JUVAD: 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.
JUVAD
Largest movements
- Cash +€42,211
up €42,211 (+462.6%), from €9,125 to €51,335
mainly Current investments (+€38,384) and Net result for the year (+€19,460)
- Current investments -€38,384
down €38,384 (-22.3%), from €171,804 to €133,420
- Deferred charges and accrued income -€2,671
down €2,671 (-100.0%), from €2,671 to €0
- Tax, wage and social debts -€17,174
down €17,174 (-94.9%), from €18,088 to €914
- Reserves +€14,810
up €14,810 (+8.5%), from €173,627 to €188,436
- Profit (loss) carried forward +€4,650
up €4,650, from €0 to €4,650
- Other debts -€2,828
down €2,828 (-100.0%), from €2,828 to €0
- Gross operating margin -€49,644
down €49,644 (-67.9%), from €73,125 to €23,481
- Taxes -€14,268
down €14,268 (-68.4%), from €20,860 to €6,592
- Financial income +€1,156
up €1,156 (+52.2%), from €2,216 to €3,372
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 | €199,897 | €199,300 | -€598 | -0.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €199,897 | €199,300 | -€598 | -0.3% |
| Amounts receivable within one year | 40/41 | €16,298 | €14,545 | -€1,754 | -10.8% |
| Trade receivables | 40 | €14,000 | €0 | -€14,000 | -100.0% |
| Other amounts receivable | 41 | €2,298 | €14,545 | +€12,246 | +532.8% |
| Current investments | 50/53 | €171,804 | €133,420 | -€38,384 | -22.3% |
| Cash at bank and in hand | 54/58 | €9,125 | €51,335 | +€42,211 | +462.6% |
| Deferred charges and accrued income | 490/1 | €2,671 | €0 | -€2,671 | -100.0% |
| Total equity and liabilities | 10/49 | €199,897 | €199,300 | -€598 | -0.3% |
| Equity | 10/15 | €178,627 | €198,086 | +€19,460 | +10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €173,627 | €188,436 | +€14,810 | +8.5% |
| Distributable reserves | 133 | €173,627 | €188,436 | +€14,810 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €4,650 | +€4,650 | |
| Amounts payable | 17/49 | €21,270 | €1,213 | -€20,057 | -94.3% |
| Amounts payable within one year | 42/48 | €21,270 | €1,213 | -€20,057 | -94.3% |
| Trade debts | 44 | €354 | €299 | -€55 | -15.5% |
| Suppliers | 440/4 | €354 | €299 | -€55 | -15.5% |
| Taxes, remuneration and social security | 45 | €18,088 | €914 | -€17,174 | -94.9% |
| Taxes | 450/3 | €18,088 | €914 | -€17,174 | -94.9% |
| Other amounts payable | 47/48 | €2,828 | €0 | -€2,828 | -100.0% |
| Non-recurring operating income | 76A | €11 | €7,163 | +€7,152 | +65376.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €745 | €753 | +€8 | +1.0% |
| Gross operating margin | 9900 | €73,125 | €23,481 | -€49,644 | -67.9% |
| Operating profit (loss) | 9901 | €72,380 | €22,728 | -€49,652 | -68.6% |
| Financial income | 75/76B | €2,216 | €3,372 | +€1,156 | +52.2% |
| Recurring financial income | 75 | €2,216 | €3,372 | +€1,156 | +52.2% |
| Financial charges | 65/66B | €54 | €49 | -€5 | -9.0% |
| Recurring financial charges | 65 | €54 | €49 | -€5 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €74,542 | €26,051 | -€48,491 | -65.1% |
| Income taxes | 67/77 | €20,860 | €6,592 | -€14,268 | -68.4% |
| Profit (loss) for the period | 9904 | €53,682 | €19,460 | -€34,223 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,682 | €19,460 | -€34,223 | -63.8% |
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 29 September 2026 via checked.be.