JULE: 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.
JULE
Largest movements
- Receivables within one year -€80,091
down €80,091 (-15.9%), from €502,718 to €422,627
of which Other amounts receivable: -€77,652
- Tangible fixed assets -€22,626
down €22,626 (-4.8%), from €470,583 to €447,958
of which Land and buildings: -€21,300
- Tax, wage and social debts -€77,259
down €77,259 (-56.5%), from €136,647 to €59,389
- Profit (loss) carried forward -€13,310
down €13,310 (-8.1%), from €163,481 to €150,171
- Taxes -€59,131
down €59,131 (-99.6%), from €59,389 to €258
- Depreciation +€2,706
up €2,706 (+13.6%), from €19,920 to €22,626
- Other operating charges +€2,006
up €2,006 (+227.0%), from €884 to €2,889
- Financial income -€248
down €248 (-3.5%), from €7,185 to €6,936
- Gross operating margin -€199
down €199 (-7.3%), from -€2,732 to -€2,931
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 | €1,193,167 | €1,094,461 | -€98,706 | -8.3% |
| Fixed assets | 21/28 | €470,583 | €447,958 | -€22,626 | -4.8% |
| Tangible fixed assets | 22/27 | €470,583 | €447,958 | -€22,626 | -4.8% |
| Land and buildings | 22 | €469,258 | €447,958 | -€21,300 | -4.5% |
| Plant, machinery and equipment | 23 | €1,325 | €0 | -€1,325 | -100.0% |
| Current assets | 29/58 | €722,584 | €646,503 | -€76,080 | -10.5% |
| Amounts receivable after more than one year | 29 | €207,500 | €207,500 | = | 0.0% |
| Other amounts receivable | 291 | €207,500 | €207,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €502,718 | €422,627 | -€80,091 | -15.9% |
| Trade receivables | 40 | €2,440 | €0 | -€2,440 | -100.0% |
| Other amounts receivable | 41 | €500,279 | €422,627 | -€77,652 | -15.5% |
| Cash at bank and in hand | 54/58 | €4,066 | €3,926 | -€139 | -3.4% |
| Deferred charges and accrued income | 490/1 | €8,300 | €12,450 | +€4,150 | +50.0% |
| Total equity and liabilities | 10/49 | €1,193,167 | €1,094,461 | -€98,706 | -8.3% |
| Equity | 10/15 | €1,009,352 | €989,415 | -€19,937 | -2.0% |
| Contributions | 10/11 | €329,698 | €329,698 | = | 0.0% |
| Capital | 10 | €329,698 | €329,698 | = | 0.0% |
| Issued capital | 100 | €329,698 | €329,698 | = | 0.0% |
| Reserves | 13 | €516,172 | €509,546 | -€6,627 | -1.3% |
| Non-distributable reserves | 130/1 | €32,970 | €32,970 | = | 0.0% |
| Legal reserve | 130 | €32,970 | €32,970 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,927 | €115,300 | -€6,627 | -5.4% |
| Distributable reserves | 133 | €361,276 | €361,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,481 | €150,171 | -€13,310 | -8.1% |
| Provisions and deferred taxes | 16 | €40,454 | €38,247 | -€2,207 | -5.5% |
| Deferred taxes | 168 | €40,454 | €38,247 | -€2,207 | -5.5% |
| Amounts payable | 17/49 | €143,361 | €66,799 | -€76,563 | -53.4% |
| Amounts payable within one year | 42/48 | €143,361 | €66,799 | -€76,563 | -53.4% |
| Trade debts | 44 | €0 | €696 | +€696 | |
| Suppliers | 440/4 | €0 | €696 | +€696 | |
| Taxes, remuneration and social security | 45 | €136,647 | €59,389 | -€77,259 | -56.5% |
| Taxes | 450/3 | €136,647 | €59,389 | -€77,259 | -56.5% |
| Other amounts payable | 47/48 | €6,714 | €6,714 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,920 | €22,626 | +€2,706 | +13.6% |
| Other operating charges | 640/8 | €884 | €2,889 | +€2,006 | +227.0% |
| Gross operating margin | 9900 | -€2,732 | -€2,931 | -€199 | -7.3% |
| Operating profit (loss) | 9901 | -€23,535 | -€28,446 | -€4,911 | -20.9% |
| Financial income | 75/76B | €7,185 | €6,936 | -€248 | -3.5% |
| Recurring financial income | 75 | €7,185 | €6,936 | -€248 | -3.5% |
| Financial charges | 65/66B | €271 | €376 | +€105 | +38.7% |
| Recurring financial charges | 65 | €271 | €376 | +€105 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,622 | -€21,886 | -€5,264 | -31.7% |
| Transfer from deferred taxes | 780 | €59,869 | €2,207 | -€57,663 | -96.3% |
| Income taxes | 67/77 | €59,389 | €258 | -€59,131 | -99.6% |
| Profit (loss) for the period | 9904 | -€16,141 | -€19,937 | -€3,795 | -23.5% |
| Transfer from tax-exempt reserves | 789 | €179,622 | €6,627 | -€172,995 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €163,481 | -€13,310 | -€176,791 |
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.