JULIEN PHILIPPE: what changed
Two fiscal 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 PHILIPPE
Largest movements
- Stocks and contracts +€16,240
new in 2025: €16,240
of which Stocks: +€16,225
- Cash +€15,643
up €15,643 (+33.0%), from €47,449 to €63,093
mainly Other debts (+€16,939) and Net result for the year (+€16,148)
- Tangible fixed assets -€4,084
down €4,084 (-70.0%), from €5,834 to €1,750
of which Furniture and vehicles: -€3,250
- Intangible fixed assets -€3,600
down €3,600 (-33.3%), from €10,816 to €7,216
- Deferred charges and accrued income -€2,340
down €2,340 (-25.4%), from €9,203 to €6,862
- Other debts +€16,939
up €16,939 (+27971.3%), from €61 to €17,000
- Trade debts +€15,282
up €15,282 (+310.7%), from €4,919 to €20,201
- Debts after one year -€5,530
down €5,530 (-19.8%), from €27,995 to €22,465
- Profit (loss) carried forward -€3,852
down €3,852 (-8.8%), from €44,003 to €40,151
- Tax, wage and social debts -€1,484
down €1,484 (-8.7%), from €17,002 to €15,518
- Gross operating margin -€12,345
down €12,345 (-29.1%), from €42,426 to €30,081
- Taxes -€2,289
down €2,289 (-35.9%), from €6,384 to €4,095
- Other operating charges -€521
down €521 (-44.4%), from €1,173 to €652
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.
Cash bridge derived
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 | €99,874 | €121,465 | +€21,592 | +21.6% |
| Fixed assets | 21/28 | €16,650 | €8,966 | -€7,684 | -46.1% |
| Intangible fixed assets | 21 | €10,816 | €7,216 | -€3,600 | -33.3% |
| Tangible fixed assets | 22/27 | €5,834 | €1,750 | -€4,084 | -70.0% |
| Plant, machinery and equipment | 23 | €834 | €0 | -€834 | -100.0% |
| Furniture and vehicles | 24 | €5,000 | €1,750 | -€3,250 | -65.0% |
| Current assets | 29/58 | €83,224 | €112,499 | +€29,275 | +35.2% |
| Stocks and contracts in progress | 3 | - | €16,240 | +€16,240 | |
| Stocks | 30/36 | - | €16,225 | +€16,225 | |
| Contracts in progress | 37 | - | €15 | +€15 | |
| Amounts receivable within one year | 40/41 | €26,572 | €26,304 | -€267 | -1.0% |
| Trade receivables | 40 | €25,812 | €25,107 | -€704 | -2.7% |
| Other amounts receivable | 41 | €760 | €1,197 | +€437 | +57.6% |
| Cash at bank and in hand | 54/58 | €47,449 | €63,093 | +€15,643 | +33.0% |
| Deferred charges and accrued income | 490/1 | €9,203 | €6,862 | -€2,340 | -25.4% |
| Total equity and liabilities | 10/49 | €99,874 | €121,465 | +€21,592 | +21.6% |
| Equity | 10/15 | €44,603 | €40,751 | -€3,852 | -8.6% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,003 | €40,151 | -€3,852 | -8.8% |
| Amounts payable | 17/49 | €55,271 | €80,714 | +€25,443 | +46.0% |
| Amounts payable after more than one year | 17 | €27,995 | €22,465 | -€5,530 | -19.8% |
| Financial debts | 170/4 | €27,995 | €22,465 | -€5,530 | -19.8% |
| Amounts payable within one year | 42/48 | €27,276 | €58,249 | +€30,973 | +113.6% |
| Current portion of amounts payable after more than one year | 42 | €5,294 | €5,530 | +€235 | +4.4% |
| Trade debts | 44 | €4,919 | €20,201 | +€15,282 | +310.7% |
| Suppliers | 440/4 | €4,919 | €20,201 | +€15,282 | +310.7% |
| Taxes, remuneration and social security | 45 | €17,002 | €15,518 | -€1,484 | -8.7% |
| Taxes | 450/3 | €17,002 | €15,518 | -€1,484 | -8.7% |
| Other amounts payable | 47/48 | €61 | €17,000 | +€16,939 | +27971.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,683 | €7,684 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,173 | €652 | -€521 | -44.4% |
| Gross operating margin | 9900 | €42,426 | €30,081 | -€12,345 | -29.1% |
| Operating profit (loss) | 9901 | €33,570 | €21,746 | -€11,824 | -35.2% |
| Financial income | 75/76B | €0 | €25 | +€25 | +248500.0% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +248500.0% |
| Financial charges | 65/66B | €1,792 | €1,528 | -€264 | -14.7% |
| Recurring financial charges | 65 | €1,792 | €1,528 | -€264 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €31,778 | €20,243 | -€11,535 | -36.3% |
| Income taxes | 67/77 | €6,384 | €4,095 | -€2,289 | -35.9% |
| Profit (loss) for the period | 9904 | €25,395 | €16,148 | -€9,246 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,395 | €16,148 | -€9,246 | -36.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.