JULMAU: 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.
JULMAU
Largest movements
- Tangible fixed assets +€391,896
up €391,896 (+27.7%), from €1.4m to €1.8m
of which Land and buildings: +€392,896
- Receivables within one year +€135,624
up €135,624 (+25,875%), from €524 to €136,148
of which Trade receivables: +€135,000
- Cash +€54,720
up €54,720 (+88.2%), from €62,056 to €116,776
mainly Debts after one year (+€292,870) and Net result for the year (+€183,930)
- Debts after one year +€292,870
up €292,870 (+24.6%), from €1.2m to €1.5m
- Reserves +€183,930
up €183,930 (+207%), from €88,653 to €272,583
- Trade debts +€78,511
up €78,511 (+142%), from €55,383 to €133,895
- Tax, wage and social debts +€21,268
up €21,268 (+88.9%), from €23,930 to €45,198
- Gross operating margin +€57,776
up €57,776 (+20.9%), from €276,032 to €333,807
- Depreciation +€24,262
up €24,262 (+88.0%), from €27,565 to €51,828
- Taxes +€21,831
up €21,831 (+102%), from €21,462 to €43,293
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 | €1,479,301 | €2,069,541 | +€590,240 | +39.9% |
| Fixed assets | 21/28 | €1,416,721 | €1,808,617 | +€391,896 | +27.7% |
| Tangible fixed assets | 22/27 | €1,416,721 | €1,808,617 | +€391,896 | +27.7% |
| Land and buildings | 22 | €1,408,227 | €1,801,123 | +€392,896 | +27.9% |
| Furniture and vehicles | 24 | €8,494 | €7,494 | -€1,000 | -11.8% |
| Current assets | 29/58 | €62,580 | €260,924 | +€198,344 | +317% |
| Amounts receivable within one year | 40/41 | €524 | €136,148 | +€135,624 | +25,875% |
| Trade receivables | 40 | - | €135,000 | +€135,000 | |
| Other amounts receivable | 41 | €524 | €1,148 | +€624 | +119% |
| Cash at bank and in hand | 54/58 | €62,056 | €116,776 | +€54,720 | +88.2% |
| Deferred charges and accrued income | 490/1 | - | €8,000 | +€8,000 | |
| Total equity and liabilities | 10/49 | €1,479,301 | €2,069,541 | +€590,240 | +39.9% |
| Equity | 10/15 | €98,653 | €282,583 | +€183,930 | +186% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €88,653 | €272,583 | +€183,930 | +207% |
| Distributable reserves | 133 | €88,653 | €272,583 | +€183,930 | +207% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,380,648 | €1,786,958 | +€406,310 | +29.4% |
| Amounts payable after more than one year | 17 | €1,188,610 | €1,481,480 | +€292,870 | +24.6% |
| Financial debts | 170/4 | €1,188,610 | €1,481,480 | +€292,870 | +24.6% |
| Amounts payable within one year | 42/48 | €192,038 | €305,478 | +€113,441 | +59.1% |
| Current portion of amounts payable after more than one year | 42 | €80,488 | €83,584 | +€3,096 | +3.8% |
| Trade debts | 44 | €55,383 | €133,895 | +€78,511 | +142% |
| Suppliers | 440/4 | €55,383 | €133,895 | +€78,511 | +142% |
| Taxes, remuneration and social security | 45 | €23,930 | €45,198 | +€21,268 | +88.9% |
| Taxes | 450/3 | €23,930 | €45,198 | +€21,268 | +88.9% |
| Other amounts payable | 47/48 | €32,237 | €42,801 | +€10,565 | +32.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,565 | €51,828 | +€24,262 | +88.0% |
| Other operating charges | 640/8 | €1,543 | €2,426 | +€883 | +57.2% |
| Gross operating margin | 9900 | €276,032 | €333,807 | +€57,776 | +20.9% |
| Operating profit (loss) | 9901 | €246,924 | €279,554 | +€32,630 | +13.2% |
| Financial charges | 65/66B | €49,428 | €52,331 | +€2,903 | +5.9% |
| Recurring financial charges | 65 | €49,428 | €52,331 | +€2,903 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €197,495 | €227,223 | +€29,728 | +15.1% |
| Income taxes | 67/77 | €21,462 | €43,293 | +€21,831 | +102% |
| Profit (loss) for the period | 9904 | €176,033 | €183,930 | +€7,897 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €176,033 | €183,930 | +€7,897 | +4.5% |
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 21 October 2026 via checked.be.