JUSTECO: 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.
JUSTECO
Largest movements
- Cash -€121,190
down €121,190 (-61.8%), from €196,123 to €74,933
mainly Contributions, distributions and other (-€277,248) and Deferred charges and accrued income (-€5,043)
- Tangible fixed assets -€8,128
down €8,128 (-6.7%), from €120,789 to €112,661
of which Furniture and vehicles: -€4,858
- Deferred charges and accrued income +€5,043
up €5,043 (+622%), from €811 to €5,854
- Reserves -€129,860
down €129,860 (-46.8%), from €277,251 to €147,390
- Gross operating margin -€7,860
down €7,860 (-3.8%), from €208,104 to €200,244
- Financial charges -€4,971
down €4,971 (-98.8%), from €5,030 to €59
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
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 | €317,972 | €193,453 | -€124,519 | -39.2% |
| Fixed assets | 21/28 | €120,789 | €112,661 | -€8,128 | -6.7% |
| Tangible fixed assets | 22/27 | €120,789 | €112,661 | -€8,128 | -6.7% |
| Land and buildings | 22 | €113,721 | €110,451 | -€3,269 | -2.9% |
| Furniture and vehicles | 24 | €7,068 | €2,210 | -€4,858 | -68.7% |
| Current assets | 29/58 | €197,183 | €80,792 | -€116,391 | -59.0% |
| Amounts receivable within one year | 40/41 | €250 | €5 | -€244 | -97.8% |
| Other amounts receivable | 41 | €250 | €5 | -€244 | -97.8% |
| Cash at bank and in hand | 54/58 | €196,123 | €74,933 | -€121,190 | -61.8% |
| Deferred charges and accrued income | 490/1 | €811 | €5,854 | +€5,043 | +622% |
| Total equity and liabilities | 10/49 | €317,972 | €193,453 | -€124,519 | -39.2% |
| Equity | 10/15 | €295,851 | €165,990 | -€129,860 | -43.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €277,251 | €147,390 | -€129,860 | -46.8% |
| Distributable reserves | 133 | €277,251 | €147,390 | -€129,860 | -46.8% |
| Amounts payable | 17/49 | €22,121 | €27,463 | +€5,342 | +24.1% |
| Amounts payable within one year | 42/48 | €22,121 | €27,463 | +€5,342 | +24.1% |
| Financial debts | 43 | - | €206 | +€206 | |
| Credit institutions | 430/8 | - | €206 | +€206 | |
| Trade debts | 44 | €1,308 | €3,766 | +€2,457 | +188% |
| Suppliers | 440/4 | €1,308 | €3,766 | +€2,457 | +188% |
| Taxes, remuneration and social security | 45 | €20,813 | €21,884 | +€1,071 | +5.1% |
| Taxes | 450/3 | €20,813 | - | -€20,813 | |
| Remuneration and social security | 454/9 | - | €21,884 | +€21,884 | |
| Other amounts payable | 47/48 | - | €1,608 | +€1,608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,455 | €8,128 | -€327 | -3.9% |
| Other operating charges | 640/8 | €855 | €884 | +€29 | +3.4% |
| Gross operating margin | 9900 | €208,104 | €200,244 | -€7,860 | -3.8% |
| Operating profit (loss) | 9901 | €198,794 | €191,232 | -€7,562 | -3.8% |
| Financial charges | 65/66B | €5,030 | €59 | -€4,971 | -98.8% |
| Recurring financial charges | 65 | €5,030 | €59 | -€4,971 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €193,764 | €191,173 | -€2,591 | -1.3% |
| Income taxes | 67/77 | €44,505 | €43,786 | -€720 | -1.6% |
| Profit (loss) for the period | 9904 | €149,259 | €147,387 | -€1,871 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €149,259 | €147,387 | -€1,871 | -1.3% |
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.