JULIANN: 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.
What changed
JULIANN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€820,620
2024 · €301,573+€519,047
Equity
€24.4m
2024 · €23.6m+€820,620
Cash
€5.3m
2024 · €1.0m+€4.3m
Balance sheet total
€28.7m
2024 · €35.2m-€6.5m
Largest movements
Assets
- Current investments -€7.0m
no longer reported in 2025 (was €7.0m)
- Cash +€4.3m
up €4.3m (+417%), from €1.0m to €5.3m
mainly Current investments (+€7.0m) and Investment in fixed assets (net) (+€4.2m)
- Financial fixed assets -€4.2m
down €4.2m (-16.9%), from €24.7m to €20.5m
of which Companies linked by participating interests: -€2.2m
- Receivables after one year +€905,000
new in 2025: €905,000
- Receivables within one year -€793,735
down €793,735 (-57.0%), from €1.4m to €597,583
of which Other amounts receivable: -€766,668
Equity and liabilities
- Debts after one year -€7.4m
down €7.4m (-67.3%), from €11.0m to €3.6m
- Reserves +€820,620
up €820,620 (+3.5%), from €23.4m to €24.2m
of which Distributable reserves: +€820,620
Income statement
- Financial income +€429,063
up €429,063 (+94.6%), from €453,416 to €882,478
- Goods and materials -€193,809
no longer reported in 2025 (was €193,809)
of which Change in stocks: decrease (increase): -€499,705
- Other operating income +€99,014
up €99,014 (+49.3%), from €200,986 to €300,000
- Turnover -€93,618
down €93,618 (-6.2%), from €1.5m to €1.4m
- Services and other goods +€77,381
up €77,381 (+6.5%), from €1.2m to €1.3m
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.
Result 2024
€301,573
Turnover
-€93,618
Other operating income
+€99,014
Goods and materials
+€193,809
Services and other goods
-€77,381
Depreciation
+€1,037
Other operating charges
-€6,044
Other operating items
+€6,565
Financial income
+€429,063
Financial charges
+€31,899
Taxes
-€65,297
Result 2025
€820,620
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€597,077
Investment
+€11.1m
Financing
-€7.4m
Cash 2024
€1.0m
From operations (derived)
+€597,077
Net result for the year
+€820,620
Depreciation
+€72,597
Receivables after one year
-€905,000
Stocks and contracts
-€305,896
Receivables within one year
+€793,735
Deferred charges and accrued income
+€21,490
Trade debts
+€27,980
Tax, wage and social debts
+€50,285
Other debts
+€50,580
Accrued charges and deferred income
-€29,316
Investment (derived)
+€11.1m
Investment in fixed assets (net)
+€4.2m
Current investments
+€7.0m
Financing
-€7.4m
Debts after one year
-€7.4m
Cash 2025
€5.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,220,456 | €28,712,926 | -€6.5m | -18.5% |
| Fixed assets | 21/28 | €25,230,787 | €20,975,692 | -€4.3m | -16.9% |
| Tangible fixed assets | 22/27 | €521,429 | €442,710 | -€78,719 | -15.1% |
| Land and buildings | 22 | €521,429 | €442,710 | -€78,719 | -15.1% |
| Financial fixed assets | 28 | €24,709,358 | €20,532,982 | -€4.2m | -16.9% |
| Affiliated companies | 280/1 | €22,308,754 | €20,332,982 | -€2.0m | -8.9% |
| Participating interests | 280 | €18,383,617 | €18,384,819 | +€1,202 | 0.0% |
| Amounts receivable | 281 | €3,925,137 | €1,948,163 | -€2.0m | -50.4% |
| Companies linked by participating interests | 282/3 | €2,200,604 | - | -€2.2m | |
| Amounts receivable | 283 | €2,200,604 | - | -€2.2m | |
| Other financial fixed assets | 284/8 | €200,000 | €200,000 | = | 0.0% |
| Shares | 284 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €9,989,669 | €7,737,234 | -€2.3m | -22.5% |
| Amounts receivable after more than one year | 29 | - | €905,000 | +€905,000 | |
| Other amounts receivable | 291 | - | €905,000 | +€905,000 | |
| Stocks and contracts in progress | 3 | - | €305,896 | +€305,896 | |
| Stocks | 30/36 | - | €305,896 | +€305,896 | |
| Goods purchased for resale | 34 | - | €305,896 | +€305,896 | |
| Amounts receivable within one year | 40/41 | €1,391,318 | €597,583 | -€793,735 | -57.0% |
| Trade receivables | 40 | €202,154 | €175,087 | -€27,067 | -13.4% |
