JULIMAR: 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.
JULIMAR
Largest movements
- Cash -€20,603
down €20,603 (-89.2%), from €23,092 to €2,489
mainly Other debts (-€36,566) and Investment in fixed assets (net) (-€7,354)
- Tangible fixed assets -€2,001
down €2,001 (-7.0%), from €28,493 to €26,492
of which Furniture and vehicles: -€1,791
- Deferred charges and accrued income -€1,019
down €1,019 (-45.6%), from €2,233 to €1,214
- Other debts -€36,566
no longer reported in 2025 (was €36,566)
- Tax, wage and social debts +€10,897
up €10,897 (+80.7%), from €13,499 to €24,397
of which Remuneration and social security: +€10,502
- Debts after one year +€2,745
new in 2025: €2,745
- Profit (loss) carried forward -€2,553
new in 2025: -€2,553
- Current portion of long-term debt +€2,435
new in 2025: €2,435
- Gross operating margin -€38,424
down €38,424 (-40.5%), from €94,842 to €56,418
- Staff costs -€26,313
down €26,313 (-35.1%), from €75,061 to €48,748
- Taxes -€4,543
no longer reported in 2025 (was €4,543)
- Depreciation -€2,014
down €2,014 (-17.7%), from €11,368 to €9,354
- Other operating charges -€1,006
down €1,006 (-68.5%), from €1,469 to €463
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 | €72,184 | €49,142 | -€23,041 | -31.9% |
| Fixed assets | 21/28 | €28,493 | €26,492 | -€2,001 | -7.0% |
| Tangible fixed assets | 22/27 | €28,493 | €26,492 | -€2,001 | -7.0% |
| Plant, machinery and equipment | 23 | €943 | €733 | -€210 | -22.2% |
| Furniture and vehicles | 24 | €27,550 | €25,759 | -€1,791 | -6.5% |
| Current assets | 29/58 | €43,691 | €22,650 | -€21,041 | -48.2% |
| Amounts receivable within one year | 40/41 | €18,367 | €18,947 | +€580 | +3.2% |
| Trade receivables | 40 | €18,367 | €18,947 | +€580 | +3.2% |
| Cash at bank and in hand | 54/58 | €23,092 | €2,489 | -€20,603 | -89.2% |
| Deferred charges and accrued income | 490/1 | €2,233 | €1,214 | -€1,019 | -45.6% |
| Total equity and liabilities | 10/49 | €72,184 | €49,142 | -€23,041 | -31.9% |
| Equity | 10/15 | €22,118 | €19,566 | -€2,553 | -11.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,118 | €2,118 | = | 0.0% |
| Distributable reserves | 133 | €2,118 | €2,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,553 | -€2,553 | |
| Amounts payable | 17/49 | €50,065 | €29,577 | -€20,489 | -40.9% |
| Amounts payable after more than one year | 17 | - | €2,745 | +€2,745 | |
| Financial debts | 170/4 | - | €2,745 | +€2,745 | |
| Amounts payable within one year | 42/48 | €50,065 | €26,832 | -€23,234 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,435 | +€2,435 | |
| Taxes, remuneration and social security | 45 | €13,499 | €24,397 | +€10,897 | +80.7% |
| Taxes | 450/3 | €13,499 | €13,895 | +€396 | +2.9% |
| Remuneration and social security | 454/9 | - | €10,502 | +€10,502 | |
| Other amounts payable | 47/48 | €36,566 | - | -€36,566 | |
| Remuneration, social security and pensions | 62 | €75,061 | €48,748 | -€26,313 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,368 | €9,354 | -€2,014 | -17.7% |
| Other operating charges | 640/8 | €1,469 | €463 | -€1,006 | -68.5% |
| Gross operating margin | 9900 | €94,842 | €56,418 | -€38,424 | -40.5% |
| Operating profit (loss) | 9901 | €6,944 | -€2,147 | -€9,092 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.2% |
| Financial charges | 65/66B | €285 | €405 | +€121 | +42.4% |
| Recurring financial charges | 65 | €285 | €405 | +€121 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €6,661 | -€2,553 | -€9,214 | |
| Income taxes | 67/77 | €4,543 | - | -€4,543 | |
| Profit (loss) for the period | 9904 | €2,118 | -€2,553 | -€4,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,118 | -€2,553 | -€4,671 |
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 29 October 2026 via checked.be.