Julie V.T.: what changed
What changed
Julie V.T.
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€225,008
2024 · -€89,341-€135,667
Equity
€7.8m
2024 · €8.0m-€225,008
Cash
€109,313
2024 · €1.5m-€1.4m
Balance sheet total
€14.4m
2024 · €14.2m+€159,931
Largest movements
Assets
- Current investments +€3.6m
up €3.6m (+1,734%), from €207,708 to €3.8m
- Receivables after one year -€2.0m
down €2.0m (-53.0%), from €3.7m to €1.8m
- Cash -€1.4m
down €1.4m (-92.7%), from €1.5m to €109,313
mainly Current investments (-€3.6m) and Net result for the year (-€225,008)
Equity and liabilities
- Provisions +€385,935
up €385,935 (+6.3%), from €6.1m to €6.5m
- Profit (loss) carried forward -€225,008
down €225,008 (-2.8%), from €8.0m to €7.8m
Income statement
- Financial income -€122,296
down €122,296 (-47.7%), from €256,632 to €134,336
- Financial charges +€96,194
up €96,194 (+29.9%), from €321,239 to €417,433
- Gross operating margin +€89,992
up €89,992 (+455%), from €19,769 to €109,760
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.
Result 2024
-€89,341
Gross operating margin
+€89,992
Other operating charges
-€58
Other operating items
-€7,110
Financial income
-€122,296
Financial charges
-€96,194
Result 2025
-€225,008
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.2m
Investment
-€3.6m
Financing
€0
Cash 2024
€1.5m
From operations (derived)
+€2.2m
Net result for the year
-€225,008
Depreciation
+€11,821
Receivables after one year
+€2.0m
Receivables within one year
+€60,874
Smaller working-capital items
+€570
Provisions
+€385,935
Investment (derived)
-€3.6m
Current investments
-€3.6m
Cash 2025
€109,313
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,216,553 | €14,376,484 | +€159,931 | +1.1% |
| Fixed assets | 21/28 | €8,583,148 | €8,571,328 | -€11,821 | -0.1% |
| Tangible fixed assets | 22/27 | €181,728 | €169,908 | -€11,821 | -6.5% |
| Land and buildings | 22 | €181,728 | €169,908 | -€11,821 | -6.5% |
| Financial fixed assets | 28 | €8,401,420 | €8,401,420 | = | 0.0% |
| Current assets | 29/58 | €5,633,405 | €5,805,156 | +€171,752 | +3.0% |
| Amounts receivable after more than one year | 29 | €3,720,282 | €1,750,000 | -€2.0m | -53.0% |
| Other amounts receivable | 291 | €3,720,282 | €1,750,000 | -€2.0m | -53.0% |
| Amounts receivable within one year | 40/41 | €81,273 | €20,399 | -€60,874 | -74.9% |
| Trade receivables | 40 | €612 | €5,612 | +€5,000 | +816% |
| Other amounts receivable | 41 | €80,660 | €14,786 | -€65,874 | -81.7% |
| Current investments | 50/53 | €207,708 | €3,810,223 | +€3.6m | +1,734% |
| Cash at bank and in hand | 54/58 | €1,507,355 | €109,313 | -€1.4m | -92.7% |
| Deferred charges and accrued income | 490/1 | €116,788 | €115,221 | -€1,567 | -1.3% |
| Total equity and liabilities | 10/49 | €14,216,553 | €14,376,484 | +€159,931 | +1.1% |
| Equity | 10/15 | €8,042,102 | €7,817,094 | -€225,008 | -2.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €34,746 | €34,746 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,891 | €32,891 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,988,805 | €7,763,797 | -€225,008 | -2.8% |
| Provisions and deferred taxes | 16 | €6,124,679 | €6,510,614 | +€385,935 | +6.3% |
| Provisions for liabilities and charges | 160/5 | €6,124,679 | €6,510,614 | +€385,935 | +6.3% |
| Major repairs and maintenance | 162 | €60,500 | €63,750 | +€3,250 | +5.4% |
| Other liabilities and charges | 164/5 | €6,064,179 | €6,446,864 | +€382,685 | +6.3% |
| Amounts payable | 17/49 | €49,772 | €48,776 | -€996 | -2.0% |
| Amounts payable within one year | 42/48 | €83 | €6,134 | +€6,051 | +7,271% |
| Trade debts | 44 | €83 | €6,134 | +€6,051 | +7,271% |
| Suppliers | 440/4 | €83 | €6,134 | +€6,051 | +7,271% |
| Accrued charges and deferred income | 492/3 | €49,689 | €42,642 | -€7,047 | -14.2% |
| Non-recurring operating income | 76A | €31,571 | €64,070 | +€32,499 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,821 | €11,821 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,250 | €3,250 | = | 0.0% |
| Other operating charges | 640/8 | €1,837 | €1,896 | +€58 | +3.2% |
| Non-recurring operating charges | 66A | €27,595 | €34,705 | +€7,110 | +25.8% |
| Gross operating margin | 9900 | €19,769 | €109,760 | +€89,992 | +455% |
| Operating profit (loss) | 9901 | -€24,735 | €58,089 | +€82,824 | |
| Financial income | 75/76B | €256,632 | €134,336 | -€122,296 | -47.7% |
| Recurring financial income | 75 | €256,632 | €134,336 | -€122,296 | -47.7% |
| Financial charges | 65/66B | €321,239 | €417,433 | +€96,194 | +29.9% |
| Recurring financial charges | 65 | €321,239 | €417,433 | +€96,194 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | -€89,341 | -€225,008 | -€135,667 | -152% |
| Profit (loss) for the period | 9904 | -€89,341 | -€225,008 | -€135,667 | -152% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,341 | -€225,008 | -€135,667 | -152% |
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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 7 November 2026 via checked.be.