JULICE: 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.
JULICE
Largest movements
- Current investments -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Cash -€52,476
down €52,476 (-56.8%), from €92,360 to €39,884
mainly Contributions, distributions and other (-€143,055) and Receivables within one year (-€46,846)
- Receivables within one year +€46,846
up €46,846 (+24156.0%), from €194 to €47,040
of which Trade receivables: +€38,115
- Reserves -€125,103
down €125,103 (-98.3%), from €127,208 to €2,105
of which Distributable reserves: -€64,058
- Other debts +€75,168
up €75,168 (+1016.1%), from €7,398 to €82,565
- Tax, wage and social debts -€28,894
down €28,894 (-70.9%), from €40,740 to €11,846
of which Taxes: -€28,894
- Trade debts +€10,279
up €10,279 (+689.8%), from €1,490 to €11,769
- Gross operating margin -€50,867
down €50,867 (-59.4%), from €85,687 to €34,820
- Taxes -€8,855
down €8,855 (-43.4%), from €20,402 to €11,547
- Financial income -€3,540
down €3,540 (-76.7%), from €4,618 to €1,078
- Depreciation +€1,244
up €1,244 (+35.3%), from €3,522 to €4,766
- Financial charges -€1,036
down €1,036 (-57.2%), from €1,810 to €774
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 | €179,285 | €112,027 | -€67,259 | -37.5% |
| Fixed assets | 21/28 | €21,552 | €20,953 | -€599 | -2.8% |
| Tangible fixed assets | 22/27 | €21,552 | €20,953 | -€599 | -2.8% |
| Plant, machinery and equipment | 23 | €1,337 | €836 | -€501 | -37.5% |
| Furniture and vehicles | 24 | €8,005 | €9,594 | +€1,589 | +19.9% |
| Other tangible fixed assets | 26 | €12,210 | €10,524 | -€1,687 | -13.8% |
| Current assets | 29/58 | €157,733 | €91,074 | -€66,660 | -42.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €194 | €47,040 | +€46,846 | +24156.0% |
| Trade receivables | 40 | €0 | €38,115 | +€38,115 | |
| Other amounts receivable | 41 | €194 | €8,925 | +€8,731 | +4502.0% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €92,360 | €39,884 | -€52,476 | -56.8% |
| Deferred charges and accrued income | 490/1 | €5,179 | €4,150 | -€1,030 | -19.9% |
| Total equity and liabilities | 10/49 | €179,285 | €112,027 | -€67,259 | -37.5% |
| Equity | 10/15 | €129,208 | €4,105 | -€125,103 | -96.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €127,208 | €2,105 | -€125,103 | -98.3% |
| Tax-exempt reserves | 132 | €63,150 | €2,105 | -€61,045 | -96.7% |
| Distributable reserves | 133 | €64,058 | €0 | -€64,058 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,078 | €107,922 | +€57,844 | +115.5% |
| Amounts payable within one year | 42/48 | €49,628 | €106,180 | +€56,552 | +114.0% |
| Trade debts | 44 | €1,490 | €11,769 | +€10,279 | +689.8% |
| Suppliers | 440/4 | €1,490 | €11,769 | +€10,279 | +689.8% |
| Taxes, remuneration and social security | 45 | €40,740 | €11,846 | -€28,894 | -70.9% |
| Taxes | 450/3 | €37,634 | €8,740 | -€28,894 | -76.8% |
| Remuneration and social security | 454/9 | €3,106 | €3,106 | = | 0.0% |
| Other amounts payable | 47/48 | €7,398 | €82,565 | +€75,168 | +1016.1% |
| Accrued charges and deferred income | 492/3 | €450 | €1,742 | +€1,292 | +287.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,522 | €4,766 | +€1,244 | +35.3% |
| Other operating charges | 640/8 | €513 | €858 | +€345 | +67.1% |
| Gross operating margin | 9900 | €85,687 | €34,820 | -€50,867 | -59.4% |
| Operating profit (loss) | 9901 | €81,651 | €29,196 | -€52,456 | -64.2% |
| Financial income | 75/76B | €4,618 | €1,078 | -€3,540 | -76.7% |
| Recurring financial income | 75 | €4,618 | €1,078 | -€3,540 | -76.7% |
| Financial charges | 65/66B | €1,810 | €774 | -€1,036 | -57.2% |
| Recurring financial charges | 65 | €1,810 | €774 | -€1,036 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €84,459 | €29,500 | -€54,960 | -65.1% |
| Income taxes | 67/77 | €20,402 | €11,547 | -€8,855 | -43.4% |
| Profit (loss) for the period | 9904 | €64,058 | €17,953 | -€46,105 | -72.0% |
| Transfer from tax-exempt reserves | 789 | - | €61,045 | +€61,045 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €64,058 | €78,998 | +€14,940 | +23.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.