JUNO 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.
JUNO INVEST
Largest movements
- Cash +€79,549
up €79,549 (+267%), from €29,752 to €109,301
mainly Net result for the year (+€52,959) and Debts after one year (+€31,856)
- Tangible fixed assets +€24,879
up €24,879 (+63.3%), from €39,299 to €64,179
of which Furniture and vehicles: +€39,230
- Receivables within one year -€5,684
down €5,684 (-17.7%), from €32,142 to €26,457
of which Trade receivables: -€3,780
- Reserves +€52,959
up €52,959 (+117%), from €45,292 to €98,251
- Debts after one year +€31,856
up €31,856 (+275%), from €11,593 to €43,448
- Tax, wage and social debts +€14,601
up €14,601 (+60.2%), from €24,261 to €38,862
- Trade debts -€8,201
down €8,201 (-75.2%), from €10,900 to €2,699
- Current portion of long-term debt +€8,151
up €8,151 (+189%), from €4,315 to €12,466
- Gross operating margin +€20,072
up €20,072 (+31.8%), from €63,085 to €83,158
- Depreciation +€6,972
up €6,972 (+176%), from €3,960 to €10,932
- Taxes +€3,070
up €3,070 (+25.7%), from €11,941 to €15,011
- Financial charges +€2,082
up €2,082 (+379%), from €550 to €2,632
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,416 | €200,728 | +€99,313 | +97.9% |
| Fixed assets | 21/28 | €39,299 | €64,179 | +€24,879 | +63.3% |
| Tangible fixed assets | 22/27 | €39,299 | €64,179 | +€24,879 | +63.3% |
| Plant, machinery and equipment | 23 | €877 | €6,706 | +€5,828 | +664% |
| Furniture and vehicles | 24 | €18,243 | €57,473 | +€39,230 | +215% |
| Other tangible fixed assets | 26 | €20,179 | €0 | -€20,179 | -100% |
| Current assets | 29/58 | €62,116 | €136,550 | +€74,433 | +120% |
| Amounts receivable within one year | 40/41 | €32,142 | €26,457 | -€5,684 | -17.7% |
| Trade receivables | 40 | €27,187 | €23,407 | -€3,780 | -13.9% |
| Other amounts receivable | 41 | €4,955 | €3,050 | -€1,905 | -38.4% |
| Cash at bank and in hand | 54/58 | €29,752 | €109,301 | +€79,549 | +267% |
| Deferred charges and accrued income | 490/1 | €222 | €791 | +€569 | +256% |
| Total equity and liabilities | 10/49 | €101,416 | €200,728 | +€99,313 | +97.9% |
| Equity | 10/15 | €50,292 | €103,251 | +€52,959 | +105% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,292 | €98,251 | +€52,959 | +117% |
| Distributable reserves | 133 | €45,292 | €98,251 | +€52,959 | +117% |
| Amounts payable | 17/49 | €51,124 | €97,478 | +€46,353 | +90.7% |
| Amounts payable after more than one year | 17 | €11,593 | €43,448 | +€31,856 | +275% |
| Financial debts | 170/4 | €11,593 | €43,448 | +€31,856 | +275% |
| Amounts payable within one year | 42/48 | €39,519 | €54,029 | +€14,510 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €4,315 | €12,466 | +€8,151 | +189% |
| Trade debts | 44 | €10,900 | €2,699 | -€8,201 | -75.2% |
| Suppliers | 440/4 | €10,900 | €2,699 | -€8,201 | -75.2% |
| Taxes, remuneration and social security | 45 | €24,261 | €38,862 | +€14,601 | +60.2% |
| Taxes | 450/3 | €24,261 | €38,862 | +€14,601 | +60.2% |
| Other amounts payable | 47/48 | €43 | €2 | -€41 | -95.6% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100% |
| Non-recurring operating income | 76A | €50 | €8,107 | +€8,057 | +16,114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,960 | €10,932 | +€6,972 | +176% |
| Other operating charges | 640/8 | €1,367 | €1,636 | +€270 | +19.7% |
| Gross operating margin | 9900 | €63,085 | €83,158 | +€20,072 | +31.8% |
| Operating profit (loss) | 9901 | €57,758 | €70,589 | +€12,831 | +22.2% |
| Financial income | 75/76B | €25 | €14 | -€11 | -45.1% |
| Recurring financial income | 75 | €25 | €14 | -€11 | -45.1% |
| Financial charges | 65/66B | €550 | €2,632 | +€2,082 | +379% |
| Recurring financial charges | 65 | €550 | €2,632 | +€2,082 | +379% |
| Profit (loss) for the period before taxes | 9903 | €57,233 | €67,970 | +€10,737 | +18.8% |
| Income taxes | 67/77 | €11,941 | €15,011 | +€3,070 | +25.7% |
| Profit (loss) for the period | 9904 | €45,292 | €52,959 | +€7,668 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,292 | €52,959 | +€7,668 | +16.9% |
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 22 October 2026 via checked.be.