JUVEREL: 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.
JUVEREL
Largest movements
- Current investments +€380,000
up €380,000 (+543%), from €70,000 to €450,000
- Tangible fixed assets -€84,034
down €84,034 (-23.2%), from €362,819 to €278,785
- Cash -€41,262
down €41,262 (-32.7%), from €126,054 to €84,792
mainly Current investments (-€380,000) and Contributions, distributions and other (-€67,913)
- Receivables within one year +€8,510
up €8,510 (+558%), from €1,525 to €10,035
- Reserves +€231,791
up €231,791 (+50.1%), from €463,008 to €694,799
of which Distributable reserves: +€231,791
- Other debts +€34,499
up €34,499 (+117%), from €29,462 to €63,962
- Gross operating margin +€156,894
up €156,894 (+51.2%), from €306,678 to €463,572
- Taxes +€50,705
up €50,705 (+56.7%), from €89,489 to €140,194
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 | €564,419 | €828,221 | +€263,802 | +46.7% |
| Fixed assets | 21/28 | €365,595 | €281,561 | -€84,034 | -23.0% |
| Tangible fixed assets | 22/27 | €362,819 | €278,785 | -€84,034 | -23.2% |
| Land and buildings | 22 | €362,819 | €278,785 | -€84,034 | -23.2% |
| Financial fixed assets | 28 | €2,776 | €2,776 | = | 0.0% |
| Current assets | 29/58 | €198,824 | €546,661 | +€347,836 | +175% |
| Amounts receivable within one year | 40/41 | €1,525 | €10,035 | +€8,510 | +558% |
| Other amounts receivable | 41 | €1,525 | €10,035 | +€8,510 | +558% |
| Current investments | 50/53 | €70,000 | €450,000 | +€380,000 | +543% |
| Cash at bank and in hand | 54/58 | €126,054 | €84,792 | -€41,262 | -32.7% |
| Deferred charges and accrued income | 490/1 | €1,246 | €1,834 | +€588 | +47.2% |
| Total equity and liabilities | 10/49 | €564,419 | €828,221 | +€263,802 | +46.7% |
| Equity | 10/15 | €524,508 | €756,299 | +€231,791 | +44.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €463,008 | €694,799 | +€231,791 | +50.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €456,858 | €688,649 | +€231,791 | +50.7% |
| Amounts payable | 17/49 | €39,912 | €71,922 | +€32,011 | +80.2% |
| Amounts payable within one year | 42/48 | €35,970 | €67,913 | +€31,944 | +88.8% |
| Trade debts | 44 | €4,957 | - | -€4,957 | |
| Suppliers | 440/4 | €4,957 | - | -€4,957 | |
| Taxes, remuneration and social security | 45 | €1,551 | €3,952 | +€2,401 | +155% |
| Taxes | 450/3 | €1,551 | €3,952 | +€2,401 | +155% |
| Other amounts payable | 47/48 | €29,462 | €63,962 | +€34,499 | +117% |
| Accrued charges and deferred income | 492/3 | €3,942 | €4,009 | +€67 | +1.7% |
| Non-recurring operating income | 76A | €243,748 | €413,959 | +€170,211 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,786 | €17,617 | -€4,169 | -19.1% |
| Other operating charges | 640/8 | €7,418 | €6,987 | -€431 | -5.8% |
| Gross operating margin | 9900 | €306,678 | €463,572 | +€156,894 | +51.2% |
| Operating profit (loss) | 9901 | €277,473 | €438,967 | +€161,494 | +58.2% |
| Financial income | 75/76B | €3,758 | €979 | -€2,779 | -74.0% |
| Recurring financial income | 75 | €3,758 | €979 | -€2,779 | -74.0% |
| Financial charges | 65/66B | €42 | €48 | +€6 | +13.1% |
| Recurring financial charges | 65 | €42 | €48 | +€6 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €281,189 | €439,899 | +€158,710 | +56.4% |
| Income taxes | 67/77 | €89,489 | €140,194 | +€50,705 | +56.7% |
| Profit (loss) for the period | 9904 | €191,700 | €299,705 | +€108,004 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €191,700 | €299,705 | +€108,004 | +56.3% |
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 19 October 2026 via checked.be.