JUUL BOES: 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.
JUUL BOES
Largest movements
- Current investments -€184,497
down €184,497 (-11.9%), from €1.6m to €1.4m
- Cash +€181,611
up €181,611 (+95.8%), from €189,553 to €371,164
mainly Net result for the year (+€333,672) and Current investments (+€184,497)
- Tangible fixed assets -€62,482
down €62,482 (-22.1%), from €283,178 to €220,696
- Other debts -€193,261
down €193,261 (-40.0%), from €483,050 to €289,789
- Reserves +€108,093
up €108,093 (+6.6%), from €1.6m to €1.8m
- Tax, wage and social debts +€22,598
up €22,598 (+56.7%), from €39,885 to €62,483
- Financial income -€123,951
down €123,951 (-77.1%), from €160,835 to €36,884
- Taxes -€35,534
down €35,534 (-18.8%), from €189,161 to €153,627
- Gross operating margin -€5,441
down €5,441 (-1.0%), from €530,346 to €524,905
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 | €2,195,252 | €2,131,472 | -€63,780 | -2.9% |
| Fixed assets | 21/28 | €283,178 | €220,696 | -€62,482 | -22.1% |
| Tangible fixed assets | 22/27 | €283,178 | €220,696 | -€62,482 | -22.1% |
| Land and buildings | 22 | €58,243 | €34,910 | -€23,333 | -40.1% |
| Plant, machinery and equipment | 23 | €196,254 | €165,400 | -€30,853 | -15.7% |
| Furniture and vehicles | 24 | €28,681 | €20,386 | -€8,295 | -28.9% |
| Current assets | 29/58 | €1,912,074 | €1,910,776 | -€1,298 | -0.1% |
| Current investments | 50/53 | €1,556,360 | €1,371,862 | -€184,497 | -11.9% |
| Cash at bank and in hand | 54/58 | €189,553 | €371,164 | +€181,611 | +95.8% |
| Deferred charges and accrued income | 490/1 | €166,161 | €167,750 | +€1,588 | +1.0% |
| Total equity and liabilities | 10/49 | €2,195,252 | €2,131,472 | -€63,780 | -2.9% |
| Equity | 10/15 | €1,660,633 | €1,768,726 | +€108,093 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,648,233 | €1,756,326 | +€108,093 | +6.6% |
| Distributable reserves | 133 | €1,648,233 | €1,756,326 | +€108,093 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €534,618 | €362,746 | -€171,873 | -32.1% |
| Amounts payable within one year | 42/48 | €529,225 | €358,049 | -€171,176 | -32.3% |
| Trade debts | 44 | €6,290 | €5,777 | -€513 | -8.2% |
| Suppliers | 440/4 | €6,290 | €5,777 | -€513 | -8.2% |
| Taxes, remuneration and social security | 45 | €39,885 | €62,483 | +€22,598 | +56.7% |
| Taxes | 450/3 | €39,885 | €62,483 | +€22,598 | +56.7% |
| Other amounts payable | 47/48 | €483,050 | €289,789 | -€193,261 | -40.0% |
| Accrued charges and deferred income | 492/3 | €5,393 | €4,697 | -€697 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,734 | €69,264 | +€3,530 | +5.4% |
| Other operating charges | 640/8 | €392 | €377 | -€15 | -3.9% |
| Non-recurring operating charges | 66A | €1,679 | €0 | -€1,679 | -100% |
| Gross operating margin | 9900 | €530,346 | €524,905 | -€5,441 | -1.0% |
| Operating profit (loss) | 9901 | €462,540 | €455,264 | -€7,276 | -1.6% |
| Financial income | 75/76B | €160,835 | €36,884 | -€123,951 | -77.1% |
| Recurring financial income | 75 | €160,835 | €36,884 | -€123,951 | -77.1% |
| Financial charges | 65/66B | €5,535 | €4,848 | -€687 | -12.4% |
| Recurring financial charges | 65 | €5,535 | €4,848 | -€687 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €617,840 | €487,300 | -€130,540 | -21.1% |
| Income taxes | 67/77 | €189,161 | €153,627 | -€35,534 | -18.8% |
| Profit (loss) for the period | 9904 | €428,678 | €333,672 | -€95,006 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €428,678 | €333,672 | -€95,006 | -22.2% |
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 20 October 2026 via checked.be.