JULMAX: what changed
What changed
JULMAX
filed annual accounts (NBB)
Net result for the year
€3,705
2024 · €5,404-€1,699
Equity
€102,314
2024 · €98,609+€3,705
Cash
€14,228
2024 · €14,504-€276
Balance sheet total
€481,898
2024 · €493,081-€11,183
Largest movements
Assets
- Tangible fixed assets -€10,907
down €10,907 (-2.3%), from €478,577 to €467,670
of which Land and buildings: -€9,356
Equity and liabilities
- Debts after one year -€14,907
down €14,907 (-5.3%), from €279,334 to €264,428
Income statement
- Other operating charges +€3,201
up €3,201 (+179%), from €1,785 to €4,986
- Gross operating margin +€1,114
up €1,114 (+3.2%), from €34,949 to €36,063
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,404
Gross operating margin
+€1,114
Depreciation
+€215
Other operating charges
-€3,201
Financial charges
+€173
Result 2025
€3,705
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,925
Investment
-€12,472
Financing
-€14,730
Cash 2024
€14,504
From operations (derived)
+€26,925
Net result for the year
+€3,705
Depreciation
+€23,379
Trade debts
-€158
Investment (derived)
-€12,472
Investment in fixed assets (net)
-€12,472
Financing
-€14,730
Debts after one year
-€14,907
Current portion of long-term debt
+€177
Cash 2025
€14,228
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,081 | €481,898 | -€11,183 | -2.3% |
| Fixed assets | 21/28 | €478,577 | €467,670 | -€10,907 | -2.3% |
| Tangible fixed assets | 22/27 | €478,577 | €467,670 | -€10,907 | -2.3% |
| Land and buildings | 22 | €474,440 | €465,084 | -€9,356 | -2.0% |
| Furniture and vehicles | 24 | €4,137 | €2,586 | -€1,551 | -37.5% |
| Current assets | 29/58 | €14,504 | €14,228 | -€276 | -1.9% |
| Cash at bank and in hand | 54/58 | €14,504 | €14,228 | -€276 | -1.9% |
| Total equity and liabilities | 10/49 | €493,081 | €481,898 | -€11,183 | -2.3% |
| Equity | 10/15 | €98,609 | €102,314 | +€3,705 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €97,999 | €97,999 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €97,999 | €97,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,790 | -€8,085 | +€3,705 | +31.4% |
| Amounts payable | 17/49 | €394,472 | €379,584 | -€14,888 | -3.8% |
| Amounts payable after more than one year | 17 | €279,334 | €264,428 | -€14,907 | -5.3% |
| Financial debts | 170/4 | €279,334 | €264,428 | -€14,907 | -5.3% |
| Amounts payable within one year | 42/48 | €115,138 | €115,157 | +€19 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €14,730 | €14,907 | +€177 | +1.2% |
| Trade debts | 44 | €408 | €250 | -€158 | -38.8% |
| Suppliers | 440/4 | €408 | €250 | -€158 | -38.8% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,594 | €23,379 | -€215 | -0.9% |
| Other operating charges | 640/8 | €1,785 | €4,986 | +€3,201 | +179% |
| Gross operating margin | 9900 | €34,949 | €36,063 | +€1,114 | +3.2% |
| Operating profit (loss) | 9901 | €9,570 | €7,699 | -€1,872 | -19.6% |
| Financial charges | 65/66B | €4,166 | €3,994 | -€173 | -4.1% |
| Recurring financial charges | 65 | €4,166 | €3,994 | -€173 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €5,404 | €3,705 | -€1,699 | -31.4% |
| Profit (loss) for the period | 9904 | €5,404 | €3,705 | -€1,699 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,404 | €3,705 | -€1,699 | -31.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.