JULOU: 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.
JULOU
Largest movements
- Receivables within one year +€270,563
up €270,563 (+75.9%), from €356,546 to €627,109
of which Other amounts receivable: +€309,204
- Stocks and contracts -€112,151
down €112,151 (-26.5%), from €422,973 to €310,822
- Cash -€78,388
down €78,388 (-25.9%), from €303,194 to €224,806
mainly Receivables within one year (-€270,563) and Trade debts (-€92,826)
- Tangible fixed assets -€33,205
down €33,205 (-6.8%), from €488,846 to €455,641
of which Land and buildings: -€34,235
- Reserves +€125,000
up €125,000 (+29.3%), from €426,860 to €551,860
- Trade debts -€92,826
down €92,826 (-51.4%), from €180,573 to €87,747
- Other debts +€29,750
up €29,750 (+14.1%), from €211,052 to €240,802
- Tax, wage and social debts +€22,776
up €22,776 (+12.4%), from €183,488 to €206,263
of which Taxes: +€33,432
- Debts after one year -€21,204
down €21,204 (-7.7%), from €274,516 to €253,312
- Gross operating margin -€36,324
down €36,324 (-7.5%), from €482,830 to €446,506
- Staff costs -€26,375
down €26,375 (-12.4%), from €212,384 to €186,009
- Other operating charges +€9,638
up €9,638 (+92.6%), from €10,410 to €20,048
- Financial charges +€8,962
up €8,962 (+19.4%), from €46,101 to €55,063
- Taxes -€6,052
down €6,052 (-12.7%), from €47,799 to €41,747
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 | €1,676,012 | €1,726,674 | +€50,662 | +3.0% |
| Fixed assets | 21/28 | €489,346 | €455,641 | -€33,705 | -6.9% |
| Tangible fixed assets | 22/27 | €488,846 | €455,641 | -€33,205 | -6.8% |
| Land and buildings | 22 | €440,006 | €405,771 | -€34,235 | -7.8% |
| Furniture and vehicles | 24 | €20,479 | €5,955 | -€14,524 | -70.9% |
| Other tangible fixed assets | 26 | €26,361 | €43,915 | +€17,554 | +66.6% |
| Assets under construction and advance payments | 27 | €2,000 | €0 | -€2,000 | -100% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €1,186,666 | €1,271,033 | +€84,367 | +7.1% |
| Stocks and contracts in progress | 3 | €422,973 | €310,822 | -€112,151 | -26.5% |
| Stocks | 30/36 | €422,973 | €310,822 | -€112,151 | -26.5% |
| Amounts receivable within one year | 40/41 | €356,546 | €627,109 | +€270,563 | +75.9% |
| Trade receivables | 40 | €52,894 | €14,253 | -€38,641 | -73.1% |
| Other amounts receivable | 41 | €303,652 | €612,856 | +€309,204 | +102% |
| Current investments | 50/53 | €100,756 | €101,285 | +€529 | +0.5% |
| Cash at bank and in hand | 54/58 | €303,194 | €224,806 | -€78,388 | -25.9% |
| Deferred charges and accrued income | 490/1 | €3,198 | €7,012 | +€3,813 | +119% |
| Total equity and liabilities | 10/49 | €1,676,012 | €1,726,674 | +€50,662 | +3.0% |
| Equity | 10/15 | €469,947 | €592,056 | +€122,109 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €426,860 | €551,860 | +€125,000 | +29.3% |
| Distributable reserves | 133 | €426,860 | €551,860 | +€125,000 | +29.3% |
| Profit (loss) carried forward | 14 | €24,487 | €21,596 | -€2,891 | -11.8% |
| Amounts payable | 17/49 | €1,206,065 | €1,134,618 | -€71,447 | -5.9% |
| Amounts payable after more than one year | 17 | €274,516 | €253,312 | -€21,204 | -7.7% |
| Financial debts | 170/4 | €274,516 | €253,312 | -€21,204 | -7.7% |
| Amounts payable within one year | 42/48 | €925,893 | €876,913 | -€48,981 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €33,380 | €28,796 | -€4,584 | -13.7% |
| Financial debts | 43 | €317,401 | €313,304 | -€4,097 | -1.3% |
| Credit institutions | 430/8 | €317,401 | €313,304 | -€4,097 | -1.3% |
| Trade debts | 44 | €180,573 | €87,747 | -€92,826 | -51.4% |
| Suppliers | 440/4 | €180,573 | €87,747 | -€92,826 | -51.4% |
| Taxes, remuneration and social security | 45 | €183,488 | €206,263 | +€22,776 | +12.4% |
| Taxes | 450/3 | €132,651 | €166,083 | +€33,432 | +25.2% |
| Remuneration and social security | 454/9 | €50,837 | €40,181 | -€10,656 | -21.0% |
| Other amounts payable | 47/48 | €211,052 | €240,802 | +€29,750 | +14.1% |
| Accrued charges and deferred income | 492/3 | €5,656 | €4,394 | -€1,262 | -22.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €212,384 | €186,009 | -€26,375 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,534 | €44,623 | -€4,911 | -9.9% |
| Other operating charges | 640/8 | €10,410 | €20,048 | +€9,638 | +92.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €482,830 | €446,506 | -€36,324 | -7.5% |
| Operating profit (loss) | 9901 | €210,502 | €195,826 | -€14,676 | -7.0% |
| Financial income | 75/76B | €21,339 | €23,092 | +€1,754 | +8.2% |
| Recurring financial income | 75 | €21,339 | €23,092 | +€1,754 | +8.2% |
| Financial charges | 65/66B | €46,101 | €55,063 | +€8,962 | +19.4% |
| Recurring financial charges | 65 | €46,101 | €55,063 | +€8,962 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €185,740 | €163,856 | -€21,884 | -11.8% |
| Income taxes | 67/77 | €47,799 | €41,747 | -€6,052 | -12.7% |
| Profit (loss) for the period | 9904 | €137,941 | €122,109 | -€15,832 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €137,941 | €122,109 | -€15,832 | -11.5% |
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 15 October 2026 via checked.be.