JULIE BOLLY: 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.
JULIE BOLLY
Largest movements
- Cash +€48,674
up €48,674 (+33.5%), from €145,421 to €194,095
mainly Net result for the year (+€53,938) and Depreciation (+€11,019)
- Tangible fixed assets -€16,664
down €16,664 (-52.5%), from €31,721 to €15,057
of which Furniture and vehicles: -€10,764
- Receivables within one year +€3,413
up €3,413 (+8.7%), from €39,086 to €42,500
of which Trade receivables: +€2,040
- Reserves +€43,900
up €43,900 (+29.0%), from €151,330 to €195,230
- Current portion of long-term debt -€6,061
down €6,061 (-66.4%), from €9,127 to €3,066
- Debts after one year -€3,066
no longer reported in 2026 (was €3,066)
- Gross operating margin +€30,770
up €30,770 (+60.7%), from €50,658 to €81,429
- Taxes +€8,638
up €8,638 (+102%), from €8,473 to €17,111
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,483 | €255,159 | +€35,676 | +16.3% |
| Fixed assets | 21/28 | €31,721 | €15,057 | -€16,664 | -52.5% |
| Tangible fixed assets | 22/27 | €31,721 | €15,057 | -€16,664 | -52.5% |
| Plant, machinery and equipment | 23 | €5,645 | - | -€5,645 | |
| Furniture and vehicles | 24 | €24,708 | €13,945 | -€10,764 | -43.6% |
| Other tangible fixed assets | 26 | €1,368 | €1,113 | -€255 | -18.7% |
| Current assets | 29/58 | €187,761 | €240,101 | +€52,340 | +27.9% |
| Amounts receivable within one year | 40/41 | €39,086 | €42,500 | +€3,413 | +8.7% |
| Trade receivables | 40 | €8,345 | €10,385 | +€2,040 | +24.4% |
| Other amounts receivable | 41 | €30,741 | €32,115 | +€1,373 | +4.5% |
| Cash at bank and in hand | 54/58 | €145,421 | €194,095 | +€48,674 | +33.5% |
| Deferred charges and accrued income | 490/1 | €3,254 | €3,506 | +€252 | +7.8% |
| Total equity and liabilities | 10/49 | €219,483 | €255,159 | +€35,676 | +16.3% |
| Equity | 10/15 | €195,103 | €239,041 | +€43,938 | +22.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €151,330 | €195,230 | +€43,900 | +29.0% |
| Distributable reserves | 133 | €151,330 | €195,230 | +€43,900 | +29.0% |
| Profit (loss) carried forward | 14 | €31,373 | €31,411 | +€38 | +0.1% |
| Amounts payable | 17/49 | €24,380 | €16,117 | -€8,262 | -33.9% |
| Amounts payable after more than one year | 17 | €3,066 | - | -€3,066 | |
| Financial debts | 170/4 | €3,066 | - | -€3,066 | |
| Amounts payable within one year | 42/48 | €21,314 | €16,117 | -€5,196 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €9,127 | €3,066 | -€6,061 | -66.4% |
| Trade debts | 44 | €2,187 | €940 | -€1,247 | -57.0% |
| Suppliers | 440/4 | €2,187 | €940 | -€1,247 | -57.0% |
| Taxes, remuneration and social security | 45 | - | €2,111 | +€2,111 | |
| Taxes | 450/3 | - | €2,111 | +€2,111 | |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,121 | €11,019 | -€102 | -0.9% |
| Other operating charges | 640/8 | €682 | €808 | +€126 | +18.4% |
| Gross operating margin | 9900 | €50,658 | €81,429 | +€30,770 | +60.7% |
| Operating profit (loss) | 9901 | €38,855 | €69,602 | +€30,746 | +79.1% |
| Financial income | 75/76B | €1,359 | €1,708 | +€349 | +25.7% |
| Recurring financial income | 75 | €1,359 | €1,708 | +€349 | +25.7% |
| Financial charges | 65/66B | €367 | €260 | -€106 | -29.0% |
| Recurring financial charges | 65 | €367 | €260 | -€106 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €39,848 | €71,049 | +€31,201 | +78.3% |
| Income taxes | 67/77 | €8,473 | €17,111 | +€8,638 | +102% |
| Profit (loss) for the period | 9904 | €31,375 | €53,938 | +€22,564 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,375 | €53,938 | +€22,564 | +71.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.