Julian: 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.
Julian
Largest movements
- Stocks and contracts +€89,518
up €89,518 (+26.3%), from €340,764 to €430,282
- Cash -€38,914
down €38,914 (-56.0%), from €69,431 to €30,518
mainly Stocks and contracts (-€89,518) and Contributions, distributions and other (-€53,333)
- Receivables within one year +€7,938
up €7,938 (+33.8%), from €23,456 to €31,394
of which Trade receivables: +€7,814
- Other debts +€65,906
up €65,906 (+122%), from €54,190 to €120,097
- Tax, wage and social debts -€14,332
down €14,332 (-39.3%), from €36,453 to €22,121
- Gross operating margin -€33,093
down €33,093 (-28.6%), from €115,539 to €82,446
- Taxes -€7,118
down €7,118 (-29.3%), from €24,280 to €17,162
- Financial income -€4,529
down €4,529 (-99.9%), from €4,532 to €3
- Financial charges -€2,607
down €2,607 (-36.6%), from €7,114 to €4,507
- Staff costs -€2,016
down €2,016 (-100%), from €2,016 to €0
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 | €437,308 | €494,267 | +€56,959 | +13.0% |
| Fixed assets | 21/28 | €3,425 | €1,475 | -€1,951 | -56.9% |
| Tangible fixed assets | 22/27 | €3,425 | €1,475 | -€1,951 | -56.9% |
| Furniture and vehicles | 24 | €3,425 | €1,475 | -€1,951 | -56.9% |
| Current assets | 29/58 | €433,883 | €492,793 | +€58,909 | +13.6% |
| Stocks and contracts in progress | 3 | €340,764 | €430,282 | +€89,518 | +26.3% |
| Stocks | 30/36 | €340,764 | €430,282 | +€89,518 | +26.3% |
| Amounts receivable within one year | 40/41 | €23,456 | €31,394 | +€7,938 | +33.8% |
| Trade receivables | 40 | €23,456 | €31,270 | +€7,814 | +33.3% |
| Other amounts receivable | 41 | €0 | €124 | +€124 | |
| Cash at bank and in hand | 54/58 | €69,431 | €30,518 | -€38,914 | -56.0% |
| Deferred charges and accrued income | 490/1 | €232 | €599 | +€368 | +159% |
| Total equity and liabilities | 10/49 | €437,308 | €494,267 | +€56,959 | +13.0% |
| Equity | 10/15 | €345,189 | €349,859 | +€4,670 | +1.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341,189 | €345,859 | +€4,670 | +1.4% |
| Amounts payable | 17/49 | €92,120 | €144,408 | +€52,289 | +56.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €92,120 | €144,408 | +€52,289 | +56.8% |
| Financial debts | 43 | €250 | €0 | -€250 | -100% |
| Credit institutions | 430/8 | €250 | €0 | -€250 | -100% |
| Trade debts | 44 | €1,226 | €2,191 | +€964 | +78.6% |
| Suppliers | 440/4 | €1,226 | €2,191 | +€964 | +78.6% |
| Taxes, remuneration and social security | 45 | €36,453 | €22,121 | -€14,332 | -39.3% |
| Taxes | 450/3 | €36,453 | €22,121 | -€14,332 | -39.3% |
| Other amounts payable | 47/48 | €54,190 | €120,097 | +€65,906 | +122% |
| Remuneration, social security and pensions | 62 | €2,016 | €0 | -€2,016 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,951 | €1,951 | -€0 | 0.0% |
| Other operating charges | 640/8 | €801 | €826 | +€25 | +3.1% |
| Gross operating margin | 9900 | €115,539 | €82,446 | -€33,093 | -28.6% |
| Operating profit (loss) | 9901 | €110,771 | €79,669 | -€31,102 | -28.1% |
| Financial income | 75/76B | €4,532 | €3 | -€4,529 | -99.9% |
| Recurring financial income | 75 | €4,532 | €3 | -€4,529 | -99.9% |
| Financial charges | 65/66B | €7,114 | €4,507 | -€2,607 | -36.6% |
| Recurring financial charges | 65 | €7,114 | €4,507 | -€2,607 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €108,189 | €75,165 | -€33,024 | -30.5% |
| Income taxes | 67/77 | €24,280 | €17,162 | -€7,118 | -29.3% |
| Profit (loss) for the period | 9904 | €83,909 | €58,003 | -€25,905 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,909 | €58,003 | -€25,905 | -30.9% |
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 24 October 2026 via checked.be.