JURBIM: 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.
JURBIM
Largest movements
- Tangible fixed assets +€459,433
up €459,433 (+68.9%), from €666,814 to €1.1m
of which Assets under construction and advance payments: +€474,592
- Cash -€92,231
down €92,231 (-70.4%), from €131,098 to €38,866
mainly Investment in fixed assets (net) (-€474,592) and Receivables within one year (-€34,732)
- Receivables within one year +€34,732
up €34,732 (+321.5%), from €10,804 to €45,537
- Intangible fixed assets -€29,074
down €29,074 (-6.5%), from €450,648 to €421,574
- Debts after one year +€329,114
up €329,114 (+38.5%), from €854,909 to €1.2m
- Other debts +€78,757
up €78,757 (+63.5%), from €123,990 to €202,747
- Reserves -€24,232
down €24,232 (-4.7%), from €518,748 to €494,516
of which Tax-exempt reserves: -€24,232
- Gross operating margin +€23,118
up €23,118 (+135.4%), from €17,072 to €40,190
- Other operating charges +€6,972
up €6,972 (+207.0%), from €3,368 to €10,340
- Depreciation -€3,850
down €3,850 (-8.0%), from €48,084 to €44,234
- Taxes +€2,567
new in 2025: €2,567
- Financial charges -€1,645
down €1,645 (-7.7%), from €21,263 to €19,617
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 | €1,262,498 | €1,635,378 | +€372,880 | +29.5% |
| Fixed assets | 21/28 | €1,117,462 | €1,547,821 | +€430,359 | +38.5% |
| Intangible fixed assets | 21 | €450,648 | €421,574 | -€29,074 | -6.5% |
| Tangible fixed assets | 22/27 | €666,814 | €1,126,247 | +€459,433 | +68.9% |
| Land and buildings | 22 | €593,035 | €577,875 | -€15,160 | -2.6% |
| Assets under construction and advance payments | 27 | €73,779 | €548,371 | +€474,592 | +643.3% |
| Current assets | 29/58 | €145,035 | €87,557 | -€57,479 | -39.6% |
| Amounts receivable within one year | 40/41 | €10,804 | €45,537 | +€34,732 | +321.5% |
| Other amounts receivable | 41 | €10,804 | €45,537 | +€34,732 | +321.5% |
| Cash at bank and in hand | 54/58 | €131,098 | €38,866 | -€92,231 | -70.4% |
| Deferred charges and accrued income | 490/1 | €3,133 | €3,154 | +€21 | +0.7% |
| Total equity and liabilities | 10/49 | €1,262,498 | €1,635,378 | +€372,880 | +29.5% |
| Equity | 10/15 | €74,945 | €47,588 | -€27,357 | -36.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €518,748 | €494,516 | -€24,232 | -4.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €512,550 | €488,319 | -€24,232 | -4.7% |
| Profit (loss) carried forward | 14 | -€505,776 | -€508,901 | -€3,125 | -0.6% |
| Provisions and deferred taxes | 16 | €170,850 | €162,773 | -€8,077 | -4.7% |
| Deferred taxes | 168 | €170,850 | €162,773 | -€8,077 | -4.7% |
| Amounts payable | 17/49 | €1,016,703 | €1,425,017 | +€408,314 | +40.2% |
| Amounts payable after more than one year | 17 | €854,909 | €1,184,023 | +€329,114 | +38.5% |
| Financial debts | 170/4 | €854,909 | €1,184,023 | +€329,114 | +38.5% |
| Amounts payable within one year | 42/48 | €161,794 | €240,994 | +€79,200 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €36,387 | €37,054 | +€667 | +1.8% |
| Trade debts | 44 | €1,417 | €1,193 | -€224 | -15.8% |
| Suppliers | 440/4 | €1,417 | €1,193 | -€224 | -15.8% |
| Other amounts payable | 47/48 | €123,990 | €202,747 | +€78,757 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,084 | €44,234 | -€3,850 | -8.0% |
| Other operating charges | 640/8 | €3,368 | €10,340 | +€6,972 | +207.0% |
| Gross operating margin | 9900 | €17,072 | €40,190 | +€23,118 | +135.4% |
| Operating profit (loss) | 9901 | -€34,380 | -€14,384 | +€19,996 | +58.2% |
| Financial income | 75/76B | €2,329 | €1,134 | -€1,195 | -51.3% |
| Recurring financial income | 75 | €2,329 | €1,134 | -€1,195 | -51.3% |
| Financial charges | 65/66B | €21,263 | €19,617 | -€1,645 | -7.7% |
| Recurring financial charges | 65 | €21,263 | €19,617 | -€1,645 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,314 | -€32,868 | +€20,446 | +38.4% |
| Transfer from deferred taxes | 780 | €10,982 | €8,077 | -€2,905 | -26.4% |
| Income taxes | 67/77 | - | €2,567 | +€2,567 | |
| Profit (loss) for the period | 9904 | -€42,332 | -€27,357 | +€14,975 | +35.4% |
| Transfer from tax-exempt reserves | 789 | €21,327 | €24,232 | +€2,905 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,005 | -€3,125 | +€17,879 | +85.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.