JULENIK: 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.
JULENIK
Largest movements
- Cash +€73,865
up €73,865 (+33.2%), from €222,470 to €296,335
mainly Net result for the year (+€139,208) and Depreciation (+€58,647)
- Tangible fixed assets -€37,896
down €37,896 (-3.3%), from €1.2m to €1.1m
of which Land and buildings: -€26,846
- Receivables within one year +€31,393
up €31,393 (+1,440%), from €2,180 to €33,573
of which Trade receivables: +€33,309
- Debts after one year -€76,725
down €76,725 (-11.3%), from €676,043 to €599,318
- Reserves +€75,780
up €75,780 (+172%), from €43,960 to €119,740
of which Tax-exempt reserves: +€75,780
- Profit (loss) carried forward +€63,428
up €63,428 (+7.1%), from €897,191 to €960,619
- Gross operating margin +€24,933
up €24,933 (+10.7%), from €233,458 to €258,390
- Taxes +€5,222
up €5,222 (+14.5%), from €36,014 to €41,236
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 | €1,844,767 | €1,912,464 | +€67,697 | +3.7% |
| Fixed assets | 21/28 | €1,614,942 | €1,577,047 | -€37,896 | -2.3% |
| Tangible fixed assets | 22/27 | €1,160,387 | €1,122,491 | -€37,896 | -3.3% |
| Land and buildings | 22 | €1,117,497 | €1,090,650 | -€26,846 | -2.4% |
| Plant, machinery and equipment | 23 | €1,184 | €3,713 | +€2,529 | +214% |
| Furniture and vehicles | 24 | €41,706 | €28,128 | -€13,578 | -32.6% |
| Financial fixed assets | 28 | €454,555 | €454,555 | = | 0.0% |
| Current assets | 29/58 | €229,825 | €335,417 | +€105,592 | +45.9% |
| Amounts receivable within one year | 40/41 | €2,180 | €33,573 | +€31,393 | +1,440% |
| Trade receivables | 40 | - | €33,309 | +€33,309 | |
| Other amounts receivable | 41 | €2,180 | €264 | -€1,916 | -87.9% |
| Cash at bank and in hand | 54/58 | €222,470 | €296,335 | +€73,865 | +33.2% |
| Deferred charges and accrued income | 490/1 | €5,174 | €5,508 | +€334 | +6.5% |
| Total equity and liabilities | 10/49 | €1,844,767 | €1,912,464 | +€67,697 | +3.7% |
| Equity | 10/15 | €959,751 | €1,098,959 | +€139,208 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,960 | €119,740 | +€75,780 | +172% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €117,880 | +€75,780 | +180% |
| Profit (loss) carried forward | 14 | €897,191 | €960,619 | +€63,428 | +7.1% |
| Amounts payable | 17/49 | €885,016 | €813,505 | -€71,511 | -8.1% |
| Amounts payable after more than one year | 17 | €676,043 | €599,318 | -€76,725 | -11.3% |
| Financial debts | 170/4 | €676,043 | €599,318 | -€76,725 | -11.3% |
| Amounts payable within one year | 42/48 | €201,248 | €206,432 | +€5,184 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €75,729 | €76,725 | +€996 | +1.3% |
| Trade debts | 44 | €15,086 | €18,375 | +€3,289 | +21.8% |
| Suppliers | 440/4 | €15,086 | €18,375 | +€3,289 | +21.8% |
| Taxes, remuneration and social security | 45 | €10,290 | €8,371 | -€1,919 | -18.7% |
| Taxes | 450/3 | €10,290 | €8,371 | -€1,919 | -18.7% |
| Other amounts payable | 47/48 | €100,143 | €102,961 | +€2,818 | +2.8% |
| Accrued charges and deferred income | 492/3 | €7,726 | €7,756 | +€30 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,187 | €58,647 | +€460 | +0.8% |
| Other operating charges | 640/8 | €4,183 | €3,746 | -€438 | -10.5% |
| Gross operating margin | 9900 | €233,458 | €258,390 | +€24,933 | +10.7% |
| Operating profit (loss) | 9901 | €171,087 | €195,997 | +€24,910 | +14.6% |
| Financial income | 75/76B | €719 | €0 | -€719 | -100.0% |
| Recurring financial income | 75 | €719 | €0 | -€719 | -100.0% |
| Financial charges | 65/66B | €17,963 | €15,554 | -€2,408 | -13.4% |
| Recurring financial charges | 65 | €17,963 | €15,554 | -€2,408 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €153,844 | €180,443 | +€26,600 | +17.3% |
| Income taxes | 67/77 | €36,014 | €41,236 | +€5,222 | +14.5% |
| Profit (loss) for the period | 9904 | €117,830 | €139,208 | +€21,378 | +18.1% |
| Transfer to tax-exempt reserves | 689 | - | €75,780 | +€75,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €117,830 | €63,428 | -€54,402 | -46.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.