JULAW: 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.
JULAW
Largest movements
- Cash +€35,216
up €35,216 (+54.3%), from €64,906 to €100,122
mainly Other debts (+€100,000) and Net result for the year (+€51,479)
- Receivables within one year +€7,136
up €7,136 (+65.4%), from €10,915 to €18,051
of which Trade receivables: +€5,255
- Deferred charges and accrued income +€2,964
up €2,964 (+4,067%), from €73 to €3,037
- Tangible fixed assets +€1,852
up €1,852 (+102%), from €1,809 to €3,661
of which Other tangible fixed assets: +€2,344
- Other debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€48,521
down €48,521 (-82.0%), from €59,150 to €10,630
- Tax, wage and social debts -€2,261
down €2,261 (-19.0%), from €11,896 to €9,635
- Trade debts -€2,051
down €2,051 (-56.1%), from €3,657 to €1,606
- Gross operating margin +€27,728
up €27,728 (+73.4%), from €37,797 to €65,525
- Taxes +€6,150
up €6,150 (+77.3%), from €7,955 to €14,105
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 | €77,703 | €124,871 | +€47,167 | +60.7% |
| Fixed assets | 21/28 | €1,809 | €3,661 | +€1,852 | +102% |
| Tangible fixed assets | 22/27 | €1,809 | €3,661 | +€1,852 | +102% |
| Furniture and vehicles | 24 | €1,809 | €1,318 | -€492 | -27.2% |
| Other tangible fixed assets | 26 | - | €2,344 | +€2,344 | |
| Current assets | 29/58 | €75,894 | €121,210 | +€45,315 | +59.7% |
| Amounts receivable within one year | 40/41 | €10,915 | €18,051 | +€7,136 | +65.4% |
| Trade receivables | 40 | €3,875 | €9,130 | +€5,255 | +136% |
| Other amounts receivable | 41 | €7,040 | €8,921 | +€1,881 | +26.7% |
| Cash at bank and in hand | 54/58 | €64,906 | €100,122 | +€35,216 | +54.3% |
| Deferred charges and accrued income | 490/1 | €73 | €3,037 | +€2,964 | +4,067% |
| Total equity and liabilities | 10/49 | €77,703 | €124,871 | +€47,167 | +60.7% |
| Equity | 10/15 | €62,150 | €13,630 | -€48,521 | -78.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,150 | €10,630 | -€48,521 | -82.0% |
| Amounts payable | 17/49 | €15,553 | €111,241 | +€95,688 | +615% |
| Amounts payable within one year | 42/48 | €15,553 | €111,241 | +€95,688 | +615% |
| Trade debts | 44 | €3,657 | €1,606 | -€2,051 | -56.1% |
| Suppliers | 440/4 | €3,657 | €1,606 | -€2,051 | -56.1% |
| Taxes, remuneration and social security | 45 | €11,896 | €9,635 | -€2,261 | -19.0% |
| Taxes | 450/3 | €11,896 | €9,635 | -€2,261 | -19.0% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €347 | €0 | -€347 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157 | €492 | +€335 | +213% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €37,797 | €65,525 | +€27,728 | +73.4% |
| Operating profit (loss) | 9901 | €37,292 | €65,033 | +€27,740 | +74.4% |
| Financial income | 75/76B | €412 | €643 | +€231 | +56.1% |
| Recurring financial income | 75 | €412 | €643 | +€231 | +56.1% |
| Financial charges | 65/66B | €149 | €92 | -€58 | -38.6% |
| Recurring financial charges | 65 | €149 | €92 | -€58 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €37,555 | €65,584 | +€28,029 | +74.6% |
| Income taxes | 67/77 | €7,955 | €14,105 | +€6,150 | +77.3% |
| Profit (loss) for the period | 9904 | €29,600 | €51,479 | +€21,879 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,600 | €51,479 | +€21,879 | +73.9% |
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 20 October 2026 via checked.be.