JUGO: 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.
JUGO
Largest movements
- Receivables within one year +€84,549
up €84,549 (+820%), from €10,306 to €94,855
of which Trade receivables: +€78,142
- Reserves +€104,216
up €104,216 (+80.4%), from €129,626 to €233,842
of which Distributable reserves: +€104,216
- Debts after one year -€26,552
down €26,552 (-29.4%), from €90,277 to €63,725
- Short-term financial debts +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Tax, wage and social debts -€3,972
down €3,972 (-19.1%), from €20,811 to €16,839
of which Taxes: -€3,816
- Current portion of long-term debt -€3,818
down €3,818 (-12.6%), from €30,369 to €26,552
- Gross operating margin +€80,734
up €80,734 (+114%), from €70,718 to €151,452
- Financial income +€30,185
up €30,185 (+85,148%), from €35 to €30,220
- Staff costs +€22,643
up €22,643 (+85.9%), from €26,356 to €48,999
- Taxes +€11,918
up €11,918 (+123%), from €9,708 to €21,626
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 | €292,377 | €373,234 | +€80,856 | +27.7% |
| Fixed assets | 21/28 | €267,550 | €267,550 | = | 0.0% |
| Financial fixed assets | 28 | €267,550 | €267,550 | = | 0.0% |
| Current assets | 29/58 | €24,827 | €105,684 | +€80,856 | +326% |
| Amounts receivable within one year | 40/41 | €10,306 | €94,855 | +€84,549 | +820% |
| Trade receivables | 40 | €8,915 | €87,057 | +€78,142 | +877% |
| Other amounts receivable | 41 | €1,391 | €7,798 | +€6,407 | +460% |
| Cash at bank and in hand | 54/58 | €12,066 | €10,358 | -€1,708 | -14.2% |
| Deferred charges and accrued income | 490/1 | €2,455 | €470 | -€1,985 | -80.9% |
| Total equity and liabilities | 10/49 | €292,377 | €373,234 | +€80,856 | +27.7% |
| Equity | 10/15 | €135,826 | €240,042 | +€104,216 | +76.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €129,626 | €233,842 | +€104,216 | +80.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €127,766 | €231,982 | +€104,216 | +81.6% |
| Amounts payable | 17/49 | €156,551 | €133,191 | -€23,360 | -14.9% |
| Amounts payable after more than one year | 17 | €90,277 | €63,725 | -€26,552 | -29.4% |
| Financial debts | 170/4 | €90,277 | €63,725 | -€26,552 | -29.4% |
| Amounts payable within one year | 42/48 | €65,887 | €69,466 | +€3,579 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €30,369 | €26,552 | -€3,818 | -12.6% |
| Financial debts | 43 | €10,000 | €20,000 | +€10,000 | +100% |
| Other loans | 439 | €10,000 | €20,000 | +€10,000 | +100% |
| Trade debts | 44 | €4,707 | €3,871 | -€835 | -17.8% |
| Suppliers | 440/4 | €4,707 | €3,871 | -€835 | -17.8% |
| Advances received on contracts in progress | 46 | - | €2,205 | +€2,205 | |
| Taxes, remuneration and social security | 45 | €20,811 | €16,839 | -€3,972 | -19.1% |
| Taxes | 450/3 | €14,282 | €10,466 | -€3,816 | -26.7% |
| Remuneration and social security | 454/9 | €6,530 | €6,373 | -€157 | -2.4% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Remuneration, social security and pensions | 62 | €26,356 | €48,999 | +€22,643 | +85.9% |
| Other operating charges | 640/8 | €659 | €1,328 | +€668 | +101% |
| Gross operating margin | 9900 | €70,718 | €151,452 | +€80,734 | +114% |
| Operating profit (loss) | 9901 | €43,703 | €101,126 | +€57,423 | +131% |
| Financial income | 75/76B | €35 | €30,220 | +€30,185 | +85,148% |
| Recurring financial income | 75 | €35 | €30,220 | +€30,185 | +85,148% |
| Financial charges | 65/66B | €4,614 | €5,504 | +€891 | +19.3% |
| Recurring financial charges | 65 | €4,614 | €5,504 | +€891 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €39,125 | €125,842 | +€86,717 | +222% |
| Income taxes | 67/77 | €9,708 | €21,626 | +€11,918 | +123% |
| Profit (loss) for the period | 9904 | €29,417 | €104,216 | +€74,799 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €29,417 | €104,216 | +€74,799 | +254% |
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.