Julien Cayman: 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 Cayman
Largest movements
- Receivables within one year +€15,171
up €15,171 (+24.3%), from €62,382 to €77,554
of which Trade receivables: +€8,871
- Tangible fixed assets -€4,382
down €4,382 (-19.0%), from €23,010 to €18,628
- Other debts -€13,470
no longer reported in 2025 (was €13,470)
- Tax, wage and social debts +€9,148
up €9,148 (+233%), from €3,930 to €13,078
- Reserves +€9,127
up €9,127 (+491%), from €1,860 to €10,987
of which Distributable reserves: +€9,127
- Trade debts +€5,723
up €5,723 (+439%), from €1,305 to €7,028
- Gross operating margin -€7,143
down €7,143 (-31.9%), from €22,396 to €15,253
- Depreciation -€2,018
down €2,018 (-36.4%), from €5,550 to €3,532
- Other operating charges -€649
down €649 (-44.7%), from €1,452 to €803
- Financial income +€340
up €340 (+12.3%), from €2,772 to €3,112
- Financial charges +€255
up €255 (+325%), from €79 to €333
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 | €91,033 | €101,561 | +€10,529 | +11.6% |
| Fixed assets | 21/28 | €23,035 | €18,653 | -€4,382 | -19.0% |
| Tangible fixed assets | 22/27 | €23,010 | €18,628 | -€4,382 | -19.0% |
| Plant, machinery and equipment | 23 | €1,818 | €1,591 | -€227 | -12.5% |
| Furniture and vehicles | 24 | €3,010 | €902 | -€2,108 | -70.0% |
| Other tangible fixed assets | 26 | €18,182 | €16,135 | -€2,047 | -11.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €67,998 | €82,908 | +€14,910 | +21.9% |
| Amounts receivable within one year | 40/41 | €62,382 | €77,554 | +€15,171 | +24.3% |
| Trade receivables | 40 | €10,612 | €19,483 | +€8,871 | +83.6% |
| Other amounts receivable | 41 | €51,770 | €58,071 | +€6,301 | +12.2% |
| Cash at bank and in hand | 54/58 | €5,615 | €5,354 | -€261 | -4.6% |
| Total equity and liabilities | 10/49 | €91,033 | €101,561 | +€10,529 | +11.6% |
| Equity | 10/15 | €72,328 | €81,455 | +€9,127 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €10,987 | +€9,127 | +491% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €9,127 | +€9,127 | |
| Profit (loss) carried forward | 14 | €51,868 | €51,868 | = | 0.0% |
| Amounts payable | 17/49 | €18,705 | €20,106 | +€1,402 | +7.5% |
| Amounts payable within one year | 42/48 | €18,705 | €20,106 | +€1,402 | +7.5% |
| Trade debts | 44 | €1,305 | €7,028 | +€5,723 | +439% |
| Suppliers | 440/4 | €1,305 | €7,028 | +€5,723 | +439% |
| Taxes, remuneration and social security | 45 | €3,930 | €13,078 | +€9,148 | +233% |
| Taxes | 450/3 | €3,930 | €13,078 | +€9,148 | +233% |
| Other amounts payable | 47/48 | €13,470 | - | -€13,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,550 | €3,532 | -€2,018 | -36.4% |
| Other operating charges | 640/8 | €1,452 | €803 | -€649 | -44.7% |
| Non-recurring operating charges | 66A | - | €23 | +€23 | |
| Gross operating margin | 9900 | €22,396 | €15,253 | -€7,143 | -31.9% |
| Operating profit (loss) | 9901 | €15,393 | €10,894 | -€4,499 | -29.2% |
| Financial income | 75/76B | €2,772 | €3,112 | +€340 | +12.3% |
| Recurring financial income | 75 | €2,772 | €3,112 | +€340 | +12.3% |
| Financial charges | 65/66B | €79 | €333 | +€255 | +325% |
| Recurring financial charges | 65 | €79 | €333 | +€255 | +325% |
| Profit (loss) for the period before taxes | 9903 | €18,087 | €13,673 | -€4,414 | -24.4% |
| Income taxes | 67/77 | €4,617 | €4,546 | -€71 | -1.5% |
| Profit (loss) for the period | 9904 | €13,470 | €9,127 | -€4,343 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,470 | €9,127 | -€4,343 | -32.2% |
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 25 October 2026 via checked.be.