JULOU MGMT: 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 MGMT
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+136%), from €110,065 to €260,065
- Cash -€21,279
down €21,279 (-97.4%), from €21,843 to €563
mainly Investment in fixed assets (net) (-€156,491) and Receivables within one year (-€13,973)
- Receivables within one year +€13,973
up €13,973 (+56.9%), from €24,562 to €38,535
of which Other amounts receivable: +€10,343
- Tangible fixed assets -€5,943
down €5,943 (-11.5%), from €51,768 to €45,825
of which Furniture and vehicles: -€9,684
- Debts after one year +€93,532
up €93,532 (+71.3%), from €131,187 to €224,719
- Current portion of long-term debt +€20,396
up €20,396 (+214%), from €9,512 to €29,908
- Reserves +€19,118
up €19,118 (+41.9%), from €45,614 to €64,731
- Gross operating margin +€21,533
up €21,533 (+81.6%), from €26,381 to €47,914
- Financial income -€19,399
down €19,399 (-96.9%), from €20,023 to €624
- Financial charges +€4,617
up €4,617 (+182%), from €2,540 to €7,157
- Taxes +€4,333
up €4,333 (+95.2%), from €4,551 to €8,883
- Depreciation +€2,465
up €2,465 (+24.7%), from €9,969 to €12,434
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 | €208,520 | €345,259 | +€136,739 | +65.6% |
| Fixed assets | 21/28 | €161,833 | €305,890 | +€144,057 | +89.0% |
| Tangible fixed assets | 22/27 | €51,768 | €45,825 | -€5,943 | -11.5% |
| Land and buildings | 22 | - | €3,740 | +€3,740 | |
| Furniture and vehicles | 24 | €51,768 | €42,085 | -€9,684 | -18.7% |
| Financial fixed assets | 28 | €110,065 | €260,065 | +€150,000 | +136% |
| Current assets | 29/58 | €46,687 | €39,369 | -€7,317 | -15.7% |
| Amounts receivable within one year | 40/41 | €24,562 | €38,535 | +€13,973 | +56.9% |
| Trade receivables | 40 | €24,200 | €27,830 | +€3,630 | +15.0% |
| Other amounts receivable | 41 | €362 | €10,705 | +€10,343 | +2,855% |
| Cash at bank and in hand | 54/58 | €21,843 | €563 | -€21,279 | -97.4% |
| Deferred charges and accrued income | 490/1 | €282 | €270 | -€12 | -4.1% |
| Total equity and liabilities | 10/49 | €208,520 | €345,259 | +€136,739 | +65.6% |
| Equity | 10/15 | €48,114 | €67,231 | +€19,118 | +39.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,614 | €64,731 | +€19,118 | +41.9% |
| Distributable reserves | 133 | €45,614 | €64,731 | +€19,118 | +41.9% |
| Amounts payable | 17/49 | €160,406 | €278,028 | +€117,622 | +73.3% |
| Amounts payable after more than one year | 17 | €131,187 | €224,719 | +€93,532 | +71.3% |
| Financial debts | 170/4 | €131,187 | €224,719 | +€93,532 | +71.3% |
| Amounts payable within one year | 42/48 | €28,707 | €52,389 | +€23,683 | +82.5% |
| Current portion of amounts payable after more than one year | 42 | €9,512 | €29,908 | +€20,396 | +214% |
| Trade debts | 44 | €320 | €1,262 | +€943 | +295% |
| Suppliers | 440/4 | €320 | €1,262 | +€943 | +295% |
| Taxes, remuneration and social security | 45 | €18,875 | €21,219 | +€2,343 | +12.4% |
| Taxes | 450/3 | €18,875 | €21,219 | +€2,343 | +12.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €513 | €920 | +€408 | +79.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,969 | €12,434 | +€2,465 | +24.7% |
| Other operating charges | 640/8 | €544 | €947 | +€403 | +74.2% |
| Gross operating margin | 9900 | €26,381 | €47,914 | +€21,533 | +81.6% |
| Operating profit (loss) | 9901 | €15,869 | €34,534 | +€18,665 | +118% |
| Financial income | 75/76B | €20,023 | €624 | -€19,399 | -96.9% |
| Recurring financial income | 75 | €20,023 | €624 | -€19,399 | -96.9% |
| Financial charges | 65/66B | €2,540 | €7,157 | +€4,617 | +182% |
| Recurring financial charges | 65 | €2,540 | €7,157 | +€4,617 | +182% |
| Profit (loss) for the period before taxes | 9903 | €33,352 | €28,001 | -€5,351 | -16.0% |
| Income taxes | 67/77 | €4,551 | €8,883 | +€4,333 | +95.2% |
| Profit (loss) for the period | 9904 | €28,801 | €19,118 | -€9,683 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,801 | €19,118 | -€9,683 | -33.6% |
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 19 October 2026 via checked.be.