JULAD: 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.
JULAD
Largest movements
- Cash +€64,811
up €64,811 (+93.5%), from €69,310 to €134,121
mainly Net result for the year (+€60,201) and Tax, wage and social debts (+€15,949)
- Deferred charges and accrued income +€5,706
up €5,706 (+1062.2%), from €537 to €6,244
- Tangible fixed assets +€4,351
up €4,351 (+307.5%), from €1,415 to €5,766
of which Plant, machinery and equipment: +€2,889
- Receivables within one year +€2,431
up €2,431 (+81.6%), from €2,980 to €5,411
- Profit (loss) carried forward +€60,201
up €60,201 (+134.9%), from €44,634 to €104,835
- Tax, wage and social debts +€15,949
up €15,949 (+68.3%), from €23,362 to €39,310
- Trade debts +€9,978
up €9,978 (+439.4%), from €2,271 to €12,249
- Debts after one year -€8,196
down €8,196 (-100.0%), from €8,196 to €0
- Gross operating margin +€21,099
up €21,099 (+35.7%), from €59,133 to €80,231
- Taxes +€4,373
up €4,373 (+37.6%), from €11,645 to €16,018
- Financial charges +€1,114
up €1,114 (+57.2%), from €1,947 to €3,062
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 | €94,042 | €171,342 | +€77,300 | +82.2% |
| Fixed assets | 21/28 | €21,215 | €25,566 | +€4,351 | +20.5% |
| Tangible fixed assets | 22/27 | €1,415 | €5,766 | +€4,351 | +307.5% |
| Plant, machinery and equipment | 23 | €1,415 | €4,304 | +€2,889 | +204.2% |
| Furniture and vehicles | 24 | - | €1,462 | +€1,462 | |
| Financial fixed assets | 28 | €19,800 | €19,800 | = | 0.0% |
| Current assets | 29/58 | €72,827 | €145,776 | +€72,949 | +100.2% |
| Amounts receivable within one year | 40/41 | €2,980 | €5,411 | +€2,431 | +81.6% |
| Trade receivables | 40 | €2,980 | €5,411 | +€2,431 | +81.6% |
| Cash at bank and in hand | 54/58 | €69,310 | €134,121 | +€64,811 | +93.5% |
| Deferred charges and accrued income | 490/1 | €537 | €6,244 | +€5,706 | +1062.2% |
| Total equity and liabilities | 10/49 | €94,042 | €171,342 | +€77,300 | +82.2% |
| Equity | 10/15 | €49,634 | €109,835 | +€60,201 | +121.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,634 | €104,835 | +€60,201 | +134.9% |
| Amounts payable | 17/49 | €44,408 | €61,507 | +€17,098 | +38.5% |
| Amounts payable after more than one year | 17 | €8,196 | €0 | -€8,196 | -100.0% |
| Financial debts | 170/4 | €8,196 | €0 | -€8,196 | -100.0% |
| Amounts payable within one year | 42/48 | €36,213 | €61,507 | +€25,294 | +69.8% |
| Current portion of amounts payable after more than one year | 42 | €8,603 | €8,196 | -€407 | -4.7% |
| Trade debts | 44 | €2,271 | €12,249 | +€9,978 | +439.4% |
| Suppliers | 440/4 | €2,271 | €12,249 | +€9,978 | +439.4% |
| Advances received on contracts in progress | 46 | - | €857 | +€857 | |
| Taxes, remuneration and social security | 45 | €23,362 | €39,310 | +€15,949 | +68.3% |
| Taxes | 450/3 | €23,362 | €39,310 | +€15,949 | +68.3% |
| Other amounts payable | 47/48 | €1,977 | €895 | -€1,083 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | €809 | +€624 | +337.5% |
| Other operating charges | 640/8 | €722 | €857 | +€135 | +18.7% |
| Gross operating margin | 9900 | €59,133 | €80,231 | +€21,099 | +35.7% |
| Operating profit (loss) | 9901 | €58,226 | €78,565 | +€20,339 | +34.9% |
| Financial income | 75/76B | - | €716 | +€716 | |
| Recurring financial income | 75 | - | €716 | +€716 | |
| Financial charges | 65/66B | €1,947 | €3,062 | +€1,114 | +57.2% |
| Recurring financial charges | 65 | €1,947 | €3,062 | +€1,114 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €56,279 | €76,220 | +€19,941 | +35.4% |
| Income taxes | 67/77 | €11,645 | €16,018 | +€4,373 | +37.6% |
| Profit (loss) for the period | 9904 | €44,634 | €60,201 | +€15,568 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,634 | €60,201 | +€15,568 | +34.9% |
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 2 October 2026 via checked.be.