JULIE HUYNEN: what changed
JULIE HUYNEN
Largest movements
- Cash +€39,623
new in 2025: €39,623
mainly Net result for the year (+€31,320) and Current investments (+€17,336)
- Current investments -€17,336
no longer reported in 2025 (was €17,336)
- Financial fixed assets +€15,500
new in 2025: €15,500
- Tangible fixed assets -€3,329
down €3,329 (-24.6%), from €13,539 to €10,210
- Reserves +€26,320
up €26,320 (+132%), from €19,977 to €46,298
- Other debts +€5,871
up €5,871 (+628%), from €935 to €6,806
- Tax, wage and social debts +€2,438
up €2,438 (+29.6%), from €8,247 to €10,685
- Gross operating margin +€17,044
up €17,044 (+65.9%), from €25,869 to €42,913
- Taxes +€2,498
up €2,498 (+51.0%), from €4,894 to €7,392
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,449 | €65,820 | +€34,371 | +109% |
| Fixed assets | 21/28 | €13,539 | €25,710 | +€12,171 | +89.9% |
| Tangible fixed assets | 22/27 | €13,539 | €10,210 | -€3,329 | -24.6% |
| Furniture and vehicles | 24 | €13,539 | €10,210 | -€3,329 | -24.6% |
| Financial fixed assets | 28 | - | €15,500 | +€15,500 | |
| Current assets | 29/58 | €17,910 | €40,110 | +€22,200 | +124% |
| Amounts receivable within one year | 40/41 | €103 | - | -€103 | |
| Trade receivables | 40 | €103 | - | -€103 | |
| Current investments | 50/53 | €17,336 | - | -€17,336 | |
| Cash at bank and in hand | 54/58 | - | €39,623 | +€39,623 | |
| Deferred charges and accrued income | 490/1 | €471 | €487 | +€16 | +3.3% |
| Total equity and liabilities | 10/49 | €31,449 | €65,820 | +€34,371 | +109% |
| Equity | 10/15 | €21,977 | €48,298 | +€26,320 | +120% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,977 | €46,298 | +€26,320 | +132% |
| Distributable reserves | 133 | €19,977 | €46,298 | +€26,320 | +132% |
| Amounts payable | 17/49 | €9,471 | €17,522 | +€8,051 | +85.0% |
| Amounts payable within one year | 42/48 | €9,456 | €17,506 | +€8,051 | +85.1% |
| Trade debts | 44 | €274 | €15 | -€259 | -94.5% |
| Suppliers | 440/4 | €274 | €15 | -€259 | -94.5% |
| Taxes, remuneration and social security | 45 | €8,247 | €10,685 | +€2,438 | +29.6% |
| Taxes | 450/3 | €8,247 | €10,685 | +€2,438 | +29.6% |
| Other amounts payable | 47/48 | €935 | €6,806 | +€5,871 | +628% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | +€0 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,239 | €3,329 | +€90 | +2.8% |
| Other operating charges | 640/8 | €728 | €833 | +€105 | +14.5% |
| Gross operating margin | 9900 | €25,869 | €42,913 | +€17,044 | +65.9% |
| Operating profit (loss) | 9901 | €21,903 | €38,752 | +€16,848 | +76.9% |
| Financial charges | 65/66B | €40 | €39 | -€1 | -2.9% |
| Recurring financial charges | 65 | €40 | €39 | -€1 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €21,863 | €38,712 | +€16,850 | +77.1% |
| Income taxes | 67/77 | €4,894 | €7,392 | +€2,498 | +51.0% |
| Profit (loss) for the period | 9904 | €16,969 | €31,320 | +€14,352 | +84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,969 | €31,320 | +€14,352 | +84.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.