JUSHA: 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.
JUSHA
Largest movements
- Cash +€59,314
up €59,314 (+234.3%), from €25,321 to €84,635
mainly Net result for the year (+€37,672) and Receivables within one year (+€19,381)
- Receivables within one year -€19,381
down €19,381 (-52.8%), from €36,712 to €17,331
of which Trade receivables: -€19,381
- Profit (loss) carried forward +€27,012
no longer reported in 2025 (was -€27,012)
- Reserves +€10,660
up €10,660 (+23.0%), from €46,281 to €56,941
of which Distributable reserves: +€10,660
- Trade debts -€9,850
down €9,850 (-99.9%), from €9,862 to €12
- Tax, wage and social debts +€8,421
up €8,421 (+172.3%), from €4,888 to €13,309
- Other debts +€3,696
up €3,696 (+25.0%), from €14,754 to €18,449
- Gross operating margin +€41,548
up €41,548 (+1038.0%), from €4,003 to €45,551
- Taxes +€5,458
up €5,458 (+24109.7%), from €23 to €5,481
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 | €68,773 | €108,712 | +€39,938 | +58.1% |
| Fixed assets | 21/28 | €6,741 | €6,746 | +€5 | +0.1% |
| Tangible fixed assets | 22/27 | €6,741 | €6,746 | +€5 | +0.1% |
| Plant, machinery and equipment | 23 | €4,000 | €5,657 | +€1,657 | +41.4% |
| Furniture and vehicles | 24 | €2,741 | €1,089 | -€1,652 | -60.3% |
| Current assets | 29/58 | €62,032 | €101,966 | +€39,933 | +64.4% |
| Amounts receivable within one year | 40/41 | €36,712 | €17,331 | -€19,381 | -52.8% |
| Trade receivables | 40 | €34,712 | €15,331 | -€19,381 | -55.8% |
| Other amounts receivable | 41 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,321 | €84,635 | +€59,314 | +234.3% |
| Total equity and liabilities | 10/49 | €68,773 | €108,712 | +€39,938 | +58.1% |
| Equity | 10/15 | €39,269 | €76,941 | +€37,672 | +95.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,281 | €56,941 | +€10,660 | +23.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €44,281 | €54,941 | +€10,660 | +24.1% |
| Profit (loss) carried forward | 14 | -€27,012 | - | +€27,012 | |
| Amounts payable | 17/49 | €29,504 | €31,771 | +€2,267 | +7.7% |
| Amounts payable within one year | 42/48 | €29,504 | €31,771 | +€2,267 | +7.7% |
| Trade debts | 44 | €9,862 | €12 | -€9,850 | -99.9% |
| Suppliers | 440/4 | €9,862 | €12 | -€9,850 | -99.9% |
| Taxes, remuneration and social security | 45 | €4,888 | €13,309 | +€8,421 | +172.3% |
| Taxes | 450/3 | €4,888 | €13,309 | +€8,421 | +172.3% |
| Other amounts payable | 47/48 | €14,754 | €18,449 | +€3,696 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,659 | €1,655 | -€4 | -0.2% |
| Other operating charges | 640/8 | €277 | €513 | +€236 | +85.2% |
| Gross operating margin | 9900 | €4,003 | €45,551 | +€41,548 | +1038.0% |
| Operating profit (loss) | 9901 | €2,067 | €43,382 | +€41,315 | +1999.0% |
| Financial charges | 65/66B | €121 | €229 | +€109 | +90.0% |
| Recurring financial charges | 65 | €121 | €229 | +€109 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €1,946 | €43,153 | +€41,207 | +2117.4% |
| Income taxes | 67/77 | €23 | €5,481 | +€5,458 | +24109.7% |
| Profit (loss) for the period | 9904 | €1,923 | €37,672 | +€35,748 | +1858.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,923 | €37,672 | +€35,748 | +1858.5% |
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.