JUL'S: 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.
JUL'S
Largest movements
- Receivables within one year -€85,102
down €85,102 (-74.7%), from €113,917 to €28,814
of which Other amounts receivable: -€89,318
- Tangible fixed assets -€49,226
down €49,226 (-8.7%), from €568,348 to €519,122
of which Other tangible fixed assets: -€42,144
- Cash +€15,903
up €15,903 (+137.4%), from €11,571 to €27,475
mainly Net result for the year (+€100,836) and Receivables within one year (+€85,102)
- Trade debts -€85,717
down €85,717 (-90.9%), from €94,286 to €8,568
- Other debts -€14,038
down €14,038 (-3.3%), from €429,465 to €415,426
- Tax, wage and social debts -€13,349
down €13,349 (-44.4%), from €30,058 to €16,709
of which Taxes: -€10,291
- Debts after one year -€11,369
down €11,369 (-13.0%), from €87,323 to €75,954
- Staff costs -€72,464
down €72,464 (-22.3%), from €325,251 to €252,787
- Gross operating margin -€35,107
down €35,107 (-7.1%), from €493,056 to €457,948
- Other operating charges +€5,513
up €5,513 (+204.9%), from €2,691 to €8,204
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 | €729,158 | €605,906 | -€123,251 | -16.9% |
| Fixed assets | 21/28 | €568,348 | €519,122 | -€49,226 | -8.7% |
| Tangible fixed assets | 22/27 | €568,348 | €519,122 | -€49,226 | -8.7% |
| Plant, machinery and equipment | 23 | €54,561 | €54,389 | -€172 | -0.3% |
| Furniture and vehicles | 24 | €51,570 | €44,660 | -€6,910 | -13.4% |
| Other tangible fixed assets | 26 | €462,218 | €420,073 | -€42,144 | -9.1% |
| Current assets | 29/58 | €160,809 | €86,784 | -€74,025 | -46.0% |
| Stocks and contracts in progress | 3 | €31,124 | €28,597 | -€2,526 | -8.1% |
| Stocks | 30/36 | €31,124 | €28,597 | -€2,526 | -8.1% |
| Amounts receivable within one year | 40/41 | €113,917 | €28,814 | -€85,102 | -74.7% |
| Trade receivables | 40 | €1,982 | €6,198 | +€4,216 | +212.8% |
| Other amounts receivable | 41 | €111,935 | €22,617 | -€89,318 | -79.8% |
| Cash at bank and in hand | 54/58 | €11,571 | €27,475 | +€15,903 | +137.4% |
| Deferred charges and accrued income | 490/1 | €4,198 | €1,898 | -€2,300 | -54.8% |
| Total equity and liabilities | 10/49 | €729,158 | €605,906 | -€123,251 | -16.9% |
| Equity | 10/15 | €77,043 | €77,879 | +€836 | +1.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,043 | €57,879 | +€836 | +1.5% |
| Amounts payable | 17/49 | €652,114 | €528,027 | -€124,087 | -19.0% |
| Amounts payable after more than one year | 17 | €87,323 | €75,954 | -€11,369 | -13.0% |
| Financial debts | 170/4 | €87,323 | €75,954 | -€11,369 | -13.0% |
| Amounts payable within one year | 42/48 | €564,791 | €452,073 | -€112,718 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €10,982 | €11,369 | +€387 | +3.5% |
| Trade debts | 44 | €94,286 | €8,568 | -€85,717 | -90.9% |
| Suppliers | 440/4 | €94,286 | €8,568 | -€85,717 | -90.9% |
| Taxes, remuneration and social security | 45 | €30,058 | €16,709 | -€13,349 | -44.4% |
| Taxes | 450/3 | €15,893 | €5,602 | -€10,291 | -64.8% |
| Remuneration and social security | 454/9 | €14,165 | €11,108 | -€3,058 | -21.6% |
| Other amounts payable | 47/48 | €429,465 | €415,426 | -€14,038 | -3.3% |
| Remuneration, social security and pensions | 62 | €325,251 | €252,787 | -€72,464 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,005 | €71,724 | +€1,719 | +2.5% |
| Other operating charges | 640/8 | €2,691 | €8,204 | +€5,513 | +204.9% |
| Non-recurring operating charges | 66A | €9,791 | €0 | -€9,791 | -100.0% |
| Gross operating margin | 9900 | €493,056 | €457,948 | -€35,107 | -7.1% |
| Operating profit (loss) | 9901 | €85,318 | €125,234 | +€39,916 | +46.8% |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €15,578 | €18,451 | +€2,874 | +18.4% |
| Recurring financial charges | 65 | €15,578 | €18,451 | +€2,874 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €69,740 | €106,853 | +€37,113 | +53.2% |
| Income taxes | 67/77 | €6,477 | €6,017 | -€460 | -7.1% |
| Profit (loss) for the period | 9904 | €63,263 | €100,836 | +€37,573 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,263 | €100,836 | +€37,573 | +59.4% |
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 7 October 2026 via checked.be.