Julie Meeus: 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 Meeus
Largest movements
- Cash +€8,013
up €8,013 (+20.4%), from €39,247 to €47,260
mainly Net result for the year (+€16,797) and Depreciation (+€977)
- Receivables within one year +€3,942
up €3,942 (+21.2%), from €18,563 to €22,505
of which Other amounts receivable: +€4,748
- Profit (loss) carried forward +€16,797
up €16,797 (+32.0%), from €52,426 to €69,223
- Trade debts -€2,804
down €2,804 (-84.2%), from €3,330 to €526
- Tax, wage and social debts -€1,690
down €1,690 (-46.3%), from €3,652 to €1,962
of which Taxes: -€1,690
- Gross operating margin -€18,149
down €18,149 (-42.8%), from €42,443 to €24,294
- Taxes -€2,690
down €2,690 (-31.1%), from €8,652 to €5,962
- Depreciation +€703
up €703 (+257%), from €274 to €977
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 | €61,807 | €74,110 | +€12,303 | +19.9% |
| Fixed assets | 21/28 | €2,956 | €3,174 | +€218 | +7.4% |
| Tangible fixed assets | 22/27 | €2,956 | €3,174 | +€218 | +7.4% |
| Land and buildings | 22 | €2,531 | €2,024 | -€507 | -20.0% |
| Plant, machinery and equipment | 23 | €0 | €996 | +€996 | |
| Furniture and vehicles | 24 | €425 | €154 | -€271 | -63.8% |
| Current assets | 29/58 | €58,851 | €70,936 | +€12,085 | +20.5% |
| Amounts receivable within one year | 40/41 | €18,563 | €22,505 | +€3,942 | +21.2% |
| Trade receivables | 40 | €807 | - | -€807 | |
| Other amounts receivable | 41 | €17,756 | €22,505 | +€4,748 | +26.7% |
| Cash at bank and in hand | 54/58 | €39,247 | €47,260 | +€8,013 | +20.4% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,172 | +€130 | +12.5% |
| Total equity and liabilities | 10/49 | €61,807 | €74,110 | +€12,303 | +19.9% |
| Equity | 10/15 | €54,826 | €71,623 | +€16,797 | +30.6% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,426 | €69,223 | +€16,797 | +32.0% |
| Amounts payable | 17/49 | €6,981 | €2,487 | -€4,494 | -64.4% |
| Amounts payable within one year | 42/48 | €6,981 | €2,487 | -€4,494 | -64.4% |
| Trade debts | 44 | €3,330 | €526 | -€2,804 | -84.2% |
| Suppliers | 440/4 | €3,330 | €526 | -€2,804 | -84.2% |
| Taxes, remuneration and social security | 45 | €3,652 | €1,962 | -€1,690 | -46.3% |
| Taxes | 450/3 | €3,652 | €1,962 | -€1,690 | -46.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | €977 | +€703 | +257% |
| Other operating charges | 640/8 | €118 | €210 | +€92 | +78.0% |
| Gross operating margin | 9900 | €42,443 | €24,294 | -€18,149 | -42.8% |
| Operating profit (loss) | 9901 | €42,051 | €23,106 | -€18,944 | -45.1% |
| Financial income | 75/76B | €1,068 | €969 | -€99 | -9.3% |
| Recurring financial income | 75 | €1,068 | €969 | -€99 | -9.3% |
| Financial charges | 65/66B | €1,346 | €1,316 | -€30 | -2.2% |
| Recurring financial charges | 65 | €1,346 | €1,316 | -€30 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €41,772 | €22,759 | -€19,014 | -45.5% |
| Income taxes | 67/77 | €8,652 | €5,962 | -€2,690 | -31.1% |
| Profit (loss) for the period | 9904 | €33,121 | €16,797 | -€16,324 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,121 | €16,797 | -€16,324 | -49.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.