JULTRA: 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.
JULTRA
Largest movements
- Tangible fixed assets +€82,846
up €82,846 (+7.5%), from €1.1m to €1.2m
of which Furniture and vehicles: +€137,092
- Receivables within one year +€31,659
up €31,659 (+8.4%), from €377,503 to €409,161
of which Trade receivables: +€55,264
- Deferred charges and accrued income -€28,524
down €28,524 (-37.4%), from €76,241 to €47,717
- Reserves +€139,071
up €139,071 (+61.0%), from €227,949 to €367,020
- Debts after one year -€39,520
down €39,520 (-5.4%), from €728,990 to €689,470
- Trade debts -€32,211
down €32,211 (-10.5%), from €307,685 to €275,474
- Current portion of long-term debt +€27,459
up €27,459 (+9.9%), from €276,025 to €303,484
- Gross operating margin +€219,060
up €219,060 (+28.1%), from €779,049 to €998,109
- Staff costs +€57,030
up €57,030 (+14.5%), from €392,025 to €449,056
- Other operating charges -€41,741
down €41,741 (-66.1%), from €63,113 to €21,372
- Taxes +€37,270
up €37,270 (+637%), from €5,850 to €43,120
- Depreciation +€29,453
up €29,453 (+11.4%), from €257,390 to €286,843
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 | €1,648,402 | €1,738,399 | +€89,997 | +5.5% |
| Fixed assets | 21/28 | €1,104,290 | €1,197,242 | +€92,952 | +8.4% |
| Intangible fixed assets | 21 | - | €10,106 | +€10,106 | |
| Tangible fixed assets | 22/27 | €1,104,290 | €1,187,137 | +€82,846 | +7.5% |
| Land and buildings | 22 | €211,125 | €222,462 | +€11,337 | +5.4% |
| Plant, machinery and equipment | 23 | €34,678 | €86,776 | +€52,099 | +150% |
| Furniture and vehicles | 24 | €104,008 | €241,101 | +€137,092 | +132% |
| Leasing and similar rights | 25 | €754,479 | €636,797 | -€117,682 | -15.6% |
| Current assets | 29/58 | €544,112 | €541,157 | -€2,955 | -0.5% |
| Amounts receivable within one year | 40/41 | €377,503 | €409,161 | +€31,659 | +8.4% |
| Trade receivables | 40 | €325,976 | €381,240 | +€55,264 | +17.0% |
| Other amounts receivable | 41 | €51,526 | €27,921 | -€23,605 | -45.8% |
| Cash at bank and in hand | 54/58 | €90,369 | €84,279 | -€6,090 | -6.7% |
| Deferred charges and accrued income | 490/1 | €76,241 | €47,717 | -€28,524 | -37.4% |
| Total equity and liabilities | 10/49 | €1,648,402 | €1,738,399 | +€89,997 | +5.5% |
| Equity | 10/15 | €232,949 | €372,020 | +€139,071 | +59.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €227,949 | €367,020 | +€139,071 | +61.0% |
| Distributable reserves | 133 | €227,949 | €367,020 | +€139,071 | +61.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,415,453 | €1,366,380 | -€49,074 | -3.5% |
| Amounts payable after more than one year | 17 | €728,990 | €689,470 | -€39,520 | -5.4% |
| Financial debts | 170/4 | €728,990 | €689,470 | -€39,520 | -5.4% |
| Amounts payable within one year | 42/48 | €686,464 | €676,910 | -€9,554 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €276,025 | €303,484 | +€27,459 | +9.9% |
| Trade debts | 44 | €307,685 | €275,474 | -€32,211 | -10.5% |
| Suppliers | 440/4 | €307,685 | €275,474 | -€32,211 | -10.5% |
| Taxes, remuneration and social security | 45 | €81,503 | €87,999 | +€6,496 | +8.0% |
| Taxes | 450/3 | €35,865 | €42,124 | +€6,259 | +17.5% |
| Remuneration and social security | 454/9 | €45,638 | €45,874 | +€236 | +0.5% |
| Other amounts payable | 47/48 | €21,250 | €9,953 | -€11,297 | -53.2% |
| Non-recurring operating income | 76A | - | €4,092 | +€4,092 | |
| Remuneration, social security and pensions | 62 | €392,025 | €449,056 | +€57,030 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,390 | €286,843 | +€29,453 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,181 | €0 | +€26,181 | |
| Other operating charges | 640/8 | €63,113 | €21,372 | -€41,741 | -66.1% |
| Non-recurring operating charges | 66A | €26,036 | €0 | -€26,036 | -100% |
| Gross operating margin | 9900 | €779,049 | €998,109 | +€219,060 | +28.1% |
| Operating profit (loss) | 9901 | €66,667 | €240,839 | +€174,172 | +261% |
| Financial income | 75/76B | €2,356 | €837 | -€1,518 | -64.5% |
| Recurring financial income | 75 | €2,356 | €837 | -€1,518 | -64.5% |
| Financial charges | 65/66B | €50,550 | €49,009 | -€1,541 | -3.0% |
| Recurring financial charges | 65 | €50,550 | €49,009 | -€1,541 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €18,472 | €192,667 | +€174,195 | +943% |
| Income taxes | 67/77 | €5,850 | €43,120 | +€37,270 | +637% |
| Profit (loss) for the period | 9904 | €12,622 | €149,547 | +€136,925 | +1,085% |
| Profit (loss) for the period to be appropriated | 9905 | €12,622 | €149,547 | +€136,925 | +1,085% |
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 24 October 2026 via checked.be.