JUVAMU: 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.
JUVAMU
Largest movements
- Tangible fixed assets +€39,507
up €39,507 (+127.7%), from €30,937 to €70,444
of which Furniture and vehicles: +€39,356
- Cash -€7,180
down €7,180 (-3.4%), from €208,627 to €201,447
mainly Investment in fixed assets (net) (-€57,383) and Contributions, distributions and other (-€26,069)
- Reserves +€18,056
up €18,056 (+12.3%), from €146,799 to €164,855
of which Distributable reserves: +€18,056
- Other debts +€8,534
up €8,534 (+50.8%), from €16,808 to €25,341
- Tax, wage and social debts +€8,099
up €8,099 (+924.9%), from €876 to €8,974
- Gross operating margin +€25,805
up €25,805 (+44.9%), from €57,488 to €83,293
- Depreciation +€8,886
up €8,886 (+98.8%), from €8,990 to €17,876
- Taxes +€5,946
up €5,946 (+39.3%), from €15,117 to €21,063
- Other operating charges -€1,723
down €1,723 (-65.3%), from €2,637 to €914
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 | €248,258 | €283,031 | +€34,773 | +14.0% |
| Fixed assets | 21/28 | €30,937 | €70,444 | +€39,507 | +127.7% |
| Tangible fixed assets | 22/27 | €30,937 | €70,444 | +€39,507 | +127.7% |
| Plant, machinery and equipment | 23 | €17,207 | €17,358 | +€151 | +0.9% |
| Furniture and vehicles | 24 | €13,730 | €53,086 | +€39,356 | +286.7% |
| Current assets | 29/58 | €217,321 | €212,588 | -€4,734 | -2.2% |
| Amounts receivable within one year | 40/41 | €5,007 | €5,720 | +€713 | +14.2% |
| Trade receivables | 40 | €4,624 | €5,720 | +€1,096 | +23.7% |
| Other amounts receivable | 41 | €383 | - | -€383 | |
| Cash at bank and in hand | 54/58 | €208,627 | €201,447 | -€7,180 | -3.4% |
| Deferred charges and accrued income | 490/1 | €3,687 | €5,420 | +€1,733 | +47.0% |
| Total equity and liabilities | 10/49 | €248,258 | €283,031 | +€34,773 | +14.0% |
| Equity | 10/15 | €229,629 | €247,685 | +€18,056 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,799 | €164,855 | +€18,056 | +12.3% |
| 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 | €144,939 | €162,995 | +€18,056 | +12.5% |
| Profit (loss) carried forward | 14 | €64,230 | €64,230 | = | 0.0% |
| Amounts payable | 17/49 | €18,629 | €35,346 | +€16,717 | +89.7% |
| Amounts payable within one year | 42/48 | €18,629 | €35,346 | +€16,717 | +89.7% |
| Trade debts | 44 | €946 | €1,030 | +€84 | +8.9% |
| Suppliers | 440/4 | €946 | €1,030 | +€84 | +8.9% |
| Taxes, remuneration and social security | 45 | €876 | €8,974 | +€8,099 | +924.9% |
| Taxes | 450/3 | €876 | €8,974 | +€8,099 | +924.9% |
| Other amounts payable | 47/48 | €16,808 | €25,341 | +€8,534 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,990 | €17,876 | +€8,886 | +98.8% |
| Other operating charges | 640/8 | €2,637 | €914 | -€1,723 | -65.3% |
| Gross operating margin | 9900 | €57,488 | €83,293 | +€25,805 | +44.9% |
| Operating profit (loss) | 9901 | €45,860 | €64,503 | +€18,643 | +40.7% |
| Financial income | 75/76B | €1 | €752 | +€752 | +129572.4% |
| Recurring financial income | 75 | €1 | €752 | +€752 | +129572.4% |
| Financial charges | 65/66B | €67 | €66 | -€1 | -1.3% |
| Recurring financial charges | 65 | €67 | €66 | -€1 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €45,794 | €65,189 | +€19,395 | +42.4% |
| Income taxes | 67/77 | €15,117 | €21,063 | +€5,946 | +39.3% |
| Profit (loss) for the period | 9904 | €30,677 | €44,126 | +€13,449 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,677 | €44,126 | +€13,449 | +43.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.