JUNIMA INVEST: 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.
What changed
JUNIMA INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€61,786
2024 · €73,727-€11,941
Equity
€2.5m
2024 · €2.4m+€61,786
Cash
€2.0m
2024 · €2.4m-€421,167
Balance sheet total
€3.7m
2024 · €3.7m+€12,736
Largest movements
Assets
- Cash -€421,167
down €421,167 (-17.4%), from €2.4m to €2.0m
mainly Investment in fixed assets (net) (-€532,324) and Short-term financial debts (-€25,000)
- Tangible fixed assets +€413,904
up €413,904 (+33.9%), from €1.2m to €1.6m
Equity and liabilities
- Profit (loss) carried forward +€66,196
up €66,196 (+11.4%), from €578,555 to €644,751
Income statement
- Gross operating margin +€45,492
up €45,492 (+31.2%), from €145,586 to €191,078
- Financial income -€36,872
down €36,872 (-46.3%), from €79,597 to €42,725
- Depreciation +€20,598
up €20,598 (+21.1%), from €97,823 to €118,421
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.
Result 2024
€73,727
Gross operating margin
+€45,492
Depreciation
-€20,598
Other operating charges
-€650
Financial income
-€36,872
Financial charges
+€340
Taxes
-€1,123
Deferred taxes and other
+€1,470
Result 2025
€61,786
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€136,158
Investment
-€532,324
Financing
-€25,000
Cash 2024
€2.4m
From operations (derived)
+€136,158
Net result for the year
+€61,786
Depreciation
+€118,421
Receivables within one year
-€20,000
Provisions
-€1,470
Trade debts
+€3,372
Tax, wage and social debts
-€11,429
Other debts
-€14,523
Investment (derived)
-€532,324
Investment in fixed assets (net)
-€532,324
Financing
-€25,000
Short-term financial debts
-€25,000
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,708,312 | €3,721,048 | +€12,736 | +0.3% |
| Fixed assets | 21/28 | €1,219,913 | €1,633,817 | +€413,904 | +33.9% |
| Tangible fixed assets | 22/27 | €1,219,913 | €1,633,817 | +€413,904 | +33.9% |
| Land and buildings | 22 | €1,219,913 | €1,633,817 | +€413,904 | +33.9% |
| Current assets | 29/58 | €2,488,398 | €2,087,231 | -€401,167 | -16.1% |
| Amounts receivable within one year | 40/41 | €72,265 | €92,265 | +€20,000 | +27.7% |
| Trade receivables | 40 | €31,939 | €39,199 | +€7,260 | +22.7% |
| Other amounts receivable | 41 | €40,326 | €53,066 | +€12,740 | +31.6% |
| Cash at bank and in hand | 54/58 | €2,416,134 | €1,994,966 | -€421,167 | -17.4% |
| Total equity and liabilities | 10/49 | €3,708,312 | €3,721,048 | +€12,736 | +0.3% |
| Equity | 10/15 | €2,417,901 | €2,479,688 | +€61,786 | +2.6% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €1,489,346 | €1,484,937 | -€4,409 | -0.3% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,454,346 | €1,449,937 | -€4,409 | -0.3% |
| Profit (loss) carried forward | 14 | €578,555 | €644,751 | +€66,196 | +11.4% |
| Provisions and deferred taxes | 16 | €484,782 | €483,312 | -€1,470 | -0.3% |
| Deferred taxes | 168 | €484,782 | €483,312 | -€1,470 | -0.3% |
| Amounts payable | 17/49 | €805,628 | €758,048 | -€47,580 | -5.9% |
| Amounts payable after more than one year | 17 | €700,000 | €700,000 | = | 0.0% |
| Financial debts | 170/4 | €700,000 | €700,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,628 | €58,048 | -€47,580 | -45.0% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €6,819 | €10,192 | +€3,372 | +49.5% |
| Suppliers | 440/4 | €6,819 | €10,192 | +€3,372 | +49.5% |
| Taxes, remuneration and social security | 45 | €19,265 | €7,836 | -€11,429 | -59.3% |
| Taxes | 450/3 | €19,265 | €7,836 | -€11,429 | -59.3% |
| Other amounts payable | 47/48 | €54,543 | €40,020 | -€14,523 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,823 | €118,421 | +€20,598 | +21.1% |
| Other operating charges | 640/8 | €7,368 | €8,018 | +€650 | +8.8% |
| Gross operating margin | 9900 | €145,586 | €191,078 | +€45,492 | +31.2% |
| Operating profit (loss) | 9901 | €40,396 | €64,640 | +€24,244 | +60.0% |
| Financial income | 75/76B | €79,597 | €42,725 | -€36,872 | -46.3% |
| Recurring financial income | 75 | €79,597 | €42,725 | -€36,872 | -46.3% |
| Financial charges | 65/66B | €21,585 | €21,244 | -€340 | -1.6% |
| Recurring financial charges | 65 | €21,585 | €21,244 | -€340 | -1.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €98,408 | €86,120 | -€12,288 | -12.5% |
| Transfer from deferred taxes | 780 | €0 | €1,470 | +€1,470 | |
| Income taxes | 67/77 | €24,681 | €25,803 | +€1,123 | +4.5% |
| Profit (loss) for the period | 9904 | €73,727 | €61,786 | -€11,941 | -16.2% |
| Transfer from tax-exempt reserves | 789 | €0 | €4,409 | +€4,409 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,727 | €66,196 | -€7,531 | -10.2% |
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.