JULIET: 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.
JULIET
Largest movements
- Cash +€89,530
up €89,530 (+178.8%), from €50,078 to €139,608
mainly Net result for the year (+€70,781) and Tax, wage and social debts (+€21,620)
- Current investments +€9,709
new in 2025: €9,709
- Tangible fixed assets -€7,997
down €7,997 (-52.1%), from €15,358 to €7,361
of which Furniture and vehicles: -€6,517
- Reserves +€70,781
up €70,781 (+129.3%), from €54,753 to €125,534
- Tax, wage and social debts +€21,620
up €21,620 (+283.2%), from €7,633 to €29,253
of which Taxes: +€21,330
- Gross operating margin +€70,619
up €70,619 (+182.5%), from €38,703 to €109,322
- Taxes +€13,577
up €13,577 (+177.9%), from €7,633 to €21,211
- Staff costs +€3,780
up €3,780 (+456.2%), from €829 to €4,609
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 | €68,530 | €160,374 | +€91,844 | +134.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,958 | €7,961 | -€7,997 | -50.1% |
| Tangible fixed assets | 22/27 | €15,358 | €7,361 | -€7,997 | -52.1% |
| Plant, machinery and equipment | 23 | €2,186 | €706 | -€1,480 | -67.7% |
| Furniture and vehicles | 24 | €13,172 | €6,655 | -€6,517 | -49.5% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €52,572 | €152,413 | +€99,841 | +189.9% |
| Amounts receivable within one year | 40/41 | €698 | - | -€698 | |
| Trade receivables | 40 | €698 | - | -€698 | |
| Current investments | 50/53 | - | €9,709 | +€9,709 | |
| Cash at bank and in hand | 54/58 | €50,078 | €139,608 | +€89,530 | +178.8% |
| Deferred charges and accrued income | 490/1 | €1,796 | €3,096 | +€1,300 | +72.4% |
| Total equity and liabilities | 10/49 | €68,530 | €160,374 | +€91,844 | +134.0% |
| Equity | 10/15 | €57,753 | €128,534 | +€70,781 | +122.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,753 | €125,534 | +€70,781 | +129.3% |
| Distributable reserves | 133 | €54,753 | €125,534 | +€70,781 | +129.3% |
| Amounts payable | 17/49 | €10,777 | €31,840 | +€21,063 | +195.4% |
| Amounts payable within one year | 42/48 | €9,868 | €31,840 | +€21,972 | +222.7% |
| Trade debts | 44 | €179 | €387 | +€207 | +115.6% |
| Suppliers | 440/4 | €179 | €387 | +€207 | +115.6% |
| Taxes, remuneration and social security | 45 | €7,633 | €29,253 | +€21,620 | +283.2% |
| Taxes | 450/3 | €7,633 | €28,964 | +€21,330 | +279.4% |
| Remuneration and social security | 454/9 | - | €289 | +€289 | |
| Other amounts payable | 47/48 | €2,055 | €2,201 | +€146 | +7.1% |
| Accrued charges and deferred income | 492/3 | €910 | - | -€910 | |
| Remuneration, social security and pensions | 62 | €829 | €4,609 | +€3,780 | +456.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,924 | €11,417 | +€492 | +4.5% |
| Other operating charges | 640/8 | €358 | €1,014 | +€656 | +183.0% |
| Gross operating margin | 9900 | €38,703 | €109,322 | +€70,619 | +182.5% |
| Operating profit (loss) | 9901 | €26,592 | €92,283 | +€65,691 | +247.0% |
| Financial income | 75/76B | €2 | €50 | +€48 | +2444.4% |
| Recurring financial income | 75 | €2 | €50 | +€48 | +2444.4% |
| Financial charges | 65/66B | €44 | €341 | +€298 | +681.9% |
| Recurring financial charges | 65 | €44 | €341 | +€298 | +681.9% |
| Profit (loss) for the period before taxes | 9903 | €26,550 | €91,992 | +€65,442 | +246.5% |
| Income taxes | 67/77 | €7,633 | €21,211 | +€13,577 | +177.9% |
| Profit (loss) for the period | 9904 | €18,917 | €70,781 | +€51,864 | +274.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,917 | €70,781 | +€51,864 | +274.2% |
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 8 October 2026 via checked.be.