JULIES: 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.
JULIES
Largest movements
- Tangible fixed assets -€55,841
down €55,841 (-6.6%), from €848,328 to €792,486
of which Land and buildings: -€54,213
- Cash +€17,790
up €17,790 (+191%), from €9,302 to €27,092
mainly Depreciation (+€55,841) and Other debts (+€45,565)
- Receivables within one year +€11,691
up €11,691 (+110%), from €10,658 to €22,348
of which Trade receivables: +€7,177
- Debts after one year -€64,659
down €64,659 (-19.5%), from €332,012 to €267,354
- Other debts +€45,565
up €45,565 (+41.3%), from €110,388 to €155,953
- Provisions -€10,762
down €10,762 (-14.2%), from €76,016 to €65,254
- Gross operating margin +€11,508
up €11,508 (+19.0%), from €60,418 to €71,926
- Other operating charges +€8,636
up €8,636 (+175%), from €4,930 to €13,566
- Taxes +€3,198
up €3,198 (+40.6%), from €7,872 to €11,071
- Financial charges -€746
down €746 (-9.8%), from €7,636 to €6,890
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 | €868,288 | €841,926 | -€26,361 | -3.0% |
| Fixed assets | 21/28 | €848,328 | €792,486 | -€55,841 | -6.6% |
| Tangible fixed assets | 22/27 | €848,328 | €792,486 | -€55,841 | -6.6% |
| Land and buildings | 22 | €845,359 | €791,146 | -€54,213 | -6.4% |
| Plant, machinery and equipment | 23 | €2,443 | €1,166 | -€1,278 | -52.3% |
| Furniture and vehicles | 24 | €526 | €175 | -€350 | -66.7% |
| Current assets | 29/58 | €19,960 | €49,440 | +€29,480 | +148% |
| Amounts receivable within one year | 40/41 | €10,658 | €22,348 | +€11,691 | +110% |
| Trade receivables | 40 | €9,515 | €16,692 | +€7,177 | +75.4% |
| Other amounts receivable | 41 | €1,143 | €5,657 | +€4,514 | +395% |
| Cash at bank and in hand | 54/58 | €9,302 | €27,092 | +€17,790 | +191% |
| Total equity and liabilities | 10/49 | €868,288 | €841,926 | -€26,361 | -3.0% |
| Equity | 10/15 | €281,675 | €276,875 | -€4,800 | -1.7% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €269,475 | €264,675 | -€4,800 | -1.8% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €148,419 | €127,520 | -€20,900 | -14.1% |
| Distributable reserves | 133 | €119,056 | €137,155 | +€18,099 | +15.2% |
| Provisions and deferred taxes | 16 | €76,016 | €65,254 | -€10,762 | -14.2% |
| Deferred taxes | 168 | €76,016 | €65,254 | -€10,762 | -14.2% |
| Amounts payable | 17/49 | €510,597 | €499,798 | -€10,799 | -2.1% |
| Amounts payable after more than one year | 17 | €332,012 | €267,354 | -€64,659 | -19.5% |
| Financial debts | 170/4 | €332,012 | €267,354 | -€64,659 | -19.5% |
| Amounts payable within one year | 42/48 | €178,584 | €229,166 | +€50,582 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €63,270 | €63,270 | +€0 | 0.0% |
| Trade debts | 44 | €3,659 | €6,580 | +€2,921 | +79.9% |
| Suppliers | 440/4 | €3,659 | €6,580 | +€2,921 | +79.9% |
| Taxes, remuneration and social security | 45 | €1,268 | €3,363 | +€2,095 | +165% |
| Taxes | 450/3 | €1,268 | €3,363 | +€2,095 | +165% |
| Other amounts payable | 47/48 | €110,388 | €155,953 | +€45,565 | +41.3% |
| Accrued charges and deferred income | 492/3 | - | €3,278 | +€3,278 | |
| Non-recurring operating income | 76A | - | €18,595 | +€18,595 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,113 | €55,841 | -€272 | -0.5% |
| Other operating charges | 640/8 | €4,930 | €13,566 | +€8,636 | +175% |
| Non-recurring operating charges | 66A | €150 | €205 | +€55 | +36.6% |
| Gross operating margin | 9900 | €60,418 | €71,926 | +€11,508 | +19.0% |
| Operating profit (loss) | 9901 | -€775 | €2,314 | +€3,089 | |
| Financial income | 75/76B | €63 | €84 | +€21 | +33.0% |
| Recurring financial income | 75 | €63 | €84 | +€21 | +33.0% |
| Financial charges | 65/66B | €7,636 | €6,890 | -€746 | -9.8% |
| Recurring financial charges | 65 | €7,636 | €6,890 | -€746 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,347 | -€4,492 | +€3,856 | +46.2% |
| Transfer from deferred taxes | 780 | €10,762 | €10,762 | = | 0.0% |
| Income taxes | 67/77 | €7,872 | €11,071 | +€3,198 | +40.6% |
| Profit (loss) for the period | 9904 | -€5,458 | -€4,800 | +€658 | +12.0% |
| Transfer from tax-exempt reserves | 789 | €20,900 | €20,900 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,442 | €16,099 | +€658 | +4.3% |
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 17 October 2026 via checked.be.