JULLIGHT: 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.
JULLIGHT
Largest movements
- Receivables within one year +€86,206
up €86,206 (+65.9%), from €130,827 to €217,033
of which Trade receivables: +€111,364
- Stocks and contracts +€74,215
up €74,215 (+27.0%), from €274,891 to €349,107
- Deferred charges and accrued income +€42,901
up €42,901, from €0 to €42,901
- Cash -€31,842
down €31,842 (-59.8%), from €53,291 to €21,449
mainly Contributions, distributions and other (-€102,543) and Receivables within one year (-€86,206)
- Other debts +€112,543
new in 2025: €112,543
- Trade debts +€46,414
up €46,414 (+126%), from €36,810 to €83,224
- Short-term financial debts +€36,313
up €36,313 (+51.7%), from €70,187 to €106,500
- Tax, wage and social debts -€13,307
down €13,307 (-83.0%), from €16,026 to €2,718
- Debts after one year -€12,017
down €12,017 (-89.0%), from €13,506 to €1,488
- Gross operating margin -€7,360
down €7,360 (-5.0%), from €148,572 to €141,212
- Taxes -€2,876
down €2,876 (-9.6%), from €29,943 to €27,067
- Financial charges +€2,046
up €2,046 (+27.1%), from €7,546 to €9,591
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 | €461,586 | €639,371 | +€177,785 | +38.5% |
| Fixed assets | 21/28 | €2,577 | €8,881 | +€6,305 | +245% |
| Tangible fixed assets | 22/27 | €2,577 | €8,881 | +€6,305 | +245% |
| Plant, machinery and equipment | 23 | €1,965 | €3,926 | +€1,961 | +99.8% |
| Furniture and vehicles | 24 | €611 | €4,955 | +€4,344 | +710% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €459,009 | €630,490 | +€171,481 | +37.4% |
| Stocks and contracts in progress | 3 | €274,891 | €349,107 | +€74,215 | +27.0% |
| Stocks | 30/36 | €274,891 | €349,107 | +€74,215 | +27.0% |
| Amounts receivable within one year | 40/41 | €130,827 | €217,033 | +€86,206 | +65.9% |
| Trade receivables | 40 | €100,904 | €212,268 | +€111,364 | +110% |
| Other amounts receivable | 41 | €29,923 | €4,765 | -€25,158 | -84.1% |
| Cash at bank and in hand | 54/58 | €53,291 | €21,449 | -€31,842 | -59.8% |
| Deferred charges and accrued income | 490/1 | €0 | €42,901 | +€42,901 | |
| Total equity and liabilities | 10/49 | €461,586 | €639,371 | +€177,785 | +38.5% |
| Equity | 10/15 | €310,311 | €309,880 | -€431 | -0.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €308,380 | €308,380 | = | 0.0% |
| Distributable reserves | 133 | €308,380 | €308,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | €431 | €0 | -€431 | -100% |
| Amounts payable | 17/49 | €151,275 | €329,491 | +€178,216 | +118% |
| Amounts payable after more than one year | 17 | €13,506 | €1,488 | -€12,017 | -89.0% |
| Financial debts | 170/4 | €13,506 | €1,488 | -€12,017 | -89.0% |
| Amounts payable within one year | 42/48 | €137,769 | €317,003 | +€179,234 | +130% |
| Current portion of amounts payable after more than one year | 42 | €14,747 | €12,017 | -€2,730 | -18.5% |
| Financial debts | 43 | €70,187 | €106,500 | +€36,313 | +51.7% |
| Credit institutions | 430/8 | €70,187 | €106,500 | +€36,313 | +51.7% |
| Trade debts | 44 | €36,810 | €83,224 | +€46,414 | +126% |
| Suppliers | 440/4 | €36,810 | €83,224 | +€46,414 | +126% |
| Taxes, remuneration and social security | 45 | €16,026 | €2,718 | -€13,307 | -83.0% |
| Taxes | 450/3 | €16,026 | €2,718 | -€13,307 | -83.0% |
| Other amounts payable | 47/48 | - | €112,543 | +€112,543 | |
| Accrued charges and deferred income | 492/3 | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €1,639 | +€472 | +40.4% |
| Other operating charges | 640/8 | €961 | €966 | +€5 | +0.5% |
| Gross operating margin | 9900 | €148,572 | €141,212 | -€7,360 | -5.0% |
| Operating profit (loss) | 9901 | €146,444 | €138,607 | -€7,836 | -5.4% |
| Financial income | 75/76B | €29 | €163 | +€134 | +457% |
| Recurring financial income | 75 | €29 | €163 | +€134 | +457% |
| Financial charges | 65/66B | €7,546 | €9,591 | +€2,046 | +27.1% |
| Recurring financial charges | 65 | €7,546 | €9,591 | +€2,046 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €138,927 | €129,179 | -€9,748 | -7.0% |
| Income taxes | 67/77 | €29,943 | €27,067 | -€2,876 | -9.6% |
| Profit (loss) for the period | 9904 | €108,984 | €102,112 | -€6,872 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,984 | €102,112 | -€6,872 | -6.3% |
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 15 October 2026 via checked.be.