JULVERCHAPE: 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.
JULVERCHAPE
Largest movements
- Tangible fixed assets -€11,723
down €11,723 (-9.6%), from €121,774 to €110,051
of which Land and buildings: -€5,928
- Cash +€7,371
up €7,371 (+180%), from €4,092 to €11,463
mainly Other debts (+€26,770) and Depreciation (+€11,722)
- Other debts +€26,770
up €26,770 (+59.1%), from €45,297 to €72,067
- Profit (loss) carried forward -€23,727
down €23,727 (-406%), from -€5,847 to -€29,574
- Debts after one year -€11,543
down €11,543 (-22.3%), from €51,878 to €40,335
- Trade debts +€3,871
up €3,871 (+725%), from €534 to €4,405
- Current portion of long-term debt +€1,434
up €1,434 (+14.2%), from €10,109 to €11,543
- Gross operating margin -€12,577
down €12,577, from €6,578 to -€5,999
- Financial charges -€534
down €534 (-13.9%), from €3,837 to €3,303
- Depreciation -€199
down €199 (-1.7%), from €11,921 to €11,722
- Other operating charges +€116
up €116 (+3.1%), from €3,750 to €3,866
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 | €130,341 | €125,983 | -€4,358 | -3.3% |
| Fixed assets | 21/28 | €124,224 | €112,501 | -€11,723 | -9.4% |
| Tangible fixed assets | 22/27 | €121,774 | €110,051 | -€11,723 | -9.6% |
| Land and buildings | 22 | €105,186 | €99,258 | -€5,928 | -5.6% |
| Furniture and vehicles | 24 | €16,294 | €10,794 | -€5,500 | -33.8% |
| Other tangible fixed assets | 26 | €294 | - | -€294 | |
| Financial fixed assets | 28 | €2,450 | €2,450 | = | 0.0% |
| Current assets | 29/58 | €6,117 | €13,482 | +€7,365 | +120% |
| Amounts receivable within one year | 40/41 | €2,025 | €2,019 | -€6 | -0.3% |
| Trade receivables | 40 | €913 | €762 | -€151 | -16.6% |
| Other amounts receivable | 41 | €1,112 | €1,257 | +€145 | +13.1% |
| Cash at bank and in hand | 54/58 | €4,092 | €11,463 | +€7,371 | +180% |
| Total equity and liabilities | 10/49 | €130,341 | €125,983 | -€4,358 | -3.3% |
| Equity | 10/15 | €19,912 | -€4,688 | -€24,600 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,359 | €12,487 | -€872 | -6.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,499 | €10,627 | -€872 | -7.6% |
| Profit (loss) carried forward | 14 | -€5,847 | -€29,574 | -€23,727 | -406% |
| Provisions and deferred taxes | 16 | €2,611 | €2,321 | -€290 | -11.1% |
| Deferred taxes | 168 | €2,611 | €2,321 | -€290 | -11.1% |
| Amounts payable | 17/49 | €107,818 | €128,350 | +€20,532 | +19.0% |
| Amounts payable after more than one year | 17 | €51,878 | €40,335 | -€11,543 | -22.3% |
| Financial debts | 170/4 | €51,878 | €40,335 | -€11,543 | -22.3% |
| Amounts payable within one year | 42/48 | €55,940 | €88,015 | +€32,075 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €10,109 | €11,543 | +€1,434 | +14.2% |
| Trade debts | 44 | €534 | €4,405 | +€3,871 | +725% |
| Suppliers | 440/4 | €534 | €4,405 | +€3,871 | +725% |
| Other amounts payable | 47/48 | €45,297 | €72,067 | +€26,770 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,921 | €11,722 | -€199 | -1.7% |
| Other operating charges | 640/8 | €3,750 | €3,866 | +€116 | +3.1% |
| Gross operating margin | 9900 | €6,578 | -€5,999 | -€12,577 | |
| Operating profit (loss) | 9901 | -€9,093 | -€21,587 | -€12,494 | -137% |
| Financial income | 75/76B | €29 | €0 | -€29 | -98.7% |
| Recurring financial income | 75 | €29 | €0 | -€29 | -98.7% |
| Financial charges | 65/66B | €3,837 | €3,303 | -€534 | -13.9% |
| Recurring financial charges | 65 | €3,837 | €3,303 | -€534 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,901 | -€24,889 | -€11,988 | -92.9% |
| Transfer from deferred taxes | 780 | €290 | €290 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€12,611 | -€24,599 | -€11,988 | -95.1% |
| Transfer from tax-exempt reserves | 789 | €871 | €871 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,740 | -€23,728 | -€11,988 | -102% |
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.