Julien Calande: what changed
Julien Calande
Largest movements
- Cash +€15,093
up €15,093 (+45.3%), from €33,323 to €48,416
mainly Net result for the year (+€34,743) and Depreciation (+€27,065)
- Tangible fixed assets -€12,442
down €12,442 (-13.1%), from €95,324 to €82,881
of which Furniture and vehicles: -€9,196
- Receivables within one year -€9,922
down €9,922 (-19.2%), from €51,689 to €41,767
of which Trade receivables: -€10,686
- Reserves +€34,743
up €34,743 (+43.4%), from €80,093 to €114,836
- Tax, wage and social debts -€15,957
down €15,957 (-55.9%), from €28,531 to €12,574
- Other debts -€12,138
down €12,138 (-36.8%), from €33,019 to €20,881
- Current portion of long-term debt -€11,089
down €11,089 (-30.3%), from €36,582 to €25,493
- Gross operating margin +€4,774
up €4,774 (+6.3%), from €75,800 to €80,574
- Depreciation +€3,548
up €3,548 (+15.1%), from €23,518 to €27,065
- Other operating charges +€819
up €819 (+72.3%), from €1,133 to €1,952
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 | €182,314 | €175,516 | -€6,798 | -3.7% |
| Fixed assets | 21/28 | €95,324 | €82,881 | -€12,442 | -13.1% |
| Tangible fixed assets | 22/27 | €95,324 | €82,881 | -€12,442 | -13.1% |
| Plant, machinery and equipment | 23 | €11,864 | €8,774 | -€3,089 | -26.0% |
| Furniture and vehicles | 24 | €81,945 | €72,749 | -€9,196 | -11.2% |
| Other tangible fixed assets | 26 | €1,515 | €1,358 | -€157 | -10.4% |
| Current assets | 29/58 | €86,991 | €92,635 | +€5,644 | +6.5% |
| Amounts receivable within one year | 40/41 | €51,689 | €41,767 | -€9,922 | -19.2% |
| Trade receivables | 40 | €51,689 | €41,003 | -€10,686 | -20.7% |
| Other amounts receivable | 41 | - | €764 | +€764 | |
| Cash at bank and in hand | 54/58 | €33,323 | €48,416 | +€15,093 | +45.3% |
| Deferred charges and accrued income | 490/1 | €1,979 | €2,452 | +€473 | +23.9% |
| Total equity and liabilities | 10/49 | €182,314 | €175,516 | -€6,798 | -3.7% |
| Equity | 10/15 | €81,593 | €116,336 | +€34,743 | +42.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €80,093 | €114,836 | +€34,743 | +43.4% |
| Distributable reserves | 133 | €80,093 | €114,836 | +€34,743 | +43.4% |
| Amounts payable | 17/49 | €100,721 | €59,180 | -€41,541 | -41.2% |
| Amounts payable within one year | 42/48 | €99,858 | €59,180 | -€40,678 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €36,582 | €25,493 | -€11,089 | -30.3% |
| Trade debts | 44 | €1,726 | €232 | -€1,494 | -86.6% |
| Suppliers | 440/4 | €1,726 | €232 | -€1,494 | -86.6% |
| Taxes, remuneration and social security | 45 | €28,531 | €12,574 | -€15,957 | -55.9% |
| Taxes | 450/3 | €28,531 | €12,574 | -€15,957 | -55.9% |
| Other amounts payable | 47/48 | €33,019 | €20,881 | -€12,138 | -36.8% |
| Accrued charges and deferred income | 492/3 | €863 | - | -€863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,518 | €27,065 | +€3,548 | +15.1% |
| Other operating charges | 640/8 | €1,133 | €1,952 | +€819 | +72.3% |
| Gross operating margin | 9900 | €75,800 | €80,574 | +€4,774 | +6.3% |
| Operating profit (loss) | 9901 | €51,149 | €51,556 | +€407 | +0.8% |
| Financial income | 75/76B | €24 | €25 | +€0 | +1.2% |
| Recurring financial income | 75 | €24 | €25 | +€0 | +1.2% |
| Financial charges | 65/66B | €3,235 | €2,602 | -€633 | -19.6% |
| Recurring financial charges | 65 | €3,235 | €2,602 | -€633 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €47,938 | €48,979 | +€1,041 | +2.2% |
| Income taxes | 67/77 | €13,667 | €14,236 | +€569 | +4.2% |
| Profit (loss) for the period | 9904 | €34,271 | €34,743 | +€472 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,271 | €34,743 | +€472 | +1.4% |
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 7 November 2026 via checked.be.