| Other amounts receivable | 41 | €1,189,164 | €422,496 | -€766,668 | -64.5% |
| Current investments | 50/53 | €6,960,000 | - | -€7.0m | |
| Other investments | 51/53 | €6,960,000 | - | -€7.0m | |
| Cash at bank and in hand | 54/58 | €1,032,791 | €5,344,685 | +€4.3m | +417% |
| Deferred charges and accrued income | 490/1 | €605,560 | €584,070 | -€21,490 | -3.5% |
| Total equity and liabilities | 10/49 | €35,220,456 | €28,712,926 | -€6.5m | -18.5% |
| Equity | 10/15 | €23,577,500 | €24,398,120 | +€820,620 | +3.5% |
| Contributions | 10/11 | €88,404 | €88,404 | = | 0.0% |
| Capital | 10 | €88,404 | €88,404 | = | 0.0% |
| Issued capital | 100 | €88,404 | €88,404 | = | 0.0% |
| Reserves | 13 | €23,426,078 | €24,246,698 | +€820,620 | +3.5% |
| Non-distributable reserves | 130/1 | €748,378 | €748,378 | = | 0.0% |
| Legal reserve | 130 | €748,378 | €748,378 | = | 0.0% |
| Distributable reserves | 133 | €22,677,700 | €23,498,320 | +€820,620 | +3.6% |
| Investment grants | 15 | €63,017 | €63,017 | = | 0.0% |
| Provisions and deferred taxes | 16 | €4,000 | €4,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,000 | €4,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €11,638,956 | €4,310,806 | -€7.3m | -63.0% |
| Amounts payable after more than one year | 17 | €11,036,057 | €3,608,377 | -€7.4m | -67.3% |
| Financial debts | 170/4 | €11,036,057 | €3,608,377 | -€7.4m | -67.3% |
| Other loans | 174 | €11,036,057 | €3,608,377 | -€7.4m | -67.3% |
| Amounts payable within one year | 42/48 | €304,740 | €433,585 | +€128,845 | +42.3% |
| Trade debts | 44 | €294,520 | €322,499 | +€27,980 | +9.5% |
| Suppliers | 440/4 | €294,520 | €322,499 | +€27,980 | +9.5% |
| Taxes, remuneration and social security | 45 | €10,220 | €60,506 | +€50,285 | +492% |
| Taxes | 450/3 | €9,200 | €59,485 | +€50,285 | +547% |
| Remuneration and social security | 454/9 | €1,020 | €1,021 | +€1 | 0.0% |
| Other amounts payable | 47/48 | - | €50,580 | +€50,580 | |
| Accrued charges and deferred income | 492/3 | €298,159 | €268,844 | -€29,316 | -9.8% |
| Operating income | 70/76A | €1,715,896 | €1,727,857 | +€11,961 | +0.7% |
| Turnover | 70 | €1,514,910 | €1,421,292 | -€93,618 | -6.2% |
| Other operating income | 74 | €200,986 | €300,000 | +€99,014 | +49.3% |
| Non-recurring operating income | 76A | - | €6,565 | +€6,565 | |
| Operating charges | 60/66A | €1,465,336 | €1,353,915 | -€111,422 | -7.6% |
| Goods for resale, raw materials and consumables | 60 | €193,809 | - | -€193,809 | |
| Purchases | 600/8 | - | €305,896 | +€305,896 | |
| Change in stocks: decrease (increase) | 609 | €193,809 | -€305,896 | -€499,705 | |
| Services and other goods | 61 | €1,194,288 | €1,271,669 | +€77,381 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,635 | €72,597 | -€1,037 | -1.4% |
| Other operating charges | 640/8 | €3,605 | €9,649 | +€6,044 | +168% |
| Operating profit (loss) | 9901 | €250,560 | €373,942 | +€123,382 | +49.2% |
| Financial income | 75/76B | €453,416 | €882,478 | +€429,063 | +94.6% |
| Recurring financial income | 75 | €453,416 | €882,478 | +€429,063 | +94.6% |
| Income from financial fixed assets | 750 | €187,607 | €758,003 | +€570,396 | +304% |
| Income from current assets | 751 | €265,808 | €124,476 | -€141,333 | -53.2% |
| Financial charges | 65/66B | €300,274 | €268,374 | -€31,899 | -10.6% |
| Recurring financial charges | 65 | €300,274 | €268,374 | -€31,899 | -10.6% |
| Debt charges | 650 | €295,368 | €265,968 | -€29,400 | -10.0% |
| Other financial charges | 652/9 | €4,906 | €2,407 | -€2,499 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €403,702 | €988,046 | +€584,344 | +145% |
| Income taxes | 67/77 | €102,129 | €167,426 | +€65,297 | +63.9% |
| Taxes | 670/3 | €102,129 | €167,426 | +€65,297 | +63.9% |
| Profit (loss) for the period | 9904 | €301,573 | €820,620 | +€519,047 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €301,573 | €820,620 | +€519,047 | +172% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.