Julien Colson: 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 Colson
Largest movements
- Cash +€18,463
up €18,463 (+40.2%), from €45,963 to €64,426
mainly Net result for the year (+€19,829) and Accrued charges and deferred income (+€190)
- Reserves +€18,797
up €18,797 (+139%), from €13,561 to €32,358
- Tax, wage and social debts -€1,203
down €1,203 (-11.3%), from €10,692 to €9,489
- Profit (loss) carried forward +€1,032
up €1,032 (+5.5%), from €18,797 to €19,829
- Gross operating margin +€1,478
up €1,478 (+6.1%), from €24,189 to €25,667
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 | €45,963 | €64,780 | +€18,816 | +40.9% |
| Current assets | 29/58 | €45,963 | €64,780 | +€18,816 | +40.9% |
| Amounts receivable within one year | 40/41 | - | €354 | +€354 | |
| Trade receivables | 40 | - | €354 | +€354 | |
| Cash at bank and in hand | 54/58 | €45,963 | €64,426 | +€18,463 | +40.2% |
| Total equity and liabilities | 10/49 | €45,963 | €64,780 | +€18,816 | +40.9% |
| Equity | 10/15 | €34,358 | €54,187 | +€19,829 | +57.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,561 | €32,358 | +€18,797 | +139% |
| Distributable reserves | 133 | €13,561 | €32,358 | +€18,797 | +139% |
| Profit (loss) carried forward | 14 | €18,797 | €19,829 | +€1,032 | +5.5% |
| Amounts payable | 17/49 | €11,605 | €10,593 | -€1,013 | -8.7% |
| Amounts payable within one year | 42/48 | €10,855 | €9,653 | -€1,202 | -11.1% |
| Trade debts | 44 | €27 | €27 | +€1 | +2.4% |
| Suppliers | 440/4 | €27 | €27 | +€1 | +2.4% |
| Taxes, remuneration and social security | 45 | €10,692 | €9,489 | -€1,203 | -11.3% |
| Taxes | 450/3 | €10,692 | €9,489 | -€1,203 | -11.3% |
| Other amounts payable | 47/48 | €137 | €137 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €750 | €940 | +€190 | +25.3% |
| Other operating charges | 640/8 | €467 | €716 | +€248 | +53.1% |
| Gross operating margin | 9900 | €24,189 | €25,667 | +€1,478 | +6.1% |
| Operating profit (loss) | 9901 | €23,722 | €24,951 | +€1,230 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €23,722 | €24,951 | +€1,230 | +5.2% |
| Income taxes | 67/77 | €4,925 | €5,122 | +€198 | +4.0% |
| Profit (loss) for the period | 9904 | €18,797 | €19,829 | +€1,032 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,797 | €19,829 | +€1,032 | +5.5% |
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 14 October 2026 via checked.be.