JULAN: 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.
JULAN
Largest movements
- Tangible fixed assets -€25,572
down €25,572 (-26.8%), from €95,538 to €69,966
of which Plant, machinery and equipment: -€15,604
- Stocks and contracts +€6,665
up €6,665 (+102.5%), from €6,500 to €13,165
- Receivables within one year -€4,342
down €4,342 (-19.1%), from €22,721 to €18,379
of which Trade receivables: -€2,813
- Cash +€2,288
up €2,288 (+3.5%), from €65,756 to €68,044
mainly Other debts (+€45,086) and Depreciation (+€25,572)
- Reserves -€56,310
down €56,310 (-46.7%), from €120,700 to €64,391
- Other debts +€45,086
new in 2025: €45,086
- Tax, wage and social debts -€6,796
down €6,796 (-19.7%), from €34,536 to €27,740
of which Remuneration and social security: -€5,099
- Trade debts -€2,660
down €2,660 (-15.1%), from €17,619 to €14,959
- Gross operating margin +€29,417
up €29,417 (+28.7%), from €102,424 to €131,841
- Staff costs -€3,663
down €3,663 (-3.0%), from €120,271 to €116,608
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 | €192,855 | €172,175 | -€20,680 | -10.7% |
| Fixed assets | 21/28 | €95,638 | €70,066 | -€25,572 | -26.7% |
| Tangible fixed assets | 22/27 | €95,538 | €69,966 | -€25,572 | -26.8% |
| Plant, machinery and equipment | 23 | €58,382 | €42,778 | -€15,604 | -26.7% |
| Furniture and vehicles | 24 | €1,127 | €1,006 | -€121 | -10.7% |
| Other tangible fixed assets | 26 | €36,028 | €26,181 | -€9,847 | -27.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €97,217 | €102,110 | +€4,892 | +5.0% |
| Stocks and contracts in progress | 3 | €6,500 | €13,165 | +€6,665 | +102.5% |
| Stocks | 30/36 | €6,500 | €13,165 | +€6,665 | +102.5% |
| Amounts receivable within one year | 40/41 | €22,721 | €18,379 | -€4,342 | -19.1% |
| Trade receivables | 40 | €2,813 | €0 | -€2,813 | -100.0% |
| Other amounts receivable | 41 | €19,908 | €18,379 | -€1,529 | -7.7% |
| Cash at bank and in hand | 54/58 | €65,756 | €68,044 | +€2,288 | +3.5% |
| Deferred charges and accrued income | 490/1 | €2,240 | €2,522 | +€281 | +12.6% |
| Total equity and liabilities | 10/49 | €192,855 | €172,175 | -€20,680 | -10.7% |
| Equity | 10/15 | €140,700 | €84,391 | -€56,310 | -40.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €120,700 | €64,391 | -€56,310 | -46.7% |
| Distributable reserves | 133 | €120,700 | €64,391 | -€56,310 | -46.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,155 | €87,785 | +€35,630 | +68.3% |
| Amounts payable within one year | 42/48 | €52,155 | €87,785 | +€35,630 | +68.3% |
| Trade debts | 44 | €17,619 | €14,959 | -€2,660 | -15.1% |
| Suppliers | 440/4 | €17,619 | €14,959 | -€2,660 | -15.1% |
| Taxes, remuneration and social security | 45 | €34,536 | €27,740 | -€6,796 | -19.7% |
| Taxes | 450/3 | €7,544 | €5,847 | -€1,697 | -22.5% |
| Remuneration and social security | 454/9 | €26,992 | €21,893 | -€5,099 | -18.9% |
| Other amounts payable | 47/48 | - | €45,086 | +€45,086 | |
| Remuneration, social security and pensions | 62 | €120,271 | €116,608 | -€3,663 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,857 | €25,572 | -€1,285 | -4.8% |
| Other operating charges | 640/8 | €1,398 | €1,819 | +€421 | +30.1% |
| Gross operating margin | 9900 | €102,424 | €131,841 | +€29,417 | +28.7% |
| Operating profit (loss) | 9901 | -€46,101 | -€12,158 | +€33,943 | +73.6% |
| Financial income | 75/76B | €1,247 | €1,394 | +€147 | +11.8% |
| Recurring financial income | 75 | €1,247 | €1,394 | +€147 | +11.8% |
| Financial charges | 65/66B | €45 | €83 | +€38 | +85.6% |
| Recurring financial charges | 65 | €45 | €83 | +€38 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | -€44,899 | -€10,847 | +€34,052 | +75.8% |
| Income taxes | 67/77 | €366 | €377 | +€11 | +3.0% |
| Profit (loss) for the period | 9904 | -€45,265 | -€11,224 | +€34,041 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,265 | -€11,224 | +€34,041 | +75.2% |
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.