JUELLE: what changed
Two fiscal 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.
JUELLE
Largest movements
- Receivables within one year +€36,576
up €36,576 (+20.9%), from €175,279 to €211,855
of which Trade receivables: +€89,985
- Tangible fixed assets -€9,437
down €9,437 (-10.3%), from €91,668 to €82,230
of which Furniture and vehicles: -€10,482
- Reserves +€72,226
up €72,226 (+15.1%), from €479,360 to €551,586
- Short-term financial debts -€48,168
down €48,168 (-85.1%), from €56,596 to €8,428
- Debts after one year -€16,443
down €16,443 (-45.1%), from €36,433 to €19,990
- Other debts +€14,008
up €14,008 (+13.7%), from €102,489 to €116,497
- Gross operating margin -€113,982
down €113,982 (-38.3%), from €297,916 to €183,934
- Taxes +€38,120
up €38,120 (+2411.1%), from €1,581 to €39,701
- Depreciation +€3,387
up €3,387 (+16.0%), from €21,222 to €24,609
- Other operating charges -€3,103
down €3,103 (-51.7%), from €5,997 to €2,895
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.
Cash bridge derived
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 | €727,033 | €755,052 | +€28,020 | +3.9% |
| Fixed assets | 21/28 | €491,690 | €482,230 | -€9,459 | -1.9% |
| Tangible fixed assets | 22/27 | €91,668 | €82,230 | -€9,437 | -10.3% |
| Plant, machinery and equipment | 23 | €152 | €0 | -€152 | -100.0% |
| Furniture and vehicles | 24 | €68,692 | €58,210 | -€10,482 | -15.3% |
| Other tangible fixed assets | 26 | €22,824 | €24,021 | +€1,197 | +5.2% |
| Financial fixed assets | 28 | €400,022 | €400,000 | -€22 | 0.0% |
| Current assets | 29/58 | €235,343 | €272,822 | +€37,479 | +15.9% |
| Amounts receivable within one year | 40/41 | €175,279 | €211,855 | +€36,576 | +20.9% |
| Trade receivables | 40 | €85,986 | €175,971 | +€89,985 | +104.7% |
| Other amounts receivable | 41 | €89,293 | €35,885 | -€53,409 | -59.8% |
| Cash at bank and in hand | 54/58 | €55,872 | €58,385 | +€2,512 | +4.5% |
| Deferred charges and accrued income | 490/1 | €4,191 | €2,582 | -€1,609 | -38.4% |
| Total equity and liabilities | 10/49 | €727,033 | €755,052 | +€28,020 | +3.9% |
| Equity | 10/15 | €491,760 | €563,986 | +€72,226 | +14.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €479,360 | €551,586 | +€72,226 | +15.1% |
| Distributable reserves | 133 | €479,360 | €551,586 | +€72,226 | +15.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €235,273 | €191,067 | -€44,206 | -18.8% |
| Amounts payable after more than one year | 17 | €36,433 | €19,990 | -€16,443 | -45.1% |
| Financial debts | 170/4 | €36,433 | €19,990 | -€16,443 | -45.1% |
| Amounts payable within one year | 42/48 | €198,190 | €170,426 | -€27,764 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €15,829 | €16,443 | +€614 | +3.9% |
| Financial debts | 43 | €56,596 | €8,428 | -€48,168 | -85.1% |
| Credit institutions | 430/8 | €56,596 | €8,428 | -€48,168 | -85.1% |
| Trade debts | 44 | €626 | €4,363 | +€3,737 | +596.6% |
| Suppliers | 440/4 | €626 | €4,363 | +€3,737 | +596.6% |
| Taxes, remuneration and social security | 45 | €22,650 | €24,696 | +€2,046 | +9.0% |
| Taxes | 450/3 | €13,589 | €16,863 | +€3,274 | +24.1% |
| Remuneration and social security | 454/9 | €9,061 | €7,833 | -€1,229 | -13.6% |
| Other amounts payable | 47/48 | €102,489 | €116,497 | +€14,008 | +13.7% |
| Accrued charges and deferred income | 492/3 | €650 | €650 | = | 0.0% |
| Non-recurring operating income | 76A | €195,000 | €0 | -€195,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,616 | €25,023 | +€407 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,222 | €24,609 | +€3,387 | +16.0% |
| Other operating charges | 640/8 | €5,997 | €2,895 | -€3,103 | -51.7% |
| Non-recurring operating charges | 66A | €262,016 | €0 | -€262,016 | -100.0% |
| Gross operating margin | 9900 | €297,916 | €183,934 | -€113,982 | -38.3% |
| Operating profit (loss) | 9901 | -€15,935 | €131,407 | +€147,343 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €3,192 | €5,912 | +€2,720 | +85.2% |
| Recurring financial charges | 65 | €3,192 | €5,912 | +€2,720 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,128 | €125,495 | +€144,623 | |
| Income taxes | 67/77 | €1,581 | €39,701 | +€38,120 | +2411.1% |
| Profit (loss) for the period | 9904 | -€20,709 | €85,795 | +€106,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,709 | €85,795 | +€106,503 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.