JULARTIS: what changed
Two financial 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.
JULARTIS
Largest movements
- Current investments -€80,000
down €80,000 (-24.2%), from €330,000 to €250,000
- Cash +€72,248
up €72,248 (+209%), from €34,524 to €106,772
mainly Net result for the year (+€86,056) and Current investments (+€80,000)
- Tangible fixed assets +€24,765
up €24,765 (+3.2%), from €763,448 to €788,213
of which Land and buildings: +€32,320
- Receivables within one year +€22,378
up €22,378 (+162%), from €13,776 to €36,153
of which Trade receivables: +€12,942
- Reserves +€86,056
up €86,056 (+14.3%), from €603,843 to €689,898
- Debts after one year -€27,828
down €27,828 (-17.4%), from €159,585 to €131,757
of which Financial debts: -€27,828
- Tax, wage and social debts -€25,063
down €25,063 (-82.6%), from €30,349 to €5,286
- Financial income -€19,392
down €19,392 (-36.3%), from €53,436 to €34,044
- Gross operating margin -€12,382
down €12,382 (-6.7%), from €185,508 to €173,126
- Taxes -€8,338
down €8,338 (-20.9%), from €39,889 to €31,552
- Financial charges +€7,332
up €7,332 (+55.2%), from €13,285 to €20,617
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.
Derived cash bridge
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 | €2,021,077 | €2,060,748 | +€39,670 | +2.0% |
| Fixed assets | 21/28 | €1,640,737 | €1,665,503 | +€24,765 | +1.5% |
| Tangible fixed assets | 22/27 | €763,448 | €788,213 | +€24,765 | +3.2% |
| Land and buildings | 22 | €754,283 | €786,603 | +€32,320 | +4.3% |
| Furniture and vehicles | 24 | €9,165 | €1,610 | -€7,555 | -82.4% |
| Financial fixed assets | 28 | €877,290 | €877,290 | = | 0.0% |
| Current assets | 29/58 | €380,340 | €395,245 | +€14,905 | +3.9% |
| Amounts receivable within one year | 40/41 | €13,776 | €36,153 | +€22,378 | +162% |
| Trade receivables | 40 | €13,549 | €26,492 | +€12,942 | +95.5% |
| Other amounts receivable | 41 | €226 | €9,662 | +€9,435 | +4,174% |
| Current investments | 50/53 | €330,000 | €250,000 | -€80,000 | -24.2% |
| Cash at bank and in hand | 54/58 | €34,524 | €106,772 | +€72,248 | +209% |
| Deferred charges and accrued income | 490/1 | €2,040 | €2,320 | +€280 | +13.7% |
| Total equity and liabilities | 10/49 | €2,021,077 | €2,060,748 | +€39,670 | +2.0% |
| Equity | 10/15 | €1,383,887 | €1,469,943 | +€86,056 | +6.2% |
| Contributions | 10/11 | €635,000 | €635,000 | = | 0.0% |
| Reserves | 13 | €603,843 | €689,898 | +€86,056 | +14.3% |
| Distributable reserves | 133 | €603,843 | €689,898 | +€86,056 | +14.3% |
| Profit (loss) carried forward | 14 | €145,044 | €145,044 | = | 0.0% |
| Amounts payable | 17/49 | €637,190 | €590,805 | -€46,385 | -7.3% |
| Amounts payable after more than one year | 17 | €159,585 | €131,757 | -€27,828 | -17.4% |
| Financial debts | 170/4 | €159,067 | €131,239 | -€27,828 | -17.5% |
| Other amounts payable | 178/9 | €518 | €518 | = | 0.0% |
| Amounts payable within one year | 42/48 | €472,075 | €445,260 | -€26,815 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €26,758 | €27,828 | +€1,070 | +4.0% |
| Trade debts | 44 | €21,653 | €28,199 | +€6,547 | +30.2% |
| Suppliers | 440/4 | €21,653 | €28,199 | +€6,547 | +30.2% |
| Taxes, remuneration and social security | 45 | €30,349 | €5,286 | -€25,063 | -82.6% |
| Taxes | 450/3 | €30,349 | €5,286 | -€25,063 | -82.6% |
| Other amounts payable | 47/48 | €393,315 | €383,947 | -€9,369 | -2.4% |
| Accrued charges and deferred income | 492/3 | €5,530 | €13,788 | +€8,258 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,391 | €58,441 | -€950 | -1.6% |
| Other operating charges | 640/8 | €10,248 | €10,505 | +€257 | +2.5% |
| Gross operating margin | 9900 | €185,508 | €173,126 | -€12,382 | -6.7% |
| Operating profit (loss) | 9901 | €115,868 | €104,180 | -€11,688 | -10.1% |
| Financial income | 75/76B | €53,436 | €34,044 | -€19,392 | -36.3% |
| Recurring financial income | 75 | €53,436 | €34,044 | -€19,392 | -36.3% |
| Financial charges | 65/66B | €13,285 | €20,617 | +€7,332 | +55.2% |
| Recurring financial charges | 65 | €13,285 | €20,617 | +€7,332 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €156,020 | €117,607 | -€38,413 | -24.6% |
| Income taxes | 67/77 | €39,889 | €31,552 | -€8,338 | -20.9% |
| Profit (loss) for the period | 9904 | €116,131 | €86,056 | -€30,075 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,131 | €86,056 | -€30,075 | -25.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.