Jules: 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.
Jules
Largest movements
- Cash +€98,777
up €98,777 (+576%), from €17,147 to €115,925
mainly Net result for the year (+€168,731) and Deferred charges and accrued income (+€5,074)
- Receivables within one year +€67,864
up €67,864 (+1.1%), from €6.2m to €6.3m
of which Other amounts receivable: +€68,050
- Reserves +€168,731
up €168,731 (+3.4%), from €5.0m to €5.2m
of which Distributable reserves: +€168,731
- Taxes -€28,008
down €28,008 (-68.9%), from €40,641 to €12,632
- Gross operating margin +€25,193
up €25,193 (+23.8%), from €105,887 to €131,080
- Financial income -€6,068
down €6,068 (-10.4%), from €58,194 to €52,126
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 | €6,413,252 | €6,574,819 | +€161,567 | +2.5% |
| Current assets | 29/58 | €6,413,252 | €6,574,819 | +€161,567 | +2.5% |
| Amounts receivable within one year | 40/41 | €6,213,232 | €6,281,095 | +€67,864 | +1.1% |
| Trade receivables | 40 | €201 | €15 | -€186 | -92.8% |
| Other amounts receivable | 41 | €6,213,031 | €6,281,081 | +€68,050 | +1.1% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,147 | €115,925 | +€98,777 | +576% |
| Deferred charges and accrued income | 490/1 | €57,872 | €52,799 | -€5,074 | -8.8% |
| Total equity and liabilities | 10/49 | €6,413,252 | €6,574,819 | +€161,567 | +2.5% |
| Equity | 10/15 | €6,367,501 | €6,536,232 | +€168,731 | +2.6% |
| Contributions | 10/11 | €1,362,004 | €1,362,004 | = | 0.0% |
| Capital | 10 | €1,362,004 | €1,362,004 | = | 0.0% |
| Issued capital | 100 | €1,362,004 | €1,362,004 | = | 0.0% |
| Reserves | 13 | €5,005,497 | €5,174,228 | +€168,731 | +3.4% |
| Non-distributable reserves | 130/1 | €2,578,845 | €2,578,845 | = | 0.0% |
| Legal reserve | 130 | €136,200 | €136,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,442,645 | €2,442,645 | = | 0.0% |
| Distributable reserves | 133 | €2,426,652 | €2,595,383 | +€168,731 | +7.0% |
| Amounts payable | 17/49 | €45,750 | €38,587 | -€7,164 | -15.7% |
| Amounts payable within one year | 42/48 | €45,750 | €38,587 | -€7,164 | -15.7% |
| Financial debts | 43 | - | €2,101 | +€2,101 | |
| Credit institutions | 430/8 | - | €2,101 | +€2,101 | |
| Trade debts | 44 | €0 | €842 | +€842 | |
| Suppliers | 440/4 | €0 | €842 | +€842 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €107 | €0 | -€107 | -100% |
| Taxes | 450/3 | €107 | €0 | -€107 | -100% |
| Other amounts payable | 47/48 | €45,644 | €35,644 | -€10,000 | -21.9% |
| Other operating charges | 640/8 | €1,221 | €1,425 | +€204 | +16.7% |
| Gross operating margin | 9900 | €105,887 | €131,080 | +€25,193 | +23.8% |
| Operating profit (loss) | 9901 | €104,666 | €129,655 | +€24,989 | +23.9% |
| Financial income | 75/76B | €58,194 | €52,126 | -€6,068 | -10.4% |
| Recurring financial income | 75 | €58,194 | €52,126 | -€6,068 | -10.4% |
| Financial charges | 65/66B | €297 | €418 | +€121 | +40.8% |
| Recurring financial charges | 65 | €297 | €418 | +€121 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €162,563 | €181,363 | +€18,800 | +11.6% |
| Income taxes | 67/77 | €40,641 | €12,632 | -€28,008 | -68.9% |
| Profit (loss) for the period | 9904 | €121,922 | €168,731 | +€46,809 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,922 | €168,731 | +€46,809 | +38.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.