JULMAZ: 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.
What changed
JULMAZ
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€736,636
2023 · €857,702-€121,066
Equity
€6.1m
2023 · €5.4m+€736,636
Cash
€968,521
2023 · €1.2m-€246,307
Balance sheet total
€11.0m
2023 · €10.5m+€464,651
Largest movements
Assets
- Current investments +€867,498
up €867,498 (+367.9%), from €235,800 to €1.1m
- Tangible fixed assets -€527,522
down €527,522 (-10.0%), from €5.3m to €4.8m
of which Plant, machinery and equipment: -€540,587
- Receivables after one year +€411,500
up €411,500 (+38.3%), from €1.1m to €1.5m
- Cash -€246,307
down €246,307 (-20.3%), from €1.2m to €968,521
mainly Current investments (-€867,498) and Receivables after one year (-€411,500)
Equity and liabilities
- Profit (loss) carried forward +€785,213
up €785,213 (+32.9%), from €2.4m to €3.2m
- Other debts -€321,441
no longer reported in 2024 (was €321,441)
Income statement
- Financial income -€209,306
down €209,306 (-69.1%), from €303,032 to €93,726
- Gross operating margin +€139,208
up €139,208 (+12.6%), from €1.1m to €1.2m
- Taxes -€26,955
down €26,955 (-7.4%), from €364,644 to €337,688
From the 2023 result to the 2024 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.
Result 2023
€857,702
Gross operating margin
+€139,208
Depreciation
-€3,439
Other operating charges
-€2,038
Other operating items
-€70,948
Financial income
-€209,306
Financial charges
-€1,499
Taxes
+€26,955
Result 2024
€736,636
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€169,797
Investment
-€462,671
Financing
+€46,567
Cash 2023
€1.2m
From operations (derived)
+€169,797
Net result for the year
+€736,636
Depreciation
+€129,855
Receivables after one year
-€411,500
Receivables within one year
+€93,139
Deferred charges and accrued income
-€59,781
Provisions
-€16,192
Trade debts
+€856
Tax, wage and social debts
+€18,225
Other debts
-€321,441
Investment (derived)
-€462,671
Investment in fixed assets (net)
+€404,827
Current investments
-€867,498
Financing
+€46,567
Debts after one year
-€7,437
Current portion of long-term debt
+€117
Short-term financial debts
+€53,887
Cash 2024
€968,521
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,514,350 | €10,979,001 | +€464,651 | +4.4% |
| Fixed assets | 21/28 | €5,435,902 | €4,901,220 | -€534,682 | -9.8% |
| Tangible fixed assets | 22/27 | €5,299,902 | €4,772,380 | -€527,522 | -10.0% |
| Land and buildings | 22 | €2,058,193 | €1,614,703 | -€443,489 | -21.5% |
| Plant, machinery and equipment | 23 | €562,136 | €21,549 | -€540,587 | -96.2% |
| Furniture and vehicles | 24 | €1,628 | €794 | -€833 | -51.2% |
| Leasing and similar rights | 25 | €2,646,840 | €2,589,300 | -€57,540 | -2.2% |
| Other tangible fixed assets | 26 | €31,105 | €546,032 | +€514,928 | +1655.5% |
| Financial fixed assets | 28 | €136,000 | €128,840 | -€7,160 | -5.3% |
| Current assets | 29/58 | €5,078,449 | €6,077,782 | +€999,333 | +19.7% |
| Amounts receivable after more than one year | 29 | €1,075,000 | €1,486,500 | +€411,500 | +38.3% |
| Other amounts receivable | 291 | €1,075,000 | €1,486,500 | +€411,500 | +38.3% |
| Amounts receivable within one year | 40/41 | €2,526,731 | €2,433,592 | -€93,139 | -3.7% |
| Trade receivables | 40 | - | €393,326 | +€393,326 | |
| Other amounts receivable | 41 | €2,526,731 | €2,040,266 | -€486,465 | -19.3% |
| Current investments | 50/53 | €235,800 | €1,103,298 | +€867,498 | +367.9% |
| Cash at bank and in hand | 54/58 | €1,214,828 | €968,521 | -€246,307 | -20.3% |
| Deferred charges and accrued income | 490/1 | €26,090 | €85,870 | +€59,781 | +229.1% |
| Total equity and liabilities | 10/49 | €10,514,350 | €10,979,001 | +€464,651 | +4.4% |
| Equity | 10/15 | €5,413,078 | €6,149,714 | +€736,636 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,004,362 | €2,955,784 | -€48,577 | -1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,140,502 | €2,091,924 | -€48,577 | -2.3% |
| Distributable reserves | 133 | €862,000 | €862,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,390,116 | €3,175,329 | +€785,213 | +32.9% |
| Provisions and deferred taxes | 16 | €711,693 | €695,500 | -€16,192 | -2.3% |
| Deferred taxes | 168 | €711,693 | €695,500 | -€16,192 | -2.3% |
| Amounts payable | 17/49 | €4,389,580 | €4,133,787 | -€255,793 | -5.8% |
| Amounts payable after more than one year | 17 | €3,111,830 | €3,104,393 | -€7,437 | -0.2% |
| Financial debts | 170/4 | €3,111,830 | €3,104,393 | -€7,437 | -0.2% |
| Amounts payable within one year | 42/48 | €1,277,750 | €1,029,394 | -€248,356 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €7,320 | €7,437 | +€117 | +1.6% |
| Financial debts | 43 | €817,140 | €871,027 | +€53,887 | +6.6% |
| Credit institutions | 430/8 | €817,140 | €871,027 | +€53,887 | +6.6% |
| Trade debts | 44 | €9,452 | €10,308 | +€856 | +9.1% |
| Suppliers | 440/4 | €9,452 | €10,308 | +€856 | +9.1% |
| Taxes, remuneration and social security | 45 | €122,397 | €140,622 | +€18,225 | +14.9% |
| Taxes | 450/3 | €122,397 | €140,622 | +€18,225 | +14.9% |
| Other amounts payable | 47/48 | €321,441 | - | -€321,441 | |
| Non-recurring operating income | 76A | - | €107 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,416 | €129,855 | +€3,439 | +2.7% |
| Other operating charges | 640/8 | €7,363 | €9,401 | +€2,038 | +27.7% |
| Non-recurring operating charges | 66A | €35,577 | €106,525 | +€70,948 | +199.4% |
| Gross operating margin | 9900 | €1,103,458 | €1,242,666 | +€139,208 | +12.6% |
| Operating profit (loss) | 9901 | €934,102 | €996,885 | +€62,783 | +6.7% |
| Financial income | 75/76B | €303,032 | €93,726 | -€209,306 | -69.1% |
| Recurring financial income | 75 | €303,032 | €93,726 | -€209,306 | -69.1% |
| Financial charges | 65/66B | €30,980 | €32,479 | +€1,499 | +4.8% |
| Recurring financial charges | 65 | €30,980 | €32,479 | +€1,499 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €1,206,153 | €1,058,132 | -€148,022 | -12.3% |
| Transfer from deferred taxes | 780 | €16,192 | €16,192 | = | 0.0% |
| Income taxes | 67/77 | €364,644 | €337,688 | -€26,955 | -7.4% |
| Profit (loss) for the period | 9904 | €857,702 | €736,636 | -€121,066 | -14.1% |
| Transfer from tax-exempt reserves | 789 | €48,577 | €48,577 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €906,280 | €785,213 | -€121,066 | -13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.