JULES IMMO: 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 IMMO
Largest movements
- Cash +€77,738
up €77,738 (+59.0%), from €131,816 to €209,554
mainly Other debts (+€116,394) and Net result for the year (+€85,277)
- Tangible fixed assets +€15,365
up €15,365 (+29.2%), from €52,544 to €67,909
of which Furniture and vehicles: +€10,539
- Receivables after one year -€8,681
down €8,681 (-13.2%), from €65,685 to €57,004
- Receivables within one year -€7,117
down €7,117 (-76.9%), from €9,257 to €2,141
of which Trade receivables: -€9,244
- Other debts +€116,394
up €116,394 (+88.2%), from €131,918 to €248,312
- Profit (loss) carried forward -€47,709
no longer reported in 2025 (was €47,709)
- Current portion of long-term debt +€21,031
up €21,031 (+165.6%), from €12,700 to €33,731
- Tax, wage and social debts +€18,439
up €18,439 (+140.6%), from €13,112 to €31,550
of which Taxes: +€15,215
- Short-term financial debts -€16,507
no longer reported in 2025 (was €16,507)
- Gross operating margin +€125,935
up €125,935 (+373.3%), from €33,731 to €159,667
- Taxes +€26,976
up €26,976 (+947.9%), from €2,846 to €29,822
- Staff costs +€19,160
up €19,160 (+178.9%), from €10,708 to €29,868
- Depreciation +€2,674
up €2,674 (+34.5%), from €7,748 to €10,422
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 | €276,072 | €349,574 | +€73,502 | +26.6% |
| Fixed assets | 21/28 | €63,517 | €76,183 | +€12,666 | +19.9% |
| Intangible fixed assets | 21 | €10,973 | €8,274 | -€2,699 | -24.6% |
| Tangible fixed assets | 22/27 | €52,544 | €67,909 | +€15,365 | +29.2% |
| Land and buildings | 22 | €10,948 | €10,331 | -€617 | -5.6% |
| Plant, machinery and equipment | 23 | - | €7,228 | +€7,228 | |
| Furniture and vehicles | 24 | €7,771 | €18,310 | +€10,539 | +135.6% |
| Other tangible fixed assets | 26 | €33,824 | €32,039 | -€1,785 | -5.3% |
| Current assets | 29/58 | €212,554 | €273,391 | +€60,837 | +28.6% |
| Amounts receivable after more than one year | 29 | €65,685 | €57,004 | -€8,681 | -13.2% |
| Other amounts receivable | 291 | €65,685 | €57,004 | -€8,681 | -13.2% |
| Amounts receivable within one year | 40/41 | €9,257 | €2,141 | -€7,117 | -76.9% |
| Trade receivables | 40 | €9,244 | - | -€9,244 | |
| Other amounts receivable | 41 | €14 | €2,141 | +€2,127 | +15560.1% |
| Cash at bank and in hand | 54/58 | €131,816 | €209,554 | +€77,738 | +59.0% |
| Deferred charges and accrued income | 490/1 | €5,796 | €4,692 | -€1,104 | -19.0% |
| Total equity and liabilities | 10/49 | €276,072 | €349,574 | +€73,502 | +26.6% |
| Equity | 10/15 | €49,709 | €2,000 | -€47,709 | -96.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,709 | - | -€47,709 | |
| Amounts payable | 17/49 | €226,362 | €347,574 | +€121,212 | +53.5% |
| Amounts payable after more than one year | 17 | €44,443 | €30,712 | -€13,731 | -30.9% |
| Financial debts | 170/4 | €44,443 | €30,712 | -€13,731 | -30.9% |
| Amounts payable within one year | 42/48 | €181,919 | €316,862 | +€134,943 | +74.2% |
| Current portion of amounts payable after more than one year | 42 | €12,700 | €33,731 | +€21,031 | +165.6% |
| Financial debts | 43 | €16,507 | - | -€16,507 | |
| Credit institutions | 430/8 | €16,507 | - | -€16,507 | |
| Trade debts | 44 | €7,683 | €3,269 | -€4,414 | -57.4% |
| Suppliers | 440/4 | €7,683 | €3,269 | -€4,414 | -57.4% |
| Taxes, remuneration and social security | 45 | €13,112 | €31,550 | +€18,439 | +140.6% |
| Taxes | 450/3 | €10,156 | €25,371 | +€15,215 | +149.8% |
| Remuneration and social security | 454/9 | €2,956 | €6,180 | +€3,224 | +109.1% |
| Other amounts payable | 47/48 | €131,918 | €248,312 | +€116,394 | +88.2% |
| Remuneration, social security and pensions | 62 | €10,708 | €29,868 | +€19,160 | +178.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,748 | €10,422 | +€2,674 | +34.5% |
| Other operating charges | 640/8 | €101 | €658 | +€557 | +551.7% |
| Gross operating margin | 9900 | €33,731 | €159,667 | +€125,935 | +373.3% |
| Operating profit (loss) | 9901 | €15,175 | €118,719 | +€103,544 | +682.3% |
| Financial income | 75/76B | €1,525 | €2,520 | +€995 | +65.3% |
| Recurring financial income | 75 | €1,525 | €2,520 | +€995 | +65.3% |
| Financial charges | 65/66B | €5,039 | €6,140 | +€1,101 | +21.8% |
| Recurring financial charges | 65 | €5,039 | €6,140 | +€1,101 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €11,660 | €115,099 | +€103,438 | +887.1% |
| Income taxes | 67/77 | €2,846 | €29,822 | +€26,976 | +947.9% |
| Profit (loss) for the period | 9904 | €8,815 | €85,277 | +€76,462 | +867.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,815 | €85,277 | +€76,462 | +867.4% |
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 11 October 2026 via checked.be.