Julot: 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.
Julot
Largest movements
- Receivables within one year -€100,107
down €100,107 (-37.9%), from €264,329 to €164,222
of which Trade receivables: -€69,606
- Tangible fixed assets -€66,122
down €66,122 (-18.1%), from €365,755 to €299,633
- Other debts +€250,051
up €250,051 (+50.0%), from €499,831 to €749,882
- Tax, wage and social debts -€139,841
down €139,841 (-97.2%), from €143,843 to €4,003
of which Taxes: -€134,902
- Debts after one year -€119,223
down €119,223 (-27.7%), from €430,510 to €311,288
- Trade debts -€64,484
down €64,484 (-79.9%), from €80,749 to €16,265
- Reserves -€51,063
down €51,063 (-12.6%), from €405,324 to €354,261
- Gross operating margin -€203,101
down €203,101, from €199,689 to -€3,412
- Taxes -€69,492
down €69,492 (-98.0%), from €70,931 to €1,439
- Other operating charges -€20,426
down €20,426 (-80.3%), from €25,429 to €5,003
- Financial charges -€18,984
down €18,984 (-50.2%), from €37,836 to €18,852
- Depreciation -€4,202
down €4,202 (-8.3%), from €50,817 to €46,614
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 | €1,724,329 | €1,561,120 | -€163,208 | -9.5% |
| Fixed assets | 21/28 | €1,422,485 | €1,356,363 | -€66,122 | -4.6% |
| Tangible fixed assets | 22/27 | €365,755 | €299,633 | -€66,122 | -18.1% |
| Land and buildings | 22 | €227,203 | €209,967 | -€17,236 | -7.6% |
| Furniture and vehicles | 24 | €32,185 | €7,630 | -€24,555 | -76.3% |
| Leasing and similar rights | 25 | €106,367 | €82,036 | -€24,331 | -22.9% |
| Financial fixed assets | 28 | €1,056,730 | €1,056,730 | = | 0.0% |
| Current assets | 29/58 | €301,844 | €204,758 | -€97,086 | -32.2% |
| Amounts receivable within one year | 40/41 | €264,329 | €164,222 | -€100,107 | -37.9% |
| Trade receivables | 40 | €92,006 | €22,400 | -€69,606 | -75.7% |
| Other amounts receivable | 41 | €172,322 | €141,822 | -€30,501 | -17.7% |
| Cash at bank and in hand | 54/58 | €29,484 | €34,123 | +€4,638 | +15.7% |
| Deferred charges and accrued income | 490/1 | €8,031 | €6,413 | -€1,618 | -20.1% |
| Total equity and liabilities | 10/49 | €1,724,329 | €1,561,120 | -€163,208 | -9.5% |
| Equity | 10/15 | €431,254 | €360,461 | -€70,793 | -16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €405,324 | €354,261 | -€51,063 | -12.6% |
| Distributable reserves | 133 | €405,324 | €354,261 | -€51,063 | -12.6% |
| Profit (loss) carried forward | 14 | €19,730 | €0 | -€19,730 | -100% |
| Amounts payable | 17/49 | €1,293,075 | €1,200,660 | -€92,415 | -7.1% |
| Amounts payable after more than one year | 17 | €430,510 | €311,288 | -€119,223 | -27.7% |
| Financial debts | 170/4 | €430,510 | €311,288 | -€119,223 | -27.7% |
| Amounts payable within one year | 42/48 | €862,564 | €889,372 | +€26,808 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €121,236 | €119,223 | -€2,013 | -1.7% |
| Financial debts | 43 | €16,906 | €0 | -€16,906 | -100% |
| Credit institutions | 430/8 | €16,906 | €0 | -€16,906 | -100% |
| Trade debts | 44 | €80,749 | €16,265 | -€64,484 | -79.9% |
| Suppliers | 440/4 | €80,749 | €16,265 | -€64,484 | -79.9% |
| Taxes, remuneration and social security | 45 | €143,843 | €4,003 | -€139,841 | -97.2% |
| Taxes | 450/3 | €138,905 | €4,003 | -€134,902 | -97.1% |
| Remuneration and social security | 454/9 | €4,938 | €0 | -€4,938 | -100% |
| Other amounts payable | 47/48 | €499,831 | €749,882 | +€250,051 | +50.0% |
| Non-recurring operating income | 76A | €23,271 | €8,153 | -€15,118 | -65.0% |
| Remuneration, social security and pensions | 62 | €496 | €0 | -€496 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,817 | €46,614 | -€4,202 | -8.3% |
| Other operating charges | 640/8 | €25,429 | €5,003 | -€20,426 | -80.3% |
| Gross operating margin | 9900 | €199,689 | -€3,412 | -€203,101 | |
| Operating profit (loss) | 9901 | €122,948 | -€55,029 | -€177,976 | |
| Financial income | 75/76B | €5,549 | €4,526 | -€1,024 | -18.4% |
| Recurring financial income | 75 | €5,549 | €4,526 | -€1,024 | -18.4% |
| Financial charges | 65/66B | €37,836 | €18,852 | -€18,984 | -50.2% |
| Recurring financial charges | 65 | €37,836 | €18,852 | -€18,984 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €90,661 | -€69,355 | -€160,016 | |
| Income taxes | 67/77 | €70,931 | €1,439 | -€69,492 | -98.0% |
| Profit (loss) for the period | 9904 | €19,730 | -€70,793 | -€90,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,730 | -€70,793 | -€90,523 |
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 17 October 2026 via checked.be.