JUVELIMA: 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.
What changed
JUVELIMA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€14,741
2024 · -€29,340+€14,599
Equity
€1.1m
2024 · €1.2m-€14,741
Cash
€18,512
2024 · €12,319+€6,193
Balance sheet total
€1.6m
2024 · €1.6m-€55,977
Largest movements
Assets
- Tangible fixed assets -€83,398
down €83,398 (-5.2%), from €1.6m to €1.5m
of which Land and buildings: -€54,607
- Receivables within one year +€21,228
up €21,228 (+215.6%), from €9,845 to €31,072
Equity and liabilities
- Debts after one year -€35,135
down €35,135 (-92.3%), from €38,085 to €2,950
Income statement
- Depreciation -€11,967
down €11,967 (-9.6%), from €124,753 to €112,786
- Gross operating margin +€6,736
up €6,736 (+7.6%), from €88,524 to €95,260
- Taxes +€5,413
up €5,413, from €0 to €5,413
- Financial charges -€1,455
down €1,455 (-52.0%), from €2,796 to €1,341
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.
Result 2024
-€29,340
Gross operating margin
+€6,736
Depreciation
+€11,967
Other operating charges
-€146
Financial charges
+€1,455
Taxes
-€5,413
Result 2025
-€14,741
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.
From operations
+€82,315
Investment
-€29,388
Financing
-€46,734
Cash 2024
€12,319
From operations (derived)
+€82,315
Net result for the year
-€14,741
Depreciation
+€112,786
Receivables within one year
-€21,228
Provisions
-€13,910
Trade debts
+€15,920
Tax, wage and social debts
+€5,413
Other debts
-€1,924
Investment (derived)
-€29,388
Investment in fixed assets (net)
-€29,388
Financing
-€46,734
Debts after one year
-€35,135
Current portion of long-term debt
-€11,599
Cash 2025
€18,512
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,624,526 | €1,568,548 | -€55,977 | -3.4% |
| Fixed assets | 21/28 | €1,602,362 | €1,518,964 | -€83,398 | -5.2% |
| Tangible fixed assets | 22/27 | €1,602,331 | €1,518,933 | -€83,398 | -5.2% |
| Land and buildings | 22 | €1,399,004 | €1,344,397 | -€54,607 | -3.9% |
| Plant, machinery and equipment | 23 | €201,215 | €173,088 | -€28,128 | -14.0% |
| Furniture and vehicles | 24 | €2,112 | €1,449 | -€663 | -31.4% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €22,163 | €49,584 | +€27,421 | +123.7% |
| Amounts receivable within one year | 40/41 | €9,845 | €31,072 | +€21,228 | +215.6% |
| Trade receivables | 40 | €9,845 | €31,072 | +€21,228 | +215.6% |
| Cash at bank and in hand | 54/58 | €12,319 | €18,512 | +€6,193 | +50.3% |
| Total equity and liabilities | 10/49 | €1,624,526 | €1,568,548 | -€55,977 | -3.4% |
| Equity | 10/15 | €1,163,928 | €1,149,187 | -€14,741 | -1.3% |
| Contributions | 10/11 | €181,101 | €181,101 | = | 0.0% |
| Reserves | 13 | €982,827 | €968,086 | -€14,741 | -1.5% |
| Tax-exempt reserves | 132 | €280,528 | €253,514 | -€27,014 | -9.6% |
| Distributable reserves | 133 | €702,299 | €714,572 | +€12,273 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €138,159 | €124,249 | -€13,910 | -10.1% |
| Deferred taxes | 168 | €138,159 | €124,249 | -€13,910 | -10.1% |
| Amounts payable | 17/49 | €322,438 | €295,112 | -€27,326 | -8.5% |
| Amounts payable after more than one year | 17 | €38,085 | €2,950 | -€35,135 | -92.3% |
| Financial debts | 170/4 | €38,085 | €2,950 | -€35,135 | -92.3% |
| Amounts payable within one year | 42/48 | €284,354 | €292,163 | +€7,809 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €46,734 | €35,135 | -€11,599 | -24.8% |
| Trade debts | 44 | €0 | €15,920 | +€15,920 | |
| Suppliers | 440/4 | €0 | €15,920 | +€15,920 | |
| Taxes, remuneration and social security | 45 | €0 | €5,413 | +€5,413 | |
| Taxes | 450/3 | €0 | €5,413 | +€5,413 | |
| Other amounts payable | 47/48 | €237,619 | €235,695 | -€1,924 | -0.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,753 | €112,786 | -€11,967 | -9.6% |
| Other operating charges | 640/8 | €4,226 | €4,372 | +€146 | +3.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €88,524 | €95,260 | +€6,736 | +7.6% |
| Operating profit (loss) | 9901 | -€40,454 | -€21,897 | +€18,557 | +45.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,796 | €1,341 | -€1,455 | -52.0% |
| Recurring financial charges | 65 | €2,796 | €1,341 | -€1,455 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,250 | -€23,238 | +€20,012 | +46.3% |
| Transfer from deferred taxes | 780 | €13,910 | €13,910 | = | 0.0% |
| Income taxes | 67/77 | €0 | €5,413 | +€5,413 | |
| Profit (loss) for the period | 9904 | -€29,340 | -€14,741 | +€14,599 | +49.8% |
| Transfer from tax-exempt reserves | 789 | €27,014 | €27,014 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,326 | €12,273 | +€14,599 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.