JULIE DELEINE: 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 DELEINE
Largest movements
- Tangible fixed assets +€41,204
up €41,204 (+856%), from €4,811 to €46,015
- Current investments +€18,069
new in 2025: €18,069
- Cash -€17,174
down €17,174 (-32.8%), from €52,412 to €35,238
mainly Investment in fixed assets (net) (-€46,577) and Current investments (-€18,069)
- Receivables within one year -€1,091
down €1,091 (-92.4%), from €1,181 to €90
of which Other amounts receivable: -€1,181
- Reserves +€33,351
up €33,351 (+138%), from €24,151 to €57,502
- Tax, wage and social debts +€5,235
up €5,235 (+30.3%), from €17,298 to €22,533
- Trade debts +€2,209
up €2,209 (+113%), from €1,956 to €4,165
- Gross operating margin +€22,484
up €22,484 (+66.8%), from €33,662 to €56,145
- Depreciation +€5,285
up €5,285 (+5,965%), from €89 to €5,373
- Financial charges +€4,324
new in 2025: €4,324
- Taxes +€3,609
up €3,609 (+38.7%), from €9,322 to €12,931
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 | €58,405 | €99,413 | +€41,008 | +70.2% |
| Fixed assets | 21/28 | €4,811 | €46,015 | +€41,204 | +856% |
| Tangible fixed assets | 22/27 | €4,811 | €46,015 | +€41,204 | +856% |
| Other tangible fixed assets | 26 | €4,811 | €46,015 | +€41,204 | +856% |
| Current assets | 29/58 | €53,593 | €53,397 | -€196 | -0.4% |
| Amounts receivable within one year | 40/41 | €1,181 | €90 | -€1,091 | -92.4% |
| Trade receivables | 40 | - | €90 | +€90 | |
| Other amounts receivable | 41 | €1,181 | €0 | -€1,181 | -100% |
| Current investments | 50/53 | - | €18,069 | +€18,069 | |
| Cash at bank and in hand | 54/58 | €52,412 | €35,238 | -€17,174 | -32.8% |
| Total equity and liabilities | 10/49 | €58,405 | €99,413 | +€41,008 | +70.2% |
| Equity | 10/15 | €39,151 | €72,502 | +€33,351 | +85.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €24,151 | €57,502 | +€33,351 | +138% |
| Distributable reserves | 133 | €24,151 | €57,502 | +€33,351 | +138% |
| Amounts payable | 17/49 | €19,254 | €26,911 | +€7,657 | +39.8% |
| Amounts payable within one year | 42/48 | €19,254 | €26,911 | +€7,657 | +39.8% |
| Financial debts | 43 | - | €86 | +€86 | |
| Credit institutions | 430/8 | - | €86 | +€86 | |
| Trade debts | 44 | €1,956 | €4,165 | +€2,209 | +113% |
| Suppliers | 440/4 | €1,956 | €4,165 | +€2,209 | +113% |
| Taxes, remuneration and social security | 45 | €17,298 | €22,533 | +€5,235 | +30.3% |
| Taxes | 450/3 | €17,298 | €22,533 | +€5,235 | +30.3% |
| Other amounts payable | 47/48 | - | €127 | +€127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89 | €5,373 | +€5,285 | +5,965% |
| Other operating charges | 640/8 | €100 | €266 | +€166 | +166% |
| Gross operating margin | 9900 | €33,662 | €56,145 | +€22,484 | +66.8% |
| Operating profit (loss) | 9901 | €33,473 | €50,506 | +€17,033 | +50.9% |
| Financial income | 75/76B | €0 | €99 | +€99 | +989,000% |
| Recurring financial income | 75 | €0 | €99 | +€99 | +989,000% |
| Financial charges | 65/66B | - | €4,324 | +€4,324 | |
| Recurring financial charges | 65 | - | €4,324 | +€4,324 | |
| Profit (loss) for the period before taxes | 9903 | €33,473 | €46,282 | +€12,809 | +38.3% |
| Income taxes | 67/77 | €9,322 | €12,931 | +€3,609 | +38.7% |
| Profit (loss) for the period | 9904 | €24,151 | €33,351 | +€9,200 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,151 | €33,351 | +€9,200 | +38.1% |
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 27 October 2026 via checked.be.