JUNIPER EBM: 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.
JUNIPER EBM
Largest movements
- Tangible fixed assets +€388,763
up €388,763 (+82.4%), from €471,697 to €860,460
of which Assets under construction and advance payments: +€647,738
- Deferred charges and accrued income -€70,000
down €70,000 (-84.7%), from €82,663 to €12,663
- Receivables within one year +€38,041
up €38,041 (+1038.6%), from €3,663 to €41,704
of which Other amounts receivable: +€25,409
- Other debts +€286,370
up €286,370 (+866.9%), from €33,036 to €319,405
- Debts after one year +€237,135
up €237,135 (+50.9%), from €465,989 to €703,124
of which Financial debts: +€517,135
- Reserves -€194,053
down €194,053 (-19.7%), from €985,929 to €791,876
- Current portion of long-term debt +€30,751
up €30,751 (+81.8%), from €37,590 to €68,342
- Financial charges +€35,634
up €35,634 (+292.4%), from €12,187 to €47,821
- Gross operating margin -€27,466
down €27,466 (-50.1%), from €54,780 to €27,314
- Depreciation -€16,959
down €16,959 (-99.8%), from €16,987 to €28
- Taxes -€4,558
down €4,558 (-97.1%), from €4,694 to €136
- Other operating charges +€2,481
up €2,481 (+74.5%), from €3,329 to €5,810
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 | €1,552,886 | €1,914,067 | +€361,181 | +23.3% |
| Fixed assets | 21/28 | €1,450,630 | €1,839,643 | +€389,013 | +26.8% |
| Tangible fixed assets | 22/27 | €471,697 | €860,460 | +€388,763 | +82.4% |
| Land and buildings | 22 | €427,028 | €159,456 | -€267,572 | -62.7% |
| Plant, machinery and equipment | 23 | - | €8,597 | +€8,597 | |
| Assets under construction and advance payments | 27 | €44,670 | €692,407 | +€647,738 | +1450.1% |
| Financial fixed assets | 28 | €978,933 | €979,183 | +€250 | 0.0% |
| Current assets | 29/58 | €102,256 | €74,424 | -€27,832 | -27.2% |
| Amounts receivable within one year | 40/41 | €3,663 | €41,704 | +€38,041 | +1038.6% |
| Trade receivables | 40 | €931 | €13,563 | +€12,632 | +1357.4% |
| Other amounts receivable | 41 | €2,732 | €28,141 | +€25,409 | +930.0% |
| Cash at bank and in hand | 54/58 | €15,930 | €20,058 | +€4,127 | +25.9% |
| Deferred charges and accrued income | 490/1 | €82,663 | €12,663 | -€70,000 | -84.7% |
| Total equity and liabilities | 10/49 | €1,552,886 | €1,914,067 | +€361,181 | +23.3% |
| Equity | 10/15 | €1,005,929 | €811,876 | -€194,053 | -19.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €985,929 | €791,876 | -€194,053 | -19.7% |
| Distributable reserves | 133 | €985,929 | €791,876 | -€194,053 | -19.7% |
| Amounts payable | 17/49 | €546,957 | €1,102,191 | +€555,234 | +101.5% |
| Amounts payable after more than one year | 17 | €465,989 | €703,124 | +€237,135 | +50.9% |
| Financial debts | 170/4 | €185,989 | €703,124 | +€517,135 | +278.0% |
| Other amounts payable | 178/9 | €280,000 | €0 | -€280,000 | -100.0% |
| Amounts payable within one year | 42/48 | €72,568 | €399,067 | +€326,499 | +449.9% |
| Current portion of amounts payable after more than one year | 42 | €37,590 | €68,342 | +€30,751 | +81.8% |
| Trade debts | 44 | €1,486 | €4,897 | +€3,412 | +229.6% |
| Suppliers | 440/4 | €1,486 | €4,897 | +€3,412 | +229.6% |
| Taxes, remuneration and social security | 45 | €456 | €6,422 | +€5,966 | +1307.6% |
| Taxes | 450/3 | €456 | €6,422 | +€5,966 | +1307.6% |
| Other amounts payable | 47/48 | €33,036 | €319,405 | +€286,370 | +866.9% |
| Accrued charges and deferred income | 492/3 | €8,400 | €0 | -€8,400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,987 | €28 | -€16,959 | -99.8% |
| Other operating charges | 640/8 | €3,329 | €5,810 | +€2,481 | +74.5% |
| Non-recurring operating charges | 66A | - | €267,572 | +€267,572 | |
| Gross operating margin | 9900 | €54,780 | €27,314 | -€27,466 | -50.1% |
| Operating profit (loss) | 9901 | €34,464 | -€246,096 | -€280,560 | |
| Financial income | 75/76B | €100,000 | €100,000 | = | 0.0% |
| Recurring financial income | 75 | €100,000 | €100,000 | = | 0.0% |
| Financial charges | 65/66B | €12,187 | €47,821 | +€35,634 | +292.4% |
| Recurring financial charges | 65 | €12,187 | €47,821 | +€35,634 | +292.4% |
| Profit (loss) for the period before taxes | 9903 | €122,278 | -€193,917 | -€316,194 | |
| Income taxes | 67/77 | €4,694 | €136 | -€4,558 | -97.1% |
| Profit (loss) for the period | 9904 | €117,584 | -€194,053 | -€311,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €117,584 | -€194,053 | -€311,636 |
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.