JULMA PROJECTS: 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.
JULMA PROJECTS
Largest movements
- Cash -€16,756
down €16,756 (-32.7%), from €51,315 to €34,558
mainly Other debts (-€281,883) and Net result for the year (-€13,410)
- Stocks and contracts +€7,477
up €7,477 (+2.0%), from €378,764 to €386,241
- Debts after one year +€281,923
new in 2025: €281,923
- Other debts -€281,883
down €281,883 (-100%), from €281,883 to €0
- Profit (loss) carried forward -€13,410
down €13,410 (-55.9%), from -€23,994 to -€37,404
- Financial charges -€1,276
down €1,276 (-10.5%), from €12,147 to €10,871
- Other operating charges +€479
up €479 (+416%), from €115 to €594
- Gross operating margin -€40
down €40 (-2.9%), from -€1,395 to -€1,436
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 | €458,904 | €449,775 | -€9,129 | -2.0% |
| Formation expenses | 20 | €1,210 | €700 | -€510 | -42.2% |
| Current assets | 29/58 | €457,694 | €449,075 | -€8,619 | -1.9% |
| Stocks and contracts in progress | 3 | €378,764 | €386,241 | +€7,477 | +2.0% |
| Stocks | 30/36 | €378,764 | €386,241 | +€7,477 | +2.0% |
| Amounts receivable within one year | 40/41 | €27,616 | €28,276 | +€660 | +2.4% |
| Other amounts receivable | 41 | €27,616 | €28,276 | +€660 | +2.4% |
| Cash at bank and in hand | 54/58 | €51,315 | €34,558 | -€16,756 | -32.7% |
| Total equity and liabilities | 10/49 | €458,904 | €449,775 | -€9,129 | -2.0% |
| Equity | 10/15 | €1,006 | -€12,404 | -€13,410 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,994 | -€37,404 | -€13,410 | -55.9% |
| Amounts payable | 17/49 | €457,898 | €462,179 | +€4,281 | +0.9% |
| Amounts payable after more than one year | 17 | - | €281,923 | +€281,923 | |
| Other amounts payable | 178/9 | - | €281,923 | +€281,923 | |
| Amounts payable within one year | 42/48 | €457,898 | €179,731 | -€278,167 | -60.7% |
| Financial debts | 43 | €176,015 | €179,731 | +€3,716 | +2.1% |
| Credit institutions | 430/8 | €176,015 | €179,731 | +€3,716 | +2.1% |
| Other amounts payable | 47/48 | €281,883 | €0 | -€281,883 | -100% |
| Accrued charges and deferred income | 492/3 | - | €525 | +€525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €510 | = | 0.0% |
| Other operating charges | 640/8 | €115 | €594 | +€479 | +416% |
| Gross operating margin | 9900 | -€1,395 | -€1,436 | -€40 | -2.9% |
| Operating profit (loss) | 9901 | -€2,020 | -€2,539 | -€519 | -25.7% |
| Financial charges | 65/66B | €12,147 | €10,871 | -€1,276 | -10.5% |
| Recurring financial charges | 65 | €12,147 | €10,871 | -€1,276 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,167 | -€13,410 | +€757 | +5.3% |
| Profit (loss) for the period | 9904 | -€14,167 | -€13,410 | +€757 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,167 | -€13,410 | +€757 | +5.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.