JUVENALIS: 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.
JUVENALIS
Largest movements
- Receivables within one year +€80,971
up €80,971 (+150%), from €54,046 to €135,017
of which Other amounts receivable: +€81,046
- Tangible fixed assets -€2,180
down €2,180 (-70.4%), from €3,099 to €918
of which Other tangible fixed assets: -€2,099
- Reserves +€38,000
new in 2025: €38,000
- Profit (loss) carried forward +€29,609
up €29,609, from -€29,528 to €81
- Trade debts +€5,508
up €5,508 (+44.2%), from €12,475 to €17,984
- Tax, wage and social debts +€4,576
new in 2025: €4,576
- Gross operating margin +€23,556
up €23,556 (+43.8%), from €53,747 to €77,303
- Depreciation -€6,251
down €6,251 (-74.1%), from €8,432 to €2,180
- Taxes +€4,576
new in 2025: €4,576
- Other operating charges -€2,404
down €2,404 (-33.3%), from €7,213 to €4,808
- Financial income +€1,167
up €1,167 (+120%), from €972 to €2,139
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 | €62,947 | €140,927 | +€77,980 | +124% |
| Fixed assets | 21/28 | €3,099 | €918 | -€2,180 | -70.4% |
| Tangible fixed assets | 22/27 | €3,099 | €918 | -€2,180 | -70.4% |
| Plant, machinery and equipment | 23 | €81 | - | -€81 | |
| Other tangible fixed assets | 26 | €3,018 | €918 | -€2,099 | -69.6% |
| Current assets | 29/58 | €59,848 | €140,008 | +€80,160 | +134% |
| Amounts receivable within one year | 40/41 | €54,046 | €135,017 | +€80,971 | +150% |
| Trade receivables | 40 | €775 | €700 | -€75 | -9.7% |
| Other amounts receivable | 41 | €53,271 | €134,317 | +€81,046 | +152% |
| Cash at bank and in hand | 54/58 | €3,846 | €4,183 | +€336 | +8.7% |
| Deferred charges and accrued income | 490/1 | €1,956 | €809 | -€1,147 | -58.6% |
| Total equity and liabilities | 10/49 | €62,947 | €140,927 | +€77,980 | +124% |
| Equity | 10/15 | €50,472 | €118,081 | +€67,609 | +134% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | - | €38,000 | +€38,000 | |
| Distributable reserves | 133 | - | €38,000 | +€38,000 | |
| Profit (loss) carried forward | 14 | -€29,528 | €81 | +€29,609 | |
| Amounts payable | 17/49 | €12,475 | €22,846 | +€10,371 | +83.1% |
| Amounts payable within one year | 42/48 | €12,475 | €22,560 | +€10,085 | +80.8% |
| Trade debts | 44 | €12,475 | €17,984 | +€5,508 | +44.2% |
| Suppliers | 440/4 | €12,475 | €17,984 | +€5,508 | +44.2% |
| Taxes, remuneration and social security | 45 | - | €4,576 | +€4,576 | |
| Taxes | 450/3 | - | €4,576 | +€4,576 | |
| Accrued charges and deferred income | 492/3 | - | €286 | +€286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,432 | €2,180 | -€6,251 | -74.1% |
| Other operating charges | 640/8 | €7,213 | €4,808 | -€2,404 | -33.3% |
| Gross operating margin | 9900 | €53,747 | €77,303 | +€23,556 | +43.8% |
| Operating profit (loss) | 9901 | €38,103 | €70,315 | +€32,212 | +84.5% |
| Financial income | 75/76B | €972 | €2,139 | +€1,167 | +120% |
| Recurring financial income | 75 | €972 | €2,139 | +€1,167 | +120% |
| Financial charges | 65/66B | €275 | €268 | -€7 | -2.4% |
| Recurring financial charges | 65 | €275 | €268 | -€7 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €38,800 | €72,185 | +€33,386 | +86.0% |
| Income taxes | 67/77 | - | €4,576 | +€4,576 | |
| Profit (loss) for the period | 9904 | €38,800 | €67,609 | +€28,810 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,800 | €67,609 | +€28,810 | +74.3% |
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 13 October 2026 via checked.be.