JUNEBO: 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.
JUNEBO
Largest movements
- Receivables after one year -€796,506
down €796,506 (-46.3%), from €1.7m to €922,969
- Financial fixed assets +€576,361
up €576,361 (+170.7%), from €337,561 to €913,922
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Tangible fixed assets -€261,744
down €261,744 (-8.6%), from €3.0m to €2.8m
of which Land and buildings: -€229,695
- Cash -€117,640
down €117,640 (-13.9%), from €848,237 to €730,598
mainly Contributions, distributions and other (-€899,189) and Investment in fixed assets (net) (-€428,820)
- Reserves -€1.0m
down €1.0m (-23.7%), from €4.3m to €3.3m
of which Distributable reserves: -€890,149
- Debts after one year -€165,774
down €165,774 (-7.7%), from €2.2m to €2.0m
- Advances received +€130,639
up €130,639 (+5308.6%), from €2,461 to €133,100
- Financial charges -€647,325
down €647,325 (-91.6%), from €707,042 to €59,716
of which Financial charges: -€564,409
- Financial income -€554,202
down €554,202 (-94.7%), from €585,199 to €30,996
of which Financial income: -€469,491
- Gross operating margin -€397,520
down €397,520 (-91.8%), from €433,105 to €35,585
- Write-downs +€96,876
up €96,876, from -€90,186 to €6,690
- Taxes -€28,009
down €28,009 (-50.1%), from €55,937 to €27,928
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 | €6,939,150 | €5,980,693 | -€958,456 | -13.8% |
| Fixed assets | 21/28 | €3,364,989 | €3,679,606 | +€314,617 | +9.3% |
| Tangible fixed assets | 22/27 | €3,027,428 | €2,765,684 | -€261,744 | -8.6% |
| Land and buildings | 22 | €2,828,661 | €2,598,966 | -€229,695 | -8.1% |
| Plant, machinery and equipment | 23 | €1,213 | €553 | -€660 | -54.4% |
| Furniture and vehicles | 24 | €94,399 | €63,404 | -€30,995 | -32.8% |
| Other tangible fixed assets | 26 | €103,154 | €102,760 | -€394 | -0.4% |
| Financial fixed assets | 28 | €337,561 | €913,922 | +€576,361 | +170.7% |
| Current assets | 29/58 | €3,574,161 | €2,301,088 | -€1.3m | -35.6% |
| Amounts receivable after more than one year | 29 | €1,719,475 | €922,969 | -€796,506 | -46.3% |
| Other amounts receivable | 291 | €1,719,475 | €922,969 | -€796,506 | -46.3% |
| Stocks and contracts in progress | 3 | €10,050 | €10,050 | = | 0.0% |
| Contracts in progress | 37 | €10,050 | €10,050 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €695,105 | €634,704 | -€60,402 | -8.7% |
| Trade receivables | 40 | €139,755 | €186,162 | +€46,407 | +33.2% |
| Other amounts receivable | 41 | €555,350 | €448,542 | -€106,809 | -19.2% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €848,237 | €730,598 | -€117,640 | -13.9% |
| Deferred charges and accrued income | 490/1 | €1,293 | €2,768 | +€1,474 | +114.0% |
| Total equity and liabilities | 10/49 | €6,939,150 | €5,980,693 | -€958,456 | -13.8% |
| Equity | 10/15 | €4,302,994 | €3,283,675 | -€1.0m | -23.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,296,794 | €3,277,475 | -€1.0m | -23.7% |
| Tax-exempt reserves | 132 | €265,783 | €136,613 | -€129,170 | -48.6% |
| Distributable reserves | 133 | €4,031,011 | €3,140,862 | -€890,149 | -22.1% |
| Provisions and deferred taxes | 16 | €88,594 | €45,538 | -€43,057 | -48.6% |
| Deferred taxes | 168 | €88,594 | €45,538 | -€43,057 | -48.6% |
| Amounts payable | 17/49 | €2,547,561 | €2,651,480 | +€103,919 | +4.1% |
| Amounts payable after more than one year | 17 | €2,159,038 | €1,993,264 | -€165,774 | -7.7% |
| Financial debts | 170/4 | €2,159,038 | €1,993,264 | -€165,774 | -7.7% |
| Amounts payable within one year | 42/48 | €388,523 | €658,216 | +€269,693 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | €321,251 | €309,208 | -€12,043 | -3.7% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €32,521 | €84,743 | +€52,222 | +160.6% |
| Suppliers | 440/4 | €32,521 | €84,743 | +€52,222 | +160.6% |
| Advances received on contracts in progress | 46 | €2,461 | €133,100 | +€130,639 | +5308.6% |
| Taxes, remuneration and social security | 45 | €29,130 | €57,308 | +€28,178 | +96.7% |
| Taxes | 450/3 | €29,130 | €57,308 | +€28,178 | +96.7% |
| Other amounts payable | 47/48 | €3,160 | €43,856 | +€40,696 | +1287.9% |
| Non-recurring operating income | 76A | €424,745 | €66,761 | -€357,984 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,973 | €114,204 | -€10,770 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€90,186 | €6,690 | +€96,876 | |
| Other operating charges | 640/8 | €45,621 | €20,940 | -€24,681 | -54.1% |
| Non-recurring operating charges | 66A | €42,537 | €289 | -€42,248 | -99.3% |
| Gross operating margin | 9900 | €433,105 | €35,585 | -€397,520 | -91.8% |
| Operating profit (loss) | 9901 | €310,159 | -€106,537 | -€416,696 | |
| Financial income | 75/76B | €585,199 | €30,996 | -€554,202 | -94.7% |
| Recurring financial income | 75 | €500,487 | €30,996 | -€469,491 | -93.8% |
| Non-recurring financial income | 76B | €84,711 | - | -€84,711 | |
| Financial charges | 65/66B | €707,042 | €59,716 | -€647,325 | -91.6% |
| Recurring financial charges | 65 | €624,125 | €59,716 | -€564,409 | -90.4% |
| Non-recurring financial charges | 66B | €82,917 | - | -€82,917 | |
| Profit (loss) for the period before taxes | 9903 | €188,316 | -€135,257 | -€323,573 | |
| Transfer from deferred taxes | 780 | €40,317 | €43,057 | +€2,740 | +6.8% |
| Transfer to deferred taxes | 680 | €37,008 | - | -€37,008 | |
| Income taxes | 67/77 | €55,937 | €27,928 | -€28,009 | -50.1% |
| Profit (loss) for the period | 9904 | €135,687 | -€120,129 | -€255,816 | |
| Transfer from tax-exempt reserves | 789 | €120,950 | €129,170 | +€8,219 | +6.8% |
| Transfer to tax-exempt reserves | 689 | €111,024 | - | -€111,024 | |
| Profit (loss) for the period to be appropriated | 9905 | €145,613 | €9,041 | -€136,572 | -93.8% |
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 9 October 2026 via checked.be.