JULANO: 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.
JULANO
Largest movements
- Receivables within one year -€120,841
down €120,841 (-52.8%), from €229,061 to €108,221
of which Trade receivables: -€137,045
- Cash +€36,044
up €36,044 (+99.8%), from €36,112 to €72,155
mainly Receivables within one year (+€120,841) and Net result for the year (+€115,122)
- Tangible fixed assets +€27,468
up €27,468 (+8.4%), from €326,601 to €354,069
of which Land and buildings: +€27,924
- Current investments -€19,999
down €19,999 (-40.0%), from €50,000 to €30,001
- Trade debts -€121,985
down €121,985 (-94.8%), from €128,687 to €6,702
- Other debts +€48,000
new in 2025: €48,000
- Reserves +€35,122
up €35,122 (+13.5%), from €260,553 to €295,675
- Debts after one year -€19,255
down €19,255 (-12.1%), from €159,443 to €140,188
- Current portion of long-term debt -€10,880
down €10,880 (-29.2%), from €37,281 to €26,401
- Gross operating margin -€30,608
down €30,608 (-13.6%), from €224,563 to €193,955
- Depreciation -€24,038
down €24,038 (-53.1%), from €45,259 to €21,221
- Taxes -€7,663
down €7,663 (-13.6%), from €56,339 to €48,677
- Financial charges +€5,072
up €5,072 (+100.1%), from €5,068 to €10,140
- Financial income -€2,475
down €2,475 (-46.6%), from €5,310 to €2,835
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 | €650,963 | €572,281 | -€78,682 | -12.1% |
| Fixed assets | 21/28 | €326,632 | €354,100 | +€27,468 | +8.4% |
| Tangible fixed assets | 22/27 | €326,601 | €354,069 | +€27,468 | +8.4% |
| Land and buildings | 22 | €325,917 | €353,841 | +€27,924 | +8.6% |
| Furniture and vehicles | 24 | €684 | €227 | -€456 | -66.7% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €324,331 | €218,182 | -€106,149 | -32.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €229,061 | €108,221 | -€120,841 | -52.8% |
| Trade receivables | 40 | €203,941 | €66,896 | -€137,045 | -67.2% |
| Other amounts receivable | 41 | €25,120 | €41,324 | +€16,204 | +64.5% |
| Current investments | 50/53 | €50,000 | €30,001 | -€19,999 | -40.0% |
| Cash at bank and in hand | 54/58 | €36,112 | €72,155 | +€36,044 | +99.8% |
| Deferred charges and accrued income | 490/1 | €9,158 | €7,805 | -€1,354 | -14.8% |
| Total equity and liabilities | 10/49 | €650,963 | €572,281 | -€78,682 | -12.1% |
| Equity | 10/15 | €260,553 | €295,675 | +€35,122 | +13.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €260,553 | €295,675 | +€35,122 | +13.5% |
| Distributable reserves | 133 | €260,553 | €295,675 | +€35,122 | +13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €390,410 | €276,607 | -€113,804 | -29.1% |
| Amounts payable after more than one year | 17 | €159,443 | €140,188 | -€19,255 | -12.1% |
| Financial debts | 170/4 | €159,443 | €140,188 | -€19,255 | -12.1% |
| Amounts payable within one year | 42/48 | €230,967 | €136,418 | -€94,549 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €37,281 | €26,401 | -€10,880 | -29.2% |
| Trade debts | 44 | €128,687 | €6,702 | -€121,985 | -94.8% |
| Suppliers | 440/4 | €128,687 | €6,702 | -€121,985 | -94.8% |
| Taxes, remuneration and social security | 45 | €64,999 | €55,315 | -€9,684 | -14.9% |
| Taxes | 450/3 | €64,999 | €55,315 | -€9,684 | -14.9% |
| Other amounts payable | 47/48 | - | €48,000 | +€48,000 | |
| Non-recurring operating income | 76A | €9,234 | €0 | -€9,234 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,259 | €21,221 | -€24,038 | -53.1% |
| Other operating charges | 640/8 | €815 | €1,630 | +€815 | +100.0% |
| Gross operating margin | 9900 | €224,563 | €193,955 | -€30,608 | -13.6% |
| Operating profit (loss) | 9901 | €178,489 | €171,104 | -€7,385 | -4.1% |
| Financial income | 75/76B | €5,310 | €2,835 | -€2,475 | -46.6% |
| Recurring financial income | 75 | €5,310 | €2,835 | -€2,475 | -46.6% |
| Financial charges | 65/66B | €5,068 | €10,140 | +€5,072 | +100.1% |
| Recurring financial charges | 65 | €5,068 | €10,140 | +€5,072 | +100.1% |
| Profit (loss) for the period before taxes | 9903 | €178,731 | €163,799 | -€14,932 | -8.4% |
| Income taxes | 67/77 | €56,339 | €48,677 | -€7,663 | -13.6% |
| Profit (loss) for the period | 9904 | €122,392 | €115,122 | -€7,270 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €122,392 | €115,122 | -€7,270 | -5.9% |
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 4 October 2026 via checked.be.