Julpa: 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.
Julpa
Largest movements
- Cash +€19,216
up €19,216 (+210%), from €9,170 to €28,386
mainly Net result for the year (+€15,736) and Depreciation (+€9,643)
- Tangible fixed assets -€1,861
down €1,861 (-5.1%), from €36,682 to €34,821
of which Furniture and vehicles: -€5,089
- Receivables within one year -€1,270
down €1,270 (-36.4%), from €3,489 to €2,219
of which Trade receivables: -€2,287
- Reserves +€15,736
up €15,736 (+62.7%), from €25,084 to €40,820
- Accrued charges and deferred income +€1,240
new in 2025: €1,240
- Gross operating margin -€11,322
down €11,322 (-27.1%), from €41,808 to €30,486
- Taxes -€2,303
down €2,303 (-36.6%), from €6,285 to €3,983
- Depreciation +€463
up €463 (+5.0%), from €9,180 to €9,643
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 | €49,838 | €66,448 | +€16,610 | +33.3% |
| Fixed assets | 21/28 | €36,682 | €34,821 | -€1,861 | -5.1% |
| Tangible fixed assets | 22/27 | €36,682 | €34,821 | -€1,861 | -5.1% |
| Furniture and vehicles | 24 | €27,383 | €22,295 | -€5,089 | -18.6% |
| Other tangible fixed assets | 26 | €9,298 | €12,526 | +€3,228 | +34.7% |
| Current assets | 29/58 | €13,156 | €31,627 | +€18,471 | +140% |
| Amounts receivable within one year | 40/41 | €3,489 | €2,219 | -€1,270 | -36.4% |
| Trade receivables | 40 | €3,489 | €1,202 | -€2,287 | -65.6% |
| Other amounts receivable | 41 | - | €1,017 | +€1,017 | |
| Cash at bank and in hand | 54/58 | €9,170 | €28,386 | +€19,216 | +210% |
| Deferred charges and accrued income | 490/1 | €497 | €1,022 | +€525 | +106% |
| Total equity and liabilities | 10/49 | €49,838 | €66,448 | +€16,610 | +33.3% |
| Equity | 10/15 | €27,584 | €43,320 | +€15,736 | +57.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,084 | €40,820 | +€15,736 | +62.7% |
| Distributable reserves | 133 | €25,084 | €40,820 | +€15,736 | +62.7% |
| Amounts payable | 17/49 | €22,254 | €23,127 | +€874 | +3.9% |
| Amounts payable within one year | 42/48 | €22,254 | €21,888 | -€366 | -1.6% |
| Trade debts | 44 | €243 | €189 | -€55 | -22.4% |
| Suppliers | 440/4 | €243 | €189 | -€55 | -22.4% |
| Taxes, remuneration and social security | 45 | €996 | €719 | -€277 | -27.8% |
| Taxes | 450/3 | €996 | €719 | -€277 | -27.8% |
| Other amounts payable | 47/48 | €21,014 | €20,980 | -€34 | -0.2% |
| Accrued charges and deferred income | 492/3 | - | €1,240 | +€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,180 | €9,643 | +€463 | +5.0% |
| Other operating charges | 640/8 | €1,260 | €965 | -€295 | -23.4% |
| Gross operating margin | 9900 | €41,808 | €30,486 | -€11,322 | -27.1% |
| Operating profit (loss) | 9901 | €31,368 | €19,879 | -€11,490 | -36.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €0 | €160 | +€160 | +106,520% |
| Recurring financial charges | 65 | €0 | €160 | +€160 | +106,520% |
| Profit (loss) for the period before taxes | 9903 | €31,369 | €19,719 | -€11,650 | -37.1% |
| Income taxes | 67/77 | €6,285 | €3,983 | -€2,303 | -36.6% |
| Profit (loss) for the period | 9904 | €25,084 | €15,736 | -€9,348 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,084 | €15,736 | -€9,348 | -37.3% |
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 16 October 2026 via checked.be.