JULEO: 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.
JULEO
Largest movements
- Financial fixed assets +€600,000
up €600,000 (+115.9%), from €517,500 to €1.1m
- Cash -€83,338
down €83,338 (-96.3%), from €86,521 to €3,183
mainly Investment in fixed assets (net) (-€600,000) and Receivables within one year (-€46,427)
- Receivables within one year +€46,427
up €46,427 (+7.5%), from €620,986 to €667,413
of which Other amounts receivable: +€46,427
- Debts after one year +€315,630
up €315,630 (+206.7%), from €152,714 to €468,344
- Other debts +€207,162
up €207,162 (+88.2%), from €234,980 to €442,142
- Current portion of long-term debt +€52,547
up €52,547 (+355.7%), from €14,772 to €67,320
- Financial income -€385,223
down €385,223 (-96.5%), from €399,313 to €14,089
of which Non-recurring financial income: -€259,258
- Gross operating margin -€59,372
down €59,372 (-75.2%), from €78,902 to €19,530
- Financial charges +€23,870
up €23,870 (+99.7%), from €23,946 to €47,816
- Taxes -€19,898
no longer reported in 2025 (was €19,898)
- Other operating charges +€948
up €948 (+20.4%), from €4,657 to €5,605
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 | €1,603,714 | €2,165,107 | +€561,393 | +35.0% |
| Fixed assets | 21/28 | €783,900 | €1,382,140 | +€598,240 | +76.3% |
| Tangible fixed assets | 22/27 | €266,400 | €264,640 | -€1,760 | -0.7% |
| Land and buildings | 22 | €240,000 | €240,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €26,400 | €24,640 | -€1,760 | -6.7% |
| Financial fixed assets | 28 | €517,500 | €1,117,500 | +€600,000 | +115.9% |
| Current assets | 29/58 | €819,814 | €782,967 | -€36,847 | -4.5% |
| Stocks and contracts in progress | 3 | €111,110 | €111,110 | = | 0.0% |
| Stocks | 30/36 | €111,110 | €111,110 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €620,986 | €667,413 | +€46,427 | +7.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €620,986 | €667,413 | +€46,427 | +7.5% |
| Cash at bank and in hand | 54/58 | €86,521 | €3,183 | -€83,338 | -96.3% |
| Deferred charges and accrued income | 490/1 | €1,197 | €1,261 | +€64 | +5.3% |
| Total equity and liabilities | 10/49 | €1,603,714 | €2,165,107 | +€561,393 | +35.0% |
| Equity | 10/15 | €1,168,696 | €1,147,135 | -€21,561 | -1.8% |
| Contributions | 10/11 | €562,500 | €562,500 | = | 0.0% |
| Reserves | 13 | €606,196 | €584,635 | -€21,561 | -3.6% |
| Distributable reserves | 133 | €606,196 | €584,635 | -€21,561 | -3.6% |
| Amounts payable | 17/49 | €435,018 | €1,017,971 | +€582,954 | +134.0% |
| Amounts payable after more than one year | 17 | €152,714 | €468,344 | +€315,630 | +206.7% |
| Financial debts | 170/4 | €152,714 | €468,344 | +€315,630 | +206.7% |
| Amounts payable within one year | 42/48 | €272,071 | €519,568 | +€247,497 | +91.0% |
| Current portion of amounts payable after more than one year | 42 | €14,772 | €67,320 | +€52,547 | +355.7% |
| Financial debts | 43 | €20,907 | €6,743 | -€14,164 | -67.7% |
| Credit institutions | 430/8 | €20,907 | €6,743 | -€14,164 | -67.7% |
| Trade debts | 44 | €39 | €3,363 | +€3,323 | +8439.3% |
| Suppliers | 440/4 | €39 | €3,363 | +€3,323 | +8439.3% |
| Taxes, remuneration and social security | 45 | €1,373 | - | -€1,373 | |
| Taxes | 450/3 | €1,373 | - | -€1,373 | |
| Other amounts payable | 47/48 | €234,980 | €442,142 | +€207,162 | +88.2% |
| Accrued charges and deferred income | 492/3 | €10,232 | €30,059 | +€19,827 | +193.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,760 | €1,760 | = | 0.0% |
| Other operating charges | 640/8 | €4,657 | €5,605 | +€948 | +20.4% |
| Gross operating margin | 9900 | €78,902 | €19,530 | -€59,372 | -75.2% |
| Operating profit (loss) | 9901 | €72,485 | €12,166 | -€60,319 | -83.2% |
| Financial income | 75/76B | €399,313 | €14,089 | -€385,223 | -96.5% |
| Recurring financial income | 75 | €140,054 | €14,089 | -€125,965 | -89.9% |
| Non-recurring financial income | 76B | €259,258 | - | -€259,258 | |
| Financial charges | 65/66B | €23,946 | €47,816 | +€23,870 | +99.7% |
| Recurring financial charges | 65 | €23,946 | €47,816 | +€23,870 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €447,852 | -€21,561 | -€469,413 | |
| Income taxes | 67/77 | €19,898 | - | -€19,898 | |
| Profit (loss) for the period | 9904 | €427,954 | -€21,561 | -€449,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €427,954 | -€21,561 | -€449,515 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.