JUNOCO: 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.
What changed
JUNOCO
NACE 46.425, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · -€255,988+€2.2m
Equity
€14.3m
2024 · €12.4m+€1.9m
Cash
€437,412
2024 · €396,848+€40,564
Balance sheet total
€16.8m
2024 · €14.6m+€2.1m
Largest movements
Assets
- Current investments +€4.0m
up €4.0m (+45.3%), from €8.8m to €12.8m
- Tangible fixed assets -€2.1m
down €2.1m (-54.6%), from €3.9m to €1.8m
of which Other tangible fixed assets: -€2.0m
Equity and liabilities
- Reserves +€1.9m
up €1.9m (+15.7%), from €12.3m to €14.3m
of which Tax-exempt reserves: +€1.1m
- Provisions +€364,017
new in 2025: €364,017
- Other debts -€284,114
down €284,114 (-98.6%), from €288,126 to €4,012
- Trade debts +€197,106
up €197,106 (+147.8%), from €133,392 to €330,498
Income statement
- Financial income +€2.0m
up €2.0m (+875.3%), from €232,148 to €2.3m
of which Non-recurring financial income: +€1.6m
- Gross operating margin +€741,240
up €741,240, from -€92,113 to €649,127
- Taxes +€246,273
up €246,273 (+8777.9%), from €2,806 to €249,078
- Depreciation -€71,840
down €71,840 (-26.0%), from €276,201 to €204,360
- Financial charges +€39,448
up €39,448 (+45.8%), from €86,149 to €125,598
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
-€255,988
Gross operating margin
+€741,240
Depreciation
+€71,840
Write-downs
-€11,664
Other operating charges
+€15,009
Other operating items
-€11,775
Financial income
+€2.0m
Financial charges
-€39,448
Taxes
-€246,273
Deferred taxes and other
-€364,017
Result 2025
€1.9m
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.
From operations
+€2.2m
Investment
-€2.0m
Financing
-€110,546
Cash 2024
€396,848
From operations (derived)
+€2.2m
Net result for the year
+€1.9m
Depreciation
+€204,360
Receivables within one year
-€141,821
Deferred charges and accrued income
-€100,542
Provisions
+€364,017
Trade debts
+€197,106
Tax, wage and social debts
+€37,800
Other debts
-€284,114
Accrued charges and deferred income
-€14,892
Investment (derived)
-€2.0m
Investment in fixed assets (net)
+€1.9m
Current investments
-€4.0m
Financing
-€110,546
Debts after one year
-€111,803
Current portion of long-term debt
+€4,686
Short-term financial debts
-€3,428
Cash 2025
€437,412
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,642,349 | €16,762,739 | +€2.1m | +14.5% |
| Fixed assets | 21/28 | €3,937,130 | €1,787,410 | -€2.1m | -54.6% |
| Tangible fixed assets | 22/27 | €3,937,130 | €1,787,410 | -€2.1m | -54.6% |
| Land and buildings | 22 | €407,245 | €385,270 | -€21,976 | -5.4% |
| Plant, machinery and equipment | 23 | €4,815 | €1,808 | -€3,006 | -62.4% |
| Furniture and vehicles | 24 | €452,802 | €298,984 | -€153,818 | -34.0% |
| Other tangible fixed assets | 26 | €3,072,268 | €1,101,347 | -€2.0m | -64.2% |
| Current assets | 29/58 | €10,705,219 | €14,975,329 | +€4.3m | +39.9% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,470,193 | €1,612,014 | +€141,821 | +9.6% |
| Trade receivables | 40 | €1,178,075 | €1,432,486 | +€254,411 | +21.6% |
| Other amounts receivable | 41 | €292,118 | €179,528 | -€112,590 | -38.5% |
| Current investments | 50/53 | €8,793,293 | €12,780,475 | +€4.0m | +45.3% |
| Cash at bank and in hand | 54/58 | €396,848 | €437,412 | +€40,564 | +10.2% |
| Deferred charges and accrued income | 490/1 | €39,885 | €140,427 | +€100,542 | +252.1% |
| Total equity and liabilities | 10/49 | €14,642,349 | €16,762,739 | +€2.1m | +14.5% |
| Equity | 10/15 | €12,383,627 | €14,314,645 | +€1.9m | +15.6% |
| 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% |
| Reserves | 13 | €12,321,627 | €14,252,645 | +€1.9m | +15.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €1,092,051 | +€1.1m | |
| Distributable reserves | 133 | €12,315,427 | €13,154,394 | +€838,968 | +6.8% |
| Provisions and deferred taxes | 16 | - | €364,017 | +€364,017 | |
| Deferred taxes | 168 | - | €364,017 | +€364,017 | |
| Amounts payable | 17/49 | €2,258,722 | €2,084,076 | -€174,646 | -7.7% |
| Amounts payable after more than one year | 17 | €218,538 | €106,735 | -€111,803 | -51.2% |
| Financial debts | 170/4 | €217,973 | €106,170 | -€111,803 | -51.3% |
| Other amounts payable | 178/9 | €565 | €565 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,993,636 | €1,945,685 | -€47,950 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €107,117 | €111,803 | +€4,686 | +4.4% |
| Financial debts | 43 | €1,465,000 | €1,461,572 | -€3,428 | -0.2% |
| Credit institutions | 430/8 | €1,465,000 | €1,461,572 | -€3,428 | -0.2% |
| Trade debts | 44 | €133,392 | €330,498 | +€197,106 | +147.8% |
| Suppliers | 440/4 | €133,392 | €330,498 | +€197,106 | +147.8% |
| Taxes, remuneration and social security | 45 | - | €37,800 | +€37,800 | |
| Taxes | 450/3 | - | €37,800 | +€37,800 | |
| Other amounts payable | 47/48 | €288,126 | €4,012 | -€284,114 | -98.6% |
| Accrued charges and deferred income | 492/3 | €46,548 | €31,656 | -€14,892 | -32.0% |
| Non-recurring operating income | 76A | €28,843 | €62,968 | +€34,125 | +118.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,201 | €204,360 | -€71,840 | -26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,129 | €13,793 | +€11,664 | +547.9% |
| Other operating charges | 640/8 | €28,739 | €13,729 | -€15,009 | -52.2% |
| Non-recurring operating charges | 66A | - | €11,775 | +€11,775 | |
| Gross operating margin | 9900 | -€92,113 | €649,127 | +€741,240 | |
| Operating profit (loss) | 9901 | -€399,181 | €405,470 | +€804,651 | |
| Financial income | 75/76B | €232,148 | €2,264,241 | +€2.0m | +875.3% |
| Recurring financial income | 75 | €232,148 | €689,504 | +€457,356 | +197.0% |
| Non-recurring financial income | 76B | - | €1,574,737 | +€1.6m | |
| Financial charges | 65/66B | €86,149 | €125,598 | +€39,448 | +45.8% |
| Recurring financial charges | 65 | €86,149 | €125,598 | +€39,448 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | -€253,182 | €2,544,114 | +€2.8m | |
| Transfer to deferred taxes | 680 | - | €364,017 | +€364,017 | |
| Income taxes | 67/77 | €2,806 | €249,078 | +€246,273 | +8777.9% |
| Profit (loss) for the period | 9904 | -€255,988 | €1,931,019 | +€2.2m | |
| Transfer to tax-exempt reserves | 689 | - | €1,092,051 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€255,988 | €838,968 | +€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.