JUSTIM: 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.
JUSTIM
Largest movements
- Tangible fixed assets -€231,800
down €231,800 (-29.0%), from €800,000 to €568,200
of which Assets under construction and advance payments: -€800,000
- Cash -€51,780
down €51,780 (-49.0%), from €105,705 to €53,925
mainly Debts after one year (-€200,000) and Accrued charges and deferred income (-€74,223)
- Deferred charges and accrued income +€13,010
new in 2025: €13,010
- Debts after one year -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Accrued charges and deferred income -€74,223
down €74,223 (-85.1%), from €87,261 to €13,038
- Other debts +€20,708
up €20,708 (+5.4%), from €385,446 to €406,154
- Profit (loss) carried forward -€11,993
down €11,993 (-61.4%), from €19,547 to €7,554
- Other operating charges +€39,702
up €39,702 (+143.7%), from €27,634 to €67,336
- Gross operating margin +€18,740
up €18,740 (+33.9%), from €55,276 to €74,016
- Depreciation +€16,500
up €16,500 (+5500.0%), from €300 to €16,800
- Taxes -€5,263
down €5,263 (-98.3%), from €5,352 to €89
- Financial charges -€1,004
down €1,004 (-31.2%), from €3,216 to €2,212
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 | €908,905 | €643,246 | -€265,659 | -29.2% |
| Fixed assets | 21/28 | €800,000 | €568,200 | -€231,800 | -29.0% |
| Tangible fixed assets | 22/27 | €800,000 | €568,200 | -€231,800 | -29.0% |
| Land and buildings | 22 | - | €568,200 | +€568,200 | |
| Assets under construction and advance payments | 27 | €800,000 | €0 | -€800,000 | -100.0% |
| Current assets | 29/58 | €108,905 | €75,046 | -€33,859 | -31.1% |
| Amounts receivable within one year | 40/41 | €3,200 | €8,111 | +€4,911 | +153.5% |
| Other amounts receivable | 41 | €3,200 | €8,111 | +€4,911 | +153.5% |
| Cash at bank and in hand | 54/58 | €105,705 | €53,925 | -€51,780 | -49.0% |
| Deferred charges and accrued income | 490/1 | - | €13,010 | +€13,010 | |
| Total equity and liabilities | 10/49 | €908,905 | €643,246 | -€265,659 | -29.2% |
| Equity | 10/15 | €236,047 | €224,054 | -€11,993 | -5.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €16,500 | €16,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,547 | €7,554 | -€11,993 | -61.4% |
| Amounts payable | 17/49 | €672,858 | €419,192 | -€253,666 | -37.7% |
| Amounts payable after more than one year | 17 | €200,000 | €0 | -€200,000 | -100.0% |
| Other amounts payable | 178/9 | €200,000 | €0 | -€200,000 | -100.0% |
| Amounts payable within one year | 42/48 | €385,597 | €406,154 | +€20,557 | +5.3% |
| Trade debts | 44 | €151 | - | -€151 | |
| Suppliers | 440/4 | €151 | - | -€151 | |
| Other amounts payable | 47/48 | €385,446 | €406,154 | +€20,708 | +5.4% |
| Accrued charges and deferred income | 492/3 | €87,261 | €13,038 | -€74,223 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €16,800 | +€16,500 | +5500.0% |
| Other operating charges | 640/8 | €27,634 | €67,336 | +€39,702 | +143.7% |
| Gross operating margin | 9900 | €55,276 | €74,016 | +€18,740 | +33.9% |
| Operating profit (loss) | 9901 | €27,342 | -€10,120 | -€37,462 | |
| Financial income | 75/76B | €29 | €428 | +€399 | +1375.9% |
| Recurring financial income | 75 | €29 | €428 | +€399 | +1375.9% |
| Financial charges | 65/66B | €3,216 | €2,212 | -€1,004 | -31.2% |
| Recurring financial charges | 65 | €3,216 | €2,212 | -€1,004 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €24,155 | -€11,904 | -€36,059 | |
| Income taxes | 67/77 | €5,352 | €89 | -€5,263 | -98.3% |
| Profit (loss) for the period | 9904 | €18,803 | -€11,993 | -€30,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,803 | -€11,993 | -€30,796 |
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 30 September 2026 via checked.be.