JustO: 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.
JustO
Largest movements
- Cash -€15,871
down €15,871 (-18.1%), from €87,927 to €72,056
mainly Contributions, distributions and other (-€258,283) and Investment in fixed assets (net) (-€14,526)
- Receivables within one year +€10,834
up €10,834 (+53.8%), from €20,121 to €30,955
of which Trade receivables: +€7,106
- Tangible fixed assets +€9,459
up €9,459 (+123.2%), from €7,681 to €17,140
of which Furniture and vehicles: +€8,668
- Deferred charges and accrued income +€8,101
up €8,101 (+465.3%), from €1,741 to €9,842
- Other debts +€40,222
up €40,222 (+387.9%), from €10,370 to €50,592
- Profit (loss) carried forward -€27,336
down €27,336 (-100.0%), from €27,336 to €0
- Tax, wage and social debts +€11,524
up €11,524 (+53.8%), from €21,414 to €32,939
- Short-term financial debts -€8,742
down €8,742 (-25.6%), from €34,106 to €25,364
- Reserves -€1,860
down €1,860 (-100.0%), from €1,860 to €0
of which Distributable reserves: -€1,860
- Gross operating margin -€48,485
down €48,485 (-13.6%), from €355,294 to €306,808
- Taxes -€12,402
down €12,402 (-14.9%), from €83,307 to €70,905
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 | €117,469 | €129,993 | +€12,524 | +10.7% |
| Fixed assets | 21/28 | €7,681 | €17,140 | +€9,459 | +123.2% |
| Tangible fixed assets | 22/27 | €7,681 | €17,140 | +€9,459 | +123.2% |
| Furniture and vehicles | 24 | €4,842 | €13,510 | +€8,668 | +179.0% |
| Other tangible fixed assets | 26 | €2,838 | €3,630 | +€791 | +27.9% |
| Current assets | 29/58 | €109,789 | €112,854 | +€3,065 | +2.8% |
| Amounts receivable within one year | 40/41 | €20,121 | €30,955 | +€10,834 | +53.8% |
| Trade receivables | 40 | €3,025 | €10,131 | +€7,106 | +234.9% |
| Other amounts receivable | 41 | €17,096 | €20,824 | +€3,728 | +21.8% |
| Cash at bank and in hand | 54/58 | €87,927 | €72,056 | -€15,871 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,741 | €9,842 | +€8,101 | +465.3% |
| Total equity and liabilities | 10/49 | €117,469 | €129,993 | +€12,524 | +10.7% |
| Equity | 10/15 | €47,796 | €18,600 | -€29,196 | -61.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | €27,336 | €0 | -€27,336 | -100.0% |
| Amounts payable | 17/49 | €69,674 | €111,393 | +€41,719 | +59.9% |
| Amounts payable within one year | 42/48 | €69,674 | €111,393 | +€41,719 | +59.9% |
| Financial debts | 43 | €34,106 | €25,364 | -€8,742 | -25.6% |
| Credit institutions | 430/8 | €34,106 | €25,364 | -€8,742 | -25.6% |
| Trade debts | 44 | €3,783 | €2,499 | -€1,285 | -34.0% |
| Suppliers | 440/4 | €3,783 | €2,499 | -€1,285 | -34.0% |
| Taxes, remuneration and social security | 45 | €21,414 | €32,939 | +€11,524 | +53.8% |
| Taxes | 450/3 | €21,414 | €32,939 | +€11,524 | +53.8% |
| Other amounts payable | 47/48 | €10,370 | €50,592 | +€40,222 | +387.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,135 | €5,067 | +€2,932 | +137.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €355,294 | €306,808 | -€48,485 | -13.6% |
| Operating profit (loss) | 9901 | €352,654 | €301,222 | -€51,432 | -14.6% |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €2,385 | €1,229 | -€1,156 | -48.4% |
| Recurring financial charges | 65 | €2,385 | €1,229 | -€1,156 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €350,298 | €299,993 | -€50,306 | -14.4% |
| Income taxes | 67/77 | €83,307 | €70,905 | -€12,402 | -14.9% |
| Profit (loss) for the period | 9904 | €266,992 | €229,088 | -€37,904 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €266,992 | €229,088 | -€37,904 | -14.2% |
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 7 October 2026 via checked.be.