JULES TROCH: 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 TROCH
Largest movements
- Cash -€167,971
down €167,971 (-33.2%), from €505,820 to €337,849
mainly Contributions, distributions and other (-€112,914) and Receivables within one year (-€65,757)
- Receivables within one year +€65,757
up €65,757 (+4,429%), from €1,485 to €67,242
of which Trade receivables: +€63,157
- Stocks and contracts +€23,538
up €23,538 (+51.1%), from €46,040 to €69,578
- Reserves -€56,081
down €56,081 (-32.3%), from €173,786 to €117,705
of which Distributable reserves: -€56,081
- Other debts -€22,741
down €22,741 (-16.8%), from €135,655 to €112,914
- Trade debts +€12,875
up €12,875 (+678%), from €1,899 to €14,774
- Tax, wage and social debts -€12,725
down €12,725 (-51.2%), from €24,845 to €12,120
of which Taxes: -€8,333
- Gross operating margin -€85,162
down €85,162 (-19.4%), from €438,117 to €352,955
- Taxes -€19,666
down €19,666 (-40.7%), from €48,333 to €28,668
- Staff costs -€7,424
down €7,424 (-2.7%), from €272,829 to €265,404
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 | €560,405 | €481,732 | -€78,673 | -14.0% |
| Current assets | 29/58 | €560,405 | €481,732 | -€78,673 | -14.0% |
| Stocks and contracts in progress | 3 | €46,040 | €69,578 | +€23,538 | +51.1% |
| Stocks | 30/36 | €46,040 | €69,578 | +€23,538 | +51.1% |
| Amounts receivable within one year | 40/41 | €1,485 | €67,242 | +€65,757 | +4,429% |
| Trade receivables | 40 | - | €63,157 | +€63,157 | |
| Other amounts receivable | 41 | €1,485 | €4,085 | +€2,601 | +175% |
| Current investments | 50/53 | €955 | €955 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €505,820 | €337,849 | -€167,971 | -33.2% |
| Deferred charges and accrued income | 490/1 | €6,104 | €6,108 | +€3 | +0.1% |
| Total equity and liabilities | 10/49 | €560,405 | €481,732 | -€78,673 | -14.0% |
| Equity | 10/15 | €393,005 | €336,924 | -€56,081 | -14.3% |
| Contributions | 10/11 | €219,219 | €219,219 | = | 0.0% |
| Capital | 10 | €219,219 | €219,219 | = | 0.0% |
| Issued capital | 100 | €219,219 | €219,219 | = | 0.0% |
| Reserves | 13 | €173,786 | €117,705 | -€56,081 | -32.3% |
| Non-distributable reserves | 130/1 | €21,922 | €21,922 | = | 0.0% |
| Legal reserve | 130 | €21,922 | €21,922 | = | 0.0% |
| Distributable reserves | 133 | €151,865 | €95,783 | -€56,081 | -36.9% |
| Amounts payable | 17/49 | €167,399 | €144,807 | -€22,592 | -13.5% |
| Amounts payable within one year | 42/48 | €162,399 | €139,807 | -€22,592 | -13.9% |
| Trade debts | 44 | €1,899 | €14,774 | +€12,875 | +678% |
| Suppliers | 440/4 | €1,899 | €14,774 | +€12,875 | +678% |
| Taxes, remuneration and social security | 45 | €24,845 | €12,120 | -€12,725 | -51.2% |
| Taxes | 450/3 | €8,333 | - | -€8,333 | |
| Remuneration and social security | 454/9 | €16,511 | €12,120 | -€4,392 | -26.6% |
| Other amounts payable | 47/48 | €135,655 | €112,914 | -€22,741 | -16.8% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,793 | +€4,793 | |
| Remuneration, social security and pensions | 62 | €272,829 | €265,404 | -€7,424 | -2.7% |
| Other operating charges | 640/8 | €2,500 | €2,585 | +€85 | +3.4% |
| Gross operating margin | 9900 | €438,117 | €352,955 | -€85,162 | -19.4% |
| Operating profit (loss) | 9901 | €162,789 | €84,966 | -€77,823 | -47.8% |
| Financial income | 75/76B | €1,985 | €2,156 | +€171 | +8.6% |
| Recurring financial income | 75 | €1,985 | €2,156 | +€171 | +8.6% |
| Financial charges | 65/66B | €1,643 | €1,622 | -€22 | -1.3% |
| Recurring financial charges | 65 | €1,643 | €1,622 | -€22 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €163,131 | €85,500 | -€77,631 | -47.6% |
| Income taxes | 67/77 | €48,333 | €28,668 | -€19,666 | -40.7% |
| Profit (loss) for the period | 9904 | €114,798 | €56,833 | -€57,965 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €114,798 | €56,833 | -€57,965 | -50.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.