Just-Venture: 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-Venture
Largest movements
- Cash +€425,147
up €425,147 (+615%), from €69,101 to €494,248
mainly Debts after one year (+€206,672) and Net result for the year (+€139,045)
- Debts after one year +€206,672
up €206,672 (+14.2%), from €1.5m to €1.7m
- Profit (loss) carried forward +€139,045
up €139,045 (+13.8%), from €1.0m to €1.1m
- Short-term financial debts +€47,830
new in 2026: €47,830
- Gross operating margin -€831,572
down €831,572 (-76.4%), from €1.1m to €256,181
- Depreciation -€28,893
down €28,893 (-47.4%), from €60,965 to €32,072
- Financial charges +€15,200
up €15,200 (+64.6%), from €23,516 to €38,716
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,515,448 | €2,926,732 | +€411,284 | +16.4% |
| Fixed assets | 21/28 | €1,964,009 | €1,947,795 | -€16,214 | -0.8% |
| Tangible fixed assets | 22/27 | €420,237 | €404,023 | -€16,214 | -3.9% |
| Land and buildings | 22 | €415,414 | €400,564 | -€14,850 | -3.6% |
| Plant, machinery and equipment | 23 | €3,417 | €2,619 | -€798 | -23.4% |
| Furniture and vehicles | 24 | €1,406 | €840 | -€566 | -40.3% |
| Financial fixed assets | 28 | €1,543,772 | €1,543,772 | = | 0.0% |
| Current assets | 29/58 | €551,439 | €978,937 | +€427,498 | +77.5% |
| Amounts receivable after more than one year | 29 | €470,595 | €470,595 | = | 0.0% |
| Other amounts receivable | 291 | €470,595 | €470,595 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,522 | €13,652 | +€2,130 | +18.5% |
| Other amounts receivable | 41 | €11,522 | €13,652 | +€2,130 | +18.5% |
| Cash at bank and in hand | 54/58 | €69,101 | €494,248 | +€425,147 | +615% |
| Deferred charges and accrued income | 490/1 | €221 | €442 | +€221 | +100% |
| Total equity and liabilities | 10/49 | €2,515,448 | €2,926,732 | +€411,284 | +16.4% |
| Equity | 10/15 | €1,028,223 | €1,167,268 | +€139,045 | +13.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,008,223 | €1,147,268 | +€139,045 | +13.8% |
| Amounts payable | 17/49 | €1,487,225 | €1,759,464 | +€272,239 | +18.3% |
| Amounts payable after more than one year | 17 | €1,450,595 | €1,657,267 | +€206,672 | +14.2% |
| Financial debts | 170/4 | €1,450,595 | €1,657,267 | +€206,672 | +14.2% |
| Amounts payable within one year | 42/48 | €13,178 | €77,197 | +€64,019 | +486% |
| Financial debts | 43 | - | €47,830 | +€47,830 | |
| Credit institutions | 430/8 | - | €47,830 | +€47,830 | |
| Trade debts | 44 | €27 | €12,760 | +€12,733 | +47,159% |
| Suppliers | 440/4 | €27 | €12,760 | +€12,733 | +47,159% |
| Taxes, remuneration and social security | 45 | €13,151 | €16,607 | +€3,456 | +26.3% |
| Taxes | 450/3 | €13,151 | €16,607 | +€3,456 | +26.3% |
| Accrued charges and deferred income | 492/3 | €23,452 | €25,000 | +€1,548 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,965 | €32,072 | -€28,893 | -47.4% |
| Gross operating margin | 9900 | €1,087,753 | €256,181 | -€831,572 | -76.4% |
| Operating profit (loss) | 9901 | €1,026,788 | €224,109 | -€802,679 | -78.2% |
| Financial charges | 65/66B | €23,516 | €38,716 | +€15,200 | +64.6% |
| Recurring financial charges | 65 | €23,516 | €38,716 | +€15,200 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €1,003,272 | €185,393 | -€817,879 | -81.5% |
| Income taxes | 67/77 | €41,478 | €46,348 | +€4,870 | +11.7% |
| Profit (loss) for the period | 9904 | €961,794 | €139,045 | -€822,749 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €961,794 | €139,045 | -€822,749 | -85.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.