JURIM: 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.
JURIM
Largest movements
- Tangible fixed assets +€356,598
up €356,598 (+25.5%), from €1.4m to €1.8m
of which Land and buildings: +€356,746
- Cash -€24,412
down €24,412 (-82.1%), from €29,741 to €5,329
mainly Investment in fixed assets (net) (-€406,042) and Other debts (-€34,201)
- Debts after one year +€342,971
up €342,971 (+37.3%), from €919,470 to €1.3m
- Other debts -€34,201
down €34,201 (-77.4%), from €44,201 to €10,000
- Current portion of long-term debt +€17,836
up €17,836 (+37.3%), from €47,763 to €65,599
- Depreciation +€8,235
up €8,235 (+20.0%), from €41,209 to €49,444
- Gross operating margin -€7,595
down €7,595 (-8.2%), from €92,342 to €84,747
- Financial charges +€1,274
up €1,274 (+8.7%), from €14,587 to €15,861
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 | €1,431,905 | €1,766,469 | +€334,564 | +23.4% |
| Fixed assets | 21/28 | €1,400,212 | €1,756,809 | +€356,598 | +25.5% |
| Tangible fixed assets | 22/27 | €1,400,212 | €1,756,809 | +€356,598 | +25.5% |
| Land and buildings | 22 | €1,399,990 | €1,756,735 | +€356,746 | +25.5% |
| Furniture and vehicles | 24 | €222 | €74 | -€148 | -66.7% |
| Current assets | 29/58 | €31,693 | €9,659 | -€22,034 | -69.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,741 | €5,329 | -€24,412 | -82.1% |
| Deferred charges and accrued income | 490/1 | €1,952 | €4,330 | +€2,378 | +121.8% |
| Total equity and liabilities | 10/49 | €1,431,905 | €1,766,469 | +€334,564 | +23.4% |
| Equity | 10/15 | €414,282 | €423,727 | +€9,445 | +2.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €114,282 | €123,727 | +€9,445 | +8.3% |
| Non-distributable reserves | 130/1 | €30,863 | €30,863 | = | 0.0% |
| Legal reserve | 130 | €30,863 | €30,863 | = | 0.0% |
| Distributable reserves | 133 | €83,420 | €92,864 | +€9,445 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,017,622 | €1,342,741 | +€325,119 | +31.9% |
| Amounts payable after more than one year | 17 | €919,470 | €1,262,441 | +€342,971 | +37.3% |
| Financial debts | 170/4 | €919,470 | €1,262,441 | +€342,971 | +37.3% |
| Amounts payable within one year | 42/48 | €95,648 | €78,748 | -€16,900 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €47,763 | €65,599 | +€17,836 | +37.3% |
| Trade debts | 44 | €1,900 | €3,150 | +€1,250 | +65.8% |
| Suppliers | 440/4 | €1,900 | €3,150 | +€1,250 | +65.8% |
| Taxes, remuneration and social security | 45 | €1,785 | €0 | -€1,785 | -100.0% |
| Taxes | 450/3 | €1,785 | €0 | -€1,785 | -100.0% |
| Other amounts payable | 47/48 | €44,201 | €10,000 | -€34,201 | -77.4% |
| Accrued charges and deferred income | 492/3 | €2,504 | €1,552 | -€952 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,209 | €49,444 | +€8,235 | +20.0% |
| Other operating charges | 640/8 | €9,638 | €9,997 | +€358 | +3.7% |
| Gross operating margin | 9900 | €92,342 | €84,747 | -€7,595 | -8.2% |
| Operating profit (loss) | 9901 | €41,495 | €25,305 | -€16,189 | -39.0% |
| Financial charges | 65/66B | €14,587 | €15,861 | +€1,274 | +8.7% |
| Recurring financial charges | 65 | €14,587 | €15,861 | +€1,274 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €26,908 | €9,445 | -€17,463 | -64.9% |
| Profit (loss) for the period | 9904 | €26,908 | €9,445 | -€17,463 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,908 | €9,445 | -€17,463 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.