JULMACO: what changed
What changed
JULMACO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€103,893
2024 · -€35,724+€139,617
Equity
€5.7m
2024 · €5.6m+€103,893
Cash
€21,639
2024 · €7,552+€14,087
Balance sheet total
€6.0m
2024 · €6.0m+€14,076
Largest movements
Assets
- Tangible fixed assets -€290,874
down €290,874 (-10.6%), from €2.8m to €2.5m
of which Land and buildings: -€253,341
- Receivables within one year +€290,862
up €290,862 (+11.6%), from €2.5m to €2.8m
of which Other amounts receivable: +€290,873
Equity and liabilities
- Profit (loss) carried forward +€146,363
up €146,363 (+4.9%), from €3.0m to €3.1m
- Debts after one year -€106,552
down €106,552 (-50.3%), from €211,650 to €105,097
Income statement
- Gross operating margin +€153,468
up €153,468 (+414%), from €37,082 to €190,550
- Taxes +€23,621
up €23,621 (+78.0%), from €30,276 to €53,897
- Other operating charges -€18,293
down €18,293 (-86.8%), from €21,064 to €2,770
- Financial income -€5,977
down €5,977 (-8.7%), from €68,814 to €62,837
- Depreciation +€2,157
up €2,157 (+2.2%), from €97,818 to €99,975
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€35,724
Gross operating margin
+€153,468
Staff costs
-€902
Depreciation
-€2,157
Other operating charges
+€18,293
Financial income
-€5,977
Financial charges
+€513
Taxes
-€23,621
Result 2025
€103,893
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€51,126
Investment
+€190,899
Financing
-€125,686
Cash 2024
€7,552
From operations (derived)
-€51,126
Net result for the year
+€103,893
Depreciation
+€99,975
Receivables within one year
-€290,862
Provisions
-€17,347
Trade debts
+€4,182
Tax, wage and social debts
+€48,546
Other debts
+€488
Investment (derived)
+€190,899
Investment in fixed assets (net)
+€190,899
Financing
-€125,686
Debts after one year
-€106,552
Current portion of long-term debt
-€19,134
Cash 2025
€21,639
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,035,062 | €6,049,138 | +€14,076 | +0.2% |
| Fixed assets | 21/28 | €3,530,643 | €3,239,770 | -€290,874 | -8.2% |
| Tangible fixed assets | 22/27 | €2,753,583 | €2,462,710 | -€290,874 | -10.6% |
| Land and buildings | 22 | €2,623,023 | €2,369,682 | -€253,341 | -9.7% |
| Furniture and vehicles | 24 | €130,560 | €93,027 | -€37,533 | -28.7% |
| Financial fixed assets | 28 | €777,060 | €777,060 | = | 0.0% |
| Current assets | 29/58 | €2,504,418 | €2,809,368 | +€304,950 | +12.2% |
| Amounts receivable within one year | 40/41 | €2,496,866 | €2,787,729 | +€290,862 | +11.6% |
| Trade receivables | 40 | €12 | €2 | -€10 | -85.7% |
| Other amounts receivable | 41 | €2,496,854 | €2,787,727 | +€290,873 | +11.6% |
| Cash at bank and in hand | 54/58 | €7,552 | €21,639 | +€14,087 | +187% |
| Total equity and liabilities | 10/49 | €6,035,062 | €6,049,138 | +€14,076 | +0.2% |
| Equity | 10/15 | €5,584,556 | €5,688,449 | +€103,893 | +1.9% |
| Contributions | 10/11 | €63,213 | €63,213 | = | 0.0% |
| Capital | 10 | €63,213 | €63,213 | = | 0.0% |
| Issued capital | 100 | €63,213 | €63,213 | = | 0.0% |
| Reserves | 13 | €2,519,214 | €2,476,744 | -€42,470 | -1.7% |
| Non-distributable reserves | 130/1 | €6,321 | €6,321 | = | 0.0% |
| Legal reserve | 130 | €6,321 | €6,321 | = | 0.0% |
| Tax-exempt reserves | 132 | €172,845 | €130,375 | -€42,470 | -24.6% |
| Distributable reserves | 133 | €2,340,048 | €2,340,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,002,129 | €3,148,492 | +€146,363 | +4.9% |
| Provisions and deferred taxes | 16 | €70,599 | €53,252 | -€17,347 | -24.6% |
| Deferred taxes | 168 | €70,599 | €53,252 | -€17,347 | -24.6% |
| Amounts payable | 17/49 | €379,907 | €307,437 | -€72,470 | -19.1% |
| Amounts payable after more than one year | 17 | €211,650 | €105,097 | -€106,552 | -50.3% |
| Financial debts | 170/4 | €211,650 | €105,097 | -€106,552 | -50.3% |
| Amounts payable within one year | 42/48 | €168,257 | €202,340 | +€34,082 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €74,126 | €54,993 | -€19,134 | -25.8% |
| Trade debts | 44 | €66,218 | €70,400 | +€4,182 | +6.3% |
| Suppliers | 440/4 | €66,218 | €70,400 | +€4,182 | +6.3% |
| Taxes, remuneration and social security | 45 | €3,508 | €52,054 | +€48,546 | +1,384% |
| Taxes | 450/3 | €3,508 | €52,054 | +€48,546 | +1,384% |
| Other amounts payable | 47/48 | €24,405 | €24,893 | +€488 | +2.0% |
| Non-recurring operating income | 76A | - | €226,986 | +€226,986 | |
| Remuneration, social security and pensions | 62 | €395 | €1,297 | +€902 | +228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,818 | €99,975 | +€2,157 | +2.2% |
| Other operating charges | 640/8 | €21,064 | €2,770 | -€18,293 | -86.8% |
| Gross operating margin | 9900 | €37,082 | €190,550 | +€153,468 | +414% |
| Operating profit (loss) | 9901 | -€82,195 | €86,508 | +€168,702 | |
| Financial income | 75/76B | €68,814 | €62,837 | -€5,977 | -8.7% |
| Recurring financial income | 75 | €68,814 | €62,837 | -€5,977 | -8.7% |
| Financial charges | 65/66B | €9,414 | €8,902 | -€513 | -5.4% |
| Recurring financial charges | 65 | €9,414 | €8,902 | -€513 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,795 | €140,443 | +€163,238 | |
| Transfer from deferred taxes | 780 | €17,347 | €17,347 | = | 0.0% |
| Income taxes | 67/77 | €30,276 | €53,897 | +€23,621 | +78.0% |
| Profit (loss) for the period | 9904 | -€35,724 | €103,893 | +€139,617 | |
| Transfer from tax-exempt reserves | 789 | €42,470 | €42,470 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,746 | €146,363 | +€139,617 | +2,070% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.