JULMAX: 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.
JULMAX
Largest movements
- Tangible fixed assets -€10,907
down €10,907 (-2.3%), from €478,577 to €467,670
of which Land and buildings: -€9,356
- Debts after one year -€14,907
down €14,907 (-5.3%), from €279,334 to €264,428
- Other operating charges +€3,201
up €3,201 (+179.3%), from €1,785 to €4,986
- Gross operating margin +€1,114
up €1,114 (+3.2%), from €34,949 to €36,063
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 | €493,081 | €481,898 | -€11,183 | -2.3% |
| Fixed assets | 21/28 | €478,577 | €467,670 | -€10,907 | -2.3% |
| Tangible fixed assets | 22/27 | €478,577 | €467,670 | -€10,907 | -2.3% |
| Land and buildings | 22 | €474,440 | €465,084 | -€9,356 | -2.0% |
| Furniture and vehicles | 24 | €4,137 | €2,586 | -€1,551 | -37.5% |
| Current assets | 29/58 | €14,504 | €14,228 | -€276 | -1.9% |
| Cash at bank and in hand | 54/58 | €14,504 | €14,228 | -€276 | -1.9% |
| Total equity and liabilities | 10/49 | €493,081 | €481,898 | -€11,183 | -2.3% |
| Equity | 10/15 | €98,609 | €102,314 | +€3,705 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €97,999 | €97,999 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €97,999 | €97,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,790 | -€8,085 | +€3,705 | +31.4% |
| Amounts payable | 17/49 | €394,472 | €379,584 | -€14,888 | -3.8% |
| Amounts payable after more than one year | 17 | €279,334 | €264,428 | -€14,907 | -5.3% |
| Financial debts | 170/4 | €279,334 | €264,428 | -€14,907 | -5.3% |
| Amounts payable within one year | 42/48 | €115,138 | €115,157 | +€19 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €14,730 | €14,907 | +€177 | +1.2% |
| Trade debts | 44 | €408 | €250 | -€158 | -38.8% |
| Suppliers | 440/4 | €408 | €250 | -€158 | -38.8% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,594 | €23,379 | -€215 | -0.9% |
| Other operating charges | 640/8 | €1,785 | €4,986 | +€3,201 | +179.3% |
| Gross operating margin | 9900 | €34,949 | €36,063 | +€1,114 | +3.2% |
| Operating profit (loss) | 9901 | €9,570 | €7,699 | -€1,872 | -19.6% |
| Financial charges | 65/66B | €4,166 | €3,994 | -€173 | -4.1% |
| Recurring financial charges | 65 | €4,166 | €3,994 | -€173 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €5,404 | €3,705 | -€1,699 | -31.4% |
| Profit (loss) for the period | 9904 | €5,404 | €3,705 | -€1,699 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,404 | €3,705 | -€1,699 | -31.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.