748 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,668 | €52,822 | +€4,154 | +8.5% |
| Other operating charges | 640/8 | €9,427 | €11,950 | +€2,523 | +26.8% |
| Gross operating margin | 9900 | €724,922 | €785,010 | +€60,088 | +8.3% |
| Operating profit (loss) | 9901 | €156,018 | €165,680 | +€9,663 | +6.2% |
| Financial income | 75/76B | €547 | €3,881 | +€3,334 | +609.0% |
| Recurring financial income | 75 | €547 | €3,881 | +€3,334 | +609.0% |
| Financial charges | 65/66B | €9,010 | €10,119 | +€1,109 | +12.3% |
| Recurring financial charges | 65 | €9,010 | €10,119 | +€1,109 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €147,555 | €159,443 | +€11,888 | +8.1% |
| Income taxes | 67/77 | €38,924 | €38,054 | -€870 | -2.2% |
| Profit (loss) for the period | 9904 | €108,631 | €121,389 | +€12,758 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,631 | €121,389 | +€12,758 | +11.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.