JULAR: 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.
JULAR
Largest movements
- Financial fixed assets -€614,284
down €614,284 (-76.8%), from €800,000 to €185,716
- Current investments -€449,492
down €449,492 (-66.5%), from €675,481 to €225,989
- Tangible fixed assets -€161,428
down €161,428 (-3.4%), from €4.7m to €4.5m
of which Land and buildings: -€147,303
- Receivables within one year +€160,389
up €160,389 (+534.6%), from €30,000 to €190,389
of which Other amounts receivable: +€160,389
- Profit (loss) carried forward -€765,948
down €765,948, from €0 to -€765,948
- Debts after one year -€262,628
down €262,628 (-9.1%), from €2.9m to €2.6m
- Other debts +€78,121
up €78,121 (+29.2%), from €267,789 to €345,910
- Financial income -€998,058
down €998,058 (-97.1%), from €1.0m to €30,034
of which Financial income: -€998,058
- Gross operating margin -€987,795
down €987,795 (-86.4%), from €1.1m to €155,639
- Financial charges +€654,842
up €654,842 (+467.8%), from €139,971 to €794,814
of which Non-recurring financial charges: +€714,284
- Taxes -€326,343
down €326,343, from €326,118 to -€225
- Depreciation -€117,333
down €117,333 (-42.1%), from €278,760 to €161,428
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 | €6,454,249 | €5,452,015 | -€1.0m | -15.5% |
| Fixed assets | 21/28 | €5,504,829 | €4,729,117 | -€775,712 | -14.1% |
| Tangible fixed assets | 22/27 | €4,704,829 | €4,543,401 | -€161,428 | -3.4% |
| Land and buildings | 22 | €4,428,154 | €4,280,852 | -€147,303 | -3.3% |
| Plant, machinery and equipment | 23 | €191 | €165 | -€26 | -13.6% |
| Furniture and vehicles | 24 | €50,327 | €45,452 | -€4,875 | -9.7% |
| Other tangible fixed assets | 26 | €226,156 | €216,932 | -€9,224 | -4.1% |
| Financial fixed assets | 28 | €800,000 | €185,716 | -€614,284 | -76.8% |
| Current assets | 29/58 | €949,420 | €722,898 | -€226,522 | -23.9% |
| Amounts receivable within one year | 40/41 | €30,000 | €190,389 | +€160,389 | +534.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €30,000 | €190,389 | +€160,389 | +534.6% |
| Current investments | 50/53 | €675,481 | €225,989 | -€449,492 | -66.5% |
| Cash at bank and in hand | 54/58 | €237,075 | €294,011 | +€56,936 | +24.0% |
| Deferred charges and accrued income | 490/1 | €6,864 | €12,509 | +€5,645 | +82.2% |
| Total equity and liabilities | 10/49 | €6,454,249 | €5,452,015 | -€1.0m | -15.5% |
| Equity | 10/15 | €2,789,027 | €2,003,139 | -€785,888 | -28.2% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €2,439,027 | €2,419,087 | -€19,940 | -0.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €370,826 | €350,886 | -€19,940 | -5.4% |
| Distributable reserves | 133 | €2,068,201 | €2,068,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€765,948 | -€765,948 | |
| Provisions and deferred taxes | 16 | €163,407 | €154,585 | -€8,822 | -5.4% |
| Deferred taxes | 168 | €163,407 | €154,585 | -€8,822 | -5.4% |
| Amounts payable | 17/49 | €3,501,814 | €3,294,290 | -€207,523 | -5.9% |
| Amounts payable after more than one year | 17 | €2,876,558 | €2,613,930 | -€262,628 | -9.1% |
| Financial debts | 170/4 | €2,876,558 | €2,613,930 | -€262,628 | -9.1% |
| Amounts payable within one year | 42/48 | €613,310 | €668,541 | +€55,231 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €258,565 | €262,628 | +€4,063 | +1.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €58,795 | €55,758 | -€3,037 | -5.2% |
| Suppliers | 440/4 | €58,795 | €55,758 | -€3,037 | -5.2% |
| Taxes, remuneration and social security | 45 | €28,161 | €4,246 | -€23,915 | -84.9% |
| Taxes | 450/3 | €28,161 | €4,246 | -€23,915 | -84.9% |
| Other amounts payable | 47/48 | €267,789 | €345,910 | +€78,121 | +29.2% |
| Accrued charges and deferred income | 492/3 | €11,946 | €11,819 | -€127 | -1.1% |
| Non-recurring operating income | 76A | €816,416 | €0 | -€816,416 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,760 | €161,428 | -€117,333 | -42.1% |
| Other operating charges | 640/8 | €25,007 | €24,367 | -€640 | -2.6% |
| Gross operating margin | 9900 | €1,143,434 | €155,639 | -€987,795 | -86.4% |
| Operating profit (loss) | 9901 | €839,666 | -€30,155 | -€869,822 | |
| Financial income | 75/76B | €1,028,092 | €30,034 | -€998,058 | -97.1% |
| Recurring financial income | 75 | €1,028,092 | €30,034 | -€998,058 | -97.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €139,971 | €794,814 | +€654,842 | +467.8% |
| Recurring financial charges | 65 | €139,971 | €80,530 | -€59,442 | -42.5% |
| Non-recurring financial charges | 66B | - | €714,284 | +€714,284 | |
| Profit (loss) for the period before taxes | 9903 | €1,727,787 | -€794,935 | -€2.5m | |
| Transfer from deferred taxes | 780 | €8,822 | €8,822 | = | 0.0% |
| Income taxes | 67/77 | €326,118 | -€225 | -€326,343 | |
| Profit (loss) for the period | 9904 | €1,410,492 | -€785,888 | -€2.2m | |
| Transfer from tax-exempt reserves | 789 | €19,940 | €19,940 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,430,432 | -€765,948 | -€2.2m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.