Just-ius: 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-ius
Largest movements
- Tangible fixed assets -€46,607
down €46,607 (-6.7%), from €695,625 to €649,019
of which Land and buildings: -€32,683
- Receivables within one year -€46,292
down €46,292 (-94.2%), from €49,149 to €2,856
of which Trade receivables: -€44,959
- Other debts -€51,185
down €51,185 (-15.0%), from €341,990 to €290,805
- Debts after one year -€26,420
down €26,420 (-20.4%), from €129,367 to €102,946
of which Financial debts: -€49,220
- Gross operating margin +€155,986
up €155,986 (+69.5%), from €224,530 to €380,516
- Taxes +€38,362
up €38,362 (+69.6%), from €55,116 to €93,479
- Other operating charges -€9,853
down €9,853 (-52.5%), from €18,778 to €8,925
- Financial charges -€6,650
down €6,650 (-25.2%), from €26,345 to €19,695
From the 31-12-2024 result to the 31-12-2025 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
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,909,016 | €1,821,965 | -€87,051 | -4.6% |
| Fixed assets | 21/28 | €1,785,825 | €1,739,219 | -€46,607 | -2.6% |
| Tangible fixed assets | 22/27 | €695,625 | €649,019 | -€46,607 | -6.7% |
| Land and buildings | 22 | €564,894 | €532,211 | -€32,683 | -5.8% |
| Plant, machinery and equipment | 23 | €2,590 | €3,832 | +€1,242 | +48.0% |
| Furniture and vehicles | 24 | €27,025 | €13,142 | -€13,883 | -51.4% |
| Other tangible fixed assets | 26 | €101,116 | €99,833 | -€1,282 | -1.3% |
| Financial fixed assets | 28 | €1,090,200 | €1,090,200 | = | 0.0% |
| Current assets | 29/58 | €123,190 | €82,746 | -€40,444 | -32.8% |
| Amounts receivable within one year | 40/41 | €49,149 | €2,856 | -€46,292 | -94.2% |
| Trade receivables | 40 | €45,039 | €80 | -€44,959 | -99.8% |
| Other amounts receivable | 41 | €4,110 | €2,776 | -€1,333 | -32.4% |
| Cash at bank and in hand | 54/58 | €74,042 | €79,890 | +€5,848 | +7.9% |
| Total equity and liabilities | 10/49 | €1,909,016 | €1,821,965 | -€87,051 | -4.6% |
| Equity | 10/15 | €1,326,004 | €1,332,791 | +€6,787 | +0.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €969,502 | €976,290 | +€6,787 | +0.7% |
| Distributable reserves | 133 | €969,502 | €976,290 | +€6,787 | +0.7% |
| Profit (loss) carried forward | 14 | €56,501 | €56,501 | = | 0.0% |
| Amounts payable | 17/49 | €583,012 | €489,174 | -€93,838 | -16.1% |
| Amounts payable after more than one year | 17 | €129,367 | €102,946 | -€26,420 | -20.4% |
| Financial debts | 170/4 | €129,067 | €79,846 | -€49,220 | -38.1% |
| Other amounts payable | 178/9 | €300 | €23,100 | +€22,800 | +7,600% |
| Amounts payable within one year | 42/48 | €433,194 | €370,684 | -€62,509 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €62,973 | €49,220 | -€13,753 | -21.8% |
| Trade debts | 44 | €4,079 | €11,818 | +€7,738 | +190% |
| Suppliers | 440/4 | €4,079 | €11,818 | +€7,738 | +190% |
| Taxes, remuneration and social security | 45 | €24,151 | €18,842 | -€5,309 | -22.0% |
| Taxes | 450/3 | €24,151 | €18,842 | -€5,309 | -22.0% |
| Other amounts payable | 47/48 | €341,990 | €290,805 | -€51,185 | -15.0% |
| Accrued charges and deferred income | 492/3 | €20,452 | €15,543 | -€4,909 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,280 | €58,702 | +€422 | +0.7% |
| Other operating charges | 640/8 | €18,778 | €8,925 | -€9,853 | -52.5% |
| Gross operating margin | 9900 | €224,530 | €380,516 | +€155,986 | +69.5% |
| Operating profit (loss) | 9901 | €147,471 | €312,889 | +€165,418 | +112% |
| Financial income | 75/76B | €359 | €252 | -€106 | -29.6% |
| Recurring financial income | 75 | €359 | €252 | -€106 | -29.6% |
| Financial charges | 65/66B | €26,345 | €19,695 | -€6,650 | -25.2% |
| Recurring financial charges | 65 | €26,345 | €19,695 | -€6,650 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €121,485 | €293,446 | +€171,961 | +142% |
| Income taxes | 67/77 | €55,116 | €93,479 | +€38,362 | +69.6% |
| Profit (loss) for the period | 9904 | €66,369 | €199,968 | +€133,599 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €66,369 | €199,968 | +€133,599 | +201% |
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 18 October 2026 via checked.be.