GUERMAN JULIE: 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.
GUERMAN JULIE
Largest movements
- Receivables within one year +€5,745
up €5,745 (+155%), from €3,712 to €9,457
of which Trade receivables: +€6,399
- Deferred charges and accrued income +€3,888
up €3,888 (+999%), from €389 to €4,277
- Reserves +€20,140
up €20,140 (+44.2%), from €45,580 to €65,720
- Tax, wage and social debts -€12,946
down €12,946 (-62.3%), from €20,769 to €7,823
- Other debts +€950
up €950, from €0 to €950
- Gross operating margin +€1,737
up €1,737 (+5.9%), from €29,565 to €31,301
- Financial charges +€1,279
up €1,279 (+348%), from €367 to €1,646
- Depreciation +€540
up €540 (+220%), from €245 to €786
- Other operating charges +€410
up €410 (+106%), from €387 to €797
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 | €72,699 | €81,585 | +€8,886 | +12.2% |
| Fixed assets | 21/28 | €1,909 | €1,973 | +€64 | +3.3% |
| Tangible fixed assets | 22/27 | €1,909 | €1,973 | +€64 | +3.3% |
| Plant, machinery and equipment | 23 | - | €735 | +€735 | |
| Furniture and vehicles | 24 | €1,909 | €1,238 | -€671 | -35.2% |
| Current assets | 29/58 | €70,790 | €79,612 | +€8,823 | +12.5% |
| Amounts receivable within one year | 40/41 | €3,712 | €9,457 | +€5,745 | +155% |
| Trade receivables | 40 | €2,021 | €8,420 | +€6,399 | +317% |
| Other amounts receivable | 41 | €1,691 | €1,037 | -€654 | -38.7% |
| Cash at bank and in hand | 54/58 | €66,689 | €65,878 | -€810 | -1.2% |
| Deferred charges and accrued income | 490/1 | €389 | €4,277 | +€3,888 | +999% |
| Total equity and liabilities | 10/49 | €72,699 | €81,585 | +€8,886 | +12.2% |
| Equity | 10/15 | €50,580 | €70,720 | +€20,140 | +39.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,580 | €65,720 | +€20,140 | +44.2% |
| Distributable reserves | 133 | €45,580 | €65,720 | +€20,140 | +44.2% |
| Amounts payable | 17/49 | €22,118 | €10,865 | -€11,254 | -50.9% |
| Amounts payable within one year | 42/48 | €22,112 | €10,749 | -€11,363 | -51.4% |
| Trade debts | 44 | €1,343 | €1,976 | +€633 | +47.1% |
| Suppliers | 440/4 | €1,343 | €1,976 | +€633 | +47.1% |
| Taxes, remuneration and social security | 45 | €20,769 | €7,823 | -€12,946 | -62.3% |
| Taxes | 450/3 | €20,769 | €7,823 | -€12,946 | -62.3% |
| Other amounts payable | 47/48 | €0 | €950 | +€950 | |
| Accrued charges and deferred income | 492/3 | €7 | €115 | +€109 | +1,661% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245 | €786 | +€540 | +220% |
| Other operating charges | 640/8 | €387 | €797 | +€410 | +106% |
| Gross operating margin | 9900 | €29,565 | €31,301 | +€1,737 | +5.9% |
| Operating profit (loss) | 9901 | €28,932 | €29,719 | +€787 | +2.7% |
| Financial income | 75/76B | €27 | €31 | +€4 | +13.5% |
| Recurring financial income | 75 | €27 | €31 | +€4 | +13.5% |
| Financial charges | 65/66B | €367 | €1,646 | +€1,279 | +348% |
| Recurring financial charges | 65 | €367 | €1,646 | +€1,279 | +348% |
| Profit (loss) for the period before taxes | 9903 | €28,592 | €28,103 | -€489 | -1.7% |
| Income taxes | 67/77 | €7,823 | €7,963 | +€140 | +1.8% |
| Profit (loss) for the period | 9904 | €20,769 | €20,140 | -€629 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,769 | €20,140 | -€629 | -3.0% |
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 14 October 2026 via checked.be.