JUVALO: 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.
JUVALO
Largest movements
- Tangible fixed assets -€13,178
down €13,178 (-33.6%), from €39,212 to €26,034
of which Other tangible fixed assets: -€12,851
- Debts after one year -€49,624
down €49,624 (-21.3%), from €233,395 to €183,770
- Reserves +€33,299
up €33,299 (+5.1%), from €652,732 to €686,030
- Other debts -€14,302
down €14,302 (-15.3%), from €93,203 to €78,901
- Financial income -€55,000
down €55,000 (-100.0%), from €55,000 to €0
- Gross operating margin +€51,001
up €51,001 (+32.8%), from €155,589 to €206,591
- Staff costs +€26,952
up €26,952 (+27.2%), from €99,141 to €126,093
- Financial charges +€5,420
up €5,420 (+85.5%), from €6,335 to €11,755
- Taxes +€2,848
up €2,848 (+17.4%), from €16,363 to €19,211
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 | €1,072,112 | €1,056,358 | -€15,754 | -1.5% |
| Fixed assets | 21/28 | €1,051,053 | €1,037,874 | -€13,178 | -1.3% |
| Tangible fixed assets | 22/27 | €39,212 | €26,034 | -€13,178 | -33.6% |
| Plant, machinery and equipment | 23 | €694 | €367 | -€327 | -47.2% |
| Other tangible fixed assets | 26 | €38,518 | €25,667 | -€12,851 | -33.4% |
| Financial fixed assets | 28 | €1,011,840 | €1,011,840 | = | 0.0% |
| Current assets | 29/58 | €21,060 | €18,484 | -€2,575 | -12.2% |
| Amounts receivable within one year | 40/41 | €508 | €3 | -€505 | -99.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €508 | €3 | -€505 | -99.5% |
| Cash at bank and in hand | 54/58 | €18,023 | €16,422 | -€1,601 | -8.9% |
| Deferred charges and accrued income | 490/1 | €2,529 | €2,060 | -€469 | -18.5% |
| Total equity and liabilities | 10/49 | €1,072,112 | €1,056,358 | -€15,754 | -1.5% |
| Equity | 10/15 | €665,132 | €698,430 | +€33,299 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €652,732 | €686,030 | +€33,299 | +5.1% |
| Distributable reserves | 133 | €652,732 | €686,030 | +€33,299 | +5.1% |
| Amounts payable | 17/49 | €406,980 | €357,928 | -€49,053 | -12.1% |
| Amounts payable after more than one year | 17 | €233,395 | €183,770 | -€49,624 | -21.3% |
| Financial debts | 170/4 | €233,395 | €183,770 | -€49,624 | -21.3% |
| Amounts payable within one year | 42/48 | €173,586 | €174,158 | +€572 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €47,418 | €49,624 | +€2,207 | +4.7% |
| Financial debts | 43 | €6,632 | €9,383 | +€2,751 | +41.5% |
| Credit institutions | 430/8 | €6,632 | €9,383 | +€2,751 | +41.5% |
| Trade debts | 44 | €7,763 | €6,731 | -€1,032 | -13.3% |
| Suppliers | 440/4 | €7,763 | €6,731 | -€1,032 | -13.3% |
| Advances received on contracts in progress | 46 | - | €3,630 | +€3,630 | |
| Taxes, remuneration and social security | 45 | €18,570 | €25,888 | +€7,318 | +39.4% |
| Taxes | 450/3 | €9,278 | €5,114 | -€4,164 | -44.9% |
| Remuneration and social security | 454/9 | €9,293 | €20,775 | +€11,482 | +123.6% |
| Other amounts payable | 47/48 | €93,203 | €78,901 | -€14,302 | -15.3% |
| Remuneration, social security and pensions | 62 | €99,141 | €126,093 | +€26,952 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,139 | €13,178 | +€39 | +0.3% |
| Other operating charges | 640/8 | €2,624 | €3,055 | +€430 | +16.4% |
| Gross operating margin | 9900 | €155,589 | €206,591 | +€51,001 | +32.8% |
| Operating profit (loss) | 9901 | €40,685 | €64,265 | +€23,580 | +58.0% |
| Financial income | 75/76B | €55,000 | €0 | -€55,000 | -100.0% |
| Recurring financial income | 75 | €55,000 | €0 | -€55,000 | -100.0% |
| Financial charges | 65/66B | €6,335 | €11,755 | +€5,420 | +85.5% |
| Recurring financial charges | 65 | €6,335 | €11,755 | +€5,420 | +85.5% |
| Profit (loss) for the period before taxes | 9903 | €89,350 | €52,509 | -€36,840 | -41.2% |
| Income taxes | 67/77 | €16,363 | €19,211 | +€2,848 | +17.4% |
| Profit (loss) for the period | 9904 | €72,987 | €33,299 | -€39,688 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,987 | €33,299 | -€39,688 | -54.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.