JULESCUMUL: what changed
Two fiscal 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.
JULESCUMUL
Largest movements
- Cash +€85,215
up €85,215 (+15.8%), from €537,768 to €622,983
mainly Other debts (+€205,569) and Net result for the year (+€164,611)
- Tangible fixed assets -€47,553
down €47,553 (-15.6%), from €304,461 to €256,908
of which Furniture and vehicles: -€37,092
- Other debts +€205,569
up €205,569 (+133.0%), from €154,510 to €360,079
- Reserves -€180,000
down €180,000 (-27.0%), from €666,860 to €486,860
of which Distributable reserves: -€180,000
- Trade debts +€9,265
up €9,265 (+7743.1%), from €120 to €9,385
- Gross operating margin -€66,712
down €66,712 (-19.6%), from €340,284 to €273,571
- Taxes -€23,558
down €23,558 (-24.8%), from €95,116 to €71,558
- Other operating charges +€9,586
up €9,586 (+845.7%), from €1,133 to €10,719
- Financial charges -€6,679
down €6,679 (-97.0%), from €6,887 to €208
- Depreciation +€4,753
up €4,753 (+18.9%), from €25,171 to €29,924
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €877,433 | €919,096 | +€41,662 | +4.7% |
| Fixed assets | 21/28 | €304,461 | €256,908 | -€47,553 | -15.6% |
| Tangible fixed assets | 22/27 | €304,461 | €256,908 | -€47,553 | -15.6% |
| Plant, machinery and equipment | 23 | €74,430 | €68,106 | -€6,325 | -8.5% |
| Furniture and vehicles | 24 | €144,133 | €107,040 | -€37,092 | -25.7% |
| Leasing and similar rights | 25 | €85,898 | €81,762 | -€4,136 | -4.8% |
| Current assets | 29/58 | €572,973 | €662,188 | +€89,215 | +15.6% |
| Amounts receivable within one year | 40/41 | €35,204 | €38,783 | +€3,578 | +10.2% |
| Trade receivables | 40 | €29,313 | €29,313 | = | 0.0% |
| Other amounts receivable | 41 | €5,892 | €9,470 | +€3,578 | +60.7% |
| Cash at bank and in hand | 54/58 | €537,768 | €622,983 | +€85,215 | +15.8% |
| Deferred charges and accrued income | 490/1 | - | €422 | +€422 | |
| Total equity and liabilities | 10/49 | €877,433 | €919,096 | +€41,662 | +4.7% |
| Equity | 10/15 | €706,314 | €530,926 | -€175,389 | -24.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €666,860 | €486,860 | -€180,000 | -27.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €665,000 | €485,000 | -€180,000 | -27.1% |
| Profit (loss) carried forward | 14 | €33,254 | €37,866 | +€4,611 | +13.9% |
| Amounts payable | 17/49 | €171,119 | €388,170 | +€217,051 | +126.8% |
| Amounts payable within one year | 42/48 | €170,933 | €386,170 | +€215,237 | +125.9% |
| Trade debts | 44 | €120 | €9,385 | +€9,265 | +7743.1% |
| Suppliers | 440/4 | €120 | €9,385 | +€9,265 | +7743.1% |
| Taxes, remuneration and social security | 45 | €16,304 | €16,706 | +€402 | +2.5% |
| Taxes | 450/3 | €16,304 | €16,706 | +€402 | +2.5% |
| Other amounts payable | 47/48 | €154,510 | €360,079 | +€205,569 | +133.0% |
| Accrued charges and deferred income | 492/3 | €186 | €2,000 | +€1,814 | +978.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,171 | €29,924 | +€4,753 | +18.9% |
| Other operating charges | 640/8 | €1,133 | €10,719 | +€9,586 | +845.7% |
| Gross operating margin | 9900 | €340,284 | €273,571 | -€66,712 | -19.6% |
| Operating profit (loss) | 9901 | €313,979 | €232,929 | -€81,051 | -25.8% |
| Financial income | 75/76B | €3,360 | €3,449 | +€88 | +2.6% |
| Recurring financial income | 75 | €3,360 | €3,449 | +€88 | +2.6% |
| Financial charges | 65/66B | €6,887 | €208 | -€6,679 | -97.0% |
| Recurring financial charges | 65 | €6,887 | €208 | -€6,679 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €310,453 | €236,169 | -€74,283 | -23.9% |
| Income taxes | 67/77 | €95,116 | €71,558 | -€23,558 | -24.8% |
| Profit (loss) for the period | 9904 | €215,337 | €164,611 | -€50,725 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €215,337 | €164,611 | -€50,725 | -23.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.