JULOA: 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.
JULOA
Largest movements
- Current investments -€148,251
down €148,251 (-100%), from €148,251 to €0
- Cash -€57,945
down €57,945 (-70.1%), from €82,684 to €24,739
mainly Other debts (-€111,634) and Net result for the year (-€51,911)
- Receivables within one year -€18,607
down €18,607 (-40.3%), from €46,175 to €27,568
of which Other amounts receivable: -€14,231
- Financial fixed assets -€11,585
down €11,585 (-100%), from €11,585 to €0
- Other debts -€111,634
down €111,634 (-86.6%), from €128,857 to €17,224
- Reserves -€51,911
down €51,911 (-15.6%), from €332,822 to €280,911
of which Distributable reserves: -€51,911
- Debts after one year -€48,342
down €48,342 (-14.2%), from €339,587 to €291,245
- Accrued charges and deferred income -€17,187
down €17,187 (-100%), from €17,187 to €0
- Tax, wage and social debts -€12,310
down €12,310 (-88.6%), from €13,901 to €1,591
- Gross operating margin -€147,823
down €147,823 (-97.8%), from €151,155 to €3,332
- Taxes -€20,228
down €20,228 (-99.0%), from €20,442 to €214
- Financial charges -€14,509
down €14,509 (-57.9%), from €25,061 to €10,552
- Depreciation +€7,481
up €7,481 (+21.0%), from €35,578 to €43,059
- Financial income -€5,053
down €5,053 (-58.2%), from €8,685 to €3,632
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 | €906,852 | €667,454 | -€239,398 | -26.4% |
| Fixed assets | 21/28 | €626,198 | €609,976 | -€16,222 | -2.6% |
| Tangible fixed assets | 22/27 | €614,612 | €609,976 | -€4,636 | -0.8% |
| Land and buildings | 22 | €584,148 | €578,648 | -€5,500 | -0.9% |
| Plant, machinery and equipment | 23 | €29,692 | €29,316 | -€376 | -1.3% |
| Furniture and vehicles | 24 | €772 | €2,012 | +€1,239 | +160% |
| Financial fixed assets | 28 | €11,585 | €0 | -€11,585 | -100% |
| Current assets | 29/58 | €280,654 | €57,478 | -€223,176 | -79.5% |
| Amounts receivable within one year | 40/41 | €46,175 | €27,568 | -€18,607 | -40.3% |
| Trade receivables | 40 | €16,502 | €12,126 | -€4,376 | -26.5% |
| Other amounts receivable | 41 | €29,673 | €15,442 | -€14,231 | -48.0% |
| Current investments | 50/53 | €148,251 | €0 | -€148,251 | -100% |
| Cash at bank and in hand | 54/58 | €82,684 | €24,739 | -€57,945 | -70.1% |
| Deferred charges and accrued income | 490/1 | €3,545 | €5,171 | +€1,626 | +45.9% |
| Total equity and liabilities | 10/49 | €906,852 | €667,454 | -€239,398 | -26.4% |
| Equity | 10/15 | €351,372 | €299,461 | -€51,911 | -14.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €332,822 | €280,911 | -€51,911 | -15.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €330,967 | €279,056 | -€51,911 | -15.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €555,480 | €367,993 | -€187,487 | -33.8% |
| Amounts payable after more than one year | 17 | €339,587 | €291,245 | -€48,342 | -14.2% |
| Financial debts | 170/4 | €339,587 | €291,245 | -€48,342 | -14.2% |
| Amounts payable within one year | 42/48 | €198,706 | €76,748 | -€121,958 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €47,624 | €48,342 | +€718 | +1.5% |
| Financial debts | 43 | €5,961 | €7,700 | +€1,739 | +29.2% |
| Credit institutions | 430/8 | €5,961 | €7,700 | +€1,739 | +29.2% |
| Trade debts | 44 | €2,363 | €1,892 | -€471 | -19.9% |
| Suppliers | 440/4 | €2,363 | €1,892 | -€471 | -19.9% |
| Taxes, remuneration and social security | 45 | €13,901 | €1,591 | -€12,310 | -88.6% |
| Taxes | 450/3 | €13,901 | €1,591 | -€12,310 | -88.6% |
| Other amounts payable | 47/48 | €128,857 | €17,224 | -€111,634 | -86.6% |
| Accrued charges and deferred income | 492/3 | €17,187 | €0 | -€17,187 | -100% |
| Non-recurring operating income | 76A | - | €11,772 | +€11,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,578 | €43,059 | +€7,481 | +21.0% |
| Other operating charges | 640/8 | €4,368 | €5,050 | +€683 | +15.6% |
| Gross operating margin | 9900 | €151,155 | €3,332 | -€147,823 | -97.8% |
| Operating profit (loss) | 9901 | €111,210 | -€44,777 | -€155,987 | |
| Financial income | 75/76B | €8,685 | €3,632 | -€5,053 | -58.2% |
| Recurring financial income | 75 | €8,685 | €3,632 | -€5,053 | -58.2% |
| Financial charges | 65/66B | €25,061 | €10,552 | -€14,509 | -57.9% |
| Recurring financial charges | 65 | €25,061 | €10,552 | -€14,509 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €94,833 | -€51,698 | -€146,531 | |
| Income taxes | 67/77 | €20,442 | €214 | -€20,228 | -99.0% |
| Profit (loss) for the period | 9904 | €74,391 | -€51,911 | -€126,303 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,391 | -€51,911 | -€126,303 |
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 13 October 2026 via checked.be.