JURSOF: 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.
JURSOF
Largest movements
- Tangible fixed assets -€47,598
down €47,598 (-5.2%), from €913,605 to €866,007
of which Land and buildings: -€46,748
- Debts after one year -€56,768
down €56,768 (-13.8%), from €412,329 to €355,561
- Current portion of long-term debt -€38,511
down €38,511 (-64.8%), from €59,389 to €20,878
- Reserves +€25,245
up €25,245 (+175.3%), from €14,403 to €39,649
- Tax, wage and social debts +€11,000
new in 2025: €11,000
- Taxes +€12,693
up €12,693 (+4539.3%), from €280 to €12,973
- Financial charges -€4,605
down €4,605 (-22.1%), from €20,822 to €16,217
- Gross operating margin -€4,030
down €4,030 (-3.2%), from €126,706 to €122,676
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 | €958,568 | €901,158 | -€57,410 | -6.0% |
| Fixed assets | 21/28 | €913,645 | €866,047 | -€47,598 | -5.2% |
| Tangible fixed assets | 22/27 | €913,605 | €866,007 | -€47,598 | -5.2% |
| Land and buildings | 22 | €903,730 | €856,981 | -€46,748 | -5.2% |
| Plant, machinery and equipment | 23 | €9,876 | €5,304 | -€4,571 | -46.3% |
| Furniture and vehicles | 24 | - | €3,721 | +€3,721 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €44,923 | €35,111 | -€9,812 | -21.8% |
| Stocks and contracts in progress | 3 | €6,045 | €6,229 | +€185 | +3.1% |
| Stocks | 30/36 | €6,045 | €6,229 | +€185 | +3.1% |
| Amounts receivable within one year | 40/41 | €19,561 | €12,301 | -€7,260 | -37.1% |
| Trade receivables | 40 | €3,140 | - | -€3,140 | |
| Other amounts receivable | 41 | €16,421 | €12,301 | -€4,120 | -25.1% |
| Cash at bank and in hand | 54/58 | €18,057 | €12,903 | -€5,155 | -28.5% |
| Deferred charges and accrued income | 490/1 | €1,259 | €3,678 | +€2,418 | +192.0% |
| Total equity and liabilities | 10/49 | €958,568 | €901,158 | -€57,410 | -6.0% |
| Equity | 10/15 | €439,403 | €464,649 | +€25,245 | +5.7% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €14,403 | €39,649 | +€25,245 | +175.3% |
| Distributable reserves | 133 | €14,403 | €39,649 | +€25,245 | +175.3% |
| Amounts payable | 17/49 | €519,165 | €436,510 | -€82,655 | -15.9% |
| Amounts payable after more than one year | 17 | €412,329 | €355,561 | -€56,768 | -13.8% |
| Financial debts | 170/4 | €412,329 | €355,561 | -€56,768 | -13.8% |
| Amounts payable within one year | 42/48 | €106,835 | €80,949 | -€25,887 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €59,389 | €20,878 | -€38,511 | -64.8% |
| Trade debts | 44 | €5,205 | €8,129 | +€2,924 | +56.2% |
| Suppliers | 440/4 | €5,205 | €8,129 | +€2,924 | +56.2% |
| Taxes, remuneration and social security | 45 | - | €11,000 | +€11,000 | |
| Taxes | 450/3 | - | €11,000 | +€11,000 | |
| Other amounts payable | 47/48 | €42,241 | €40,941 | -€1,300 | -3.1% |
| Remuneration, social security and pensions | 62 | €130 | €130 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,901 | €52,598 | +€697 | +1.3% |
| Other operating charges | 640/8 | €14,949 | €15,513 | +€564 | +3.8% |
| Gross operating margin | 9900 | €126,706 | €122,676 | -€4,030 | -3.2% |
| Operating profit (loss) | 9901 | €59,725 | €54,434 | -€5,291 | -8.9% |
| Financial income | 75/76B | €5 | €1 | -€5 | -86.9% |
| Recurring financial income | 75 | €5 | €1 | -€5 | -86.9% |
| Financial charges | 65/66B | €20,822 | €16,217 | -€4,605 | -22.1% |
| Recurring financial charges | 65 | €20,822 | €16,217 | -€4,605 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €38,908 | €38,218 | -€690 | -1.8% |
| Income taxes | 67/77 | €280 | €12,973 | +€12,693 | +4539.3% |
| Profit (loss) for the period | 9904 | €38,629 | €25,245 | -€13,383 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,629 | €25,245 | -€13,383 | -34.6% |
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 7 October 2026 via checked.be.