Julie Ingels: 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 Ingels
Largest movements
- Cash +€22,397
up €22,397 (+58.9%), from €38,051 to €60,449
mainly Net result for the year (+€81,157) and Other debts (+€35,534)
- Deferred charges and accrued income +€12,203
up €12,203 (+111%), from €11,039 to €23,241
- Tangible fixed assets +€4,200
up €4,200 (+105%), from €3,984 to €8,184
of which Furniture and vehicles: +€4,989
- Receivables within one year -€3,485
no longer reported in 2025 (was €3,485)
- Other debts +€35,534
up €35,534 (+73.5%), from €48,367 to €83,901
- Current portion of long-term debt -€3,695
no longer reported in 2025 (was €3,695)
- Tax, wage and social debts +€3,405
new in 2025: €3,405
- Gross operating margin +€96,437
up €96,437 (+531%), from €18,152 to €114,590
- Taxes +€26,857
up €26,857 (+1,735%), from €1,548 to €28,405
- Depreciation -€7,072
down €7,072 (-62.0%), from €11,413 to €4,341
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 | €57,159 | €92,474 | +€35,315 | +61.8% |
| Fixed assets | 21/28 | €4,584 | €8,784 | +€4,200 | +91.6% |
| Tangible fixed assets | 22/27 | €3,984 | €8,184 | +€4,200 | +105% |
| Plant, machinery and equipment | 23 | €3,984 | €3,195 | -€789 | -19.8% |
| Furniture and vehicles | 24 | - | €4,989 | +€4,989 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €52,575 | €83,690 | +€31,115 | +59.2% |
| Amounts receivable within one year | 40/41 | €3,485 | - | -€3,485 | |
| Other amounts receivable | 41 | €3,485 | - | -€3,485 | |
| Cash at bank and in hand | 54/58 | €38,051 | €60,449 | +€22,397 | +58.9% |
| Deferred charges and accrued income | 490/1 | €11,039 | €23,241 | +€12,203 | +111% |
| Total equity and liabilities | 10/49 | €57,159 | €92,474 | +€35,315 | +61.8% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €52,159 | €87,474 | +€35,315 | +67.7% |
| Amounts payable within one year | 42/48 | €52,159 | €87,474 | +€35,315 | +67.7% |
| Current portion of amounts payable after more than one year | 42 | €3,695 | - | -€3,695 | |
| Trade debts | 44 | €97 | €167 | +€70 | +72.1% |
| Suppliers | 440/4 | €97 | €167 | +€70 | +72.1% |
| Taxes, remuneration and social security | 45 | - | €3,405 | +€3,405 | |
| Taxes | 450/3 | - | €3,405 | +€3,405 | |
| Other amounts payable | 47/48 | €48,367 | €83,901 | +€35,534 | +73.5% |
| Non-recurring operating income | 76A | €483 | - | -€483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,413 | €4,341 | -€7,072 | -62.0% |
| Other operating charges | 640/8 | €594 | €531 | -€62 | -10.5% |
| Gross operating margin | 9900 | €18,152 | €114,590 | +€96,437 | +531% |
| Operating profit (loss) | 9901 | €6,146 | €109,718 | +€103,572 | +1,685% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €182 | €156 | -€26 | -14.4% |
| Recurring financial charges | 65 | €182 | €156 | -€26 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €5,964 | €109,562 | +€103,598 | +1,737% |
| Income taxes | 67/77 | €1,548 | €28,405 | +€26,857 | +1,735% |
| Profit (loss) for the period | 9904 | €4,416 | €81,157 | +€76,741 | +1,738% |
| Transfer from tax-exempt reserves | 789 | €13,016 | - | -€13,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,432 | €81,157 | +€63,725 | +366% |
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 30 October 2026 via checked.be.