Juthi: 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.
Juthi
Largest movements
- Receivables within one year -€65,478
down €65,478 (-20.2%), from €323,637 to €258,159
of which Trade receivables: -€58,368
- Current investments +€50,828
up €50,828 (+101.7%), from €50,001 to €100,828
- Stocks and contracts +€21,903
new in 2025: €21,903
- Tangible fixed assets +€6,798
up €6,798 (+525.3%), from €1,294 to €8,091
of which Furniture and vehicles: +€6,233
- Cash +€5,164
up €5,164 (+26.5%), from €19,464 to €24,629
mainly Receivables within one year (+€65,478) and Net result for the year (+€25,962)
- Reserves +€82,386
up €82,386 (+28.0%), from €293,768 to €376,154
of which Distributable reserves: +€82,386
- Profit (loss) carried forward -€56,425
down €56,425 (-100.0%), from €56,425 to €0
- Tax, wage and social debts -€8,951
down €8,951 (-37.8%), from €23,688 to €14,737
of which Taxes: -€9,107
- Other debts +€5,396
new in 2025: €5,396
- Gross operating margin -€11,764
down €11,764 (-17.9%), from €65,710 to €53,946
- Financial charges +€9,901
up €9,901 (+9425.1%), from €105 to €10,006
- Taxes +€7,823
up €7,823 (+143.5%), from €5,452 to €13,275
- Other operating charges +€967
up €967 (+51.0%), from €1,895 to €2,862
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 | €395,861 | €415,837 | +€19,976 | +5.0% |
| Fixed assets | 21/28 | €1,349 | €8,091 | +€6,743 | +499.8% |
| Tangible fixed assets | 22/27 | €1,294 | €8,091 | +€6,798 | +525.3% |
| Plant, machinery and equipment | 23 | €1,146 | €1,711 | +€565 | +49.3% |
| Furniture and vehicles | 24 | €148 | €6,381 | +€6,233 | +4213.8% |
| Financial fixed assets | 28 | €55 | €0 | -€55 | -100.0% |
| Current assets | 29/58 | €394,512 | €407,746 | +€13,234 | +3.4% |
| Stocks and contracts in progress | 3 | - | €21,903 | +€21,903 | |
| Stocks | 30/36 | - | €21,903 | +€21,903 | |
| Amounts receivable within one year | 40/41 | €323,637 | €258,159 | -€65,478 | -20.2% |
| Trade receivables | 40 | €104,728 | €46,359 | -€58,368 | -55.7% |
| Other amounts receivable | 41 | €218,910 | €211,800 | -€7,110 | -3.2% |
| Current investments | 50/53 | €50,001 | €100,828 | +€50,828 | +101.7% |
| Cash at bank and in hand | 54/58 | €19,464 | €24,629 | +€5,164 | +26.5% |
| Deferred charges and accrued income | 490/1 | €1,410 | €2,227 | +€816 | +57.9% |
| Total equity and liabilities | 10/49 | €395,861 | €415,837 | +€19,976 | +5.0% |
| Equity | 10/15 | €368,792 | €394,754 | +€25,962 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,768 | €376,154 | +€82,386 | +28.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €291,908 | €374,294 | +€82,386 | +28.2% |
| Profit (loss) carried forward | 14 | €56,425 | €0 | -€56,425 | -100.0% |
| Amounts payable | 17/49 | €27,069 | €21,083 | -€5,985 | -22.1% |
| Amounts payable within one year | 42/48 | €24,569 | €21,083 | -€3,485 | -14.2% |
| Trade debts | 44 | €881 | €950 | +€69 | +7.8% |
| Suppliers | 440/4 | €881 | €950 | +€69 | +7.8% |
| Taxes, remuneration and social security | 45 | €23,688 | €14,737 | -€8,951 | -37.8% |
| Taxes | 450/3 | €21,188 | €12,081 | -€9,107 | -43.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,657 | +€157 | +6.3% |
| Other amounts payable | 47/48 | - | €5,396 | +€5,396 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €0 | -€2,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,306 | €2,603 | +€298 | +12.9% |
| Other operating charges | 640/8 | €1,895 | €2,862 | +€967 | +51.0% |
| Gross operating margin | 9900 | €65,710 | €53,946 | -€11,764 | -17.9% |
| Operating profit (loss) | 9901 | €61,509 | €48,480 | -€13,029 | -21.2% |
| Financial income | 75/76B | €473 | €762 | +€290 | +61.3% |
| Recurring financial income | 75 | €473 | €762 | +€290 | +61.3% |
| Financial charges | 65/66B | €105 | €10,006 | +€9,901 | +9425.1% |
| Recurring financial charges | 65 | €105 | €10,006 | +€9,901 | +9425.1% |
| Profit (loss) for the period before taxes | 9903 | €61,877 | €39,237 | -€22,640 | -36.6% |
| Income taxes | 67/77 | €5,452 | €13,275 | +€7,823 | +143.5% |
| Profit (loss) for the period | 9904 | €56,425 | €25,962 | -€30,463 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,425 | €25,962 | -€30,463 | -54.0% |
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 5 October 2026 via checked.be.