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
- Cash +€41,664
up €41,664 (+115%), from €36,123 to €77,787
mainly Receivables within one year (+€20,319) and Net result for the year (+€17,351)
- Receivables after one year +€31,439
up €31,439 (+42.6%), from €73,874 to €105,313
- Receivables within one year -€20,319
down €20,319 (-63.1%), from €32,214 to €11,895
of which Other amounts receivable: -€16,397
- Stocks and contracts -€17,250
down €17,250 (-97.2%), from €17,750 to €500
of which Stocks: -€9,750
- Tangible fixed assets -€13,590
down €13,590 (-10.3%), from €131,436 to €117,846
- Reserves +€17,351
up €17,351 (+12.3%), from €140,991 to €158,342
of which Distributable reserves: +€17,351
- Advances received +€12,000
new in 2025: €12,000
- Debts after one year -€10,365
down €10,365 (-14.7%), from €70,674 to €60,309
- Current portion of long-term debt -€4,658
down €4,658 (-28.3%), from €16,467 to €11,809
- Tax, wage and social debts +€4,148
up €4,148 (+120%), from €3,447 to €7,595
- Gross operating margin +€9,557
up €9,557 (+29.1%), from €32,836 to €42,393
- Other operating charges +€3,215
up €3,215 (+275%), from €1,168 to €4,383
- Taxes +€2,069
up €2,069 (+44.1%), from €4,695 to €6,764
- Financial income +€1,563
up €1,563 (+2,057%), from €76 to €1,639
- Depreciation +€531
up €531 (+4.1%), from €13,059 to €13,590
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 | €299,203 | €317,567 | +€18,364 | +6.1% |
| Fixed assets | 21/28 | €131,436 | €117,846 | -€13,590 | -10.3% |
| Tangible fixed assets | 22/27 | €131,436 | €117,846 | -€13,590 | -10.3% |
| Land and buildings | 22 | €114,107 | €109,394 | -€4,713 | -4.1% |
| Plant, machinery and equipment | 23 | €6,638 | €3,398 | -€3,240 | -48.8% |
| Furniture and vehicles | 24 | €583 | - | -€583 | |
| Leasing and similar rights | 25 | €10,108 | €5,054 | -€5,054 | -50.0% |
| Current assets | 29/58 | €167,767 | €199,721 | +€31,954 | +19.0% |
| Amounts receivable after more than one year | 29 | €73,874 | €105,313 | +€31,439 | +42.6% |
| Other amounts receivable | 291 | €73,874 | €105,313 | +€31,439 | +42.6% |
| Stocks and contracts in progress | 3 | €17,750 | €500 | -€17,250 | -97.2% |
| Stocks | 30/36 | €10,250 | €500 | -€9,750 | -95.1% |
| Contracts in progress | 37 | €7,500 | - | -€7,500 | |
| Amounts receivable within one year | 40/41 | €32,214 | €11,895 | -€20,319 | -63.1% |
| Trade receivables | 40 | €15,074 | €11,152 | -€3,922 | -26.0% |
| Other amounts receivable | 41 | €17,140 | €743 | -€16,397 | -95.7% |
| Cash at bank and in hand | 54/58 | €36,123 | €77,787 | +€41,664 | +115% |
| Deferred charges and accrued income | 490/1 | €7,806 | €4,226 | -€3,580 | -45.9% |
| Total equity and liabilities | 10/49 | €299,203 | €317,567 | +€18,364 | +6.1% |
| Equity | 10/15 | €202,020 | €219,371 | +€17,351 | +8.6% |
| Contributions | 10/11 | €61,029 | €61,029 | = | 0.0% |
| Reserves | 13 | €140,991 | €158,342 | +€17,351 | +12.3% |
| Tax-exempt reserves | 132 | €3,909 | €3,909 | = | 0.0% |
| Distributable reserves | 133 | €137,082 | €154,433 | +€17,351 | +12.7% |
| Amounts payable | 17/49 | €97,183 | €98,196 | +€1,013 | +1.0% |
| Amounts payable after more than one year | 17 | €70,674 | €60,309 | -€10,365 | -14.7% |
| Financial debts | 170/4 | €70,674 | €60,309 | -€10,365 | -14.7% |
| Amounts payable within one year | 42/48 | €26,509 | €37,887 | +€11,378 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €16,467 | €11,809 | -€4,658 | -28.3% |
| Financial debts | 43 | €1,579 | €1,238 | -€341 | -21.6% |
| Credit institutions | 430/8 | €1,579 | €1,238 | -€341 | -21.6% |
| Trade debts | 44 | €5,016 | €5,245 | +€229 | +4.6% |
| Suppliers | 440/4 | €5,016 | €5,245 | +€229 | +4.6% |
| Advances received on contracts in progress | 46 | - | €12,000 | +€12,000 | |
| Taxes, remuneration and social security | 45 | €3,447 | €7,595 | +€4,148 | +120% |
| Taxes | 450/3 | €3,447 | €7,595 | +€4,148 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,059 | €13,590 | +€531 | +4.1% |
| Other operating charges | 640/8 | €1,168 | €4,383 | +€3,215 | +275% |
| Gross operating margin | 9900 | €32,836 | €42,393 | +€9,557 | +29.1% |
| Operating profit (loss) | 9901 | €18,609 | €24,420 | +€5,811 | +31.2% |
| Financial income | 75/76B | €76 | €1,639 | +€1,563 | +2,057% |
| Recurring financial income | 75 | €76 | €1,639 | +€1,563 | +2,057% |
| Financial charges | 65/66B | €1,928 | €1,944 | +€16 | +0.8% |
| Recurring financial charges | 65 | €1,928 | €1,944 | +€16 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €16,757 | €24,115 | +€7,358 | +43.9% |
| Income taxes | 67/77 | €4,695 | €6,764 | +€2,069 | +44.1% |
| Profit (loss) for the period | 9904 | €12,062 | €17,351 | +€5,289 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,062 | €17,351 | +€5,289 | +43.8% |
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 18 October 2026 via checked.be.