JULAU: 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.
JULAU
Largest movements
- Tangible fixed assets -€36,110
down €36,110 (-8.3%), from €435,602 to €399,492
of which Land and buildings: -€19,803
- Cash +€26,813
up €26,813 (+11.8%), from €227,311 to €254,124
mainly Net result for the year (+€103,368) and Depreciation (+€36,110)
- Debts after one year -€38,222
down €38,222 (-11.7%), from €325,659 to €287,437
- Other debts +€33,691
up €33,691 (+20.9%), from €161,221 to €194,913
- Tax, wage and social debts -€19,164
down €19,164 (-52.0%), from €36,868 to €17,704
of which Remuneration and social security: -€22,163
- Reserves +€13,963
up €13,963 (+2.6%), from €533,486 to €547,449
of which Distributable reserves: +€13,963
- Gross operating margin +€18,883
up €18,883 (+10.4%), from €181,849 to €200,732
- Financial income +€10,896
up €10,896 (+81.3%), from €13,402 to €24,299
- Taxes +€3,559
up €3,559 (+8.3%), from €42,704 to €46,263
- Financial charges -€3,503
down €3,503 (-20.5%), from €17,121 to €13,618
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 | €1,126,081 | €1,115,008 | -€11,073 | -1.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €496,764 | €460,654 | -€36,110 | -7.3% |
| Tangible fixed assets | 22/27 | €435,602 | €399,492 | -€36,110 | -8.3% |
| Land and buildings | 22 | €379,858 | €360,055 | -€19,803 | -5.2% |
| Plant, machinery and equipment | 23 | €1,721 | €1,176 | -€544 | -31.6% |
| Furniture and vehicles | 24 | €54,023 | €38,260 | -€15,763 | -29.2% |
| Financial fixed assets | 28 | €61,162 | €61,162 | = | 0.0% |
| Current assets | 29/58 | €629,317 | €654,354 | +€25,037 | +4.0% |
| Current investments | 50/53 | €399,710 | €398,530 | -€1,180 | -0.3% |
| Cash at bank and in hand | 54/58 | €227,311 | €254,124 | +€26,813 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,296 | €1,700 | -€596 | -25.9% |
| Total equity and liabilities | 10/49 | €1,126,081 | €1,115,008 | -€11,073 | -1.0% |
| Equity | 10/15 | €552,036 | €565,999 | +€13,963 | +2.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €533,486 | €547,449 | +€13,963 | +2.6% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €470,336 | €484,299 | +€13,963 | +3.0% |
| Amounts payable | 17/49 | €574,044 | €549,008 | -€25,036 | -4.4% |
| Amounts payable after more than one year | 17 | €325,659 | €287,437 | -€38,222 | -11.7% |
| Financial debts | 170/4 | €325,659 | €287,437 | -€38,222 | -11.7% |
| Amounts payable within one year | 42/48 | €246,352 | €259,508 | +€13,156 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €37,737 | €38,222 | +€485 | +1.3% |
| Financial debts | 43 | €6,000 | €6,000 | = | 0.0% |
| Other loans | 439 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €4,525 | €2,669 | -€1,857 | -41.0% |
| Suppliers | 440/4 | €4,525 | €2,669 | -€1,857 | -41.0% |
| Taxes, remuneration and social security | 45 | €36,868 | €17,704 | -€19,164 | -52.0% |
| Taxes | 450/3 | €14,706 | €17,704 | +€2,998 | +20.4% |
| Remuneration and social security | 454/9 | €22,163 | - | -€22,163 | |
| Other amounts payable | 47/48 | €161,221 | €194,913 | +€33,691 | +20.9% |
| Accrued charges and deferred income | 492/3 | €2,033 | €2,064 | +€31 | +1.5% |
| Non-recurring operating income | 76A | €3,628 | - | -€3,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,518 | €36,110 | +€593 | +1.7% |
| Other operating charges | 640/8 | €4,601 | €4,621 | +€20 | +0.4% |
| Gross operating margin | 9900 | €181,849 | €200,732 | +€18,883 | +10.4% |
| Operating profit (loss) | 9901 | €141,730 | €160,001 | +€18,270 | +12.9% |
| Financial income | 75/76B | €13,402 | €24,299 | +€10,896 | +81.3% |
| Recurring financial income | 75 | €13,402 | €24,299 | +€10,896 | +81.3% |
| Financial charges | 65/66B | €17,121 | €13,618 | -€3,503 | -20.5% |
| Recurring financial charges | 65 | €17,121 | €13,618 | -€3,503 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €138,011 | €170,681 | +€32,670 | +23.7% |
| Transfer to deferred taxes | 680 | €21,050 | €21,050 | = | 0.0% |
| Income taxes | 67/77 | €42,704 | €46,263 | +€3,559 | +8.3% |
| Profit (loss) for the period | 9904 | €74,257 | €103,368 | +€29,111 | +39.2% |
| Transfer from tax-exempt reserves | 789 | €21,050 | €21,050 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,307 | €124,418 | +€29,111 | +30.5% |
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.