JURODE: 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.
What changed
JURODE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€268,788
2024 · -€82,495-€186,292
Equity
€1.0m
2024 · €1.3m-€268,788
Cash
€16,364
2024 · €103,368-€87,004
Balance sheet total
€3.6m
2024 · €3.7m-€96,124
Largest movements
Assets
- Receivables after one year +€383,500
up €383,500 (+41.3%), from €928,500 to €1.3m
- Financial fixed assets -€262,654
down €262,654 (-17.9%), from €1.5m to €1.2m
- Stocks and contracts -€141,755
down €141,755 (-12.7%), from €1.1m to €973,734
- Cash -€87,004
down €87,004 (-84.2%), from €103,368 to €16,364
mainly Receivables after one year (-€383,500) and Net result for the year (-€268,788)
Equity and liabilities
- Other debts +€352,010
up €352,010 (+9,730%), from €3,618 to €355,628
- Reserves -€268,788
down €268,788 (-38.1%), from €704,664 to €435,876
- Trade debts -€94,925
down €94,925 (-81.7%), from €116,135 to €21,209
- Short-term financial debts -€80,912
down €80,912 (-26.8%), from €302,270 to €221,358
Income statement
- Services and other goods -€266,287
no longer reported in 2025 (was €266,287)
- Financial charges +€264,720
up €264,720 (+3,199%), from €8,276 to €272,995
of which Non-recurring financial charges: +€262,654
- Turnover -€179,341
no longer reported in 2025 (was €179,341)
- Goods and materials -€21,976
no longer reported in 2025 (was €21,976)
of which Purchases: -€505,995
- Gross operating margin -€20,350
new in 2025: -€20,350
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
-€82,495
Turnover
-€179,341
Other operating income
-€3,066
Goods and materials
+€21,976
Services and other goods
+€266,287
Depreciation
+€427
Other operating charges
-€300
Other operating items
-€25,350
Financial income
-€2,410
Financial charges
-€264,720
Taxes
+€204
Result 2025
-€268,788
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€268,746
Investment
+€262,654
Financing
-€80,912
Cash 2024
€103,368
From operations (derived)
-€268,746
Net result for the year
-€268,788
Depreciation
+€676
Receivables after one year
-€383,500
Stocks and contracts
+€141,755
Receivables within one year
+€15,615
Deferred charges and accrued income
-€28,080
Trade debts
-€94,925
Tax, wage and social debts
-€3,053
Other debts
+€352,010
Accrued charges and deferred income
-€456
Investment (derived)
+€262,654
Investment in fixed assets (net)
+€262,654
Financing
-€80,912
Short-term financial debts
-€80,912
Cash 2025
€16,364
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,680,390 | €3,584,266 | -€96,124 | -2.6% |
| Fixed assets | 21/28 | €1,470,848 | €1,207,518 | -€263,330 | -17.9% |
| Tangible fixed assets | 22/27 | €3,029 | €2,353 | -€676 | -22.3% |
| Furniture and vehicles | 24 | €1,066 | €707 | -€360 | -33.7% |
| Other tangible fixed assets | 26 | €1,962 | €1,646 | -€316 | -16.1% |
| Financial fixed assets | 28 | €1,467,819 | €1,205,165 | -€262,654 | -17.9% |
| Affiliated companies | 280/1 | €1,467,819 | - | -€1.5m | |
| Participating interests | 280 | €1,467,819 | - | -€1.5m | |
| Current assets | 29/58 | €2,209,543 | €2,376,748 | +€167,205 | +7.6% |
| Amounts receivable after more than one year | 29 | €928,500 | €1,312,000 | +€383,500 | +41.3% |
| Other amounts receivable | 291 | €928,500 | €1,312,000 | +€383,500 | +41.3% |
| Stocks and contracts in progress | 3 | €1,115,489 | €973,734 | -€141,755 | -12.7% |
| Stocks | 30/36 | €1,115,489 | €973,734 | -€141,755 | -12.7% |
| Property held for sale | 35 | €1,115,489 | - | -€1.1m | |
| Amounts receivable within one year | 40/41 | €32,900 | €17,285 | -€15,615 | -47.5% |
