JusRé: 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.
JusRé
Largest movements
- Receivables within one year -€59,050
down €59,050 (-35.0%), from €168,826 to €109,776
of which Trade receivables: -€49,831
- Tangible fixed assets -€51,338
down €51,338 (-22.1%), from €232,724 to €181,386
of which Other tangible fixed assets: -€47,635
- Cash +€21,654
up €21,654 (+168.2%), from €12,871 to €34,526
mainly Depreciation (+€93,359) and Receivables within one year (+€59,050)
- Stocks and contracts +€19,575
up €19,575 (+23.8%), from €82,083 to €101,658
- Trade debts -€114,199
down €114,199 (-54.4%), from €209,836 to €95,637
- Debts after one year +€34,465
up €34,465 (+28.1%), from €122,650 to €157,115
- Tax, wage and social debts +€8,105
up €8,105 (+30.8%), from €26,301 to €34,406
of which Taxes: +€8,453
- Reserves +€5,473
up €5,473 (+6.2%), from €87,810 to €93,283
- Gross operating margin +€111,483
up €111,483 (+40.2%), from €277,301 to €388,784
- Staff costs +€17,074
up €17,074 (+6.6%), from €260,174 to €277,248
- Other operating charges -€9,591
down €9,591 (-58.1%), from €16,513 to €6,922
- Depreciation -€4,375
down €4,375 (-4.5%), from €97,735 to €93,359
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 | €507,915 | €442,927 | -€64,988 | -12.8% |
| Fixed assets | 21/28 | €237,753 | €189,203 | -€48,550 | -20.4% |
| Intangible fixed assets | 21 | €1,509 | €4,298 | +€2,788 | +184.7% |
| Tangible fixed assets | 22/27 | €232,724 | €181,386 | -€51,338 | -22.1% |
| Plant, machinery and equipment | 23 | €24,532 | €12,704 | -€11,828 | -48.2% |
| Furniture and vehicles | 24 | €54,946 | €38,478 | -€16,468 | -30.0% |
| Leasing and similar rights | 25 | €9,711 | €34,304 | +€24,592 | +253.2% |
| Other tangible fixed assets | 26 | €143,535 | €95,900 | -€47,635 | -33.2% |
| Financial fixed assets | 28 | €3,520 | €3,520 | = | 0.0% |
| Current assets | 29/58 | €270,162 | €253,724 | -€16,438 | -6.1% |
| Stocks and contracts in progress | 3 | €82,083 | €101,658 | +€19,575 | +23.8% |
| Stocks | 30/36 | €82,083 | €101,658 | +€19,575 | +23.8% |
| Amounts receivable within one year | 40/41 | €168,826 | €109,776 | -€59,050 | -35.0% |
| Trade receivables | 40 | €144,588 | €94,757 | -€49,831 | -34.5% |
| Other amounts receivable | 41 | €24,237 | €15,019 | -€9,219 | -38.0% |
| Cash at bank and in hand | 54/58 | €12,871 | €34,526 | +€21,654 | +168.2% |
| Deferred charges and accrued income | 490/1 | €6,382 | €7,764 | +€1,382 | +21.7% |
| Total equity and liabilities | 10/49 | €507,915 | €442,927 | -€64,988 | -12.8% |
| Equity | 10/15 | €106,410 | €111,883 | +€5,473 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,810 | €93,283 | +€5,473 | +6.2% |
| Distributable reserves | 133 | €87,810 | €93,283 | +€5,473 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €401,505 | €331,044 | -€70,461 | -17.5% |
| Amounts payable after more than one year | 17 | €122,650 | €157,115 | +€34,465 | +28.1% |
| Financial debts | 170/4 | €122,650 | €157,115 | +€34,465 | +28.1% |
| Amounts payable within one year | 42/48 | €278,855 | €173,395 | -€105,461 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €42,718 | €43,351 | +€633 | +1.5% |
| Trade debts | 44 | €209,836 | €95,637 | -€114,199 | -54.4% |
| Suppliers | 440/4 | €209,836 | €95,637 | -€114,199 | -54.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,301 | €34,406 | +€8,105 | +30.8% |
| Taxes | 450/3 | €1,170 | €9,622 | +€8,453 | +722.7% |
| Remuneration and social security | 454/9 | €25,132 | €24,784 | -€348 | -1.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €534 | +€534 | |
| Remuneration, social security and pensions | 62 | €260,174 | €277,248 | +€17,074 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,735 | €93,359 | -€4,375 | -4.5% |
| Other operating charges | 640/8 | €16,513 | €6,922 | -€9,591 | -58.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €277,301 | €388,784 | +€111,483 | +40.2% |
| Operating profit (loss) | 9901 | -€97,122 | €11,254 | +€108,376 | |
| Financial income | 75/76B | €295 | €804 | +€509 | +172.3% |
| Recurring financial income | 75 | €295 | €804 | +€509 | +172.3% |
| Financial charges | 65/66B | €6,560 | €6,194 | -€366 | -5.6% |
| Recurring financial charges | 65 | €6,560 | €6,194 | -€366 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€103,386 | €5,864 | +€109,250 | |
| Income taxes | 67/77 | €392 | €391 | -€2 | -0.5% |
| Profit (loss) for the period | 9904 | -€103,779 | €5,473 | +€109,252 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,779 | €5,473 | +€109,252 |
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.