Junaud Management: what changed
Two fiscal 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.
Junaud Management
Largest movements
- Cash +€394,759
up €394,759 (+287.7%), from €137,221 to €531,980
mainly Current investments (+€200,000) and Net result for the year (+€197,858)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Reserves +€197,858
up €197,858 (+56.7%), from €349,060 to €546,918
- Gross operating margin +€25,018
up €25,018 (+10.9%), from €229,861 to €254,880
- Taxes +€6,846
up €6,846 (+12.3%), from €55,722 to €62,568
- Financial income +€3,376
up €3,376 (+97.4%), from €3,464 to €6,840
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 | €375,845 | €574,679 | +€198,834 | +52.9% |
| Fixed assets | 21/28 | - | €2,240 | +€2,240 | |
| Tangible fixed assets | 22/27 | - | €2,240 | +€2,240 | |
| Plant, machinery and equipment | 23 | - | €1,095 | +€1,095 | |
| Furniture and vehicles | 24 | - | €1,146 | +€1,146 | |
| Current assets | 29/58 | €375,845 | €572,439 | +€196,594 | +52.3% |
| Amounts receivable within one year | 40/41 | €38,624 | €40,458 | +€1,834 | +4.7% |
| Trade receivables | 40 | €33,264 | €35,899 | +€2,635 | +7.9% |
| Other amounts receivable | 41 | €5,360 | €4,559 | -€801 | -14.9% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €137,221 | €531,980 | +€394,759 | +287.7% |
| Total equity and liabilities | 10/49 | €375,845 | €574,679 | +€198,834 | +52.9% |
| Equity | 10/15 | €354,060 | €551,918 | +€197,858 | +55.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €349,060 | €546,918 | +€197,858 | +56.7% |
| Distributable reserves | 133 | €349,060 | €546,918 | +€197,858 | +56.7% |
| Amounts payable | 17/49 | €21,785 | €22,761 | +€976 | +4.5% |
| Amounts payable within one year | 42/48 | €21,785 | €22,761 | +€976 | +4.5% |
| Trade debts | 44 | €4,905 | €2,474 | -€2,431 | -49.6% |
| Suppliers | 440/4 | €4,905 | €2,474 | -€2,431 | -49.6% |
| Taxes, remuneration and social security | 45 | €16,684 | €18,245 | +€1,560 | +9.4% |
| Taxes | 450/3 | €16,684 | €18,245 | +€1,560 | +9.4% |
| Other amounts payable | 47/48 | €196 | €2,043 | +€1,847 | +942.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €397 | +€397 | |
| Other operating charges | 640/8 | €64 | €696 | +€632 | +991.3% |
| Gross operating margin | 9900 | €229,861 | €254,880 | +€25,018 | +10.9% |
| Operating profit (loss) | 9901 | €229,798 | €253,787 | +€23,989 | +10.4% |
| Financial income | 75/76B | €3,464 | €6,840 | +€3,376 | +97.4% |
| Recurring financial income | 75 | €3,464 | €6,840 | +€3,376 | +97.4% |
| Financial charges | 65/66B | €141 | €201 | +€60 | +42.8% |
| Recurring financial charges | 65 | €141 | €201 | +€60 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €233,122 | €260,426 | +€27,305 | +11.7% |
| Income taxes | 67/77 | €55,722 | €62,568 | +€6,846 | +12.3% |
| Profit (loss) for the period | 9904 | €177,399 | €197,858 | +€20,459 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €177,399 | €197,858 | +€20,459 | +11.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.