JULAUCO: 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.
JULAUCO
Largest movements
- Financial fixed assets -€97,500
down €97,500 (-100.0%), from €97,500 to €0
- Intangible fixed assets +€38,708
new in 2025: €38,708
- Tangible fixed assets +€16,033
up €16,033 (+58.8%), from €27,280 to €43,313
of which Other tangible fixed assets: +€31,852
- Receivables within one year -€9,580
down €9,580 (-19.2%), from €49,996 to €40,416
of which Trade receivables: -€16,197
- Reserves -€37,200
down €37,200 (-41.4%), from €89,941 to €52,741
- Other debts -€24,029
down €24,029 (-18.6%), from €129,076 to €105,048
- Trade debts +€10,213
up €10,213 (+2834.1%), from €360 to €10,574
- Gross operating margin -€24,303
down €24,303 (-22.3%), from €108,785 to €84,481
- Depreciation +€11,403
up €11,403 (+66.2%), from €17,222 to €28,625
- Taxes -€5,736
down €5,736 (-27.1%), from €21,172 to €15,436
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 | €259,304 | €208,754 | -€50,550 | -19.5% |
| Fixed assets | 21/28 | €124,780 | €82,021 | -€42,759 | -34.3% |
| Intangible fixed assets | 21 | - | €38,708 | +€38,708 | |
| Tangible fixed assets | 22/27 | €27,280 | €43,313 | +€16,033 | +58.8% |
| Furniture and vehicles | 24 | €27,280 | €11,461 | -€15,819 | -58.0% |
| Other tangible fixed assets | 26 | - | €31,852 | +€31,852 | |
| Financial fixed assets | 28 | €97,500 | €0 | -€97,500 | -100.0% |
| Current assets | 29/58 | €134,524 | €126,733 | -€7,791 | -5.8% |
| Amounts receivable within one year | 40/41 | €49,996 | €40,416 | -€9,580 | -19.2% |
| Trade receivables | 40 | €48,650 | €32,453 | -€16,197 | -33.3% |
| Other amounts receivable | 41 | €1,346 | €7,963 | +€6,617 | +491.7% |
| Cash at bank and in hand | 54/58 | €82,546 | €84,080 | +€1,534 | +1.9% |
| Deferred charges and accrued income | 490/1 | €1,982 | €2,237 | +€255 | +12.9% |
| Total equity and liabilities | 10/49 | €259,304 | €208,754 | -€50,550 | -19.5% |
| Equity | 10/15 | €108,541 | €71,341 | -€37,200 | -34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,941 | €52,741 | -€37,200 | -41.4% |
| Distributable reserves | 133 | €89,941 | €52,741 | -€37,200 | -41.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,763 | €137,413 | -€13,350 | -8.9% |
| Amounts payable within one year | 42/48 | €150,763 | €137,402 | -€13,361 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €360 | €10,574 | +€10,213 | +2834.1% |
| Suppliers | 440/4 | €360 | €10,574 | +€10,213 | +2834.1% |
| Taxes, remuneration and social security | 45 | €21,326 | €21,781 | +€455 | +2.1% |
| Taxes | 450/3 | €21,326 | €21,781 | +€455 | +2.1% |
| Other amounts payable | 47/48 | €129,076 | €105,048 | -€24,029 | -18.6% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Non-recurring operating income | 76A | €8,250 | €0 | -€8,250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,222 | €28,625 | +€11,403 | +66.2% |
| Other operating charges | 640/8 | €2,741 | €2,308 | -€433 | -15.8% |
| Gross operating margin | 9900 | €108,785 | €84,481 | -€24,303 | -22.3% |
| Operating profit (loss) | 9901 | €88,821 | €53,548 | -€35,273 | -39.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €305 | €313 | +€8 | +2.5% |
| Recurring financial charges | 65 | €305 | €313 | +€8 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €88,516 | €53,236 | -€35,280 | -39.9% |
| Income taxes | 67/77 | €21,172 | €15,436 | -€5,736 | -27.1% |
| Profit (loss) for the period | 9904 | €67,344 | €37,800 | -€29,544 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,344 | €37,800 | -€29,544 | -43.9% |
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 6 October 2026 via checked.be.