Juuls: what changed
Two fiscal 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.
Juuls
Largest movements
- Tangible fixed assets -€21,508
down €21,508 (-7.3%), from €296,183 to €274,675
of which Other tangible fixed assets: -€21,245
- Cash +€21,020
up €21,020 (+13.6%), from €154,225 to €175,245
mainly Net result for the year (+€72,090) and Depreciation (+€47,348)
- Stocks and contracts +€17,704
up €17,704 (+110.9%), from €15,966 to €33,671
- Reserves +€72,090
up €72,090 (+36.0%), from €200,112 to €272,201
- Debts after one year -€30,708
down €30,708 (-19.3%), from €158,894 to €128,186
- Trade debts -€29,419
down €29,419 (-37.9%), from €77,583 to €48,165
- Tax, wage and social debts +€8,064
up €8,064 (+11.4%), from €70,461 to €78,525
of which Taxes: +€14,064
- Other debts -€7,705
no longer reported in 2025 (was €7,705)
- Staff costs +€20,222
up €20,222 (+8.9%), from €228,307 to €248,529
- Depreciation +€4,530
up €4,530 (+10.6%), from €42,818 to €47,348
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.
Cash bridge derived
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 | €549,760 | €562,829 | +€13,069 | +2.4% |
| Fixed assets | 21/28 | €296,183 | €274,675 | -€21,508 | -7.3% |
| Tangible fixed assets | 22/27 | €296,183 | €274,675 | -€21,508 | -7.3% |
| Plant, machinery and equipment | 23 | €68,969 | €50,181 | -€18,788 | -27.2% |
| Furniture and vehicles | 24 | €20,986 | €39,512 | +€18,526 | +88.3% |
| Other tangible fixed assets | 26 | €206,228 | €184,982 | -€21,245 | -10.3% |
| Current assets | 29/58 | €253,577 | €288,154 | +€34,577 | +13.6% |
| Stocks and contracts in progress | 3 | €15,966 | €33,671 | +€17,704 | +110.9% |
| Stocks | 30/36 | €15,966 | €33,671 | +€17,704 | +110.9% |
| Amounts receivable within one year | 40/41 | €81,700 | €76,212 | -€5,488 | -6.7% |
| Trade receivables | 40 | €15,351 | €11,839 | -€3,512 | -22.9% |
| Other amounts receivable | 41 | €66,348 | €64,373 | -€1,975 | -3.0% |
| Cash at bank and in hand | 54/58 | €154,225 | €175,245 | +€21,020 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,686 | €3,026 | +€1,340 | +79.5% |
| Total equity and liabilities | 10/49 | €549,760 | €562,829 | +€13,069 | +2.4% |
| Equity | 10/15 | €205,112 | €277,201 | +€72,090 | +35.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €200,112 | €272,201 | +€72,090 | +36.0% |
| Distributable reserves | 133 | €200,112 | €272,201 | +€72,090 | +36.0% |
| Amounts payable | 17/49 | €344,648 | €285,627 | -€59,021 | -17.1% |
| Amounts payable after more than one year | 17 | €158,894 | €128,186 | -€30,708 | -19.3% |
| Financial debts | 170/4 | €158,894 | €128,186 | -€30,708 | -19.3% |
| Amounts payable within one year | 42/48 | €185,754 | €157,397 | -€28,357 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €30,005 | €30,708 | +€702 | +2.3% |
| Trade debts | 44 | €77,583 | €48,165 | -€29,419 | -37.9% |
| Suppliers | 440/4 | €77,583 | €48,165 | -€29,419 | -37.9% |
| Taxes, remuneration and social security | 45 | €70,461 | €78,525 | +€8,064 | +11.4% |
| Taxes | 450/3 | €42,015 | €56,079 | +€14,064 | +33.5% |
| Remuneration and social security | 454/9 | €28,446 | €22,446 | -€6,000 | -21.1% |
| Other amounts payable | 47/48 | €7,705 | - | -€7,705 | |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Non-recurring operating income | 76A | €1,560 | - | -€1,560 | |
| Remuneration, social security and pensions | 62 | €228,307 | €248,529 | +€20,222 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,818 | €47,348 | +€4,530 | +10.6% |
| Other operating charges | 640/8 | €1,563 | €1,909 | +€346 | +22.2% |
| Non-recurring operating charges | 66A | - | €861 | +€861 | |
| Gross operating margin | 9900 | €405,234 | €405,965 | +€731 | +0.2% |
| Operating profit (loss) | 9901 | €132,546 | €107,318 | -€25,228 | -19.0% |
| Financial income | 75/76B | €15 | €827 | +€812 | +5501.9% |
| Recurring financial income | 75 | €15 | €827 | +€812 | +5501.9% |
| Financial charges | 65/66B | €12,658 | €9,915 | -€2,743 | -21.7% |
| Recurring financial charges | 65 | €12,658 | €9,915 | -€2,743 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €119,903 | €98,230 | -€21,673 | -18.1% |
| Income taxes | 67/77 | €25,842 | €26,140 | +€298 | +1.2% |
| Profit (loss) for the period | 9904 | €94,061 | €72,090 | -€21,971 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,061 | €72,090 | -€21,971 | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.