JULO CONSULT: 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.
JULO CONSULT
Largest movements
- Cash +€44,092
up €44,092 (+89.5%), from €49,277 to €93,370
mainly Net result for the year (+€66,023) and Depreciation (+€37,931)
- Tangible fixed assets -€38,758
down €38,758 (-40.8%), from €95,074 to €56,316
of which Furniture and vehicles: -€38,200
- Receivables within one year +€17,487
up €17,487 (+12.1%), from €144,831 to €162,317
of which Trade receivables: +€35,308
- Financial fixed assets -€15,404
down €15,404 (-30.8%), from €50,000 to €34,596
- Reserves +€65,190
up €65,190 (+18.2%), from €358,341 to €423,531
- Other debts -€48,862
down €48,862 (-65.5%), from €74,604 to €25,741
- Debts after one year -€8,527
down €8,527 (-100.0%), from €8,527 to €0
- Trade debts +€8,385
up €8,385 (+153.7%), from €5,454 to €13,839
- Financial charges -€35,100
down €35,100 (-57.3%), from €61,263 to €26,163
of which Non-recurring financial charges: -€34,296
- Gross operating margin +€20,305
up €20,305 (+13.5%), from €149,947 to €170,252
- Taxes +€8,972
up €8,972 (+30.2%), from €29,682 to €38,653
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 | €507,748 | €514,849 | +€7,102 | +1.4% |
| Fixed assets | 21/28 | €145,074 | €90,912 | -€54,162 | -37.3% |
| Tangible fixed assets | 22/27 | €95,074 | €56,316 | -€38,758 | -40.8% |
| Plant, machinery and equipment | 23 | €1,731 | €1,173 | -€558 | -32.2% |
| Furniture and vehicles | 24 | €93,343 | €55,143 | -€38,200 | -40.9% |
| Financial fixed assets | 28 | €50,000 | €34,596 | -€15,404 | -30.8% |
| Current assets | 29/58 | €362,674 | €423,938 | +€61,264 | +16.9% |
| Amounts receivable after more than one year | 29 | €164,000 | €164,000 | = | 0.0% |
| Other amounts receivable | 291 | €164,000 | €164,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,831 | €162,317 | +€17,487 | +12.1% |
| Trade receivables | 40 | €115,124 | €150,432 | +€35,308 | +30.7% |
| Other amounts receivable | 41 | €29,707 | €11,885 | -€17,821 | -60.0% |
| Cash at bank and in hand | 54/58 | €49,277 | €93,370 | +€44,092 | +89.5% |
| Deferred charges and accrued income | 490/1 | €4,566 | €4,251 | -€315 | -6.9% |
| Total equity and liabilities | 10/49 | €507,748 | €514,849 | +€7,102 | +1.4% |
| Equity | 10/15 | €373,541 | €438,731 | +€65,190 | +17.5% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €358,341 | €423,531 | +€65,190 | +18.2% |
| Distributable reserves | 133 | €358,341 | €423,531 | +€65,190 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €134,207 | €76,118 | -€58,089 | -43.3% |
| Amounts payable after more than one year | 17 | €8,527 | €0 | -€8,527 | -100.0% |
| Financial debts | 170/4 | €8,527 | €0 | -€8,527 | -100.0% |
| Amounts payable within one year | 42/48 | €125,648 | €76,118 | -€49,530 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €12,393 | €8,527 | -€3,866 | -31.2% |
| Financial debts | 43 | €17,678 | €17,635 | -€43 | -0.2% |
| Credit institutions | 430/8 | €17,678 | €17,635 | -€43 | -0.2% |
| Trade debts | 44 | €5,454 | €13,839 | +€8,385 | +153.7% |
| Suppliers | 440/4 | €5,454 | €13,839 | +€8,385 | +153.7% |
| Taxes, remuneration and social security | 45 | €15,520 | €10,377 | -€5,143 | -33.1% |
| Taxes | 450/3 | €15,520 | €10,377 | -€5,143 | -33.1% |
| Other amounts payable | 47/48 | €74,604 | €25,741 | -€48,862 | -65.5% |
| Accrued charges and deferred income | 492/3 | €32 | €0 | -€32 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,409 | €37,931 | +€522 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €487 | +€487 | |
| Other operating charges | 640/8 | €1,535 | €791 | -€743 | -48.4% |
| Non-recurring operating charges | 66A | €0 | €1,016 | +€1,016 | |
| Gross operating margin | 9900 | €149,947 | €170,252 | +€20,305 | +13.5% |
| Operating profit (loss) | 9901 | €111,003 | €130,026 | +€19,023 | +17.1% |
| Financial income | 75/76B | €215 | €814 | +€598 | +277.9% |
| Recurring financial income | 75 | €215 | €814 | +€598 | +277.9% |
| Financial charges | 65/66B | €61,263 | €26,163 | -€35,100 | -57.3% |
| Recurring financial charges | 65 | €11,263 | €10,459 | -€804 | -7.1% |
| Non-recurring financial charges | 66B | €50,000 | €15,704 | -€34,296 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €49,955 | €104,677 | +€54,722 | +109.5% |
| Income taxes | 67/77 | €29,682 | €38,653 | +€8,972 | +30.2% |
| Profit (loss) for the period | 9904 | €20,274 | €66,023 | +€45,750 | +225.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,274 | €66,023 | +€45,750 | +225.7% |
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 11 October 2026 via checked.be.