JULEST: 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.
JULEST
Largest movements
- Tangible fixed assets +€167,488
up €167,488 (+15.2%), from €1.1m to €1.3m
of which Land and buildings: +€167,488
- Deferred charges and accrued income -€22,535
down €22,535 (-100.0%), from €22,535 to €0
- Cash -€18,885
down €18,885 (-69.5%), from €27,156 to €8,271
mainly Investment in fixed assets (net) (-€224,000) and Debts after one year (-€47,925)
- Short-term financial debts +€132,924
up €132,924 (+172.5%), from €77,076 to €210,000
- Debts after one year -€47,925
down €47,925 (-5.5%), from €875,739 to €827,814
of which Financial debts: -€72,925
- Depreciation +€21,048
up €21,048 (+59.3%), from €35,465 to €56,512
- Taxes -€7,385
down €7,385 (-63.6%), from €11,612 to €4,228
- Other operating charges +€4,119
up €4,119 (+34.0%), from €12,123 to €16,243
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 | €1,237,085 | €1,352,390 | +€115,305 | +9.3% |
| Fixed assets | 21/28 | €1,101,783 | €1,269,271 | +€167,488 | +15.2% |
| Tangible fixed assets | 22/27 | €1,101,783 | €1,269,271 | +€167,488 | +15.2% |
| Land and buildings | 22 | €1,085,783 | €1,253,271 | +€167,488 | +15.4% |
| Furniture and vehicles | 24 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €135,302 | €83,120 | -€52,183 | -38.6% |
| Amounts receivable after more than one year | 29 | €15,072 | €15,667 | +€595 | +3.9% |
| Other amounts receivable | 291 | €15,072 | €15,667 | +€595 | +3.9% |
| Amounts receivable within one year | 40/41 | €70,538 | €59,181 | -€11,358 | -16.1% |
| Trade receivables | 40 | €68,151 | €58,080 | -€10,071 | -14.8% |
| Other amounts receivable | 41 | €2,388 | €1,101 | -€1,287 | -53.9% |
| Cash at bank and in hand | 54/58 | €27,156 | €8,271 | -€18,885 | -69.5% |
| Deferred charges and accrued income | 490/1 | €22,535 | €0 | -€22,535 | -100.0% |
| Total equity and liabilities | 10/49 | €1,237,085 | €1,352,390 | +€115,305 | +9.3% |
| Equity | 10/15 | €198,795 | €208,848 | +€10,054 | +5.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €158,795 | €168,848 | +€10,054 | +6.3% |
| Distributable reserves | 133 | €158,795 | €168,848 | +€10,054 | +6.3% |
| Amounts payable | 17/49 | €1,038,290 | €1,143,542 | +€105,252 | +10.1% |
| Amounts payable after more than one year | 17 | €875,739 | €827,814 | -€47,925 | -5.5% |
| Financial debts | 170/4 | €874,797 | €801,872 | -€72,925 | -8.3% |
| Other amounts payable | 178/9 | €942 | €25,942 | +€25,000 | +2653.0% |
| Amounts payable within one year | 42/48 | €162,551 | €308,228 | +€145,676 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | €71,863 | €72,925 | +€1,061 | +1.5% |
| Financial debts | 43 | €77,076 | €210,000 | +€132,924 | +172.5% |
| Credit institutions | 430/8 | €77,076 | €210,000 | +€132,924 | +172.5% |
| Trade debts | 44 | €11,192 | €18,330 | +€7,138 | +63.8% |
| Suppliers | 440/4 | €11,192 | €18,330 | +€7,138 | +63.8% |
| Taxes, remuneration and social security | 45 | €2,420 | €6,973 | +€4,553 | +188.1% |
| Taxes | 450/3 | €2,420 | €6,973 | +€4,553 | +188.1% |
| Accrued charges and deferred income | 492/3 | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,465 | €56,512 | +€21,048 | +59.3% |
| Other operating charges | 640/8 | €12,123 | €16,243 | +€4,119 | +34.0% |
| Gross operating margin | 9900 | €113,273 | €112,903 | -€370 | -0.3% |
| Operating profit (loss) | 9901 | €65,685 | €40,148 | -€25,536 | -38.9% |
| Financial income | 75/76B | €378 | €595 | +€218 | +57.7% |
| Recurring financial income | 75 | €378 | €595 | +€218 | +57.7% |
| Financial charges | 65/66B | €25,585 | €26,462 | +€878 | +3.4% |
| Recurring financial charges | 65 | €25,585 | €26,462 | +€878 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €40,478 | €14,281 | -€26,196 | -64.7% |
| Income taxes | 67/77 | €11,612 | €4,228 | -€7,385 | -63.6% |
| Profit (loss) for the period | 9904 | €28,865 | €10,054 | -€18,812 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,865 | €10,054 | -€18,812 | -65.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.