JULKO: 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.
JULKO
Largest movements
- Cash +€144,099
up €144,099 (+287%), from €50,129 to €194,227
mainly Net result for the year (+€152,505) and Depreciation (+€7,482)
- Receivables within one year +€8,062
up €8,062 (+11.8%), from €68,110 to €76,173
of which Trade receivables: +€8,103
- Tangible fixed assets -€5,465
down €5,465 (-15.0%), from €36,377 to €30,912
of which Other tangible fixed assets: -€3,413
- Deferred charges and accrued income +€5,274
up €5,274 (+432%), from €1,220 to €6,494
- Reserves +€152,505
up €152,505 (+132%), from €115,635 to €268,140
- Accrued charges and deferred income -€4,640
down €4,640 (-89.3%), from €5,194 to €554
- Tax, wage and social debts +€4,223
up €4,223 (+19.0%), from €22,284 to €26,508
- Gross operating margin +€51,223
up €51,223 (+31.9%), from €160,598 to €211,821
- Taxes +€14,069
up €14,069 (+41.3%), from €34,073 to €48,142
- Financial charges -€3,657
down €3,657 (-69.7%), from €5,249 to €1,591
- Depreciation +€3,149
up €3,149 (+72.7%), from €4,333 to €7,482
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 | €155,836 | €307,807 | +€151,971 | +97.5% |
| Fixed assets | 21/28 | €36,377 | €30,912 | -€5,465 | -15.0% |
| Tangible fixed assets | 22/27 | €36,377 | €30,912 | -€5,465 | -15.0% |
| Furniture and vehicles | 24 | €10,224 | €8,172 | -€2,052 | -20.1% |
| Other tangible fixed assets | 26 | €26,152 | €22,740 | -€3,413 | -13.0% |
| Current assets | 29/58 | €119,459 | €276,894 | +€157,435 | +132% |
| Amounts receivable within one year | 40/41 | €68,110 | €76,173 | +€8,062 | +11.8% |
| Trade receivables | 40 | €68,067 | €76,170 | +€8,103 | +11.9% |
| Other amounts receivable | 41 | €44 | €3 | -€40 | -92.8% |
| Cash at bank and in hand | 54/58 | €50,129 | €194,227 | +€144,099 | +287% |
| Deferred charges and accrued income | 490/1 | €1,220 | €6,494 | +€5,274 | +432% |
| Total equity and liabilities | 10/49 | €155,836 | €307,807 | +€151,971 | +97.5% |
| Equity | 10/15 | €118,135 | €270,640 | +€152,505 | +129% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €115,635 | €268,140 | +€152,505 | +132% |
| Distributable reserves | 133 | €115,635 | €268,140 | +€152,505 | +132% |
| Amounts payable | 17/49 | €37,701 | €37,166 | -€535 | -1.4% |
| Amounts payable within one year | 42/48 | €32,506 | €36,612 | +€4,106 | +12.6% |
| Trade debts | 44 | €4,477 | €3,623 | -€854 | -19.1% |
| Suppliers | 440/4 | €4,477 | €3,623 | -€854 | -19.1% |
| Taxes, remuneration and social security | 45 | €22,284 | €26,508 | +€4,223 | +19.0% |
| Taxes | 450/3 | €22,284 | €26,508 | +€4,223 | +19.0% |
| Other amounts payable | 47/48 | €5,745 | €6,482 | +€736 | +12.8% |
| Accrued charges and deferred income | 492/3 | €5,194 | €554 | -€4,640 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,333 | €7,482 | +€3,149 | +72.7% |
| Other operating charges | 640/8 | €1,309 | €2,101 | +€792 | +60.5% |
| Gross operating margin | 9900 | €160,598 | €211,821 | +€51,223 | +31.9% |
| Operating profit (loss) | 9901 | €154,957 | €202,239 | +€47,282 | +30.5% |
| Financial charges | 65/66B | €5,249 | €1,591 | -€3,657 | -69.7% |
| Recurring financial charges | 65 | €5,249 | €1,591 | -€3,657 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €149,708 | €200,648 | +€50,939 | +34.0% |
| Income taxes | 67/77 | €34,073 | €48,142 | +€14,069 | +41.3% |
| Profit (loss) for the period | 9904 | €115,635 | €152,505 | +€36,870 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,635 | €152,505 | +€36,870 | +31.9% |
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 16 October 2026 via checked.be.