JULLO: what changed
Two fiscal 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.
JULLO
Largest movements
- Tangible fixed assets +€69,492
up €69,492, from €0 to €69,492
of which Land and buildings: +€69,492
- Receivables within one year -€11,949
down €11,949 (-29.7%), from €40,182 to €28,233
of which Trade receivables: -€12,221
- Cash -€4,772
down €4,772 (-2.8%), from €173,240 to €168,468
mainly Investment in fixed assets (net) (-€70,575) and Contributions, distributions and other (-€833)
- Reserves +€33,494
up €33,494 (+17.9%), from €187,259 to €220,753
- Trade debts +€8,412
up €8,412 (+5785.9%), from €145 to €8,557
- Tax, wage and social debts +€5,321
up €5,321 (+49.3%), from €10,803 to €16,124
- Other debts +€5,059
up €5,059 (+34.8%), from €14,532 to €19,591
- Gross operating margin -€8,918
down €8,918 (-13.7%), from €65,309 to €56,391
- Taxes -€2,483
down €2,483 (-11.4%), from €21,842 to €19,359
- Depreciation +€754
up €754 (+228.2%), from €330 to €1,084
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 | €218,528 | €271,052 | +€52,524 | +24.0% |
| Fixed assets | 21/28 | €0 | €69,492 | +€69,492 | |
| Tangible fixed assets | 22/27 | €0 | €69,492 | +€69,492 | |
| Land and buildings | 22 | - | €69,492 | +€69,492 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €218,528 | €201,560 | -€16,968 | -7.8% |
| Stocks and contracts in progress | 3 | €4,859 | €4,859 | = | 0.0% |
| Stocks | 30/36 | €4,859 | €4,859 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,182 | €28,233 | -€11,949 | -29.7% |
| Trade receivables | 40 | €40,182 | €27,961 | -€12,221 | -30.4% |
| Other amounts receivable | 41 | - | €272 | +€272 | |
| Cash at bank and in hand | 54/58 | €173,240 | €168,468 | -€4,772 | -2.8% |
| Deferred charges and accrued income | 490/1 | €246 | €0 | -€246 | -100.0% |
| Total equity and liabilities | 10/49 | €218,528 | €271,052 | +€52,524 | +24.0% |
| Equity | 10/15 | €192,259 | €225,753 | +€33,494 | +17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €187,259 | €220,753 | +€33,494 | +17.9% |
| Distributable reserves | 133 | €187,259 | €220,753 | +€33,494 | +17.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,269 | €45,299 | +€19,030 | +72.4% |
| Amounts payable within one year | 42/48 | €25,481 | €44,273 | +€18,792 | +73.7% |
| Trade debts | 44 | €145 | €8,557 | +€8,412 | +5785.9% |
| Suppliers | 440/4 | €145 | €8,557 | +€8,412 | +5785.9% |
| Taxes, remuneration and social security | 45 | €10,803 | €16,124 | +€5,321 | +49.3% |
| Taxes | 450/3 | €10,803 | €16,124 | +€5,321 | +49.3% |
| Other amounts payable | 47/48 | €14,532 | €19,591 | +€5,059 | +34.8% |
| Accrued charges and deferred income | 492/3 | €788 | €1,026 | +€238 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €1,084 | +€754 | +228.2% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €65,309 | €56,391 | -€8,918 | -13.7% |
| Operating profit (loss) | 9901 | €64,465 | €54,779 | -€9,686 | -15.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €861 | €1,093 | +€232 | +27.0% |
| Recurring financial charges | 65 | €861 | €1,093 | +€232 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €63,604 | €53,686 | -€9,919 | -15.6% |
| Income taxes | 67/77 | €21,842 | €19,359 | -€2,483 | -11.4% |
| Profit (loss) for the period | 9904 | €41,762 | €34,327 | -€7,436 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,762 | €34,327 | -€7,436 | -17.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.