Julmat: 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.
Julmat
Largest movements
- Tangible fixed assets -€11,531
down €11,531 (-3.9%), from €294,459 to €282,929
- Debts within one year -€366,653
down €366,653 (-87.8%), from €417,742 to €51,089
- Equity +€363,647
up €363,647 (+65.2%), from €557,776 to €921,424
of which Reserves: +€351,247
- Debts after one year -€12,300
down €12,300 (-7.4%), from €165,427 to €153,127
- Gross operating margin +€121,823
up €121,823 (+28.0%), from €435,004 to €556,827
- Taxes +€7,438
up €7,438 (+7.1%), from €105,068 to €112,506
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,140,945 | €1,125,639 | -€15,306 | -1.3% |
| Fixed assets | 21/28 | €294,459 | €282,929 | -€11,531 | -3.9% |
| Tangible fixed assets | 22/27 | €294,459 | €282,929 | -€11,531 | -3.9% |
| Current assets | 29/58 | €846,486 | €842,711 | -€3,775 | -0.4% |
| Amounts receivable within one year | 40/41 | €123,302 | €68,916 | -€54,386 | -44.1% |
| Current investments | 50/53 | €10,000 | €16,379 | +€6,379 | +63.8% |
| Cash at bank and in hand | 54/58 | €711,379 | €755,486 | +€44,108 | +6.2% |
| Total equity and liabilities | 10/49 | €1,140,945 | €1,125,639 | -€15,306 | -1.3% |
| Equity | 10/15 | €557,776 | €921,424 | +€363,647 | +65.2% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €551,576 | €902,824 | +€351,247 | +63.7% |
| Amounts payable | 17/49 | €583,168 | €204,216 | -€378,953 | -65.0% |
| Amounts payable after more than one year | 17 | €165,427 | €153,127 | -€12,300 | -7.4% |
| Amounts payable within one year | 42/48 | €417,742 | €51,089 | -€366,653 | -87.8% |
| Trade debts | 44 | €21,157 | €18,620 | -€2,537 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,742 | €23,607 | +€865 | +3.8% |
| Gross operating margin | 9900 | €435,004 | €556,827 | +€121,823 | +28.0% |
| Operating profit (loss) | 9901 | €375,938 | €468,820 | +€92,882 | +24.7% |
| Recurring financial income | 75 | €4 | €383 | +€379 | +9,380% |
| Recurring financial charges | 65 | €5,117 | €5,450 | +€333 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €370,825 | €463,753 | +€92,928 | +25.1% |
| Income taxes | 67/77 | €105,068 | €112,506 | +€7,438 | +7.1% |
| Profit (loss) for the period | 9904 | €265,757 | €351,247 | +€85,490 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €265,757 | €351,247 | +€85,490 | +32.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.