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 -€48,306
down €48,306 (-17.5%), from €276,511 to €228,205
mainly Advances received (-€44,232) and Deferred charges and accrued income (-€18,420)
- Tangible fixed assets -€26,157
down €26,157 (-13.5%), from €193,059 to €166,902
- Deferred charges and accrued income +€18,420
up €18,420 (+236%), from €7,812 to €26,232
- Receivables within one year +€15,561
up €15,561 (+21.5%), from €72,222 to €87,783
of which Other amounts receivable: +€22,668
- Stocks and contracts +€9,535
up €9,535 (+6.5%), from €147,368 to €156,903
- Advances received -€44,232
down €44,232 (-24.5%), from €180,808 to €136,576
- Reserves +€26,649
up €26,649 (+12.0%), from €222,014 to €248,663
- Debts after one year -€17,173
down €17,173 (-38.9%), from €44,173 to €27,000
- Trade debts +€12,215
up €12,215 (+15.6%), from €78,439 to €90,655
- Gross operating margin +€16,026
up €16,026 (+6.7%), from €240,556 to €256,582
- Staff costs +€5,815
up €5,815 (+4.2%), from €138,228 to €144,043
- Taxes +€5,594
up €5,594 (+56.3%), from €9,933 to €15,527
- Other operating charges +€3,966
up €3,966 (+17.4%), from €22,798 to €26,764
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 | €697,082 | €668,898 | -€28,184 | -4.0% |
| Fixed assets | 21/28 | €193,169 | €169,774 | -€23,395 | -12.1% |
| Intangible fixed assets | 21 | - | €2,762 | +€2,762 | |
| Tangible fixed assets | 22/27 | €193,059 | €166,902 | -€26,157 | -13.5% |
| Land and buildings | 22 | €74,020 | €64,111 | -€9,909 | -13.4% |
| Plant, machinery and equipment | 23 | €43,432 | €39,137 | -€4,295 | -9.9% |
| Furniture and vehicles | 24 | €75,607 | €63,654 | -€11,953 | -15.8% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €503,912 | €499,123 | -€4,789 | -1.0% |
| Stocks and contracts in progress | 3 | €147,368 | €156,903 | +€9,535 | +6.5% |
| Stocks | 30/36 | €147,368 | €156,903 | +€9,535 | +6.5% |
| Amounts receivable within one year | 40/41 | €72,222 | €87,783 | +€15,561 | +21.5% |
| Trade receivables | 40 | €15,404 | €8,297 | -€7,107 | -46.1% |
| Other amounts receivable | 41 | €56,818 | €79,486 | +€22,668 | +39.9% |
| Cash at bank and in hand | 54/58 | €276,511 | €228,205 | -€48,306 | -17.5% |
| Deferred charges and accrued income | 490/1 | €7,812 | €26,232 | +€18,420 | +236% |
| Total equity and liabilities | 10/49 | €697,082 | €668,898 | -€28,184 | -4.0% |
| Equity | 10/15 | €318,641 | €345,289 | +€26,649 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €78,026 | €78,026 | = | 0.0% |
| Reserves | 13 | €222,014 | €248,663 | +€26,649 | +12.0% |
| Distributable reserves | 133 | €222,014 | €248,663 | +€26,649 | +12.0% |
| Amounts payable | 17/49 | €378,441 | €323,609 | -€54,833 | -14.5% |
| Amounts payable after more than one year | 17 | €44,173 | €27,000 | -€17,173 | -38.9% |
| Financial debts | 170/4 | €44,173 | €27,000 | -€17,173 | -38.9% |
| Amounts payable within one year | 42/48 | €332,423 | €296,309 | -€36,115 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €25,361 | €27,173 | +€1,812 | +7.1% |
| Trade debts | 44 | €78,439 | €90,655 | +€12,215 | +15.6% |
| Suppliers | 440/4 | €78,439 | €90,655 | +€12,215 | +15.6% |
| Advances received on contracts in progress | 46 | €180,808 | €136,576 | -€44,232 | -24.5% |
| Taxes, remuneration and social security | 45 | €40,100 | €36,271 | -€3,829 | -9.5% |
| Taxes | 450/3 | €20,002 | €13,402 | -€6,600 | -33.0% |
| Remuneration and social security | 454/9 | €20,098 | €22,869 | +€2,771 | +13.8% |
| Other amounts payable | 47/48 | €7,716 | €5,634 | -€2,082 | -27.0% |
| Accrued charges and deferred income | 492/3 | €1,845 | €300 | -€1,545 | -83.7% |
| Remuneration, social security and pensions | 62 | €138,228 | €144,043 | +€5,815 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,612 | €38,599 | +€987 | +2.6% |
| Other operating charges | 640/8 | €22,798 | €26,764 | +€3,966 | +17.4% |
| Gross operating margin | 9900 | €240,556 | €256,582 | +€16,026 | +6.7% |
| Operating profit (loss) | 9901 | €41,918 | €47,176 | +€5,258 | +12.5% |
| Financial income | 75/76B | €503 | €504 | +€1 | +0.3% |
| Recurring financial income | 75 | €503 | €504 | +€1 | +0.3% |
| Financial charges | 65/66B | €6,102 | €5,505 | -€597 | -9.8% |
| Recurring financial charges | 65 | €6,102 | €5,505 | -€597 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €36,319 | €42,176 | +€5,857 | +16.1% |
| Income taxes | 67/77 | €9,933 | €15,527 | +€5,594 | +56.3% |
| Profit (loss) for the period | 9904 | €26,386 | €26,649 | +€263 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,386 | €26,649 | +€263 | +1.0% |
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 15 October 2026 via checked.be.