JUST& CO: 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.
What changed
JUST& CO
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€61,086
2024 · -€62,362+€1,276
Equity
€221,041
2024 · €282,127-€61,086
Cash
€4,869
2024 · €66,763-€61,894
Balance sheet total
€2.4m
2024 · €2.5m-€83,799
Largest movements
Assets
- Tangible fixed assets -€106,116
down €106,116 (-4.7%), from €2.3m to €2.2m
of which Land and buildings: -€85,782
- Current investments +€78,320
up €78,320 (+47.1%), from €166,331 to €244,651
- Cash -€61,894
down €61,894 (-92.7%), from €66,763 to €4,869
mainly Current investments (-€78,320) and Net result for the year (-€61,086)
Equity and liabilities
- Profit (loss) carried forward -€61,086
down €61,086 (-28.6%), from €213,927 to €152,841
Income statement
- Gross operating margin +€4,643
up €4,643 (+2.3%), from €199,150 to €203,793
- Financial charges +€2,346
up €2,346 (+5.2%), from €45,241 to €47,587
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.
Result 2024
-€62,362
Gross operating margin
+€4,643
Staff costs
-€1,736
Depreciation
+€976
Provisions
-€1,742
Other operating charges
-€502
Financial income
+€1,983
Financial charges
-€2,346
Result 2025
-€61,086
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.
From operations
+€20,009
Investment
-€79,331
Financing
-€2,572
Cash 2024
€66,763
From operations (derived)
+€20,009
Net result for the year
-€61,086
Depreciation
+€107,127
Receivables within one year
-€758
Deferred charges and accrued income
-€5,133
Provisions
-€10,873
Trade debts
-€329
Tax, wage and social debts
+€82
Other debts
-€15,436
Accrued charges and deferred income
+€6,415
Investment (derived)
-€79,331
Investment in fixed assets (net)
-€1,011
Current investments
-€78,320
Financing
-€2,572
Current portion of long-term debt
-€2,572
Cash 2025
€4,869
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,507,730 | €2,423,931 | -€83,799 | -3.3% |
| Fixed assets | 21/28 | €2,256,882 | €2,150,766 | -€106,116 | -4.7% |
| Tangible fixed assets | 22/27 | €2,256,684 | €2,150,568 | -€106,116 | -4.7% |
| Land and buildings | 22 | €2,040,912 | €1,955,130 | -€85,782 | -4.2% |
| Furniture and vehicles | 24 | €350 | €22 | -€328 | -93.7% |
| Other tangible fixed assets | 26 | €215,422 | €195,416 | -€20,006 | -9.3% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €250,848 | €273,165 | +€22,317 | +8.9% |
| Amounts receivable within one year | 40/41 | €1,552 | €2,310 | +€758 | +48.8% |
| Other amounts receivable | 41 | €1,552 | €2,310 | +€758 | +48.8% |
| Current investments | 50/53 | €166,331 | €244,651 | +€78,320 | +47.1% |
| Cash at bank and in hand | 54/58 | €66,763 | €4,869 | -€61,894 | -92.7% |
| Deferred charges and accrued income | 490/1 | €16,202 | €21,335 | +€5,133 | +31.7% |
| Total equity and liabilities | 10/49 | €2,507,730 | €2,423,931 | -€83,799 | -3.3% |
| Equity | 10/15 | €282,127 | €221,041 | -€61,086 | -21.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,927 | €152,841 | -€61,086 | -28.6% |
| Provisions and deferred taxes | 16 | €1,860,706 | €1,849,833 | -€10,873 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €1,860,706 | €1,849,833 | -€10,873 | -0.6% |
| Taxes | 161 | €1,860,706 | €1,849,833 | -€10,873 | -0.6% |
| Amounts payable | 17/49 | €364,897 | €353,057 | -€11,840 | -3.2% |
| Amounts payable within one year | 42/48 | €339,347 | €321,092 | -€18,255 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €2,572 | - | -€2,572 | |
| Trade debts | 44 | €5,074 | €4,745 | -€329 | -6.5% |
| Suppliers | 440/4 | €5,074 | €4,745 | -€329 | -6.5% |
| Taxes, remuneration and social security | 45 | €2,022 | €2,104 | +€82 | +4.1% |
| Remuneration and social security | 454/9 | €2,022 | €2,104 | +€82 | +4.1% |
| Other amounts payable | 47/48 | €329,679 | €314,243 | -€15,436 | -4.7% |
| Accrued charges and deferred income | 492/3 | €25,550 | €31,965 | +€6,415 | +25.1% |
| Remuneration, social security and pensions | 62 | €23,508 | €25,244 | +€1,736 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,103 | €107,127 | -€976 | -0.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €71,316 | €73,058 | +€1,742 | +2.4% |
| Other operating charges | 640/8 | €19,855 | €20,357 | +€502 | +2.5% |
| Gross operating margin | 9900 | €199,150 | €203,793 | +€4,643 | +2.3% |
| Operating profit (loss) | 9901 | -€23,632 | -€21,993 | +€1,639 | +6.9% |
| Financial income | 75/76B | €6,511 | €8,494 | +€1,983 | +30.5% |
| Recurring financial income | 75 | €6,511 | €8,494 | +€1,983 | +30.5% |
| Financial charges | 65/66B | €45,241 | €47,587 | +€2,346 | +5.2% |
| Recurring financial charges | 65 | €45,241 | €47,587 | +€2,346 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€62,362 | -€61,086 | +€1,276 | +2.0% |
| Profit (loss) for the period | 9904 | -€62,362 | -€61,086 | +€1,276 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,362 | -€61,086 | +€1,276 | +2.0% |
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 3 October 2026 via checked.be.