JUVO: 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.
JUVO
Largest movements
- Receivables within one year +€204,590
up €204,590 (+26.0%), from €787,903 to €992,492
of which Trade receivables: +€198,647
- Cash -€188,964
down €188,964 (-49.8%), from €379,168 to €190,205
mainly Receivables within one year (-€204,590) and Tax, wage and social debts (-€66,303)
- Tangible fixed assets -€16,059
down €16,059 (-31.3%), from €51,312 to €35,254
of which Furniture and vehicles: -€12,661
- Tax, wage and social debts -€66,303
down €66,303 (-19.5%), from €340,644 to €274,341
of which Remuneration and social security: -€62,872
- Accrued charges and deferred income +€35,136
new in 2025: €35,136
- Reserves +€16,202
up €16,202 (+18.5%), from €87,686 to €103,888
of which Distributable reserves: +€16,202
- Staff costs -€177,724
down €177,724 (-9.4%), from €1.9m to €1.7m
- Gross operating margin -€162,026
down €162,026 (-8.1%), from €2.0m to €1.8m
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 | €1,314,347 | €1,293,777 | -€20,570 | -1.6% |
| Fixed assets | 21/28 | €107,763 | €82,220 | -€25,543 | -23.7% |
| Intangible fixed assets | 21 | €48,255 | €38,771 | -€9,484 | -19.7% |
| Tangible fixed assets | 22/27 | €51,312 | €35,254 | -€16,059 | -31.3% |
| Plant, machinery and equipment | 23 | €16,958 | €13,560 | -€3,398 | -20.0% |
| Furniture and vehicles | 24 | €34,354 | €21,693 | -€12,661 | -36.9% |
| Financial fixed assets | 28 | €8,196 | €8,196 | = | 0.0% |
| Current assets | 29/58 | €1,206,583 | €1,211,557 | +€4,973 | +0.4% |
| Amounts receivable within one year | 40/41 | €787,903 | €992,492 | +€204,590 | +26.0% |
| Trade receivables | 40 | €743,845 | €942,492 | +€198,647 | +26.7% |
| Other amounts receivable | 41 | €44,057 | €50,000 | +€5,943 | +13.5% |
| Cash at bank and in hand | 54/58 | €379,168 | €190,205 | -€188,964 | -49.8% |
| Deferred charges and accrued income | 490/1 | €39,513 | €28,860 | -€10,653 | -27.0% |
| Total equity and liabilities | 10/49 | €1,314,347 | €1,293,777 | -€20,570 | -1.6% |
| Equity | 10/15 | €441,510 | €457,712 | +€16,202 | +3.7% |
| Contributions | 10/11 | €353,824 | €353,824 | = | 0.0% |
| Reserves | 13 | €87,686 | €103,888 | +€16,202 | +18.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €87,686 | €103,888 | +€16,202 | +18.5% |
| Amounts payable | 17/49 | €872,837 | €836,065 | -€36,772 | -4.2% |
| Amounts payable within one year | 42/48 | €872,837 | €800,929 | -€71,908 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €142,815 | €139,131 | -€3,684 | -2.6% |
| Credit institutions | 430/8 | €142,815 | €139,131 | -€3,684 | -2.6% |
| Trade debts | 44 | €374,868 | €383,763 | +€8,895 | +2.4% |
| Suppliers | 440/4 | €374,868 | €383,763 | +€8,895 | +2.4% |
| Advances received on contracts in progress | 46 | €11,798 | €1,999 | -€9,798 | -83.1% |
| Taxes, remuneration and social security | 45 | €340,644 | €274,341 | -€66,303 | -19.5% |
| Taxes | 450/3 | €74,124 | €70,693 | -€3,431 | -4.6% |
| Remuneration and social security | 454/9 | €266,520 | €203,648 | -€62,872 | -23.6% |
| Other amounts payable | 47/48 | €2,713 | €1,695 | -€1,018 | -37.5% |
| Accrued charges and deferred income | 492/3 | - | €35,136 | +€35,136 | |
| Remuneration, social security and pensions | 62 | €1,888,350 | €1,710,626 | -€177,724 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,343 | €41,316 | +€3,972 | +10.6% |
| Other operating charges | 640/8 | €1,163 | €1,175 | +€12 | +1.0% |
| Gross operating margin | 9900 | €2,001,628 | €1,839,601 | -€162,026 | -8.1% |
| Operating profit (loss) | 9901 | €74,771 | €86,485 | +€11,713 | +15.7% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €37,045 | €45,194 | +€8,149 | +22.0% |
| Recurring financial charges | 65 | €37,045 | €45,194 | +€8,149 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €37,751 | €41,291 | +€3,540 | +9.4% |
| Income taxes | 67/77 | €30,943 | €25,088 | -€5,854 | -18.9% |
| Profit (loss) for the period | 9904 | €6,808 | €16,202 | +€9,394 | +138.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,808 | €16,202 | +€9,394 | +138.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.