JULES FRANS 2: 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 FRANS 2
Largest movements
- Stocks and contracts +€94,912
up €94,912 (+19.3%), from €491,864 to €586,776
of which Contracts in progress: +€80,563
- Tangible fixed assets -€30,390
down €30,390 (-12.1%), from €250,940 to €220,549
of which Other tangible fixed assets: -€28,367
- Intangible fixed assets -€21,000
down €21,000 (-25.0%), from €84,000 to €63,000
- Formation expenses -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Receivables within one year -€18,568
down €18,568 (-4.3%), from €434,370 to €415,802
of which Other amounts receivable: -€59,104
- Short-term financial debts -€90,997
down €90,997 (-12.6%), from €720,693 to €629,696
- Trade debts +€77,870
up €77,870 (+16.0%), from €487,065 to €564,934
- Debts after one year -€15,819
down €15,819 (-17.6%), from €89,963 to €74,145
- Tax, wage and social debts +€15,388
up €15,388 (+46.8%), from €32,906 to €48,294
of which Taxes: +€15,757
- Staff costs -€75,692
down €75,692 (-23.8%), from €318,183 to €242,491
- Gross operating margin +€38,982
up €38,982 (+10.7%), from €365,151 to €404,133
- Depreciation +€20,000
up €20,000 (+38.9%), from €51,375 to €71,375
- Other operating charges +€13,011
up €13,011 (+651%), from €2,000 to €15,011
- Write-downs -€10,509
down €10,509 (-56.4%), from €18,647 to €8,138
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 | €1,402,236 | €1,402,090 | -€146 | 0.0% |
| Formation expenses | 20 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Fixed assets | 21/28 | €334,940 | €283,549 | -€51,390 | -15.3% |
| Intangible fixed assets | 21 | €84,000 | €63,000 | -€21,000 | -25.0% |
| Tangible fixed assets | 22/27 | €250,940 | €220,549 | -€30,390 | -12.1% |
| Plant, machinery and equipment | 23 | €5,938 | €3,915 | -€2,023 | -34.1% |
| Other tangible fixed assets | 26 | €245,002 | €216,634 | -€28,367 | -11.6% |
| Current assets | 29/58 | €967,297 | €1,038,541 | +€71,244 | +7.4% |
| Stocks and contracts in progress | 3 | €491,864 | €586,776 | +€94,912 | +19.3% |
| Stocks | 30/36 | €485,307 | €499,656 | +€14,349 | +3.0% |
| Contracts in progress | 37 | €6,557 | €87,119 | +€80,563 | +1,229% |
| Amounts receivable within one year | 40/41 | €434,370 | €415,802 | -€18,568 | -4.3% |
| Trade receivables | 40 | €371,068 | €411,604 | +€40,536 | +10.9% |
| Other amounts receivable | 41 | €63,302 | €4,198 | -€59,104 | -93.4% |
| Cash at bank and in hand | 54/58 | €39,895 | €25,135 | -€14,760 | -37.0% |
| Deferred charges and accrued income | 490/1 | €1,168 | €10,828 | +€9,660 | +827% |
| Total equity and liabilities | 10/49 | €1,402,236 | €1,402,090 | -€146 | 0.0% |
| Equity | 10/15 | €49,631 | €62,812 | +€13,181 | +26.6% |
| Contributions | 10/11 | €117,000 | €117,000 | = | 0.0% |
| Capital | 10 | €117,000 | €117,000 | = | 0.0% |
| Issued capital | 100 | €117,000 | €117,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,369 | -€54,188 | +€13,181 | +19.6% |
| Amounts payable | 17/49 | €1,352,606 | €1,339,278 | -€13,327 | -1.0% |
| Amounts payable after more than one year | 17 | €89,963 | €74,145 | -€15,819 | -17.6% |
| Financial debts | 170/4 | €89,963 | €74,145 | -€15,819 | -17.6% |
| Amounts payable within one year | 42/48 | €1,255,725 | €1,258,743 | +€3,018 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €15,060 | €15,819 | +€758 | +5.0% |
| Financial debts | 43 | €720,693 | €629,696 | -€90,997 | -12.6% |
| Credit institutions | 430/8 | €720,693 | €629,696 | -€90,997 | -12.6% |
| Trade debts | 44 | €487,065 | €564,934 | +€77,870 | +16.0% |
| Suppliers | 440/4 | €487,065 | €564,934 | +€77,870 | +16.0% |
| Taxes, remuneration and social security | 45 | €32,906 | €48,294 | +€15,388 | +46.8% |
| Taxes | 450/3 | €6,148 | €21,905 | +€15,757 | +256% |
| Remuneration and social security | 454/9 | €26,758 | €26,388 | -€370 | -1.4% |
| Accrued charges and deferred income | 492/3 | €6,917 | €6,390 | -€527 | -7.6% |
| Remuneration, social security and pensions | 62 | €318,183 | €242,491 | -€75,692 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,375 | €71,375 | +€20,000 | +38.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,647 | €8,138 | -€10,509 | -56.4% |
| Other operating charges | 640/8 | €2,000 | €15,011 | +€13,011 | +651% |
| Gross operating margin | 9900 | €365,151 | €404,133 | +€38,982 | +10.7% |
| Operating profit (loss) | 9901 | -€25,054 | €67,117 | +€92,171 | |
| Financial income | 75/76B | €940 | €533 | -€407 | -43.3% |
| Recurring financial income | 75 | €940 | €533 | -€407 | -43.3% |
| Financial charges | 65/66B | €60,146 | €53,803 | -€6,343 | -10.5% |
| Recurring financial charges | 65 | €60,146 | €53,803 | -€6,343 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€84,260 | €13,847 | +€98,107 | |
| Income taxes | 67/77 | €987 | €666 | -€321 | -32.5% |
| Profit (loss) for the period | 9904 | -€85,247 | €13,181 | +€98,428 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,247 | €13,181 | +€98,428 |
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 18 October 2026 via checked.be.