JUSTB: 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.
JUSTB
Largest movements
- Cash -€65,984
down €65,984 (-42.9%), from €153,937 to €87,953
mainly Current investments (-€50,000) and Receivables within one year (-€21,697)
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year +€21,697
up €21,697 (+42.0%), from €51,675 to €73,372
of which Other amounts receivable: +€23,174
- Reserves +€7,014
up €7,014 (+4.2%), from €167,140 to €174,154
- Trade debts -€2,860
down €2,860 (-85.7%), from €3,338 to €478
- Financial income -€137,688
down €137,688 (-98.6%), from €139,602 to €1,913
- Taxes -€35,031
down €35,031 (-90.8%), from €38,592 to €3,561
- Financial charges -€12,961
down €12,961 (-92.6%), from €14,000 to €1,039
- Gross operating margin -€6,962
down €6,962 (-35.2%), from €19,755 to €12,793
- Depreciation -€2,329
down €2,329 (-81.5%), from €2,856 to €527
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 | €217,966 | €224,154 | +€6,189 | +2.8% |
| Fixed assets | 21/28 | €723 | €196 | -€527 | -72.9% |
| Tangible fixed assets | 22/27 | €723 | €196 | -€527 | -72.9% |
| Plant, machinery and equipment | 23 | €723 | €196 | -€527 | -72.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €217,243 | €223,958 | +€6,716 | +3.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €51,675 | €73,372 | +€21,697 | +42.0% |
| Trade receivables | 40 | €22,455 | €20,979 | -€1,476 | -6.6% |
| Other amounts receivable | 41 | €29,220 | €52,393 | +€23,174 | +79.3% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €153,937 | €87,953 | -€65,984 | -42.9% |
| Deferred charges and accrued income | 490/1 | €11,631 | €12,634 | +€1,002 | +8.6% |
| Total equity and liabilities | 10/49 | €217,966 | €224,154 | +€6,189 | +2.8% |
| Equity | 10/15 | €182,140 | €189,154 | +€7,014 | +3.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €167,140 | €174,154 | +€7,014 | +4.2% |
| Distributable reserves | 133 | €167,140 | €174,154 | +€7,014 | +4.2% |
| Amounts payable | 17/49 | €35,825 | €35,000 | -€825 | -2.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €35,825 | €34,370 | -€1,456 | -4.1% |
| Trade debts | 44 | €3,338 | €478 | -€2,860 | -85.7% |
| Suppliers | 440/4 | €3,338 | €478 | -€2,860 | -85.7% |
| Taxes, remuneration and social security | 45 | €32,488 | €33,892 | +€1,404 | +4.3% |
| Taxes | 450/3 | €32,488 | €33,892 | +€1,404 | +4.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €631 | +€631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,856 | €527 | -€2,329 | -81.5% |
| Other operating charges | 640/8 | €3,026 | €2,565 | -€462 | -15.2% |
| Gross operating margin | 9900 | €19,755 | €12,793 | -€6,962 | -35.2% |
| Operating profit (loss) | 9901 | €13,873 | €9,701 | -€4,172 | -30.1% |
| Financial income | 75/76B | €139,602 | €1,913 | -€137,688 | -98.6% |
| Recurring financial income | 75 | €139,602 | €1,913 | -€137,688 | -98.6% |
| Financial charges | 65/66B | €14,000 | €1,039 | -€12,961 | -92.6% |
| Recurring financial charges | 65 | €14,000 | €1,039 | -€12,961 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €139,474 | €10,575 | -€128,900 | -92.4% |
| Income taxes | 67/77 | €38,592 | €3,561 | -€35,031 | -90.8% |
| Profit (loss) for the period | 9904 | €100,882 | €7,014 | -€93,869 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,882 | €7,014 | -€93,869 | -93.0% |
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 8 October 2026 via checked.be.