JUNKER: 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.
JUNKER
Largest movements
- Cash -€149,051
down €149,051 (-67.5%), from €220,955 to €71,903
mainly Current investments (-€90,000) and Advances received (-€44,223)
- Current investments +€90,000
new in 2025: €90,000
- Receivables within one year +€30,614
up €30,614 (+392.0%), from €7,810 to €38,424
of which Trade receivables: +€30,328
- Stocks and contracts -€11,011
down €11,011 (-12.8%), from €85,885 to €74,875
- Advances received -€44,223
down €44,223 (-71.8%), from €61,556 to €17,333
- Other debts +€3,987
up €3,987 (+89.6%), from €4,448 to €8,435
- Write-downs +€16,031
up €16,031, from -€12,347 to €3,685
- Staff costs -€15,700
down €15,700 (-15.4%), from €101,650 to €85,950
- Gross operating margin -€1,746
down €1,746 (-1.6%), from €112,044 to €110,298
- Taxes -€1,128
down €1,128 (-60.3%), from €1,870 to €742
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 | €377,904 | €335,498 | -€42,406 | -11.2% |
| Fixed assets | 21/28 | €60,272 | €57,638 | -€2,634 | -4.4% |
| Tangible fixed assets | 22/27 | €59,958 | €57,324 | -€2,634 | -4.4% |
| Land and buildings | 22 | €28,982 | €27,542 | -€1,441 | -5.0% |
| Plant, machinery and equipment | 23 | €26,582 | €21,898 | -€4,684 | -17.6% |
| Furniture and vehicles | 24 | €4,393 | €7,884 | +€3,491 | +79.5% |
| Financial fixed assets | 28 | €314 | €314 | = | 0.0% |
| Current assets | 29/58 | €317,632 | €277,860 | -€39,772 | -12.5% |
| Stocks and contracts in progress | 3 | €85,885 | €74,875 | -€11,011 | -12.8% |
| Stocks | 30/36 | €85,885 | €74,875 | -€11,011 | -12.8% |
| Amounts receivable within one year | 40/41 | €7,810 | €38,424 | +€30,614 | +392.0% |
| Trade receivables | 40 | €7,458 | €37,786 | +€30,328 | +406.7% |
| Other amounts receivable | 41 | €352 | €638 | +€285 | +81.0% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €220,955 | €71,903 | -€149,051 | -67.5% |
| Deferred charges and accrued income | 490/1 | €2,982 | €2,659 | -€323 | -10.8% |
| Total equity and liabilities | 10/49 | €377,904 | €335,498 | -€42,406 | -11.2% |
| Equity | 10/15 | €213,905 | €213,092 | -€813 | -0.4% |
| Contributions | 10/11 | €88,100 | €88,100 | = | 0.0% |
| Reserves | 13 | €24,512 | €24,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,810 | €8,810 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,810 | €8,810 | = | 0.0% |
| Distributable reserves | 133 | €15,702 | €15,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,293 | €100,480 | -€813 | -0.8% |
| Amounts payable | 17/49 | €163,999 | €122,406 | -€41,593 | -25.4% |
| Amounts payable after more than one year | 17 | €75,552 | €75,552 | = | 0.0% |
| Financial debts | 170/4 | €75,552 | €75,552 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,081 | €41,065 | -€41,016 | -50.0% |
| Trade debts | 44 | €1,087 | €3,388 | +€2,301 | +211.7% |
| Suppliers | 440/4 | €1,087 | €3,388 | +€2,301 | +211.7% |
| Advances received on contracts in progress | 46 | €61,556 | €17,333 | -€44,223 | -71.8% |
| Taxes, remuneration and social security | 45 | €14,990 | €11,909 | -€3,081 | -20.6% |
| Taxes | 450/3 | €4,672 | €4,069 | -€602 | -12.9% |
| Remuneration and social security | 454/9 | €10,318 | €7,839 | -€2,479 | -24.0% |
| Other amounts payable | 47/48 | €4,448 | €8,435 | +€3,987 | +89.6% |
| Accrued charges and deferred income | 492/3 | €6,366 | €5,789 | -€577 | -9.1% |
| Remuneration, social security and pensions | 62 | €101,650 | €85,950 | -€15,700 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,338 | €13,043 | -€295 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,347 | €3,685 | +€16,031 | |
| Other operating charges | 640/8 | €4,736 | €4,867 | +€132 | +2.8% |
| Gross operating margin | 9900 | €112,044 | €110,298 | -€1,746 | -1.6% |
| Operating profit (loss) | 9901 | €4,667 | €2,752 | -€1,915 | -41.0% |
| Financial income | 75/76B | €4,199 | €3,924 | -€275 | -6.6% |
| Recurring financial income | 75 | €4,199 | €3,924 | -€275 | -6.6% |
| Financial charges | 65/66B | €6,759 | €5,914 | -€845 | -12.5% |
| Recurring financial charges | 65 | €6,759 | €5,914 | -€845 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €2,107 | €762 | -€1,345 | -63.8% |
| Income taxes | 67/77 | €1,870 | €742 | -€1,128 | -60.3% |
| Profit (loss) for the period | 9904 | €237 | €20 | -€217 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €237 | €20 | -€217 | -91.5% |
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 11 October 2026 via checked.be.