JULIE LEBRUN: what changed
JULIE LEBRUN
Largest movements
- Cash +€46,054
up €46,054 (+84.2%), from €54,679 to €100,733
mainly Net result for the year (+€47,706) and Depreciation (+€3,150)
- Intangible fixed assets -€2,000
down €2,000 (-25.0%), from €8,000 to €6,000
- Tangible fixed assets -€1,150
down €1,150 (-36.3%), from €3,166 to €2,017
- Profit (loss) carried forward +€46,873
up €46,873 (+109%), from €42,990 to €89,863
- Trade debts -€3,600
no longer reported in 2025 (was €3,600)
- Gross operating margin +€3,192
up €3,192 (+5.3%), from €60,607 to €63,799
- Depreciation -€1,541
down €1,541 (-32.8%), from €4,690 to €3,150
- Taxes +€791
up €791 (+6.6%), from €11,918 to €12,709
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 | €66,125 | €109,032 | +€42,907 | +64.9% |
| Fixed assets | 21/28 | €11,166 | €8,017 | -€3,150 | -28.2% |
| Intangible fixed assets | 21 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Tangible fixed assets | 22/27 | €3,166 | €2,017 | -€1,150 | -36.3% |
| Furniture and vehicles | 24 | €3,166 | €2,017 | -€1,150 | -36.3% |
| Current assets | 29/58 | €54,958 | €101,015 | +€46,057 | +83.8% |
| Cash at bank and in hand | 54/58 | €54,679 | €100,733 | +€46,054 | +84.2% |
| Deferred charges and accrued income | 490/1 | €280 | €283 | +€3 | +1.0% |
| Total equity and liabilities | 10/49 | €66,125 | €109,032 | +€42,907 | +64.9% |
| Equity | 10/15 | €47,990 | €94,863 | +€46,873 | +97.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,990 | €89,863 | +€46,873 | +109% |
| Amounts payable | 17/49 | €18,135 | €14,169 | -€3,966 | -21.9% |
| Amounts payable within one year | 42/48 | €18,135 | €14,169 | -€3,966 | -21.9% |
| Trade debts | 44 | €3,600 | - | -€3,600 | |
| Suppliers | 440/4 | €3,600 | - | -€3,600 | |
| Taxes, remuneration and social security | 45 | €1,158 | €209 | -€949 | -82.0% |
| Taxes | 450/3 | €1,158 | €209 | -€949 | -82.0% |
| Other amounts payable | 47/48 | €13,377 | €13,960 | +€583 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,690 | €3,150 | -€1,541 | -32.8% |
| Other operating charges | 640/8 | €103 | €181 | +€78 | +75.3% |
| Gross operating margin | 9900 | €60,607 | €63,799 | +€3,192 | +5.3% |
| Operating profit (loss) | 9901 | €55,813 | €60,469 | +€4,655 | +8.3% |
| Financial charges | 65/66B | €73 | €54 | -€19 | -25.6% |
| Recurring financial charges | 65 | €73 | €54 | -€19 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €55,741 | €60,415 | +€4,674 | +8.4% |
| Income taxes | 67/77 | €11,918 | €12,709 | +€791 | +6.6% |
| Profit (loss) for the period | 9904 | €43,823 | €47,706 | +€3,883 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,823 | €47,706 | +€3,883 | +8.9% |
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 3 November 2026 via checked.be.