JUNIOR: 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.
JUNIOR
Largest movements
- Cash +€382,521
up €382,521 (+420.4%), from €90,989 to €473,510
mainly Net result for the year (+€444,385) and Depreciation (+€270,025)
- Tangible fixed assets -€74,408
down €74,408 (-1.9%), from €4.0m to €3.9m
- Profit (loss) carried forward +€444,385
up €444,385 (+13.0%), from €3.4m to €3.9m
- Other debts -€236,939
down €236,939 (-47.2%), from €502,300 to €265,362
- Tax, wage and social debts +€159,202
new in 2025: €159,202
- Gross operating margin +€126,424
up €126,424 (+14.5%), from €870,007 to €996,432
- Other operating charges +€40,774
up €40,774 (+48.9%), from €83,305 to €124,080
- Taxes +€24,681
up €24,681 (+18.8%), from €131,578 to €156,259
- Depreciation +€16,320
up €16,320 (+6.4%), from €253,705 to €270,025
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 | €5,349,680 | €5,710,924 | +€361,244 | +6.8% |
| Fixed assets | 21/28 | €4,037,005 | €3,962,597 | -€74,408 | -1.8% |
| Tangible fixed assets | 22/27 | €4,016,896 | €3,942,488 | -€74,408 | -1.9% |
| Land and buildings | 22 | €4,016,896 | €3,942,488 | -€74,408 | -1.9% |
| Financial fixed assets | 28 | €20,109 | €20,109 | = | 0.0% |
| Current assets | 29/58 | €1,312,675 | €1,748,327 | +€435,652 | +33.2% |
| Amounts receivable within one year | 40/41 | €1,217,651 | €1,270,782 | +€53,130 | +4.4% |
| Trade receivables | 40 | €21,654 | €18,250 | -€3,403 | -15.7% |
| Other amounts receivable | 41 | €1,195,998 | €1,252,531 | +€56,534 | +4.7% |
| Current investments | 50/53 | €4,035 | €4,035 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,989 | €473,510 | +€382,521 | +420.4% |
| Total equity and liabilities | 10/49 | €5,349,680 | €5,710,924 | +€361,244 | +6.8% |
| Equity | 10/15 | €4,745,372 | €5,189,756 | +€444,385 | +9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,239,468 | €1,239,468 | = | 0.0% |
| Reserves | 13 | €13,488 | €13,488 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,288 | €7,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,430,416 | €3,874,800 | +€444,385 | +13.0% |
| Amounts payable | 17/49 | €604,309 | €521,168 | -€83,141 | -13.8% |
| Amounts payable within one year | 42/48 | €557,991 | €442,217 | -€115,774 | -20.7% |
| Trade debts | 44 | €55,691 | €17,654 | -€38,037 | -68.3% |
| Suppliers | 440/4 | €55,691 | €17,654 | -€38,037 | -68.3% |
| Taxes, remuneration and social security | 45 | - | €159,202 | +€159,202 | |
| Taxes | 450/3 | - | €159,202 | +€159,202 | |
| Other amounts payable | 47/48 | €502,300 | €265,362 | -€236,939 | -47.2% |
| Accrued charges and deferred income | 492/3 | €46,317 | €78,950 | +€32,633 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,705 | €270,025 | +€16,320 | +6.4% |
| Other operating charges | 640/8 | €83,305 | €124,080 | +€40,774 | +48.9% |
| Gross operating margin | 9900 | €870,007 | €996,432 | +€126,424 | +14.5% |
| Operating profit (loss) | 9901 | €532,997 | €602,327 | +€69,330 | +13.0% |
| Financial income | 75/76B | €4,733 | €513 | -€4,219 | -89.2% |
| Recurring financial income | 75 | €4,733 | €513 | -€4,219 | -89.2% |
| Financial charges | 65/66B | €4,426 | €2,197 | -€2,229 | -50.4% |
| Recurring financial charges | 65 | €4,426 | €2,197 | -€2,229 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €533,303 | €600,643 | +€67,340 | +12.6% |
| Income taxes | 67/77 | €131,578 | €156,259 | +€24,681 | +18.8% |
| Profit (loss) for the period | 9904 | €401,726 | €444,385 | +€42,659 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €401,726 | €444,385 | +€42,659 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.