JULIE NADER: what changed
JULIE NADER
Largest movements
- Cash -€4,048
down €4,048 (-28.7%), from €14,123 to €10,075
mainly Contributions, distributions and other (-€5,400) and Other debts (-€1,584)
- Tangible fixed assets -€2,151
down €2,151 (-37.7%), from €5,709 to €3,558
of which Other tangible fixed assets: -€1,091
- Receivables within one year -€464
down €464 (-6.2%), from €7,514 to €7,050
of which Trade receivables: -€1,161
- Reserves -€4,371
down €4,371 (-20.8%), from €21,032 to €16,660
- Other debts -€1,584
down €1,584 (-99.9%), from €1,586 to €2
- Tax, wage and social debts -€1,380
down €1,380 (-38.2%), from €3,613 to €2,233
- Trade debts +€811
up €811 (+699%), from €116 to €927
- Gross operating margin -€4,871
down €4,871 (-51.1%), from €9,529 to €4,658
- Taxes -€1,050
down €1,050 (-56.6%), from €1,853 to €804
- Depreciation -€727
down €727 (-25.3%), from €2,878 to €2,151
- Financial income +€99
new in 2025: €99
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 | €27,346 | €20,823 | -€6,523 | -23.9% |
| Fixed assets | 21/28 | €5,709 | €3,558 | -€2,151 | -37.7% |
| Tangible fixed assets | 22/27 | €5,709 | €3,558 | -€2,151 | -37.7% |
| Furniture and vehicles | 24 | €1,336 | €276 | -€1,060 | -79.3% |
| Other tangible fixed assets | 26 | €4,373 | €3,282 | -€1,091 | -25.0% |
| Current assets | 29/58 | €21,637 | €17,265 | -€4,372 | -20.2% |
| Amounts receivable within one year | 40/41 | €7,514 | €7,050 | -€464 | -6.2% |
| Trade receivables | 40 | €6,768 | €5,607 | -€1,161 | -17.1% |
| Other amounts receivable | 41 | €747 | €1,443 | +€696 | +93.3% |
| Cash at bank and in hand | 54/58 | €14,123 | €10,075 | -€4,048 | -28.7% |
| Deferred charges and accrued income | 490/1 | - | €141 | +€141 | |
| Total equity and liabilities | 10/49 | €27,346 | €20,823 | -€6,523 | -23.9% |
| Equity | 10/15 | €22,032 | €17,660 | -€4,371 | -19.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,032 | €16,660 | -€4,371 | -20.8% |
| Distributable reserves | 133 | €21,032 | €16,660 | -€4,371 | -20.8% |
| Amounts payable | 17/49 | €5,315 | €3,163 | -€2,152 | -40.5% |
| Amounts payable within one year | 42/48 | €5,315 | €3,163 | -€2,152 | -40.5% |
| Trade debts | 44 | €116 | €927 | +€811 | +699% |
| Suppliers | 440/4 | €116 | €927 | +€811 | +699% |
| Taxes, remuneration and social security | 45 | €3,613 | €2,233 | -€1,380 | -38.2% |
| Taxes | 450/3 | €3,613 | €2,233 | -€1,380 | -38.2% |
| Other amounts payable | 47/48 | €1,586 | €2 | -€1,584 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,878 | €2,151 | -€727 | -25.3% |
| Other operating charges | 640/8 | €628 | €648 | +€20 | +3.2% |
| Gross operating margin | 9900 | €9,529 | €4,658 | -€4,871 | -51.1% |
| Operating profit (loss) | 9901 | €6,023 | €1,859 | -€4,164 | -69.1% |
| Financial income | 75/76B | - | €99 | +€99 | |
| Recurring financial income | 75 | - | €99 | +€99 | |
| Financial charges | 65/66B | €40 | €126 | +€86 | +215% |
| Recurring financial charges | 65 | €40 | €126 | +€86 | +215% |
| Profit (loss) for the period before taxes | 9903 | €5,983 | €1,832 | -€4,151 | -69.4% |
| Income taxes | 67/77 | €1,853 | €804 | -€1,050 | -56.6% |
| Profit (loss) for the period | 9904 | €4,130 | €1,029 | -€3,101 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,130 | €1,029 | -€3,101 | -75.1% |
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.