JULIA: 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.
JULIA
Largest movements
- Receivables after one year -€4,763
down €4,763 (-39.5%), from €12,056 to €7,293
- Tangible fixed assets -€3,363
down €3,363 (-3.9%), from €87,121 to €83,759
of which Other tangible fixed assets: -€2,803
- Cash -€1,985
down €1,985 (-45.5%), from €4,365 to €2,379
mainly Net result for the year (-€10,553) and Smaller working-capital items (-€13)
- Profit (loss) carried forward -€10,553
down €10,553 (-23.2%), from -€45,402 to -€55,955
- Depreciation -€1,800
down €1,800 (-34.9%), from €5,163 to €3,363
- Other operating charges -€1,332
down €1,332 (-35.6%), from €3,739 to €2,407
- Gross operating margin -€1,036
down €1,036 (-25.1%), from -€4,132 to -€5,168
- Financial income -€301
down €301 (-31.9%), from €944 to €642
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 | €103,694 | €93,585 | -€10,109 | -9.7% |
| Fixed assets | 21/28 | €87,121 | €83,759 | -€3,363 | -3.9% |
| Tangible fixed assets | 22/27 | €87,121 | €83,759 | -€3,363 | -3.9% |
| Land and buildings | 22 | €75,865 | €75,865 | = | 0.0% |
| Furniture and vehicles | 24 | €1,743 | €1,183 | -€560 | -32.1% |
| Other tangible fixed assets | 26 | €9,513 | €6,710 | -€2,803 | -29.5% |
| Current assets | 29/58 | €16,573 | €9,827 | -€6,746 | -40.7% |
| Amounts receivable after more than one year | 29 | €12,056 | €7,293 | -€4,763 | -39.5% |
| Other amounts receivable | 291 | €12,056 | €7,293 | -€4,763 | -39.5% |
| Cash at bank and in hand | 54/58 | €4,365 | €2,379 | -€1,985 | -45.5% |
| Deferred charges and accrued income | 490/1 | €152 | €154 | +€2 | +1.6% |
| Total equity and liabilities | 10/49 | €103,694 | €93,585 | -€10,109 | -9.7% |
| Equity | 10/15 | €100,169 | €89,616 | -€10,553 | -10.5% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €5,571 | €5,571 | = | 0.0% |
| Distributable reserves | 133 | €5,571 | €5,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,402 | -€55,955 | -€10,553 | -23.2% |
| Amounts payable | 17/49 | €3,526 | €3,969 | +€444 | +12.6% |
| Amounts payable within one year | 42/48 | €2,576 | €2,969 | +€394 | +15.3% |
| Trade debts | 44 | €108 | €98 | -€11 | -9.8% |
| Suppliers | 440/4 | €108 | €98 | -€11 | -9.8% |
| Other amounts payable | 47/48 | €2,467 | €2,872 | +€404 | +16.4% |
| Accrued charges and deferred income | 492/3 | €950 | €1,000 | +€50 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,163 | €3,363 | -€1,800 | -34.9% |
| Other operating charges | 640/8 | €3,739 | €2,407 | -€1,332 | -35.6% |
| Gross operating margin | 9900 | -€4,132 | -€5,168 | -€1,036 | -25.1% |
| Operating profit (loss) | 9901 | -€13,034 | -€10,938 | +€2,095 | +16.1% |
| Financial income | 75/76B | €944 | €642 | -€301 | -31.9% |
| Recurring financial income | 75 | €944 | €642 | -€301 | -31.9% |
| Financial charges | 65/66B | €225 | €255 | +€30 | +13.3% |
| Recurring financial charges | 65 | €225 | €255 | +€30 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,315 | -€10,551 | +€1,764 | +14.3% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€12,315 | -€10,553 | +€1,762 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,315 | -€10,553 | +€1,762 | +14.3% |
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 30 September 2026 via checked.be.