JUPA: 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.
JUPA
Largest movements
- Stocks and contracts +€30,494
up €30,494 (+208%), from €14,628 to €45,122
- Cash -€25,244
down €25,244 (-12.9%), from €196,366 to €171,122
mainly Stocks and contracts (-€30,494) and Receivables within one year (-€6,588)
- Receivables within one year +€6,588
up €6,588 (+69.9%), from €9,418 to €16,005
of which Other amounts receivable: +€6,612
- Trade debts +€13,629
up €13,629 (+301%), from €4,521 to €18,150
- Profit (loss) carried forward -€2,526
down €2,526 (-1.3%), from €195,188 to €192,662
- Gross operating margin +€9,036
up €9,036 (+83.3%), from -€10,850 to -€1,814
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 | €220,459 | €232,285 | +€11,826 | +5.4% |
| Current assets | 29/58 | €220,459 | €232,285 | +€11,826 | +5.4% |
| Stocks and contracts in progress | 3 | €14,628 | €45,122 | +€30,494 | +208% |
| Stocks | 30/36 | €14,628 | €45,122 | +€30,494 | +208% |
| Amounts receivable within one year | 40/41 | €9,418 | €16,005 | +€6,588 | +69.9% |
| Trade receivables | 40 | €24 | - | -€24 | |
| Other amounts receivable | 41 | €9,393 | €16,005 | +€6,612 | +70.4% |
| Cash at bank and in hand | 54/58 | €196,366 | €171,122 | -€25,244 | -12.9% |
| Deferred charges and accrued income | 490/1 | €48 | €36 | -€11 | -24.0% |
| Total equity and liabilities | 10/49 | €220,459 | €232,285 | +€11,826 | +5.4% |
| Equity | 10/15 | €215,648 | €213,122 | -€2,526 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,188 | €192,662 | -€2,526 | -1.3% |
| Amounts payable | 17/49 | €4,811 | €19,163 | +€14,352 | +298% |
| Amounts payable within one year | 42/48 | €4,521 | €18,150 | +€13,629 | +301% |
| Trade debts | 44 | €4,521 | €18,150 | +€13,629 | +301% |
| Suppliers | 440/4 | €4,521 | €18,150 | +€13,629 | +301% |
| Accrued charges and deferred income | 492/3 | €290 | €1,013 | +€723 | +249% |
| Other operating charges | 640/8 | €525 | €539 | +€14 | +2.7% |
| Gross operating margin | 9900 | -€10,850 | -€1,814 | +€9,036 | +83.3% |
| Operating profit (loss) | 9901 | -€11,375 | -€2,354 | +€9,022 | +79.3% |
| Financial charges | 65/66B | €150 | €173 | +€23 | +15.0% |
| Recurring financial charges | 65 | €150 | €173 | +€23 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,525 | -€2,526 | +€8,999 | +78.1% |
| Profit (loss) for the period | 9904 | -€11,525 | -€2,526 | +€8,999 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,525 | -€2,526 | +€8,999 | +78.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.