JUDE studio: 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.
JUDE studio
Largest movements
- Receivables within one year +€25,738
up €25,738 (+1,437%), from €1,791 to €27,529
of which Other amounts receivable: +€25,937
- Tangible fixed assets +€3,094
up €3,094 (+16.3%), from €18,986 to €22,079
of which Furniture and vehicles: +€2,218
- Other debts +€60,060
up €60,060 (+7,182%), from €836 to €60,896
- Profit (loss) carried forward -€29,616
no longer reported in 2025 (was €29,616)
- Tax, wage and social debts -€4,286
down €4,286 (-47.2%), from €9,080 to €4,795
of which Remuneration and social security: -€2,685
- Current portion of long-term debt +€1,283
new in 2025: €1,283
- Debts after one year +€1,184
up €1,184 (+5.6%), from €21,003 to €22,187
- Gross operating margin +€34,418
up €34,418 (+356%), from €9,677 to €44,096
- Taxes +€6,552
up €6,552 (+242%), from €2,709 to €9,261
- Depreciation +€2,053
up €2,053 (+522%), from €393 to €2,446
- Other operating charges +€683
up €683 (+589%), from €116 to €799
- Financial charges +€576
up €576 (+82.5%), from €698 to €1,275
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 | €62,426 | €90,781 | +€28,355 | +45.4% |
| Fixed assets | 21/28 | €18,986 | €22,079 | +€3,094 | +16.3% |
| Tangible fixed assets | 22/27 | €18,986 | €22,079 | +€3,094 | +16.3% |
| Furniture and vehicles | 24 | - | €2,218 | +€2,218 | |
| Other tangible fixed assets | 26 | €18,986 | €19,861 | +€875 | +4.6% |
| Current assets | 29/58 | €43,440 | €68,702 | +€25,261 | +58.2% |
| Amounts receivable within one year | 40/41 | €1,791 | €27,529 | +€25,738 | +1,437% |
| Trade receivables | 40 | €379 | €180 | -€199 | -52.5% |
| Other amounts receivable | 41 | €1,412 | €27,349 | +€25,937 | +1,836% |
| Cash at bank and in hand | 54/58 | €41,553 | €41,173 | -€380 | -0.9% |
| Deferred charges and accrued income | 490/1 | €96 | - | -€96 | |
| Total equity and liabilities | 10/49 | €62,426 | €90,781 | +€28,355 | +45.4% |
| Equity | 10/15 | €31,116 | €1,500 | -€29,616 | -95.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,616 | - | -€29,616 | |
| Amounts payable | 17/49 | €31,310 | €89,281 | +€57,971 | +185% |
| Amounts payable after more than one year | 17 | €21,003 | €22,187 | +€1,184 | +5.6% |
| Financial debts | 170/4 | €21,003 | €22,187 | +€1,184 | +5.6% |
| Amounts payable within one year | 42/48 | €10,278 | €67,094 | +€56,816 | +553% |
| Current portion of amounts payable after more than one year | 42 | - | €1,283 | +€1,283 | |
| Trade debts | 44 | €362 | €119 | -€242 | -67.0% |
| Suppliers | 440/4 | €362 | €119 | -€242 | -67.0% |
| Taxes, remuneration and social security | 45 | €9,080 | €4,795 | -€4,286 | -47.2% |
| Taxes | 450/3 | €6,395 | €4,795 | -€1,600 | -25.0% |
| Remuneration and social security | 454/9 | €2,685 | - | -€2,685 | |
| Other amounts payable | 47/48 | €836 | €60,896 | +€60,060 | +7,182% |
| Accrued charges and deferred income | 492/3 | €29 | - | -€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €2,446 | +€2,053 | +522% |
| Other operating charges | 640/8 | €116 | €799 | +€683 | +589% |
| Gross operating margin | 9900 | €9,677 | €44,096 | +€34,418 | +356% |
| Operating profit (loss) | 9901 | €9,168 | €40,851 | +€31,683 | +346% |
| Financial income | 75/76B | €403 | €965 | +€562 | +140% |
| Recurring financial income | 75 | €403 | €965 | +€562 | +140% |
| Financial charges | 65/66B | €698 | €1,275 | +€576 | +82.5% |
| Recurring financial charges | 65 | €698 | €1,275 | +€576 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | €8,873 | €40,541 | +€31,669 | +357% |
| Income taxes | 67/77 | €2,709 | €9,261 | +€6,552 | +242% |
| Profit (loss) for the period | 9904 | €6,164 | €31,281 | +€25,117 | +407% |
| Profit (loss) for the period to be appropriated | 9905 | €6,164 | €31,281 | +€25,117 | +407% |
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 19 October 2026 via checked.be.