| Trade receivables | 40 | €32,497 | €11,501 | -€20,996 | -64.6% |
| Other amounts receivable | 41 | €403 | €5,784 | +€5,381 | +1,335% |
| Cash at bank and in hand | 54/58 | €103,368 | €16,364 | -€87,004 | -84.2% |
| Deferred charges and accrued income | 490/1 | €29,285 | €57,365 | +€28,080 | +95.9% |
| Total equity and liabilities | 10/49 | €3,680,390 | €3,584,266 | -€96,124 | -2.6% |
| Equity | 10/15 | €1,302,344 | €1,033,556 | -€268,788 | -20.6% |
| Contributions | 10/11 | €597,680 | €597,680 | = | 0.0% |
| Reserves | 13 | €704,664 | €435,876 | -€268,788 | -38.1% |
| Distributable reserves | 133 | €704,664 | €435,876 | -€268,788 | -38.1% |
| Amounts payable | 17/49 | €2,378,047 | €2,550,710 | +€172,664 | +7.3% |
| Amounts payable after more than one year | 17 | €1,950,000 | €1,950,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,950,000 | €1,950,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €425,275 | €598,395 | +€173,120 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €302,270 | €221,358 | -€80,912 | -26.8% |
| Credit institutions | 430/8 | €302,270 | €221,358 | -€80,912 | -26.8% |
| Trade debts | 44 | €116,135 | €21,209 | -€94,925 | -81.7% |
| Suppliers | 440/4 | €116,135 | €21,209 | -€94,925 | -81.7% |
| Taxes, remuneration and social security | 45 | €3,253 | €200 | -€3,053 | -93.9% |
| Taxes | 450/3 | €3,253 | €200 | -€3,053 | -93.9% |
| Other amounts payable | 47/48 | €3,618 | €355,628 | +€352,010 | +9,730% |
| Accrued charges and deferred income | 492/3 | €2,771 | €2,315 | -€456 | -16.5% |
| Operating income | 70/76A | €187,407 | - | -€187,407 | |
| Turnover | 70 | €179,341 | - | -€179,341 | |
| Other operating income | 74 | €3,066 | - | -€3,066 | |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100% |
| Operating charges | 60/66A | €291,531 | - | -€291,531 | |
| Goods for resale, raw materials and consumables | 60 | €21,976 | - | -€21,976 | |
| Purchases | 600/8 | €505,995 | - | -€505,995 | |
| Change in stocks: decrease (increase) | 609 | -€484,018 | - | +€484,018 | |
| Services and other goods | 61 | €266,287 | - | -€266,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,103 | €676 | -€427 | -38.7% |
| Other operating charges | 640/8 | €2,165 | €2,464 | +€300 | +13.8% |
| Gross operating margin | 9900 | - | -€20,350 | -€20,350 | |
| Operating profit (loss) | 9901 | -€104,123 | -€23,490 | +€80,633 | +77.4% |
| Financial income | 75/76B | €30,220 | €27,810 | -€2,410 | -8.0% |
| Recurring financial income | 75 | €30,220 | €27,810 | -€2,410 | -8.0% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €30,214 | - | -€30,214 | |
| Other financial income | 752/9 | €5 | - | -€5 | |
| Financial charges | 65/66B | €8,276 | €272,995 | +€264,720 | +3,199% |
| Recurring financial charges | 65 | €8,276 | €10,341 | +€2,066 | +25.0% |
| Debt charges | 650 | €7,248 | - | -€7,248 | |
| Other financial charges | 652/9 | €1,028 | - | -€1,028 | |
| Non-recurring financial charges | 66B | - | €262,654 | +€262,654 | |
| Profit (loss) for the period before taxes | 9903 | -€82,179 | -€268,676 | -€186,497 | -227% |
| Income taxes | 67/77 | €316 | €112 | -€204 | -64.6% |
| Taxes | 670/3 | €321 | - | -€321 | |
| Tax adjustments and reversals of tax provisions | 77 | €5 | - | -€5 | |
| Profit (loss) for the period | 9904 | -€82,495 | -€268,788 | -€186,292 | -226% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,495 | -€268,788 | -€186,292 | -226% |
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 17 October 2026 via checked.be.