Juliaan: 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.
Juliaan
Largest movements
- Receivables within one year -€50,523
down €50,523 (-52.3%), from €96,528 to €46,005
of which Other amounts receivable: -€26,743
- Cash -€35,438
down €35,438 (-99.5%), from €35,630 to €192
mainly Current portion of long-term debt (-€50,130) and Other debts (-€33,202)
- Tangible fixed assets -€8,541
down €8,541 (-3.7%), from €230,528 to €221,987
of which Land and buildings: -€6,660
- Current portion of long-term debt -€50,130
down €50,130 (-75.6%), from €66,329 to €16,198
- Other debts -€33,202
down €33,202 (-40.2%), from €82,501 to €49,300
- Reserves +€13,459
up €13,459 (+2.8%), from €476,877 to €490,336
of which Distributable reserves: +€13,459
- Debts after one year -€10,531
down €10,531 (-100%), from €10,531 to €0
- Gross operating margin -€11,610
down €11,610 (-16.0%), from €72,400 to €60,789
- Financial income -€4,013
down €4,013 (-36.9%), from €10,867 to €6,854
- Taxes -€3,248
down €3,248 (-16.4%), from €19,779 to €16,531
- Other operating charges +€1,610
up €1,610 (+63.7%), from €2,529 to €4,139
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 | €717,685 | €628,172 | -€89,513 | -12.5% |
| Fixed assets | 21/28 | €230,528 | €221,987 | -€8,541 | -3.7% |
| Tangible fixed assets | 22/27 | €230,528 | €221,987 | -€8,541 | -3.7% |
| Land and buildings | 22 | €186,730 | €180,070 | -€6,660 | -3.6% |
| Plant, machinery and equipment | 23 | €11,338 | €10,122 | -€1,216 | -10.7% |
| Furniture and vehicles | 24 | €32,460 | €31,795 | -€665 | -2.0% |
| Current assets | 29/58 | €487,157 | €406,185 | -€80,972 | -16.6% |
| Amounts receivable within one year | 40/41 | €96,528 | €46,005 | -€50,523 | -52.3% |
| Trade receivables | 40 | €37,462 | €13,682 | -€23,780 | -63.5% |
| Other amounts receivable | 41 | €59,067 | €32,323 | -€26,743 | -45.3% |
| Current investments | 50/53 | €353,623 | €356,879 | +€3,256 | +0.9% |
| Cash at bank and in hand | 54/58 | €35,630 | €192 | -€35,438 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,376 | €3,109 | +€1,733 | +126% |
| Total equity and liabilities | 10/49 | €717,685 | €628,172 | -€89,513 | -12.5% |
| Equity | 10/15 | €489,277 | €502,736 | +€13,459 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €476,877 | €490,336 | +€13,459 | +2.8% |
| Tax-exempt reserves | 132 | €125,114 | €125,114 | = | 0.0% |
| Distributable reserves | 133 | €351,763 | €365,223 | +€13,459 | +3.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €41,705 | €41,705 | = | 0.0% |
| Deferred taxes | 168 | €41,705 | €41,705 | = | 0.0% |
| Amounts payable | 17/49 | €186,704 | €83,731 | -€102,972 | -55.2% |
| Amounts payable after more than one year | 17 | €10,531 | €0 | -€10,531 | -100% |
| Financial debts | 170/4 | €10,531 | €0 | -€10,531 | -100% |
| Amounts payable within one year | 42/48 | €174,977 | €83,731 | -€91,246 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €66,329 | €16,198 | -€50,130 | -75.6% |
| Trade debts | 44 | €2,579 | €633 | -€1,945 | -75.4% |
| Suppliers | 440/4 | €2,579 | €633 | -€1,945 | -75.4% |
| Taxes, remuneration and social security | 45 | €23,568 | €17,600 | -€5,969 | -25.3% |
| Taxes | 450/3 | €23,568 | €17,600 | -€5,969 | -25.3% |
| Other amounts payable | 47/48 | €82,501 | €49,300 | -€33,202 | -40.2% |
| Accrued charges and deferred income | 492/3 | €1,196 | €0 | -€1,196 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,031 | €13,384 | +€353 | +2.7% |
| Other operating charges | 640/8 | €2,529 | €4,139 | +€1,610 | +63.7% |
| Gross operating margin | 9900 | €72,400 | €60,789 | -€11,610 | -16.0% |
| Operating profit (loss) | 9901 | €56,840 | €43,267 | -€13,573 | -23.9% |
| Financial income | 75/76B | €10,867 | €6,854 | -€4,013 | -36.9% |
| Recurring financial income | 75 | €10,867 | €6,854 | -€4,013 | -36.9% |
| Financial charges | 65/66B | €884 | €1,181 | +€297 | +33.6% |
| Recurring financial charges | 65 | €884 | €1,181 | +€297 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €66,824 | €48,940 | -€17,884 | -26.8% |
| Income taxes | 67/77 | €19,779 | €16,531 | -€3,248 | -16.4% |
| Profit (loss) for the period | 9904 | €47,045 | €32,409 | -€14,635 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,045 | €32,409 | -€14,635 | -31.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.