JULART: 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.
JULART
Largest movements
- Tangible fixed assets +€9,968
up €9,968 (+32.6%), from €30,591 to €40,559
of which Other tangible fixed assets: +€10,428
- Receivables within one year -€9,084
down €9,084 (-78.3%), from €11,599 to €2,515
of which Trade receivables: -€10,000
- Deferred charges and accrued income -€4,644
down €4,644 (-67.0%), from €6,928 to €2,284
- Cash +€4,004
up €4,004 (+53.6%), from €7,467 to €11,471
mainly Net result for the year (+€22,036) and Depreciation (+€10,052)
- Intangible fixed assets -€3,000
down €3,000 (-20.8%), from €14,431 to €11,431
- Reserves +€18,060
up €18,060 (+485.3%), from €3,722 to €21,782
- Debts after one year -€16,699
down €16,699 (-54.6%), from €30,603 to €13,905
- Other debts -€11,556
down €11,556 (-90.6%), from €12,758 to €1,202
- Profit (loss) carried forward +€3,975
up €3,975, from -€3,975 to €0
- Trade debts +€3,000
up €3,000 (+354.0%), from €847 to €3,847
- Gross operating margin +€26,149
up €26,149 (+115.7%), from €22,602 to €48,751
- Depreciation +€5,653
up €5,653 (+128.5%), from €4,400 to €10,052
- Taxes +€5,023
up €5,023 (+74.9%), from €6,704 to €11,727
- Other operating charges -€1,867
down €1,867 (-36.8%), from €5,069 to €3,201
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 | €94,016 | €91,260 | -€2,757 | -2.9% |
| Fixed assets | 21/28 | €68,022 | €74,990 | +€6,968 | +10.2% |
| Intangible fixed assets | 21 | €14,431 | €11,431 | -€3,000 | -20.8% |
| Tangible fixed assets | 22/27 | €30,591 | €40,559 | +€9,968 | +32.6% |
| Furniture and vehicles | 24 | €2,007 | €1,547 | -€460 | -22.9% |
| Other tangible fixed assets | 26 | €28,584 | €39,012 | +€10,428 | +36.5% |
| Financial fixed assets | 28 | €23,000 | €23,000 | = | 0.0% |
| Current assets | 29/58 | €25,995 | €16,270 | -€9,724 | -37.4% |
| Amounts receivable within one year | 40/41 | €11,599 | €2,515 | -€9,084 | -78.3% |
| Trade receivables | 40 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 41 | €1,599 | €2,515 | +€916 | +57.3% |
| Cash at bank and in hand | 54/58 | €7,467 | €11,471 | +€4,004 | +53.6% |
| Deferred charges and accrued income | 490/1 | €6,928 | €2,284 | -€4,644 | -67.0% |
| Total equity and liabilities | 10/49 | €94,016 | €91,260 | -€2,757 | -2.9% |
| Equity | 10/15 | €25,746 | €47,782 | +€22,036 | +85.6% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Reserves | 13 | €3,722 | €21,782 | +€18,060 | +485.3% |
| Distributable reserves | 133 | €3,722 | €21,782 | +€18,060 | +485.3% |
| Profit (loss) carried forward | 14 | -€3,975 | €0 | +€3,975 | |
| Amounts payable | 17/49 | €68,270 | €43,478 | -€24,792 | -36.3% |
| Amounts payable after more than one year | 17 | €30,603 | €13,905 | -€16,699 | -54.6% |
| Financial debts | 170/4 | €30,603 | €13,905 | -€16,699 | -54.6% |
| Amounts payable within one year | 42/48 | €37,667 | €29,573 | -€8,094 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €16,122 | €16,200 | +€79 | +0.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €847 | €3,847 | +€3,000 | +354.0% |
| Suppliers | 440/4 | €847 | €3,847 | +€3,000 | +354.0% |
| Taxes, remuneration and social security | 45 | €7,940 | €8,323 | +€384 | +4.8% |
| Taxes | 450/3 | €4,940 | €8,323 | +€3,384 | +68.5% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts payable | 47/48 | €12,758 | €1,202 | -€11,556 | -90.6% |
| Non-recurring operating income | 76A | €21,132 | €0 | -€21,132 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,400 | €10,052 | +€5,653 | +128.5% |
| Other operating charges | 640/8 | €5,069 | €3,201 | -€1,867 | -36.8% |
| Non-recurring operating charges | 66A | €4,326 | €0 | -€4,326 | -100.0% |
| Gross operating margin | 9900 | €22,602 | €48,751 | +€26,149 | +115.7% |
| Operating profit (loss) | 9901 | €8,807 | €35,498 | +€26,690 | +303.1% |
| Financial charges | 65/66B | €1,696 | €1,735 | +€39 | +2.3% |
| Recurring financial charges | 65 | €1,696 | €1,735 | +€39 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €7,111 | €33,762 | +€26,652 | +374.8% |
| Income taxes | 67/77 | €6,704 | €11,727 | +€5,023 | +74.9% |
| Profit (loss) for the period | 9904 | €407 | €22,036 | +€21,629 | +5320.3% |
| Profit (loss) for the period to be appropriated | 9905 | €407 | €22,036 | +€21,629 | +5320.3% |
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 5 October 2026 via checked.be.