JUVI: 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.
JUVI
Largest movements
- Current investments -€807,886
down €807,886 (-41.7%), from €1.9m to €1.1m
- Cash +€246,072
up €246,072 (+45.7%), from €538,518 to €784,590
mainly Current investments (+€807,886) and Net result for the year (+€461,939)
- Receivables within one year -€42,450
down €42,450 (-9.5%), from €447,243 to €404,793
of which Trade receivables: -€25,164
- Reserves -€678,161
down €678,161 (-23.9%), from €2.8m to €2.2m
of which Distributable reserves: -€425,561
- Tax, wage and social debts +€62,906
up €62,906 (+87.7%), from €71,725 to €134,631
of which Taxes: +€62,886
- Financial income +€61,478
up €61,478 (+108.7%), from €56,542 to €118,020
- Taxes +€28,656
up €28,656 (+13.3%), from €215,321 to €243,977
- Gross operating margin -€26,824
down €26,824 (-4.3%), from €622,540 to €595,716
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 | €2,935,077 | €2,326,537 | -€608,541 | -20.7% |
| Fixed assets | 21/28 | €9,583 | €5,388 | -€4,194 | -43.8% |
| Tangible fixed assets | 22/27 | €9,583 | €5,388 | -€4,194 | -43.8% |
| Furniture and vehicles | 24 | €9,583 | €5,388 | -€4,194 | -43.8% |
| Current assets | 29/58 | €2,925,495 | €2,321,148 | -€604,346 | -20.7% |
| Amounts receivable within one year | 40/41 | €447,243 | €404,793 | -€42,450 | -9.5% |
| Trade receivables | 40 | €429,957 | €404,793 | -€25,164 | -5.9% |
| Other amounts receivable | 41 | €17,286 | - | -€17,286 | |
| Current investments | 50/53 | €1,939,651 | €1,131,765 | -€807,886 | -41.7% |
| Cash at bank and in hand | 54/58 | €538,518 | €784,590 | +€246,072 | +45.7% |
| Deferred charges and accrued income | 490/1 | €83 | - | -€83 | |
| Total equity and liabilities | 10/49 | €2,935,077 | €2,326,537 | -€608,541 | -20.7% |
| Equity | 10/15 | €2,861,253 | €2,183,092 | -€678,161 | -23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,842,653 | €2,164,492 | -€678,161 | -23.9% |
| Tax-exempt reserves | 132 | €378,900 | €126,300 | -€252,600 | -66.7% |
| Distributable reserves | 133 | €2,463,753 | €2,038,192 | -€425,561 | -17.3% |
| Amounts payable | 17/49 | €73,824 | €143,445 | +€69,621 | +94.3% |
| Amounts payable within one year | 42/48 | €73,824 | €143,445 | +€69,621 | +94.3% |
| Trade debts | 44 | €1,709 | €540 | -€1,169 | -68.4% |
| Suppliers | 440/4 | €1,709 | €540 | -€1,169 | -68.4% |
| Taxes, remuneration and social security | 45 | €71,725 | €134,631 | +€62,906 | +87.7% |
| Taxes | 450/3 | €69,219 | €132,105 | +€62,886 | +90.9% |
| Remuneration and social security | 454/9 | €2,506 | €2,526 | +€20 | +0.8% |
| Other amounts payable | 47/48 | €390 | €8,274 | +€7,884 | +2022.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,520 | €4,194 | -€326 | -7.2% |
| Other operating charges | 640/8 | €697 | €718 | +€21 | +3.0% |
| Gross operating margin | 9900 | €622,540 | €595,716 | -€26,824 | -4.3% |
| Operating profit (loss) | 9901 | €617,323 | €590,803 | -€26,519 | -4.3% |
| Financial income | 75/76B | €56,542 | €118,020 | +€61,478 | +108.7% |
| Recurring financial income | 75 | €56,542 | €118,020 | +€61,478 | +108.7% |
| Financial charges | 65/66B | €1,777 | €2,908 | +€1,131 | +63.7% |
| Recurring financial charges | 65 | €1,777 | €2,908 | +€1,131 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €672,088 | €705,915 | +€33,827 | +5.0% |
| Income taxes | 67/77 | €215,321 | €243,977 | +€28,656 | +13.3% |
| Profit (loss) for the period | 9904 | €456,767 | €461,939 | +€5,172 | +1.1% |
| Transfer from tax-exempt reserves | 789 | €168,400 | €252,600 | +€84,200 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €625,167 | €714,539 | +€89,372 | +14.3% |
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 29 September 2026 via checked.be.