JULIEN: 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.
JULIEN
Largest movements
- Receivables within one year +€29,866
up €29,866 (+152%), from €19,703 to €49,570
of which Trade receivables: +€19,225
- Stocks and contracts +€20,157
up €20,157 (+13.1%), from €153,428 to €173,585
- Tangible fixed assets -€14,687
down €14,687 (-22.7%), from €64,741 to €50,054
- Reserves +€40,000
up €40,000 (+39.0%), from €102,500 to €142,500
- Trade debts +€18,674
up €18,674 (+102%), from €18,240 to €36,913
- Debts after one year -€11,946
down €11,946 (-100%), from €11,946 to €0
- Tax, wage and social debts -€7,235
down €7,235 (-22.9%), from €31,529 to €24,293
- Short-term financial debts -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Gross operating margin -€36,265
down €36,265 (-31.6%), from €114,686 to €78,421
- Taxes -€9,314
down €9,314 (-34.8%), from €26,739 to €17,425
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 | €344,781 | €378,423 | +€33,643 | +9.8% |
| Fixed assets | 21/28 | €64,741 | €50,054 | -€14,687 | -22.7% |
| Tangible fixed assets | 22/27 | €64,741 | €50,054 | -€14,687 | -22.7% |
| Plant, machinery and equipment | 23 | €1,725 | €946 | -€779 | -45.2% |
| Furniture and vehicles | 24 | €17,533 | €10,902 | -€6,630 | -37.8% |
| Other tangible fixed assets | 26 | €45,483 | €38,206 | -€7,278 | -16.0% |
| Current assets | 29/58 | €280,040 | €328,370 | +€48,329 | +17.3% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €153,428 | €173,585 | +€20,157 | +13.1% |
| Stocks | 30/36 | €153,428 | €173,585 | +€20,157 | +13.1% |
| Amounts receivable within one year | 40/41 | €19,703 | €49,570 | +€29,866 | +152% |
| Trade receivables | 40 | €4,124 | €23,348 | +€19,225 | +466% |
| Other amounts receivable | 41 | €15,580 | €26,222 | +€10,642 | +68.3% |
| Cash at bank and in hand | 54/58 | €9,620 | €8,471 | -€1,150 | -11.9% |
| Deferred charges and accrued income | 490/1 | €7,289 | €6,744 | -€544 | -7.5% |
| Total equity and liabilities | 10/49 | €344,781 | €378,423 | +€33,643 | +9.8% |
| Equity | 10/15 | €248,162 | €290,271 | +€42,109 | +17.0% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Reserves | 13 | €102,500 | €142,500 | +€40,000 | +39.0% |
| Distributable reserves | 133 | €102,500 | €142,500 | +€40,000 | +39.0% |
| Profit (loss) carried forward | 14 | €89,662 | €91,771 | +€2,109 | +2.4% |
| Amounts payable | 17/49 | €96,619 | €88,152 | -€8,467 | -8.8% |
| Amounts payable after more than one year | 17 | €11,946 | €0 | -€11,946 | -100% |
| Financial debts | 170/4 | €11,946 | €0 | -€11,946 | -100% |
| Amounts payable within one year | 42/48 | €84,673 | €88,152 | +€3,479 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €22,805 | €21,946 | -€859 | -3.8% |
| Financial debts | 43 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Credit institutions | 430/8 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Trade debts | 44 | €18,240 | €36,913 | +€18,674 | +102% |
| Suppliers | 440/4 | €18,240 | €36,913 | +€18,674 | +102% |
| Advances received on contracts in progress | 46 | €2,100 | €0 | -€2,100 | -100% |
| Taxes, remuneration and social security | 45 | €31,529 | €24,293 | -€7,235 | -22.9% |
| Taxes | 450/3 | €31,529 | €24,293 | -€7,235 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,428 | €14,687 | -€741 | -4.8% |
| Other operating charges | 640/8 | €6,411 | €6,079 | -€332 | -5.2% |
| Non-recurring operating charges | 66A | €129 | €0 | -€129 | -100% |
| Gross operating margin | 9900 | €114,686 | €78,421 | -€36,265 | -31.6% |
| Operating profit (loss) | 9901 | €92,719 | €57,655 | -€35,064 | -37.8% |
| Financial income | 75/76B | €6,770 | €6,527 | -€243 | -3.6% |
| Recurring financial income | 75 | €6,770 | €6,527 | -€243 | -3.6% |
| Financial charges | 65/66B | €3,749 | €4,648 | +€899 | +24.0% |
| Recurring financial charges | 65 | €3,749 | €4,648 | +€899 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €95,740 | €59,534 | -€36,206 | -37.8% |
| Income taxes | 67/77 | €26,739 | €17,425 | -€9,314 | -34.8% |
| Profit (loss) for the period | 9904 | €69,002 | €42,109 | -€26,892 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,002 | €42,109 | -€26,892 | -39.0% |
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 30 October 2026 via checked.be.