JUSTINES: 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.
JUSTINES
Largest movements
- Receivables within one year +€21,266
up €21,266 (+12.5%), from €169,648 to €190,914
of which Other amounts receivable: +€21,266
- Cash +€6,883
up €6,883 (+93.3%), from €7,378 to €14,261
mainly Net result for the year (+€26,659) and Tax, wage and social debts (+€2,858)
- Profit (loss) carried forward +€26,659
up €26,659 (+9.9%), from -€270,130 to -€243,471
- Trade debts -€3,010
down €3,010 (-70.6%), from €4,260 to €1,251
- Tax, wage and social debts +€2,858
up €2,858 (+340.1%), from €840 to €3,698
- Gross operating margin +€19,876
up €19,876 (+945.3%), from €2,103 to €21,978
- Other operating charges -€2,424
down €2,424 (-41.2%), from €5,881 to €3,458
- Financial income +€305
up €305 (+3.2%), from €9,439 to €9,744
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 | €228,938 | €255,446 | +€26,507 | +11.6% |
| Fixed assets | 21/28 | €22,716 | €21,493 | -€1,223 | -5.4% |
| Tangible fixed assets | 22/27 | €21,619 | €20,396 | -€1,223 | -5.7% |
| Land and buildings | 22 | €18,181 | €17,861 | -€320 | -1.8% |
| Plant, machinery and equipment | 23 | €3,038 | €2,534 | -€503 | -16.6% |
| Furniture and vehicles | 24 | €400 | - | -€400 | |
| Financial fixed assets | 28 | €1,098 | €1,098 | = | 0.0% |
| Current assets | 29/58 | €206,222 | €233,952 | +€27,730 | +13.4% |
| Amounts receivable after more than one year | 29 | €27,617 | €27,617 | = | 0.0% |
| Other amounts receivable | 291 | €27,617 | €27,617 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €169,648 | €190,914 | +€21,266 | +12.5% |
| Trade receivables | 40 | €567 | €567 | = | 0.0% |
| Other amounts receivable | 41 | €169,081 | €190,348 | +€21,266 | +12.6% |
| Cash at bank and in hand | 54/58 | €7,378 | €14,261 | +€6,883 | +93.3% |
| Deferred charges and accrued income | 490/1 | €1,579 | €1,160 | -€419 | -26.5% |
| Total equity and liabilities | 10/49 | €228,938 | €255,446 | +€26,507 | +11.6% |
| Equity | 10/15 | €223,838 | €250,497 | +€26,659 | +11.9% |
| Contributions | 10/11 | €163,432 | €163,432 | = | 0.0% |
| Capital | 10 | €163,432 | €163,432 | = | 0.0% |
| Issued capital | 100 | €163,432 | €163,432 | = | 0.0% |
| Reserves | 13 | €330,536 | €330,536 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,592 | €17,592 | = | 0.0% |
| Legal reserve | 130 | €16,343 | €16,343 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,249 | €1,249 | = | 0.0% |
| Distributable reserves | 133 | €312,944 | €312,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€270,130 | -€243,471 | +€26,659 | +9.9% |
| Amounts payable | 17/49 | €5,101 | €4,949 | -€152 | -3.0% |
| Amounts payable within one year | 42/48 | €5,101 | €4,949 | -€152 | -3.0% |
| Trade debts | 44 | €4,260 | €1,251 | -€3,010 | -70.6% |
| Suppliers | 440/4 | €4,260 | €1,251 | -€3,010 | -70.6% |
| Taxes, remuneration and social security | 45 | €840 | €3,698 | +€2,858 | +340.1% |
| Taxes | 450/3 | €840 | €3,698 | +€2,858 | +340.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €1,223 | -€14 | -1.1% |
| Other operating charges | 640/8 | €5,881 | €3,458 | -€2,424 | -41.2% |
| Gross operating margin | 9900 | €2,103 | €21,978 | +€19,876 | +945.3% |
| Operating profit (loss) | 9901 | -€5,015 | €17,298 | +€22,313 | |
| Financial income | 75/76B | €9,439 | €9,744 | +€305 | +3.2% |
| Recurring financial income | 75 | €9,439 | €9,744 | +€305 | +3.2% |
| Financial charges | 65/66B | €332 | €146 | -€185 | -55.9% |
| Recurring financial charges | 65 | €332 | €146 | -€185 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €4,092 | €26,895 | +€22,804 | +557.3% |
| Income taxes | 67/77 | €252 | €236 | -€16 | -6.5% |
| Profit (loss) for the period | 9904 | €3,839 | €26,659 | +€22,820 | +594.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,839 | €26,659 | +€22,820 | +594.4% |
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.