JULIOT: 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.
JULIOT
Largest movements
- Current investments -€598,920
no longer reported in 2025 (was €598,920)
- Cash -€420,859
down €420,859 (-91.1%), from €461,849 to €40,990
mainly Other debts (-€466,057) and Debts after one year (-€273,918)
- Tangible fixed assets -€275,517
down €275,517 (-4.9%), from €5.6m to €5.3m
of which Land and buildings: -€259,745
- Receivables within one year +€221,425
up €221,425 (+171.1%), from €129,425 to €350,850
of which Other amounts receivable: +€184,182
- Other debts -€466,057
down €466,057 (-25.1%), from €1.9m to €1.4m
- Reserves -€334,954
down €334,954 (-27.2%), from €1.2m to €895,902
- Debts after one year -€273,918
down €273,918 (-8.6%), from €3.2m to €2.9m
- Other operating charges +€226,968
up €226,968 (+457.4%), from €49,620 to €276,588
- Taxes -€57,271
down €57,271 (-97.7%), from €58,633 to €1,362
- Gross operating margin -€33,122
down €33,122 (-5.4%), from €618,490 to €585,368
- Financial charges +€10,558
up €10,558 (+6.0%), from €176,769 to €187,327
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 | €6,770,430 | €5,705,943 | -€1.1m | -15.7% |
| Fixed assets | 21/28 | €5,574,743 | €5,299,226 | -€275,517 | -4.9% |
| Tangible fixed assets | 22/27 | €5,569,743 | €5,294,226 | -€275,517 | -4.9% |
| Land and buildings | 22 | €4,977,773 | €4,718,028 | -€259,745 | -5.2% |
| Plant, machinery and equipment | 23 | €40,441 | €33,380 | -€7,061 | -17.5% |
| Furniture and vehicles | 24 | €16,029 | €7,318 | -€8,711 | -54.3% |
| Other tangible fixed assets | 26 | €11,000 | €11,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €524,500 | €524,500 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,195,687 | €406,717 | -€788,970 | -66.0% |
| Amounts receivable within one year | 40/41 | €129,425 | €350,850 | +€221,425 | +171.1% |
| Trade receivables | 40 | €49,039 | €86,282 | +€37,243 | +75.9% |
| Other amounts receivable | 41 | €80,386 | €264,568 | +€184,182 | +229.1% |
| Current investments | 50/53 | €598,920 | - | -€598,920 | |
| Cash at bank and in hand | 54/58 | €461,849 | €40,990 | -€420,859 | -91.1% |
| Deferred charges and accrued income | 490/1 | €5,494 | €14,878 | +€9,383 | +170.8% |
| Total equity and liabilities | 10/49 | €6,770,430 | €5,705,943 | -€1.1m | -15.7% |
| Equity | 10/15 | €1,249,456 | €914,502 | -€334,954 | -26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,230,856 | €895,902 | -€334,954 | -27.2% |
| Distributable reserves | 133 | €1,230,856 | €895,902 | -€334,954 | -27.2% |
| Amounts payable | 17/49 | €5,520,974 | €4,791,441 | -€729,533 | -13.2% |
| Amounts payable after more than one year | 17 | €3,197,212 | €2,923,294 | -€273,918 | -8.6% |
| Financial debts | 170/4 | €3,197,212 | €2,923,294 | -€273,918 | -8.6% |
| Amounts payable within one year | 42/48 | €2,266,877 | €1,811,352 | -€455,525 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €286,538 | €278,739 | -€7,799 | -2.7% |
| Financial debts | 43 | €37,516 | €38,293 | +€777 | +2.1% |
| Credit institutions | 430/8 | €37,516 | €38,293 | +€777 | +2.1% |
| Trade debts | 44 | €41,075 | €8,491 | -€32,584 | -79.3% |
| Suppliers | 440/4 | €41,075 | €8,491 | -€32,584 | -79.3% |
| Taxes, remuneration and social security | 45 | €48,297 | €98,435 | +€50,138 | +103.8% |
| Taxes | 450/3 | €48,297 | €95,637 | +€47,340 | +98.0% |
| Remuneration and social security | 454/9 | - | €2,798 | +€2,798 | |
| Other amounts payable | 47/48 | €1,853,451 | €1,387,394 | -€466,057 | -25.1% |
| Accrued charges and deferred income | 492/3 | €56,885 | €56,795 | -€90 | -0.2% |
| Non-recurring operating income | 76A | - | €2,965 | +€2,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,844 | €218,123 | -€722 | -0.3% |
| Other operating charges | 640/8 | €49,620 | €276,588 | +€226,968 | +457.4% |
| Non-recurring operating charges | 66A | - | €2,604 | +€2,604 | |
| Gross operating margin | 9900 | €618,490 | €585,368 | -€33,122 | -5.4% |
| Operating profit (loss) | 9901 | €350,026 | €88,053 | -€261,973 | -74.8% |
| Financial income | 75/76B | €20,621 | €25,681 | +€5,060 | +24.5% |
| Recurring financial income | 75 | €20,621 | €12,509 | -€8,113 | -39.3% |
| Non-recurring financial income | 76B | - | €13,173 | +€13,173 | |
| Financial charges | 65/66B | €176,769 | €187,327 | +€10,558 | +6.0% |
| Recurring financial charges | 65 | €176,769 | €187,327 | +€10,558 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €193,878 | -€73,592 | -€267,470 | |
| Income taxes | 67/77 | €58,633 | €1,362 | -€57,271 | -97.7% |
| Profit (loss) for the period | 9904 | €135,245 | -€74,954 | -€210,199 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,245 | -€74,954 | -€210,199 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.