JUVAS: 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.
JUVAS
Largest movements
- Receivables within one year +€263,339
up €263,339 (+1749.2%), from €15,055 to €278,394
of which Trade receivables: +€265,200
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets -€14,711
down €14,711 (-41.8%), from €35,225 to €20,514
- Cash -€10,524
down €10,524 (-3.6%), from €294,266 to €283,742
mainly Receivables within one year (-€263,339) and Contributions, distributions and other (-€236,000)
- Trade debts +€242,904
up €242,904 (+2438.8%), from €9,960 to €252,864
- Other debts +€178,645
new in 2025: €178,645
- Tax, wage and social debts +€36,512
up €36,512 (+61.4%), from €59,474 to €95,986
- Current portion of long-term debt -€10,467
down €10,467 (-54.9%), from €19,051 to €8,584
- Debts after one year -€8,584
down €8,584 (-100.0%), from €8,584 to €0
- Gross operating margin +€173,553
up €173,553 (+112.7%), from €153,940 to €327,493
- Taxes +€45,152
up €45,152 (+156.1%), from €28,921 to €74,073
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 | €344,646 | €783,360 | +€438,713 | +127.3% |
| Fixed assets | 21/28 | €35,225 | €20,514 | -€14,711 | -41.8% |
| Tangible fixed assets | 22/27 | €35,225 | €20,514 | -€14,711 | -41.8% |
| Leasing and similar rights | 25 | €35,225 | €20,514 | -€14,711 | -41.8% |
| Current assets | 29/58 | €309,421 | €762,845 | +€453,424 | +146.5% |
| Amounts receivable within one year | 40/41 | €15,055 | €278,394 | +€263,339 | +1749.2% |
| Trade receivables | 40 | €9,000 | €274,200 | +€265,200 | +2946.7% |
| Other amounts receivable | 41 | €6,055 | €4,194 | -€1,861 | -30.7% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €294,266 | €283,742 | -€10,524 | -3.6% |
| Deferred charges and accrued income | 490/1 | €100 | €709 | +€609 | +606.5% |
| Total equity and liabilities | 10/49 | €344,646 | €783,360 | +€438,713 | +127.3% |
| Equity | 10/15 | €247,577 | €246,816 | -€762 | -0.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €245,577 | €244,816 | -€762 | -0.3% |
| Distributable reserves | 133 | €245,577 | €244,816 | -€762 | -0.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €97,069 | €536,544 | +€439,475 | +452.7% |
| Amounts payable after more than one year | 17 | €8,584 | €0 | -€8,584 | -100.0% |
| Financial debts | 170/4 | €8,584 | €0 | -€8,584 | -100.0% |
| Amounts payable within one year | 42/48 | €88,485 | €536,079 | +€447,594 | +505.8% |
| Current portion of amounts payable after more than one year | 42 | €19,051 | €8,584 | -€10,467 | -54.9% |
| Trade debts | 44 | €9,960 | €252,864 | +€242,904 | +2438.8% |
| Suppliers | 440/4 | €9,960 | €252,864 | +€242,904 | +2438.8% |
| Taxes, remuneration and social security | 45 | €59,474 | €95,986 | +€36,512 | +61.4% |
| Taxes | 450/3 | €59,474 | €95,986 | +€36,512 | +61.4% |
| Other amounts payable | 47/48 | - | €178,645 | +€178,645 | |
| Accrued charges and deferred income | 492/3 | - | €465 | +€465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,711 | €14,711 | = | 0.0% |
| Other operating charges | 640/8 | €2,980 | €3,451 | +€470 | +15.8% |
| Gross operating margin | 9900 | €153,940 | €327,493 | +€173,553 | +112.7% |
| Operating profit (loss) | 9901 | €136,249 | €309,331 | +€173,082 | +127.0% |
| Financial income | 75/76B | €0 | €1,495 | +€1,495 | |
| Recurring financial income | 75 | €0 | €1,495 | +€1,495 | |
| Financial charges | 65/66B | €1,976 | €1,515 | -€461 | -23.3% |
| Recurring financial charges | 65 | €1,976 | €1,515 | -€461 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €134,273 | €309,311 | +€175,038 | +130.4% |
| Income taxes | 67/77 | €28,921 | €74,073 | +€45,152 | +156.1% |
| Profit (loss) for the period | 9904 | €105,352 | €235,238 | +€129,886 | +123.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,352 | €235,238 | +€129,886 | +123.3% |
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 1 October 2026 via checked.be.