JULABEL: 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.
JULABEL
Largest movements
- Cash -€6,748
down €6,748 (-88.5%), from €7,624 to €875
mainly Investment in fixed assets (net) (-€12,105) and Tax, wage and social debts (-€7,603)
- Deferred charges and accrued income -€2,749
down €2,749 (-18.7%), from €14,734 to €11,985
- Intangible fixed assets -€2,001
down €2,001 (-68.0%), from €2,944 to €943
- Tax, wage and social debts -€7,603
down €7,603 (-68.6%), from €11,084 to €3,481
of which Taxes: -€7,603
- Profit (loss) carried forward -€6,469
down €6,469 (-87.1%), from €7,427 to €957
- Other debts +€3,306
up €3,306 (+61.3%), from €5,391 to €8,696
- Current portion of long-term debt +€1,273
up €1,273 (+28.0%), from €4,543 to €5,816
- Debts after one year -€987
down €987 (-13.1%), from €7,538 to €6,551
- Gross operating margin -€6,567
down €6,567 (-41.3%), from €15,900 to €9,333
- Depreciation -€4,274
down €4,274 (-24.0%), from €17,807 to €13,532
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 | €60,875 | €50,442 | -€10,433 | -17.1% |
| Fixed assets | 21/28 | €34,820 | €33,393 | -€1,427 | -4.1% |
| Intangible fixed assets | 21 | €2,944 | €943 | -€2,001 | -68.0% |
| Tangible fixed assets | 22/27 | €31,718 | €32,292 | +€574 | +1.8% |
| Plant, machinery and equipment | 23 | €10,546 | €12,572 | +€2,027 | +19.2% |
| Furniture and vehicles | 24 | €3,976 | €4,762 | +€786 | +19.8% |
| Other tangible fixed assets | 26 | €17,196 | €14,957 | -€2,239 | -13.0% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €26,055 | €17,049 | -€9,006 | -34.6% |
| Amounts receivable within one year | 40/41 | €3,697 | €4,188 | +€491 | +13.3% |
| Trade receivables | 40 | €3,030 | €3,888 | +€858 | +28.3% |
| Other amounts receivable | 41 | €667 | €301 | -€366 | -54.9% |
| Cash at bank and in hand | 54/58 | €7,624 | €875 | -€6,748 | -88.5% |
| Deferred charges and accrued income | 490/1 | €14,734 | €11,985 | -€2,749 | -18.7% |
| Total equity and liabilities | 10/49 | €60,875 | €50,442 | -€10,433 | -17.1% |
| Equity | 10/15 | €27,887 | €21,417 | -€6,469 | -23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,427 | €957 | -€6,469 | -87.1% |
| Amounts payable | 17/49 | €32,989 | €29,025 | -€3,964 | -12.0% |
| Amounts payable after more than one year | 17 | €7,538 | €6,551 | -€987 | -13.1% |
| Financial debts | 170/4 | €7,538 | €6,551 | -€987 | -13.1% |
| Amounts payable within one year | 42/48 | €25,451 | €22,474 | -€2,977 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €4,543 | €5,816 | +€1,273 | +28.0% |
| Trade debts | 44 | €4,433 | €4,480 | +€48 | +1.1% |
| Suppliers | 440/4 | €4,433 | €4,480 | +€48 | +1.1% |
| Taxes, remuneration and social security | 45 | €11,084 | €3,481 | -€7,603 | -68.6% |
| Taxes | 450/3 | €10,084 | €2,481 | -€7,603 | -75.4% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,391 | €8,696 | +€3,306 | +61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,807 | €13,532 | -€4,274 | -24.0% |
| Other operating charges | 640/8 | €854 | €993 | +€138 | +16.2% |
| Gross operating margin | 9900 | €15,900 | €9,333 | -€6,567 | -41.3% |
| Operating profit (loss) | 9901 | -€2,761 | -€5,192 | -€2,431 | -88.0% |
| Financial income | 75/76B | - | €81 | +€81 | |
| Recurring financial income | 75 | - | €81 | +€81 | |
| Financial charges | 65/66B | €1,020 | €1,059 | +€38 | +3.7% |
| Recurring financial charges | 65 | €1,020 | €1,059 | +€38 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,782 | -€6,170 | -€2,388 | -63.2% |
| Income taxes | 67/77 | €333 | €299 | -€34 | -10.1% |
| Profit (loss) for the period | 9904 | -€4,115 | -€6,469 | -€2,355 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,115 | -€6,469 | -€2,355 | -57.2% |
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 4 October 2026 via checked.be.