Julco: 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.
Julco
Largest movements
- Cash +€45,856
up €45,856 (+203.1%), from €22,577 to €68,433
mainly Net result for the year (+€45,898) and Depreciation (+€9,859)
- Tangible fixed assets -€8,572
down €8,572 (-20.9%), from €40,979 to €32,406
of which Furniture and vehicles: -€9,735
- Receivables within one year +€1,301
up €1,301 (+7.6%), from €17,091 to €18,392
- Reserves +€45,065
up €45,065 (+153.1%), from €29,429 to €74,494
- Debts after one year -€9,754
down €9,754 (-41.6%), from €23,442 to €13,688
- Tax, wage and social debts +€8,158
up €8,158 (+66.5%), from €12,265 to €20,423
- Other debts -€3,008
down €3,008 (-78.1%), from €3,851 to €843
- Contributions -€2,900
down €2,900 (-96.7%), from €3,000 to €100
- Gross operating margin +€25,184
up €25,184 (+55.0%), from €45,804 to €70,988
- Taxes +€5,089
up €5,089 (+62.0%), from €8,202 to €13,291
- Depreciation +€4,068
up €4,068 (+70.3%), from €5,791 to €9,859
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 | €81,442 | €120,027 | +€38,586 | +47.4% |
| Fixed assets | 21/28 | €40,979 | €32,406 | -€8,572 | -20.9% |
| Tangible fixed assets | 22/27 | €40,979 | €32,406 | -€8,572 | -20.9% |
| Furniture and vehicles | 24 | €40,979 | €31,244 | -€9,735 | -23.8% |
| Other tangible fixed assets | 26 | - | €1,162 | +€1,162 | |
| Current assets | 29/58 | €40,463 | €87,621 | +€47,158 | +116.5% |
| Amounts receivable within one year | 40/41 | €17,091 | €18,392 | +€1,301 | +7.6% |
| Trade receivables | 40 | €17,091 | €18,392 | +€1,301 | +7.6% |
| Cash at bank and in hand | 54/58 | €22,577 | €68,433 | +€45,856 | +203.1% |
| Deferred charges and accrued income | 490/1 | €794 | €796 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €81,442 | €120,027 | +€38,586 | +47.4% |
| Equity | 10/15 | €32,429 | €74,594 | +€42,165 | +130.0% |
| Contributions | 10/11 | €3,000 | €100 | -€2,900 | -96.7% |
| Reserves | 13 | €29,429 | €74,494 | +€45,065 | +153.1% |
| Distributable reserves | 133 | €29,429 | €74,494 | +€45,065 | +153.1% |
| Amounts payable | 17/49 | €49,013 | €45,434 | -€3,579 | -7.3% |
| Amounts payable after more than one year | 17 | €23,442 | €13,688 | -€9,754 | -41.6% |
| Financial debts | 170/4 | €23,442 | €13,688 | -€9,754 | -41.6% |
| Amounts payable within one year | 42/48 | €25,571 | €31,746 | +€6,175 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €9,337 | €9,754 | +€418 | +4.5% |
| Trade debts | 44 | €118 | €726 | +€607 | +514.1% |
| Suppliers | 440/4 | €118 | €726 | +€607 | +514.1% |
| Taxes, remuneration and social security | 45 | €12,265 | €20,423 | +€8,158 | +66.5% |
| Taxes | 450/3 | €12,265 | €20,423 | +€8,158 | +66.5% |
| Other amounts payable | 47/48 | €3,851 | €843 | -€3,008 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,791 | €9,859 | +€4,068 | +70.3% |
| Other operating charges | 640/8 | €178 | €562 | +€384 | +215.4% |
| Gross operating margin | 9900 | €45,804 | €70,988 | +€25,184 | +55.0% |
| Operating profit (loss) | 9901 | €39,835 | €60,566 | +€20,731 | +52.0% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €1,371 | €1,408 | +€36 | +2.7% |
| Recurring financial charges | 65 | €1,371 | €1,408 | +€36 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €38,464 | €59,189 | +€20,725 | +53.9% |
| Income taxes | 67/77 | €8,202 | €13,291 | +€5,089 | +62.0% |
| Profit (loss) for the period | 9904 | €30,262 | €45,898 | +€15,636 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,262 | €45,898 | +€15,636 | +51.7% |
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.