JUSTIMO: 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.
JUSTIMO
Largest movements
- Tangible fixed assets +€502,802
up €502,802 (+43.5%), from €1.2m to €1.7m
of which Land and buildings: +€503,327
- Debts after one year +€518,221
up €518,221 (+508.0%), from €102,004 to €620,226
- Other debts +€195,390
up €195,390 (+869.6%), from €22,469 to €217,858
- Tax, wage and social debts -€139,851
down €139,851 (-99.7%), from €140,323 to €472
- Profit (loss) carried forward -€57,479
down €57,479 (-71.2%), from -€80,775 to -€138,255
- Reserves -€26,233
down €26,233 (-3.2%), from €816,045 to €789,812
of which Tax-exempt reserves: -€26,233
- Other operating charges +€62,119
up €62,119 (+740.3%), from €8,391 to €70,510
- Gross operating margin -€8,473
down €8,473 (-48.3%), from €17,554 to €9,081
- Taxes -€3,083
down €3,083 (-77.1%), from €4,000 to €917
- Depreciation +€1,717
up €1,717 (+6.7%), from €25,482 to €27,198
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,156,775 | €1,659,577 | +€502,802 | +43.5% |
| Fixed assets | 21/28 | €1,156,775 | €1,659,577 | +€502,802 | +43.5% |
| Tangible fixed assets | 22/27 | €1,156,775 | €1,659,577 | +€502,802 | +43.5% |
| Land and buildings | 22 | €1,156,250 | €1,659,577 | +€503,327 | +43.5% |
| Plant, machinery and equipment | 23 | €525 | - | -€525 | |
| Total equity and liabilities | 10/49 | €1,156,775 | €1,659,577 | +€502,802 | +43.5% |
| Equity | 10/15 | €801,408 | €717,696 | -€83,712 | -10.4% |
| Contributions | 10/11 | €66,139 | €66,139 | = | 0.0% |
| Reserves | 13 | €816,045 | €789,812 | -€26,233 | -3.2% |
| Non-distributable reserves | 130/1 | €7,149 | €7,149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,149 | €7,149 | = | 0.0% |
| Tax-exempt reserves | 132 | €303,425 | €277,193 | -€26,233 | -8.6% |
| Distributable reserves | 133 | €505,471 | €505,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,775 | -€138,255 | -€57,479 | -71.2% |
| Provisions and deferred taxes | 16 | €77,493 | €68,129 | -€9,364 | -12.1% |
| Deferred taxes | 168 | €77,493 | €68,129 | -€9,364 | -12.1% |
| Amounts payable | 17/49 | €277,874 | €873,751 | +€595,878 | +214.4% |
| Amounts payable after more than one year | 17 | €102,004 | €620,226 | +€518,221 | +508.0% |
| Financial debts | 170/4 | €102,004 | €620,226 | +€518,221 | +508.0% |
| Amounts payable within one year | 42/48 | €175,869 | €253,526 | +€77,657 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €11,519 | €11,779 | +€260 | +2.3% |
| Financial debts | 43 | €578 | €4,533 | +€3,954 | +683.7% |
| Credit institutions | 430/8 | €578 | €4,533 | +€3,954 | +683.7% |
| Trade debts | 44 | €980 | €18,884 | +€17,904 | +1826.8% |
| Suppliers | 440/4 | €980 | €18,884 | +€17,904 | +1826.8% |
| Taxes, remuneration and social security | 45 | €140,323 | €472 | -€139,851 | -99.7% |
| Taxes | 450/3 | €140,323 | €472 | -€139,851 | -99.7% |
| Other amounts payable | 47/48 | €22,469 | €217,858 | +€195,390 | +869.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,482 | €27,198 | +€1,717 | +6.7% |
| Other operating charges | 640/8 | €8,391 | €70,510 | +€62,119 | +740.3% |
| Gross operating margin | 9900 | €17,554 | €9,081 | -€8,473 | -48.3% |
| Operating profit (loss) | 9901 | -€16,318 | -€88,627 | -€72,309 | -443.1% |
| Financial charges | 65/66B | €3,492 | €3,532 | +€40 | +1.1% |
| Recurring financial charges | 65 | €3,492 | €3,532 | +€40 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,810 | -€92,159 | -€72,349 | -365.2% |
| Transfer from deferred taxes | 780 | €9,364 | €9,364 | = | 0.0% |
| Income taxes | 67/77 | €4,000 | €917 | -€3,083 | -77.1% |
| Profit (loss) for the period | 9904 | -€14,446 | -€83,712 | -€69,266 | -479.5% |
| Transfer from tax-exempt reserves | 789 | €26,233 | €26,233 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,786 | -€57,479 | -€69,266 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.