JUWA: 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.
JUWA
Largest movements
- Tangible fixed assets -€8,360
down €8,360 (-22.9%), from €36,574 to €28,214
of which Other tangible fixed assets: -€5,973
- Reserves +€11,213
up €11,213 (+11.9%), from €93,981 to €105,194
- Other debts -€9,317
down €9,317 (-38.4%), from €24,244 to €14,927
- Tax, wage and social debts -€6,436
down €6,436 (-62.1%), from €10,364 to €3,927
- Accrued charges and deferred income -€1,765
no longer reported in 2025 (was €1,765)
- Gross operating margin -€12,576
down €12,576 (-21.0%), from €59,892 to €47,316
- Taxes -€5,049
down €5,049 (-33.3%), from €15,141 to €10,092
- Other operating charges +€2,789
up €2,789 (+1,872%), from €149 to €2,938
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 | €149,769 | €143,648 | -€6,121 | -4.1% |
| Fixed assets | 21/28 | €36,574 | €28,214 | -€8,360 | -22.9% |
| Tangible fixed assets | 22/27 | €36,574 | €28,214 | -€8,360 | -22.9% |
| Plant, machinery and equipment | 23 | €7,122 | €4,735 | -€2,387 | -33.5% |
| Other tangible fixed assets | 26 | €29,452 | €23,479 | -€5,973 | -20.3% |
| Current assets | 29/58 | €113,195 | €115,434 | +€2,240 | +2.0% |
| Stocks and contracts in progress | 3 | €5,028 | €5,485 | +€457 | +9.1% |
| Stocks | 30/36 | €5,028 | €5,485 | +€457 | +9.1% |
| Amounts receivable within one year | 40/41 | €1,376 | €1,619 | +€243 | +17.7% |
| Other amounts receivable | 41 | €1,376 | €1,619 | +€243 | +17.7% |
| Cash at bank and in hand | 54/58 | €104,633 | €105,467 | +€833 | +0.8% |
| Deferred charges and accrued income | 490/1 | €2,157 | €2,864 | +€706 | +32.7% |
| Total equity and liabilities | 10/49 | €149,769 | €143,648 | -€6,121 | -4.1% |
| Equity | 10/15 | €112,581 | €123,794 | +€11,213 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,981 | €105,194 | +€11,213 | +11.9% |
| Distributable reserves | 133 | €93,981 | €105,194 | +€11,213 | +11.9% |
| Amounts payable | 17/49 | €37,187 | €19,854 | -€17,333 | -46.6% |
| Amounts payable within one year | 42/48 | €35,422 | €19,854 | -€15,568 | -44.0% |
| Trade debts | 44 | €814 | €1,000 | +€185 | +22.8% |
| Suppliers | 440/4 | €814 | €1,000 | +€185 | +22.8% |
| Taxes, remuneration and social security | 45 | €10,364 | €3,927 | -€6,436 | -62.1% |
| Taxes | 450/3 | €10,364 | €3,927 | -€6,436 | -62.1% |
| Other amounts payable | 47/48 | €24,244 | €14,927 | -€9,317 | -38.4% |
| Accrued charges and deferred income | 492/3 | €1,765 | - | -€1,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,783 | €8,360 | +€578 | +7.4% |
| Other operating charges | 640/8 | €149 | €2,938 | +€2,789 | +1,872% |
| Gross operating margin | 9900 | €59,892 | €47,316 | -€12,576 | -21.0% |
| Operating profit (loss) | 9901 | €51,960 | €36,018 | -€15,943 | -30.7% |
| Financial income | 75/76B | €23 | €10 | -€13 | -57.4% |
| Recurring financial income | 75 | €23 | €10 | -€13 | -57.4% |
| Financial charges | 65/66B | €510 | €437 | -€73 | -14.4% |
| Recurring financial charges | 65 | €510 | €437 | -€73 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €51,473 | €35,591 | -€15,882 | -30.9% |
| Income taxes | 67/77 | €15,141 | €10,092 | -€5,049 | -33.3% |
| Profit (loss) for the period | 9904 | €36,332 | €25,499 | -€10,833 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,332 | €25,499 | -€10,833 | -29.8% |
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 16 October 2026 via checked.be.