JULO INVEST: 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 INVEST
Largest movements
- Financial fixed assets +€500,000
new in 2025: €500,000
- Cash -€214,792
down €214,792 (-98.1%), from €218,889 to €4,097
mainly Investment in fixed assets (net) (-€500,000) and Debts after one year (-€127,246)
- Receivables within one year +€106,806
up €106,806 (+158%), from €67,527 to €174,333
of which Trade receivables: +€96,850
- Tangible fixed assets -€62,669
down €62,669 (-3.3%), from €1.9m to €1.8m
of which Land and buildings: -€60,642
- Other debts +€428,652
up €428,652 (+230%), from €186,423 to €615,075
- Debts after one year -€127,246
down €127,246 (-10.0%), from €1.3m to €1.1m
- Reserves +€29,957
up €29,957 (+5.8%), from €520,906 to €550,863
of which Distributable reserves: +€29,957
- Gross operating margin -€116,394
down €116,394 (-44.6%), from €260,948 to €144,554
- Taxes -€34,521
down €34,521 (-70.7%), from €48,860 to €14,339
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 | €2,179,140 | €2,508,483 | +€329,343 | +15.1% |
| Fixed assets | 21/28 | €1,892,722 | €2,330,053 | +€437,331 | +23.1% |
| Tangible fixed assets | 22/27 | €1,892,722 | €1,830,053 | -€62,669 | -3.3% |
| Land and buildings | 22 | €1,884,781 | €1,824,139 | -€60,642 | -3.2% |
| Furniture and vehicles | 24 | €7,941 | €5,914 | -€2,027 | -25.5% |
| Financial fixed assets | 28 | - | €500,000 | +€500,000 | |
| Current assets | 29/58 | €286,418 | €178,430 | -€107,988 | -37.7% |
| Amounts receivable within one year | 40/41 | €67,527 | €174,333 | +€106,806 | +158% |
| Trade receivables | 40 | €66,000 | €162,850 | +€96,850 | +147% |
| Other amounts receivable | 41 | €1,527 | €11,483 | +€9,956 | +652% |
| Cash at bank and in hand | 54/58 | €218,889 | €4,097 | -€214,792 | -98.1% |
| Deferred charges and accrued income | 490/1 | €2 | - | -€2 | |
| Total equity and liabilities | 10/49 | €2,179,140 | €2,508,483 | +€329,343 | +15.1% |
| Equity | 10/15 | €527,106 | €557,063 | +€29,957 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €520,906 | €550,863 | +€29,957 | +5.8% |
| Tax-exempt reserves | 132 | €93 | €93 | = | 0.0% |
| Distributable reserves | 133 | €520,813 | €550,770 | +€29,957 | +5.8% |
| Amounts payable | 17/49 | €1,652,034 | €1,951,420 | +€299,386 | +18.1% |
| Amounts payable after more than one year | 17 | €1,274,189 | €1,146,943 | -€127,246 | -10.0% |
| Financial debts | 170/4 | €1,274,189 | €1,146,943 | -€127,246 | -10.0% |
| Amounts payable within one year | 42/48 | €374,345 | €800,977 | +€426,632 | +114% |
| Current portion of amounts payable after more than one year | 42 | €126,058 | €127,245 | +€1,187 | +0.9% |
| Trade debts | 44 | €21,221 | €20,547 | -€674 | -3.2% |
| Suppliers | 440/4 | €21,221 | €20,547 | -€674 | -3.2% |
| Taxes, remuneration and social security | 45 | €40,643 | €38,110 | -€2,533 | -6.2% |
| Taxes | 450/3 | €28,898 | €28,935 | +€37 | +0.1% |
| Remuneration and social security | 454/9 | €11,745 | €9,175 | -€2,570 | -21.9% |
| Other amounts payable | 47/48 | €186,423 | €615,075 | +€428,652 | +230% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,806 | €62,669 | +€1,863 | +3.1% |
| Other operating charges | 640/8 | €17,975 | €15,379 | -€2,596 | -14.4% |
| Gross operating margin | 9900 | €260,948 | €144,554 | -€116,394 | -44.6% |
| Operating profit (loss) | 9901 | €182,167 | €66,506 | -€115,661 | -63.5% |
| Financial charges | 65/66B | €21,707 | €22,211 | +€504 | +2.3% |
| Recurring financial charges | 65 | €21,707 | €22,211 | +€504 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €160,460 | €44,295 | -€116,165 | -72.4% |
| Income taxes | 67/77 | €48,860 | €14,339 | -€34,521 | -70.7% |
| Profit (loss) for the period | 9904 | €111,600 | €29,956 | -€81,644 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,600 | €29,956 | -€81,644 | -73.2% |
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 25 October 2026 via checked.be.