JULLAU: 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.
JULLAU
Largest movements
- Current investments +€123,532
up €123,532 (+38.5%), from €320,911 to €444,444
- Tangible fixed assets -€34,556
down €34,556 (-12.3%), from €281,093 to €246,537
of which Furniture and vehicles: -€28,347
- Receivables within one year +€17,873
up €17,873 (+24.7%), from €72,249 to €90,122
of which Trade receivables: +€32,461
- Cash +€15,954
up €15,954 (+14.8%), from €107,547 to €123,502
mainly Net result for the year (+€216,324) and Other debts (+€79,921)
- Stocks and contracts +€10,418
up €10,418 (+120%), from €8,666 to €19,084
- Reserves +€91,324
up €91,324 (+14.0%), from €654,052 to €745,376
- Other debts +€79,921
up €79,921 (+280%), from €28,500 to €108,421
- Debts after one year -€30,000
down €30,000 (-100%), from €30,000 to €0
- Current portion of long-term debt -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Gross operating margin +€77,010
up €77,010 (+28.6%), from €268,853 to €345,862
- Taxes +€25,487
up €25,487 (+44.6%), from €57,135 to €82,621
- Depreciation -€6,005
down €6,005 (-10.6%), from €56,755 to €50,750
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 | €794,415 | €924,563 | +€130,148 | +16.4% |
| Fixed assets | 21/28 | €281,783 | €246,537 | -€35,246 | -12.5% |
| Tangible fixed assets | 22/27 | €281,093 | €246,537 | -€34,556 | -12.3% |
| Land and buildings | 22 | €109,849 | €106,028 | -€3,821 | -3.5% |
| Plant, machinery and equipment | 23 | €38,675 | €36,287 | -€2,388 | -6.2% |
| Furniture and vehicles | 24 | €108,231 | €79,885 | -€28,347 | -26.2% |
| Other tangible fixed assets | 26 | €24,338 | €24,338 | = | 0.0% |
| Financial fixed assets | 28 | €690 | €0 | -€690 | -100% |
| Current assets | 29/58 | €512,632 | €678,026 | +€165,393 | +32.3% |
| Amounts receivable after more than one year | 29 | €2,838 | €0 | -€2,838 | -100% |
| Other amounts receivable | 291 | €2,838 | €0 | -€2,838 | -100% |
| Stocks and contracts in progress | 3 | €8,666 | €19,084 | +€10,418 | +120% |
| Stocks | 30/36 | €8,666 | €19,084 | +€10,418 | +120% |
| Amounts receivable within one year | 40/41 | €72,249 | €90,122 | +€17,873 | +24.7% |
| Trade receivables | 40 | €13,810 | €46,271 | +€32,461 | +235% |
| Other amounts receivable | 41 | €58,439 | €43,852 | -€14,587 | -25.0% |
| Current investments | 50/53 | €320,911 | €444,444 | +€123,532 | +38.5% |
| Cash at bank and in hand | 54/58 | €107,547 | €123,502 | +€15,954 | +14.8% |
| Deferred charges and accrued income | 490/1 | €421 | €874 | +€453 | +108% |
| Total equity and liabilities | 10/49 | €794,415 | €924,563 | +€130,148 | +16.4% |
| Equity | 10/15 | €659,052 | €750,376 | +€91,324 | +13.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €654,052 | €745,376 | +€91,324 | +14.0% |
| Distributable reserves | 133 | €654,052 | €745,376 | +€91,324 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,363 | €174,187 | +€38,824 | +28.7% |
| Amounts payable after more than one year | 17 | €30,000 | €0 | -€30,000 | -100% |
| Financial debts | 170/4 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable within one year | 42/48 | €105,363 | €174,187 | +€68,824 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Financial debts | 43 | €33,793 | €25,312 | -€8,481 | -25.1% |
| Credit institutions | 430/8 | €33,793 | €25,312 | -€8,481 | -25.1% |
| Trade debts | 44 | €1,065 | €2,252 | +€1,187 | +111% |
| Suppliers | 440/4 | €1,065 | €2,252 | +€1,187 | +111% |
| Advances received on contracts in progress | 46 | €2,005 | €2,864 | +€859 | +42.9% |
| Taxes, remuneration and social security | 45 | - | €5,338 | +€5,338 | |
| Taxes | 450/3 | - | €5,338 | +€5,338 | |
| Other amounts payable | 47/48 | €28,500 | €108,421 | +€79,921 | +280% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,755 | €50,750 | -€6,005 | -10.6% |
| Other operating charges | 640/8 | €1,171 | €1,455 | +€285 | +24.3% |
| Gross operating margin | 9900 | €268,853 | €345,862 | +€77,010 | +28.6% |
| Operating profit (loss) | 9901 | €210,927 | €293,657 | +€82,730 | +39.2% |
| Financial income | 75/76B | €10,654 | €8,701 | -€1,953 | -18.3% |
| Recurring financial income | 75 | €10,654 | €8,701 | -€1,953 | -18.3% |
| Financial charges | 65/66B | €2,839 | €3,413 | +€573 | +20.2% |
| Recurring financial charges | 65 | €2,839 | €3,413 | +€573 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €218,741 | €298,945 | +€80,204 | +36.7% |
| Income taxes | 67/77 | €57,135 | €82,621 | +€25,487 | +44.6% |
| Profit (loss) for the period | 9904 | €161,607 | €216,324 | +€54,717 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €161,607 | €216,324 | +€54,717 | +33.9% |
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 23 October 2026 via checked.be.