JULEDO: 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.
JULEDO
Largest movements
- Cash +€32,186
up €32,186 (+40.9%), from €78,638 to €110,824
mainly Net result for the year (+€20,769) and Investment in fixed assets (net) (+€11,445)
- Tangible fixed assets -€13,206
down €13,206 (-65.0%), from €20,314 to €7,107
of which Furniture and vehicles: -€13,398
- Receivables within one year +€3,309
up €3,309 (+2249.7%), from €147 to €3,456
of which Trade receivables: +€2,400
- Profit (loss) carried forward +€20,769
up €20,769 (+31.2%), from €66,601 to €87,370
- Trade debts +€4,833
up €4,833 (+308.6%), from €1,566 to €6,399
- Tax, wage and social debts -€1,918
down €1,918 (-6.6%), from €28,981 to €27,063
of which Remuneration and social security: -€1,500
- Other debts -€1,431
no longer reported in 2025 (was €1,431)
- Gross operating margin -€18,412
down €18,412 (-32.0%), from €57,583 to €39,172
- Other operating charges +€8,426
up €8,426 (+1188.3%), from €709 to €9,135
- Taxes -€4,455
down €4,455 (-37.5%), from €11,875 to €7,420
- Depreciation -€3,939
down €3,939 (-69.1%), from €5,700 to €1,761
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 | €100,606 | €122,873 | +€22,267 | +22.1% |
| Fixed assets | 21/28 | €20,314 | €7,107 | -€13,206 | -65.0% |
| Tangible fixed assets | 22/27 | €20,314 | €7,107 | -€13,206 | -65.0% |
| Plant, machinery and equipment | 23 | €1,508 | €1,700 | +€192 | +12.7% |
| Furniture and vehicles | 24 | €18,805 | €5,407 | -€13,398 | -71.2% |
| Current assets | 29/58 | €80,293 | €115,766 | +€35,473 | +44.2% |
| Amounts receivable within one year | 40/41 | €147 | €3,456 | +€3,309 | +2249.7% |
| Trade receivables | 40 | €147 | €2,547 | +€2,400 | +1631.7% |
| Other amounts receivable | 41 | - | €909 | +€909 | |
| Cash at bank and in hand | 54/58 | €78,638 | €110,824 | +€32,186 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,507 | €1,485 | -€22 | -1.4% |
| Total equity and liabilities | 10/49 | €100,606 | €122,873 | +€22,267 | +22.1% |
| Equity | 10/15 | €68,601 | €89,370 | +€20,769 | +30.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,601 | €87,370 | +€20,769 | +31.2% |
| Amounts payable | 17/49 | €32,006 | €33,503 | +€1,498 | +4.7% |
| Amounts payable within one year | 42/48 | €31,978 | €33,462 | +€1,484 | +4.6% |
| Trade debts | 44 | €1,566 | €6,399 | +€4,833 | +308.6% |
| Suppliers | 440/4 | €1,566 | €6,399 | +€4,833 | +308.6% |
| Taxes, remuneration and social security | 45 | €28,981 | €27,063 | -€1,918 | -6.6% |
| Taxes | 450/3 | €27,481 | €27,063 | -€418 | -1.5% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €1,431 | - | -€1,431 | |
| Accrued charges and deferred income | 492/3 | €27 | €41 | +€14 | +51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,700 | €1,761 | -€3,939 | -69.1% |
| Other operating charges | 640/8 | €709 | €9,135 | +€8,426 | +1188.3% |
| Gross operating margin | 9900 | €57,583 | €39,172 | -€18,412 | -32.0% |
| Operating profit (loss) | 9901 | €51,174 | €28,276 | -€22,899 | -44.7% |
| Financial income | 75/76B | €39 | €9 | -€29 | -76.0% |
| Recurring financial income | 75 | €39 | €9 | -€29 | -76.0% |
| Financial charges | 65/66B | €62 | €96 | +€34 | +55.3% |
| Recurring financial charges | 65 | €62 | €96 | +€34 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €51,151 | €28,189 | -€22,962 | -44.9% |
| Income taxes | 67/77 | €11,875 | €7,420 | -€4,455 | -37.5% |
| Profit (loss) for the period | 9904 | €39,277 | €20,769 | -€18,507 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,277 | €20,769 | -€18,507 | -47.1% |
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 8 October 2026 via checked.be.