JULAU: 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.
JULAU
Largest movements
- Tangible fixed assets -€24,349
down €24,349 (-10.5%), from €231,413 to €207,065
- Current investments -€8,848
down €8,848 (-58.1%), from €15,227 to €6,379
- Receivables within one year +€4,534
up €4,534 (+30.8%), from €14,722 to €19,257
of which Trade receivables: +€2,772
- Current portion of long-term debt -€23,900
down €23,900 (-95.7%), from €24,973 to €1,073
- Tax, wage and social debts -€12,199
down €12,199 (-92.0%), from €13,261 to €1,062
of which Taxes: -€6,190
- Reserves +€9,902
up €9,902 (+532%), from €1,860 to €11,762
- Other debts -€9,629
down €9,629 (-11.8%), from €81,776 to €72,146
- Trade debts +€8,256
up €8,256 (+1,213%), from €681 to €8,937
- Staff costs -€35,436
no longer reported in 2025 (was €35,436)
- Gross operating margin -€34,670
down €34,670 (-44.9%), from €77,263 to €42,593
- Taxes +€1,158
up €1,158 (+32.4%), from €3,579 to €4,737
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,712 | €233,069 | -€28,643 | -10.9% |
| Fixed assets | 21/28 | €231,533 | €207,185 | -€24,349 | -10.5% |
| Tangible fixed assets | 22/27 | €231,413 | €207,065 | -€24,349 | -10.5% |
| Land and buildings | 22 | €208,404 | €199,816 | -€8,588 | -4.1% |
| Plant, machinery and equipment | 23 | €7,473 | €2,493 | -€4,980 | -66.6% |
| Furniture and vehicles | 24 | €15,536 | €4,756 | -€10,780 | -69.4% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €30,179 | €25,884 | -€4,295 | -14.2% |
| Amounts receivable within one year | 40/41 | €14,722 | €19,257 | +€4,534 | +30.8% |
| Trade receivables | 40 | €14,108 | €16,880 | +€2,772 | +19.6% |
| Other amounts receivable | 41 | €614 | €2,377 | +€1,763 | +287% |
| Current investments | 50/53 | €15,227 | €6,379 | -€8,848 | -58.1% |
| Deferred charges and accrued income | 490/1 | €230 | €249 | +€19 | +8.4% |
| Total equity and liabilities | 10/49 | €261,712 | €233,069 | -€28,643 | -10.9% |
| Equity | 10/15 | €139,949 | €149,851 | +€9,902 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,762 | +€9,902 | +532% |
| Distributable reserves | 133 | €1,860 | €11,762 | +€9,902 | +532% |
| Profit (loss) carried forward | 14 | €131,889 | €131,889 | = | 0.0% |
| Amounts payable | 17/49 | €121,763 | €83,218 | -€38,545 | -31.7% |
| Amounts payable after more than one year | 17 | €1,073 | - | -€1,073 | |
| Financial debts | 170/4 | €1,073 | - | -€1,073 | |
| Amounts payable within one year | 42/48 | €120,690 | €83,218 | -€37,472 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €24,973 | €1,073 | -€23,900 | -95.7% |
| Trade debts | 44 | €681 | €8,937 | +€8,256 | +1,213% |
| Suppliers | 440/4 | €681 | €8,937 | +€8,256 | +1,213% |
| Taxes, remuneration and social security | 45 | €13,261 | €1,062 | -€12,199 | -92.0% |
| Taxes | 450/3 | €7,252 | €1,062 | -€6,190 | -85.4% |
| Remuneration and social security | 454/9 | €6,009 | - | -€6,009 | |
| Other amounts payable | 47/48 | €81,776 | €72,146 | -€9,629 | -11.8% |
| Remuneration, social security and pensions | 62 | €35,436 | - | -€35,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,190 | €25,222 | +€32 | +0.1% |
| Other operating charges | 640/8 | €1,988 | €2,601 | +€613 | +30.9% |
| Gross operating margin | 9900 | €77,263 | €42,593 | -€34,670 | -44.9% |
| Operating profit (loss) | 9901 | €14,650 | €14,770 | +€121 | +0.8% |
| Financial income | 75/76B | - | €621 | +€621 | |
| Recurring financial income | 75 | - | €621 | +€621 | |
| Financial charges | 65/66B | €1,377 | €752 | -€625 | -45.4% |
| Recurring financial charges | 65 | €1,377 | €752 | -€625 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €13,273 | €14,639 | +€1,367 | +10.3% |
| Income taxes | 67/77 | €3,579 | €4,737 | +€1,158 | +32.4% |
| Profit (loss) for the period | 9904 | €9,694 | €9,902 | +€208 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,694 | €9,902 | +€208 | +2.1% |
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 14 October 2026 via checked.be.