JULIA LOPEZ: 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.
JULIA LOPEZ
Largest movements
- Tangible fixed assets +€57,090
up €57,090 (+6,840%), from €835 to €57,925
of which Furniture and vehicles: +€56,607
- Cash -€27,417
down €27,417 (-25.1%), from €109,142 to €81,725
mainly Contributions, distributions and other (-€93,500) and Investment in fixed assets (net) (-€59,807)
- Receivables within one year -€3,050
down €3,050 (-79.1%), from €3,858 to €807
of which Other amounts receivable: -€2,385
- Deferred charges and accrued income -€1,943
down €1,943 (-38.3%), from €5,076 to €3,132
- Profit (loss) carried forward +€19,093
up €19,093 (+20.4%), from €93,532 to €112,625
- Tax, wage and social debts +€5,083
new in 2025: €5,083
of which Taxes: +€3,559
- Gross operating margin +€22,152
up €22,152 (+17.3%), from €127,686 to €149,839
- Taxes +€4,444
up €4,444 (+15.3%), from €29,115 to €33,559
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 | €118,910 | €143,589 | +€24,680 | +20.8% |
| Fixed assets | 21/28 | €835 | €57,925 | +€57,090 | +6,840% |
| Tangible fixed assets | 22/27 | €835 | €57,925 | +€57,090 | +6,840% |
| Plant, machinery and equipment | 23 | €508 | €991 | +€483 | +95.1% |
| Furniture and vehicles | 24 | €326 | €56,933 | +€56,607 | +17,341% |
| Current assets | 29/58 | €118,075 | €85,665 | -€32,410 | -27.4% |
| Amounts receivable within one year | 40/41 | €3,858 | €807 | -€3,050 | -79.1% |
| Trade receivables | 40 | €1,472 | €807 | -€665 | -45.2% |
| Other amounts receivable | 41 | €2,385 | - | -€2,385 | |
| Cash at bank and in hand | 54/58 | €109,142 | €81,725 | -€27,417 | -25.1% |
| Deferred charges and accrued income | 490/1 | €5,076 | €3,132 | -€1,943 | -38.3% |
| Total equity and liabilities | 10/49 | €118,910 | €143,589 | +€24,680 | +20.8% |
| Equity | 10/15 | €112,132 | €131,225 | +€19,093 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,532 | €112,625 | +€19,093 | +20.4% |
| Amounts payable | 17/49 | €6,778 | €12,364 | +€5,587 | +82.4% |
| Amounts payable within one year | 42/48 | €6,778 | €12,364 | +€5,587 | +82.4% |
| Trade debts | 44 | €1,746 | €1,787 | +€41 | +2.4% |
| Suppliers | 440/4 | €1,746 | €1,787 | +€41 | +2.4% |
| Taxes, remuneration and social security | 45 | - | €5,083 | +€5,083 | |
| Taxes | 450/3 | - | €3,559 | +€3,559 | |
| Remuneration and social security | 454/9 | - | €1,524 | +€1,524 | |
| Other amounts payable | 47/48 | €5,032 | €5,494 | +€462 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,084 | €2,717 | -€1,368 | -33.5% |
| Other operating charges | 640/8 | €811 | €764 | -€47 | -5.8% |
| Gross operating margin | 9900 | €127,686 | €149,839 | +€22,152 | +17.3% |
| Operating profit (loss) | 9901 | €122,791 | €146,358 | +€23,567 | +19.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €145 | €206 | +€61 | +42.0% |
| Recurring financial charges | 65 | €145 | €206 | +€61 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €122,646 | €146,152 | +€23,506 | +19.2% |
| Income taxes | 67/77 | €29,115 | €33,559 | +€4,444 | +15.3% |
| Profit (loss) for the period | 9904 | €93,531 | €112,593 | +€19,062 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,531 | €112,593 | +€19,062 | +20.4% |
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 22 October 2026 via checked.be.