JULIMO: 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.
What changed
JULIMO
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,585
2024 · €177,005-€175,421
Equity
€837,452
2024 · €835,867+€1,585
Cash
€114,428
2024 · €266,758-€152,329
Balance sheet total
€3.4m
2024 · €3.2m+€123,566
Largest movements
Assets
- Tangible fixed assets +€260,709
up €260,709 (+8.8%), from €3.0m to €3.2m
- Cash -€152,329
down €152,329 (-57.1%), from €266,758 to €114,428
mainly Investment in fixed assets (net) (-€390,325) and Receivables within one year (-€14,989)
Equity and liabilities
- Debts after one year +€102,468
up €102,468 (+4.7%), from €2.2m to €2.3m
of which Financial debts: +€104,753
Income statement
- Gross operating margin -€202,077
down €202,077 (-50.6%), from €398,983 to €196,906
- Depreciation +€22,100
up €22,100 (+20.6%), from €107,516 to €129,616
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.
Result 2024
€177,005
Gross operating margin
-€202,077
Depreciation
-€22,100
Other operating charges
+€475
Financial income
-€2,414
Financial charges
-€2,805
Deferred taxes and other
+€53,501
Result 2025
€1,585
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.
From operations
+€120,294
Investment
-€390,325
Financing
+€117,702
Cash 2024
€266,758
From operations (derived)
+€120,294
Net result for the year
+€1,585
Depreciation
+€129,616
Receivables within one year
-€14,989
Smaller working-capital items
-€28
Provisions
-€1,887
Other debts
+€10,426
Accrued charges and deferred income
-€4,429
Investment (derived)
-€390,325
Investment in fixed assets (net)
-€390,325
Financing
+€117,702
Debts after one year
+€102,468
Current portion of long-term debt
+€15,234
Cash 2025
€114,428
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,243,870 | €3,367,437 | +€123,566 | +3.8% |
| Fixed assets | 21/28 | €2,973,130 | €3,233,839 | +€260,709 | +8.8% |
| Tangible fixed assets | 22/27 | €2,973,130 | €3,233,839 | +€260,709 | +8.8% |
| Land and buildings | 22 | €2,973,130 | €3,233,839 | +€260,709 | +8.8% |
| Current assets | 29/58 | €270,741 | €133,597 | -€137,143 | -50.7% |
| Amounts receivable within one year | 40/41 | €3,696 | €18,685 | +€14,989 | +405.6% |
| Trade receivables | 40 | €2,867 | €8,581 | +€5,713 | +199.2% |
| Other amounts receivable | 41 | €828 | €10,104 | +€9,276 | +1120.1% |
| Cash at bank and in hand | 54/58 | €266,758 | €114,428 | -€152,329 | -57.1% |
| Deferred charges and accrued income | 490/1 | €288 | €485 | +€197 | +68.5% |
| Total equity and liabilities | 10/49 | €3,243,870 | €3,367,437 | +€123,566 | +3.8% |
| Equity | 10/15 | €835,867 | €837,452 | +€1,585 | +0.2% |
| Contributions | 10/11 | €504,600 | €504,600 | = | 0.0% |
| Capital | 10 | €504,600 | €504,600 | = | 0.0% |
| Issued capital | 100 | €504,600 | €504,600 | = | 0.0% |
| Revaluation surpluses | 12 | €396,253 | €371,487 | -€24,766 | -6.3% |
| Reserves | 13 | €651,806 | €670,910 | +€19,104 | +2.9% |
| Non-distributable reserves | 130/1 | €669 | €669 | = | 0.0% |
| Legal reserve | 130 | €669 | €669 | = | 0.0% |
| Tax-exempt reserves | 132 | €159,524 | €153,862 | -€5,662 | -3.5% |
| Distributable reserves | 133 | €491,612 | €516,378 | +€24,766 | +5.0% |
| Profit (loss) carried forward | 14 | -€716,792 | -€709,545 | +€7,247 | +1.0% |
| Provisions and deferred taxes | 16 | €53,175 | €51,287 | -€1,887 | -3.5% |
| Deferred taxes | 168 | €53,175 | €51,287 | -€1,887 | -3.5% |
| Amounts payable | 17/49 | €2,354,828 | €2,478,697 | +€123,869 | +5.3% |
| Amounts payable after more than one year | 17 | €2,180,761 | €2,283,229 | +€102,468 | +4.7% |
| Financial debts | 170/4 | €1,187,764 | €1,292,517 | +€104,753 | +8.8% |
| Other amounts payable | 178/9 | €992,997 | €990,712 | -€2,285 | -0.2% |
| Amounts payable within one year | 42/48 | €154,802 | €180,632 | +€25,829 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €140,863 | €156,097 | +€15,234 | +10.8% |
| Trade debts | 44 | €0 | €169 | +€169 | |
| Suppliers | 440/4 | €0 | €169 | +€169 | |
| Other amounts payable | 47/48 | €13,939 | €24,365 | +€10,426 | +74.8% |
| Accrued charges and deferred income | 492/3 | €19,265 | €14,836 | -€4,429 | -23.0% |
| Non-recurring operating income | 76A | €229,486 | €500 | -€228,986 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,516 | €129,616 | +€22,100 | +20.6% |
| Other operating charges | 640/8 | €23,911 | €23,437 | -€475 | -2.0% |
| Gross operating margin | 9900 | €398,983 | €196,906 | -€202,077 | -50.6% |
| Operating profit (loss) | 9901 | €267,556 | €43,853 | -€223,703 | -83.6% |
| Financial income | 75/76B | €2,760 | €347 | -€2,414 | -87.4% |
| Recurring financial income | 75 | €2,760 | €347 | -€2,414 | -87.4% |
| Financial charges | 65/66B | €41,697 | €44,502 | +€2,805 | +6.7% |
| Recurring financial charges | 65 | €41,697 | €44,502 | +€2,805 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €228,619 | -€303 | -€228,922 | |
| Transfer from deferred taxes | 780 | €4,658 | €1,887 | -€2,771 | -59.5% |
| Transfer to deferred taxes | 680 | €56,272 | €0 | -€56,272 | -100.0% |
| Profit (loss) for the period | 9904 | €177,005 | €1,585 | -€175,421 | -99.1% |
| Transfer from tax-exempt reserves | 789 | €13,974 | €5,662 | -€8,312 | -59.5% |
| Transfer to tax-exempt reserves | 689 | €168,816 | €0 | -€168,816 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,164 | €7,247 | -€14,917 | -67.3% |
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 12 October 2026 via checked.be.