JUVA PROJECTS: 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.
JUVA PROJECTS
Largest movements
- Current investments -€430,000
down €430,000 (-86.0%), from €500,000 to €70,000
- Receivables within one year +€377,704
up €377,704 (+62.6%), from €603,279 to €980,984
of which Other amounts receivable: +€378,486
- Cash -€194,015
down €194,015 (-70.2%), from €276,400 to €82,385
mainly Other debts (-€602,428) and Receivables within one year (-€377,704)
- Stocks and contracts +€63,742
up €63,742 (+45.9%), from €138,912 to €202,653
- Tangible fixed assets -€36,309
down €36,309 (-21.6%), from €168,068 to €131,759
of which Furniture and vehicles: -€47,215
- Debts after one year +€630,000
new in 2025: €630,000
- Other debts -€602,428
down €602,428 (-88.2%), from €682,820 to €80,391
- Profit (loss) carried forward -€246,713
down €246,713 (-83.0%), from -€297,129 to -€543,842
- Gross operating margin +€155,500
up €155,500, from -€100,208 to €55,292
- Financial charges +€40,147
up €40,147 (+6968.0%), from €576 to €40,723
- Other operating charges +€30,556
up €30,556 (+2274.7%), from €1,343 to €31,900
- Financial income +€6,767
up €6,767 (+18.5%), from €36,539 to €43,306
- Depreciation +€4,107
up €4,107 (+8.5%), from €48,202 to €52,309
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 | €1,692,240 | €1,475,219 | -€217,021 | -12.8% |
| Fixed assets | 21/28 | €173,068 | €136,759 | -€36,309 | -21.0% |
| Tangible fixed assets | 22/27 | €168,068 | €131,759 | -€36,309 | -21.6% |
| Plant, machinery and equipment | 23 | €7,103 | €18,010 | +€10,907 | +153.5% |
| Furniture and vehicles | 24 | €160,965 | €113,749 | -€47,215 | -29.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,519,172 | €1,338,459 | -€180,712 | -11.9% |
| Stocks and contracts in progress | 3 | €138,912 | €202,653 | +€63,742 | +45.9% |
| Stocks | 30/36 | €138,912 | €202,653 | +€63,742 | +45.9% |
| Amounts receivable within one year | 40/41 | €603,279 | €980,984 | +€377,704 | +62.6% |
| Trade receivables | 40 | €3,792 | €3,011 | -€781 | -20.6% |
| Other amounts receivable | 41 | €599,487 | €977,973 | +€378,486 | +63.1% |
| Current investments | 50/53 | €500,000 | €70,000 | -€430,000 | -86.0% |
| Cash at bank and in hand | 54/58 | €276,400 | €82,385 | -€194,015 | -70.2% |
| Deferred charges and accrued income | 490/1 | €581 | €2,438 | +€1,857 | +319.9% |
| Total equity and liabilities | 10/49 | €1,692,240 | €1,475,219 | -€217,021 | -12.8% |
| Equity | 10/15 | €997,776 | €751,063 | -€246,713 | -24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,288,705 | €1,288,705 | = | 0.0% |
| Distributable reserves | 133 | €1,288,705 | €1,288,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€297,129 | -€543,842 | -€246,713 | -83.0% |
| Amounts payable | 17/49 | €694,463 | €724,155 | +€29,692 | +4.3% |
| Amounts payable after more than one year | 17 | - | €630,000 | +€630,000 | |
| Financial debts | 170/4 | - | €630,000 | +€630,000 | |
| Amounts payable within one year | 42/48 | €694,463 | €94,155 | -€600,308 | -86.4% |
| Trade debts | 44 | €11,040 | €2,599 | -€8,441 | -76.5% |
| Suppliers | 440/4 | €11,040 | €2,599 | -€8,441 | -76.5% |
| Taxes, remuneration and social security | 45 | €603 | €11,165 | +€10,561 | +1750.8% |
| Taxes | 450/3 | €603 | €11,165 | +€10,561 | +1750.8% |
| Other amounts payable | 47/48 | €682,820 | €80,391 | -€602,428 | -88.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,202 | €52,309 | +€4,107 | +8.5% |
| Other operating charges | 640/8 | €1,343 | €31,900 | +€30,556 | +2274.7% |
| Non-recurring operating charges | 66A | - | €219,946 | +€219,946 | |
| Gross operating margin | 9900 | -€100,208 | €55,292 | +€155,500 | |
| Operating profit (loss) | 9901 | -€149,754 | -€248,863 | -€99,109 | -66.2% |
| Financial income | 75/76B | €36,539 | €43,306 | +€6,767 | +18.5% |
| Recurring financial income | 75 | €36,539 | €43,306 | +€6,767 | +18.5% |
| Financial charges | 65/66B | €576 | €40,723 | +€40,147 | +6968.0% |
| Recurring financial charges | 65 | €576 | €40,723 | +€40,147 | +6968.0% |
| Profit (loss) for the period before taxes | 9903 | -€113,791 | -€246,280 | -€132,490 | -116.4% |
| Income taxes | 67/77 | €502 | €433 | -€70 | -13.8% |
| Profit (loss) for the period | 9904 | -€114,293 | -€246,713 | -€132,420 | -115.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,293 | -€246,713 | -€132,420 | -115.9% |
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 8 October 2026 via checked.be.