JULO: 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.
JULO
Largest movements
- Tangible fixed assets -€33,131
down €33,131 (-92.5%), from €35,810 to €2,679
- Cash +€31,665
up €31,665 (+226.2%), from €14,002 to €45,666
mainly Net result for the year (+€37,386) and Investment in fixed assets (net) (+€22,568)
- Deferred charges and accrued income +€16,079
up €16,079 (+1646.1%), from €977 to €17,056
- Receivables within one year -€1,723
down €1,723 (-16.5%), from €10,464 to €8,741
of which Trade receivables: -€1,719
- Reserves +€37,386
up €37,386 (+1005.2%), from €3,719 to €41,105
- Debts after one year -€22,112
down €22,112 (-100.0%), from €22,112 to €0
- Tax, wage and social debts +€14,551
up €14,551 (+175.3%), from €8,301 to €22,852
- Other debts -€9,538
down €9,538 (-69.9%), from €13,651 to €4,114
- Current portion of long-term debt -€8,819
down €8,819 (-100.0%), from €8,819 to €0
- Gross operating margin +€45,913
up €45,913 (+306.4%), from €14,986 to €60,899
- Taxes +€8,897
up €8,897 (+501.8%), from €1,773 to €10,670
- Depreciation +€2,578
up €2,578 (+32.3%), from €7,984 to €10,563
- Financial charges +€711
up €711 (+56.9%), from €1,250 to €1,960
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 | €61,251 | €74,142 | +€12,890 | +21.0% |
| Fixed assets | 21/28 | €35,810 | €2,679 | -€33,131 | -92.5% |
| Tangible fixed assets | 22/27 | €35,810 | €2,679 | -€33,131 | -92.5% |
| Furniture and vehicles | 24 | €35,810 | €2,679 | -€33,131 | -92.5% |
| Current assets | 29/58 | €25,442 | €71,463 | +€46,021 | +180.9% |
| Amounts receivable within one year | 40/41 | €10,464 | €8,741 | -€1,723 | -16.5% |
| Trade receivables | 40 | €10,460 | €8,741 | -€1,719 | -16.4% |
| Other amounts receivable | 41 | €3 | €0 | -€3 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,002 | €45,666 | +€31,665 | +226.2% |
| Deferred charges and accrued income | 490/1 | €977 | €17,056 | +€16,079 | +1646.1% |
| Total equity and liabilities | 10/49 | €61,251 | €74,142 | +€12,890 | +21.0% |
| Equity | 10/15 | €6,719 | €44,105 | +€37,386 | +556.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,719 | €41,105 | +€37,386 | +1005.2% |
| Distributable reserves | 133 | €3,719 | €41,105 | +€37,386 | +1005.2% |
| Amounts payable | 17/49 | €54,532 | €30,037 | -€24,496 | -44.9% |
| Amounts payable after more than one year | 17 | €22,112 | €0 | -€22,112 | -100.0% |
| Financial debts | 170/4 | €22,112 | €0 | -€22,112 | -100.0% |
| Amounts payable within one year | 42/48 | €31,684 | €30,037 | -€1,648 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €8,819 | €0 | -€8,819 | -100.0% |
| Trade debts | 44 | €914 | €3,072 | +€2,158 | +236.1% |
| Suppliers | 440/4 | €914 | €3,072 | +€2,158 | +236.1% |
| Taxes, remuneration and social security | 45 | €8,301 | €22,852 | +€14,551 | +175.3% |
| Taxes | 450/3 | €8,301 | €22,852 | +€14,551 | +175.3% |
| Other amounts payable | 47/48 | €13,651 | €4,114 | -€9,538 | -69.9% |
| Accrued charges and deferred income | 492/3 | €736 | €0 | -€736 | -100.0% |
| Non-recurring operating income | 76A | - | €5,572 | +€5,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,984 | €10,563 | +€2,578 | +32.3% |
| Other operating charges | 640/8 | €260 | €320 | +€60 | +23.2% |
| Gross operating margin | 9900 | €14,986 | €60,899 | +€45,913 | +306.4% |
| Operating profit (loss) | 9901 | €6,742 | €50,017 | +€43,275 | +641.9% |
| Financial charges | 65/66B | €1,250 | €1,960 | +€711 | +56.9% |
| Recurring financial charges | 65 | €1,250 | €1,960 | +€711 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €5,492 | €48,056 | +€42,564 | +775.0% |
| Income taxes | 67/77 | €1,773 | €10,670 | +€8,897 | +501.8% |
| Profit (loss) for the period | 9904 | €3,719 | €37,386 | +€33,667 | +905.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,719 | €37,386 | +€33,667 | +905.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.