JUVACO: what changed
Two financial 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.
JUVACO
Largest movements
- Tangible fixed assets -€55,406
down €55,406 (-9.5%), from €582,722 to €527,316
- Cash -€8,103
down €8,103 (-25.5%), from €31,789 to €23,686
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€35,912)
- Deferred charges and accrued income +€7,570
up €7,570 (+134.6%), from €5,622 to €13,192
- Reserves +€44,895
up €44,895 (+14.5%), from €309,666 to €354,561
- Debts after one year -€35,912
down €35,912 (-18.3%), from €196,019 to €160,108
- Other debts -€35,847
down €35,847 (-88.2%), from €40,633 to €4,786
- Current portion of long-term debt -€23,676
down €23,676 (-41.0%), from €57,794 to €34,118
- Short-term financial debts -€6,760
down €6,760 (-95.9%), from €7,052 to €291
- Gross operating margin +€41,679
up €41,679 (+24.6%), from €169,747 to €211,425
- Taxes +€13,050
up €13,050 (+34.9%), from €37,404 to €50,454
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,992 | €602,354 | -€56,638 | -8.6% |
| Fixed assets | 21/28 | €582,722 | €527,316 | -€55,406 | -9.5% |
| Tangible fixed assets | 22/27 | €582,722 | €527,316 | -€55,406 | -9.5% |
| Land and buildings | 22 | €501,873 | €475,563 | -€26,310 | -5.2% |
| Plant, machinery and equipment | 23 | €4,276 | €2,653 | -€1,623 | -38.0% |
| Furniture and vehicles | 24 | €72,245 | €47,889 | -€24,356 | -33.7% |
| Other tangible fixed assets | 26 | €4,328 | €1,212 | -€3,116 | -72.0% |
| Current assets | 29/58 | €76,269 | €75,037 | -€1,232 | -1.6% |
| Amounts receivable within one year | 40/41 | €38,858 | €38,159 | -€699 | -1.8% |
| Trade receivables | 40 | €31,941 | €38,151 | +€6,209 | +19.4% |
| Other amounts receivable | 41 | €6,917 | €8 | -€6,909 | -99.9% |
| Cash at bank and in hand | 54/58 | €31,789 | €23,686 | -€8,103 | -25.5% |
| Deferred charges and accrued income | 490/1 | €5,622 | €13,192 | +€7,570 | +134.6% |
| Total equity and liabilities | 10/49 | €658,992 | €602,354 | -€56,638 | -8.6% |
| Equity | 10/15 | €328,266 | €373,161 | +€44,895 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €309,666 | €354,561 | +€44,895 | +14.5% |
| Distributable reserves | 133 | €309,666 | €354,561 | +€44,895 | +14.5% |
| Amounts payable | 17/49 | €330,725 | €229,192 | -€101,533 | -30.7% |
| Amounts payable after more than one year | 17 | €196,019 | €160,108 | -€35,912 | -18.3% |
| Financial debts | 170/4 | €196,019 | €160,108 | -€35,912 | -18.3% |
| Amounts payable within one year | 42/48 | €134,670 | €69,071 | -€65,599 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €57,794 | €34,118 | -€23,676 | -41.0% |
| Financial debts | 43 | €7,052 | €291 | -€6,760 | -95.9% |
| Other loans | 439 | €7,052 | €291 | -€6,760 | -95.9% |
| Trade debts | 44 | €1,858 | €7,735 | +€5,877 | +316.4% |
| Suppliers | 440/4 | €1,858 | €7,735 | +€5,877 | +316.4% |
| Advances received on contracts in progress | 46 | €4,707 | - | -€4,707 | |
| Taxes, remuneration and social security | 45 | €22,626 | €22,141 | -€486 | -2.1% |
| Taxes | 450/3 | €22,626 | €22,141 | -€486 | -2.1% |
| Other amounts payable | 47/48 | €40,633 | €4,786 | -€35,847 | -88.2% |
| Accrued charges and deferred income | 492/3 | €36 | €14 | -€22 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,795 | €55,597 | -€1,198 | -2.1% |
| Other operating charges | 640/8 | €5,547 | €5,490 | -€57 | -1.0% |
| Gross operating margin | 9900 | €169,747 | €211,425 | +€41,679 | +24.6% |
| Operating profit (loss) | 9901 | €107,404 | €150,339 | +€42,934 | +40.0% |
| Financial income | 75/76B | €401 | €22 | -€380 | -94.6% |
| Recurring financial income | 75 | €401 | €22 | -€380 | -94.6% |
| Financial charges | 65/66B | €5,826 | €5,012 | -€814 | -14.0% |
| Recurring financial charges | 65 | €5,826 | €4,150 | -€1,675 | -28.8% |
| Non-recurring financial charges | 66B | - | €861 | +€861 | |
| Profit (loss) for the period before taxes | 9903 | €101,980 | €145,349 | +€43,369 | +42.5% |
| Income taxes | 67/77 | €37,404 | €50,454 | +€13,050 | +34.9% |
| Profit (loss) for the period | 9904 | €64,576 | €94,895 | +€30,319 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,576 | €94,895 | +€30,319 | +47.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.