JUST - BENELUX: 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.
JUST - BENELUX
Largest movements
- Receivables within one year -€43,417
down €43,417 (-54.6%), from €79,458 to €36,042
of which Trade receivables: -€35,422
- Current investments +€29,604
up €29,604 (+96.9%), from €30,548 to €60,153
- Stocks and contracts -€13,082
down €13,082 (-19.0%), from €69,012 to €55,930
- Tangible fixed assets -€4,809
down €4,809 (-21.7%), from €22,173 to €17,364
- Other debts -€63,544
down €63,544 (-53.6%), from €118,544 to €55,000
- Profit (loss) carried forward +€48,326
up €48,326, from -€10,811 to €37,515
- Trade debts -€11,924
down €11,924 (-83.6%), from €14,266 to €2,342
- Tax, wage and social debts -€2,713
down €2,713 (-5.4%), from €50,442 to €47,729
of which Taxes: -€12,789
- Contributions +€2,500
up €2,500 (+10.0%), from €25,000 to €27,500
- Gross operating margin -€89,002
down €89,002 (-47.1%), from €189,001 to €99,999
- Staff costs -€81,066
down €81,066 (-66.5%), from €121,925 to €40,859
- Financial income -€4,802
down €4,802 (-61.0%), from €7,875 to €3,072
of which Non-recurring financial income: -€4,925
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,178 | €170,086 | -€32,091 | -15.9% |
| Fixed assets | 21/28 | €22,173 | €17,364 | -€4,809 | -21.7% |
| Tangible fixed assets | 22/27 | €22,173 | €17,364 | -€4,809 | -21.7% |
| Furniture and vehicles | 24 | €22,173 | €17,364 | -€4,809 | -21.7% |
| Current assets | 29/58 | €180,005 | €152,723 | -€27,282 | -15.2% |
| Stocks and contracts in progress | 3 | €69,012 | €55,930 | -€13,082 | -19.0% |
| Stocks | 30/36 | €69,012 | €55,930 | -€13,082 | -19.0% |
| Amounts receivable within one year | 40/41 | €79,458 | €36,042 | -€43,417 | -54.6% |
| Trade receivables | 40 | €66,463 | €31,042 | -€35,422 | -53.3% |
| Other amounts receivable | 41 | €12,995 | €5,000 | -€7,995 | -61.5% |
| Current investments | 50/53 | €30,548 | €60,153 | +€29,604 | +96.9% |
| Deferred charges and accrued income | 490/1 | €986 | €598 | -€388 | -39.3% |
| Total equity and liabilities | 10/49 | €202,178 | €170,086 | -€32,091 | -15.9% |
| Equity | 10/15 | €16,689 | €65,015 | +€48,326 | +290% |
| Contributions | 10/11 | €25,000 | €27,500 | +€2,500 | +10.0% |
| Reserves | 13 | €2,500 | - | -€2,500 | |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | -€10,811 | €37,515 | +€48,326 | |
| Amounts payable | 17/49 | €185,489 | €105,071 | -€80,418 | -43.4% |
| Amounts payable within one year | 42/48 | €183,252 | €105,071 | -€78,181 | -42.7% |
| Trade debts | 44 | €14,266 | €2,342 | -€11,924 | -83.6% |
| Suppliers | 440/4 | €14,266 | €2,342 | -€11,924 | -83.6% |
| Taxes, remuneration and social security | 45 | €50,442 | €47,729 | -€2,713 | -5.4% |
| Taxes | 450/3 | €28,469 | €15,680 | -€12,789 | -44.9% |
| Remuneration and social security | 454/9 | €21,974 | €32,049 | +€10,075 | +45.9% |
| Other amounts payable | 47/48 | €118,544 | €55,000 | -€63,544 | -53.6% |
| Accrued charges and deferred income | 492/3 | €2,236 | - | -€2,236 | |
| Remuneration, social security and pensions | 62 | €121,925 | €40,859 | -€81,066 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,851 | €8,244 | +€393 | +5.0% |
| Other operating charges | 640/8 | €1,701 | €891 | -€811 | -47.6% |
| Gross operating margin | 9900 | €189,001 | €99,999 | -€89,002 | -47.1% |
| Operating profit (loss) | 9901 | €57,525 | €50,005 | -€7,520 | -13.1% |
| Financial income | 75/76B | €7,875 | €3,072 | -€4,802 | -61.0% |
| Recurring financial income | 75 | €0 | €123 | +€123 | +38,284% |
| Non-recurring financial income | 76B | €7,874 | €2,950 | -€4,925 | -62.5% |
| Financial charges | 65/66B | €4,702 | €4,751 | +€50 | +1.1% |
| Recurring financial charges | 65 | €4,702 | €4,751 | +€50 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €60,698 | €48,326 | -€12,371 | -20.4% |
| Profit (loss) for the period | 9904 | €60,698 | €48,326 | -€12,371 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,698 | €48,326 | -€12,371 | -20.4% |
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 19 October 2026 via checked.be.