JUSCHA: 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.
JUSCHA
Largest movements
- Stocks and contracts -€30,998
down €30,998 (-23.7%), from €131,004 to €100,006
of which Stocks: -€34,998
- Receivables within one year +€9,358
up €9,358 (+15.6%), from €59,965 to €69,324
of which Trade receivables: +€9,428
- Deferred charges and accrued income -€7,578
down €7,578 (-25.0%), from €30,325 to €22,747
- Tangible fixed assets +€6,704
up €6,704 (+28.4%), from €23,574 to €30,278
of which Plant, machinery and equipment: +€5,015
- Cash -€5,836
down €5,836 (-16.2%), from €35,926 to €30,090
mainly Other debts (-€17,652) and Investment in fixed assets (net) (-€16,363)
- Other debts -€17,652
down €17,652 (-15.1%), from €117,248 to €99,596
- Trade debts -€13,331
down €13,331 (-47.9%), from €27,817 to €14,485
- Gross operating margin -€21,769
down €21,769 (-52.3%), from €41,658 to €19,889
- Taxes -€10,872
down €10,872 (-75.9%), from €14,328 to €3,456
- Depreciation +€4,016
up €4,016 (+71.2%), from €5,643 to €9,659
- Financial charges +€3,267
up €3,267 (+358.5%), from €911 to €4,178
- Other operating charges +€455
up €455 (+23.1%), from €1,974 to €2,429
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 | €280,795 | €252,444 | -€28,351 | -10.1% |
| Fixed assets | 21/28 | €23,574 | €30,278 | +€6,704 | +28.4% |
| Tangible fixed assets | 22/27 | €23,574 | €30,278 | +€6,704 | +28.4% |
| Plant, machinery and equipment | 23 | €11,805 | €16,820 | +€5,015 | +42.5% |
| Furniture and vehicles | 24 | €11,768 | €13,458 | +€1,689 | +14.4% |
| Current assets | 29/58 | €257,221 | €222,166 | -€35,055 | -13.6% |
| Stocks and contracts in progress | 3 | €131,004 | €100,006 | -€30,998 | -23.7% |
| Stocks | 30/36 | €131,004 | €96,006 | -€34,998 | -26.7% |
| Contracts in progress | 37 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €59,965 | €69,324 | +€9,358 | +15.6% |
| Trade receivables | 40 | €54,162 | €63,590 | +€9,428 | +17.4% |
| Other amounts receivable | 41 | €5,803 | €5,734 | -€70 | -1.2% |
| Cash at bank and in hand | 54/58 | €35,926 | €30,090 | -€5,836 | -16.2% |
| Deferred charges and accrued income | 490/1 | €30,325 | €22,747 | -€7,578 | -25.0% |
| Total equity and liabilities | 10/49 | €280,795 | €252,444 | -€28,351 | -10.1% |
| Equity | 10/15 | €132,209 | €132,746 | +€537 | +0.4% |
| Contributions | 10/11 | €61,600 | €61,600 | = | 0.0% |
| Reserves | 13 | €70,609 | €71,146 | +€537 | +0.8% |
| Distributable reserves | 133 | €70,609 | €71,146 | +€537 | +0.8% |
| Amounts payable | 17/49 | €148,585 | €119,698 | -€28,887 | -19.4% |
| Amounts payable within one year | 42/48 | €148,585 | €119,698 | -€28,887 | -19.4% |
| Trade debts | 44 | €27,817 | €14,485 | -€13,331 | -47.9% |
| Suppliers | 440/4 | €27,817 | €14,485 | -€13,331 | -47.9% |
| Taxes, remuneration and social security | 45 | €3,521 | €5,618 | +€2,097 | +59.5% |
| Taxes | 450/3 | €3,521 | €5,618 | +€2,097 | +59.5% |
| Other amounts payable | 47/48 | €117,248 | €99,596 | -€17,652 | -15.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,643 | €9,659 | +€4,016 | +71.2% |
| Other operating charges | 640/8 | €1,974 | €2,429 | +€455 | +23.1% |
| Gross operating margin | 9900 | €41,658 | €19,889 | -€21,769 | -52.3% |
| Operating profit (loss) | 9901 | €34,041 | €7,800 | -€26,241 | -77.1% |
| Financial income | 75/76B | €124 | €371 | +€247 | +200.0% |
| Recurring financial income | 75 | €124 | €371 | +€247 | +200.0% |
| Financial charges | 65/66B | €911 | €4,178 | +€3,267 | +358.5% |
| Recurring financial charges | 65 | €911 | €4,178 | +€3,267 | +358.5% |
| Profit (loss) for the period before taxes | 9903 | €33,253 | €3,993 | -€29,261 | -88.0% |
| Income taxes | 67/77 | €14,328 | €3,456 | -€10,872 | -75.9% |
| Profit (loss) for the period | 9904 | €18,925 | €537 | -€18,389 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,925 | €537 | -€18,389 | -97.2% |
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 5 October 2026 via checked.be.