JUNICO: 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.
JUNICO
Largest movements
- Tangible fixed assets +€403,051
up €403,051 (+41.1%), from €981,451 to €1.4m
of which Land and buildings: +€325,067
- Debts after one year -€564,481
down €564,481 (-26.6%), from €2.1m to €1.6m
- Other debts +€474,937
up €474,937 (+773%), from €61,420 to €536,357
- Revaluation surpluses +€350,000
new in 2025: €350,000
- Profit (loss) carried forward +€78,447
up €78,447 (+54.4%), from €144,175 to €222,622
- Current portion of long-term debt +€49,315
up €49,315 (+54.7%), from €90,166 to €139,481
- Financial income -€140,029
no longer reported in 2025 (was €140,029)
- Gross operating margin +€92,109
up €92,109 (+90.0%), from €102,380 to €194,489
- Taxes +€29,247
new in 2025: €29,247
- Financial charges -€21,832
down €21,832 (-32.9%), from €66,290 to €44,458
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 | €2,439,928 | €2,850,319 | +€410,391 | +16.8% |
| Fixed assets | 21/28 | €2,353,951 | €2,757,002 | +€403,051 | +17.1% |
| Tangible fixed assets | 22/27 | €981,451 | €1,384,502 | +€403,051 | +41.1% |
| Land and buildings | 22 | €954,445 | €1,279,512 | +€325,067 | +34.1% |
| Furniture and vehicles | 24 | €27,006 | €104,989 | +€77,984 | +289% |
| Financial fixed assets | 28 | €1,372,500 | €1,372,500 | = | 0.0% |
| Current assets | 29/58 | €85,978 | €93,318 | +€7,340 | +8.5% |
| Amounts receivable within one year | 40/41 | €81,966 | €75,112 | -€6,854 | -8.4% |
| Trade receivables | 40 | €57,311 | €792 | -€56,519 | -98.6% |
| Other amounts receivable | 41 | €24,655 | €74,321 | +€49,666 | +201% |
| Cash at bank and in hand | 54/58 | €3,571 | €18,206 | +€14,635 | +410% |
| Deferred charges and accrued income | 490/1 | €441 | - | -€441 | |
| Total equity and liabilities | 10/49 | €2,439,928 | €2,850,319 | +€410,391 | +16.8% |
| Equity | 10/15 | €152,694 | €581,141 | +€428,447 | +281% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €350,000 | +€350,000 | |
| Reserves | 13 | €2,319 | €2,319 | = | 0.0% |
| Tax-exempt reserves | 132 | €459 | €459 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,175 | €222,622 | +€78,447 | +54.4% |
| Amounts payable | 17/49 | €2,287,234 | €2,269,178 | -€18,056 | -0.8% |
| Amounts payable after more than one year | 17 | €2,125,571 | €1,561,090 | -€564,481 | -26.6% |
| Financial debts | 170/4 | €2,125,571 | €1,561,090 | -€564,481 | -26.6% |
| Amounts payable within one year | 42/48 | €161,663 | €708,089 | +€546,426 | +338% |
| Current portion of amounts payable after more than one year | 42 | €90,166 | €139,481 | +€49,315 | +54.7% |
| Trade debts | 44 | - | €2,774 | +€2,774 | |
| Suppliers | 440/4 | - | €2,774 | +€2,774 | |
| Taxes, remuneration and social security | 45 | €10,077 | €29,476 | +€19,399 | +193% |
| Taxes | 450/3 | €10,077 | €29,476 | +€19,399 | +193% |
| Other amounts payable | 47/48 | €61,420 | €536,357 | +€474,937 | +773% |
| Non-recurring operating income | 76A | €1,762 | - | -€1,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,204 | €39,139 | -€66 | -0.2% |
| Other operating charges | 640/8 | €3,644 | €3,199 | -€445 | -12.2% |
| Gross operating margin | 9900 | €102,380 | €194,489 | +€92,109 | +90.0% |
| Operating profit (loss) | 9901 | €59,532 | €152,152 | +€92,620 | +156% |
| Financial income | 75/76B | €140,029 | - | -€140,029 | |
| Recurring financial income | 75 | €140,029 | - | -€140,029 | |
| Financial charges | 65/66B | €66,290 | €44,458 | -€21,832 | -32.9% |
| Recurring financial charges | 65 | €66,290 | €44,458 | -€21,832 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €133,271 | €107,694 | -€25,577 | -19.2% |
| Income taxes | 67/77 | - | €29,247 | +€29,247 | |
| Profit (loss) for the period | 9904 | €133,271 | €78,447 | -€54,824 | -41.1% |
| Transfer to tax-exempt reserves | 689 | €452 | - | -€452 | |
| Profit (loss) for the period to be appropriated | 9905 | €132,819 | €78,447 | -€54,373 | -40.9% |
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 27 October 2026 via checked.be.