JUNOT: 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.
JUNOT
Largest movements
- Receivables within one year -€323,328
down €323,328 (-29.1%), from €1.1m to €787,055
of which Other amounts receivable: -€324,953
- Cash +€209,979
up €209,979 (+32.4%), from €647,711 to €857,690
mainly Receivables within one year (+€323,328) and Depreciation (+€219,368)
- Receivables after one year +€167,500
up €167,500 (+19.0%), from €880,000 to €1.0m
- Tangible fixed assets -€151,015
down €151,015 (-2.4%), from €6.2m to €6.1m
of which Land and buildings: -€199,634
- Debts after one year -€255,657
down €255,657 (-8.9%), from €2.9m to €2.6m
of which Financial debts: -€255,657
- Reserves +€187,103
up €187,103 (+4.7%), from €4.0m to €4.2m
of which Distributable reserves: +€524,241
- Tax, wage and social debts +€122,213
up €122,213 (+128%), from €95,232 to €217,445
- Provisions -€112,379
down €112,379 (-100%), from €112,379 to €0
- Gross operating margin -€136,457
down €136,457 (-16.5%), from €825,777 to €689,319
- Taxes +€112,013
up €112,013 (+80.4%), from €139,283 to €251,296
- Depreciation -€40,112
down €40,112 (-15.5%), from €259,480 to €219,368
- Other operating charges +€21,206
up €21,206 (+33.0%), from €64,330 to €85,535
- Financial charges -€11,137
down €11,137 (-15.0%), from €74,436 to €63,299
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 | €10,990,444 | €10,891,877 | -€98,567 | -0.9% |
| Fixed assets | 21/28 | €8,350,097 | €8,199,082 | -€151,015 | -1.8% |
| Tangible fixed assets | 22/27 | €6,226,084 | €6,075,069 | -€151,015 | -2.4% |
| Land and buildings | 22 | €5,851,035 | €5,651,401 | -€199,634 | -3.4% |
| Plant, machinery and equipment | 23 | €375,049 | €373,781 | -€1,268 | -0.3% |
| Furniture and vehicles | 24 | - | €49,887 | +€49,887 | |
| Financial fixed assets | 28 | €2,124,013 | €2,124,013 | = | 0.0% |
| Current assets | 29/58 | €2,640,347 | €2,692,795 | +€52,448 | +2.0% |
| Amounts receivable after more than one year | 29 | €880,000 | €1,047,500 | +€167,500 | +19.0% |
| Other amounts receivable | 291 | €880,000 | €1,047,500 | +€167,500 | +19.0% |
| Amounts receivable within one year | 40/41 | €1,110,383 | €787,055 | -€323,328 | -29.1% |
| Trade receivables | 40 | €3,277 | €4,902 | +€1,625 | +49.6% |
| Other amounts receivable | 41 | €1,107,106 | €782,153 | -€324,953 | -29.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €647,711 | €857,690 | +€209,979 | +32.4% |
| Deferred charges and accrued income | 490/1 | €2,253 | €550 | -€1,703 | -75.6% |
| Total equity and liabilities | 10/49 | €10,990,444 | €10,891,877 | -€98,567 | -0.9% |
| Equity | 10/15 | €7,540,365 | €7,727,468 | +€187,103 | +2.5% |
| Contributions | 10/11 | €3,530,000 | €3,530,000 | = | 0.0% |
| Capital | 10 | €3,530,000 | €3,530,000 | = | 0.0% |
| Issued capital | 100 | €3,530,000 | €3,530,000 | = | 0.0% |
| Reserves | 13 | €4,010,365 | €4,197,468 | +€187,103 | +4.7% |
| Non-distributable reserves | 130/1 | €352,000 | €352,000 | = | 0.0% |
| Legal reserve | 130 | €352,000 | €352,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €337,138 | €0 | -€337,138 | -100% |
| Distributable reserves | 133 | €3,321,227 | €3,845,468 | +€524,241 | +15.8% |
| Provisions and deferred taxes | 16 | €112,379 | €0 | -€112,379 | -100% |
| Deferred taxes | 168 | €112,379 | €0 | -€112,379 | -100% |
| Amounts payable | 17/49 | €3,337,700 | €3,164,409 | -€173,291 | -5.2% |
| Amounts payable after more than one year | 17 | €2,882,737 | €2,627,080 | -€255,657 | -8.9% |
| Financial debts | 170/4 | €2,882,737 | €2,627,080 | -€255,657 | -8.9% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €430,033 | €512,399 | +€82,366 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €283,934 | €255,657 | -€28,277 | -10.0% |
| Trade debts | 44 | €12,281 | €1,513 | -€10,768 | -87.7% |
| Suppliers | 440/4 | €12,281 | €1,513 | -€10,768 | -87.7% |
| Taxes, remuneration and social security | 45 | €95,232 | €217,445 | +€122,213 | +128% |
| Taxes | 450/3 | €95,232 | €217,445 | +€122,213 | +128% |
| Other amounts payable | 47/48 | €38,586 | €37,784 | -€802 | -2.1% |
| Accrued charges and deferred income | 492/3 | €24,930 | €24,930 | = | 0.0% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,480 | €219,368 | -€40,112 | -15.5% |
| Other operating charges | 640/8 | €64,330 | €85,535 | +€21,206 | +33.0% |
| Non-recurring operating charges | 66A | €740 | €0 | -€740 | -100% |
| Gross operating margin | 9900 | €825,777 | €689,319 | -€136,457 | -16.5% |
| Operating profit (loss) | 9901 | €501,227 | €384,416 | -€116,811 | -23.3% |
| Financial income | 75/76B | €2,378 | €4,902 | +€2,524 | +106% |
| Recurring financial income | 75 | €2,378 | €4,902 | +€2,524 | +106% |
| Financial charges | 65/66B | €74,436 | €63,299 | -€11,137 | -15.0% |
| Recurring financial charges | 65 | €74,436 | €63,299 | -€11,137 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €429,169 | €326,020 | -€103,149 | -24.0% |
| Transfer from deferred taxes | 780 | - | €112,379 | +€112,379 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €139,283 | €251,296 | +€112,013 | +80.4% |
| Profit (loss) for the period | 9904 | €289,886 | €187,103 | -€102,783 | -35.5% |
| Transfer from tax-exempt reserves | 789 | - | €337,138 | +€337,138 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €289,886 | €524,241 | +€234,355 | +80.8% |
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 14 October 2026 via checked.be.