JUVAN: 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.
JUVAN
Largest movements
- Cash -€56,731
down €56,731 (-32.8%), from €172,764 to €116,033
mainly Debts after one year (-€136,810) and Receivables within one year (-€13,138)
- Tangible fixed assets -€34,551
down €34,551 (-2.9%), from €1.2m to €1.2m
- Debts after one year -€136,810
down €136,810 (-27.1%), from €504,149 to €367,340
- Reserves +€82,510
up €82,510 (+332%), from €24,889 to €107,398
of which Distributable reserves: +€82,510
- Profit (loss) carried forward -€27,208
down €27,208 (-100%), from €27,208 to €0
- Taxes +€18,339
up €18,339 (+764%), from €2,399 to €20,738
- Gross operating margin +€3,952
up €3,952 (+3.4%), from €117,530 to €121,482
- Financial income +€1,956
new in 2025: €1,956
- Financial charges -€1,589
down €1,589 (-15.1%), from €10,529 to €8,940
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.
Derived cash bridge
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 | €1,410,026 | €1,332,176 | -€77,850 | -5.5% |
| Fixed assets | 21/28 | €1,198,562 | €1,164,011 | -€34,551 | -2.9% |
| Tangible fixed assets | 22/27 | €1,198,562 | €1,164,011 | -€34,551 | -2.9% |
| Land and buildings | 22 | €1,198,562 | €1,164,011 | -€34,551 | -2.9% |
| Current assets | 29/58 | €211,463 | €168,164 | -€43,299 | -20.5% |
| Amounts receivable within one year | 40/41 | €29,462 | €42,601 | +€13,138 | +44.6% |
| Other amounts receivable | 41 | €29,462 | €42,601 | +€13,138 | +44.6% |
| Cash at bank and in hand | 54/58 | €172,764 | €116,033 | -€56,731 | -32.8% |
| Deferred charges and accrued income | 490/1 | €9,237 | €9,531 | +€294 | +3.2% |
| Total equity and liabilities | 10/49 | €1,410,026 | €1,332,176 | -€77,850 | -5.5% |
| Equity | 10/15 | €846,549 | €901,851 | +€55,302 | +6.5% |
| Contributions | 10/11 | €794,453 | €794,453 | = | 0.0% |
| Capital | 10 | €794,453 | €794,453 | = | 0.0% |
| Issued capital | 100 | €794,453 | €794,453 | = | 0.0% |
| Reserves | 13 | €24,889 | €107,398 | +€82,510 | +332% |
| Non-distributable reserves | 130/1 | €22,806 | €22,806 | = | 0.0% |
| Legal reserve | 130 | €22,806 | €22,806 | = | 0.0% |
| Distributable reserves | 133 | €2,082 | €84,592 | +€82,510 | +3,962% |
| Profit (loss) carried forward | 14 | €27,208 | €0 | -€27,208 | -100% |
| Amounts payable | 17/49 | €563,477 | €430,324 | -€133,152 | -23.6% |
| Amounts payable after more than one year | 17 | €504,149 | €367,340 | -€136,810 | -27.1% |
| Financial debts | 170/4 | €504,149 | €367,340 | -€136,810 | -27.1% |
| Amounts payable within one year | 42/48 | €54,019 | €58,681 | +€4,661 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €38,402 | €38,402 | = | 0.0% |
| Trade debts | 44 | €6,048 | €4,990 | -€1,058 | -17.5% |
| Suppliers | 440/4 | €6,048 | €4,990 | -€1,058 | -17.5% |
| Taxes, remuneration and social security | 45 | €9,570 | €15,289 | +€5,719 | +59.8% |
| Taxes | 450/3 | €9,570 | €15,289 | +€5,719 | +59.8% |
| Accrued charges and deferred income | 492/3 | €5,308 | €4,304 | -€1,004 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,939 | €34,551 | -€388 | -1.1% |
| Other operating charges | 640/8 | €4,999 | €3,906 | -€1,093 | -21.9% |
| Gross operating margin | 9900 | €117,530 | €121,482 | +€3,952 | +3.4% |
| Operating profit (loss) | 9901 | €77,592 | €83,025 | +€5,433 | +7.0% |
| Financial income | 75/76B | - | €1,956 | +€1,956 | |
| Recurring financial income | 75 | - | €1,956 | +€1,956 | |
| Financial charges | 65/66B | €10,529 | €8,940 | -€1,589 | -15.1% |
| Recurring financial charges | 65 | €10,529 | €8,940 | -€1,589 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €67,062 | €76,041 | +€8,978 | +13.4% |
| Income taxes | 67/77 | €2,399 | €20,738 | +€18,339 | +764% |
| Profit (loss) for the period | 9904 | €64,663 | €55,302 | -€9,361 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,663 | €55,302 | -€9,361 | -14.5% |
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 17 October 2026 via checked.be.