JULINE: 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.
JULINE
Largest movements
- Financial fixed assets +€465,000
up €465,000 (+102.1%), from €455,636 to €920,636
- Receivables after one year +€359,036
up €359,036 (+272.6%), from €131,692 to €490,728
- Current investments -€177,460
down €177,460 (-86.4%), from €205,280 to €27,820
- Cash -€166,137
down €166,137 (-84.1%), from €197,542 to €31,405
mainly Investment in fixed assets (net) (-€477,398) and Receivables after one year (-€359,036)
- Tangible fixed assets -€24,558
down €24,558 (-4.2%), from €584,705 to €560,147
of which Furniture and vehicles: -€12,409
- Reserves +€314,724
up €314,724 (+25.5%), from €1.2m to €1.6m
of which Distributable reserves: +€315,483
- Other debts +€76,986
up €76,986 (+2577.8%), from €2,987 to €79,972
- Tax, wage and social debts +€40,326
up €40,326 (+205.0%), from €19,666 to €59,992
- Financial income +€482,730
up €482,730 (+3883.1%), from €12,431 to €495,161
- Gross operating margin -€41,829
down €41,829 (-17.0%), from €246,574 to €204,745
- Taxes +€29,797
up €29,797 (+46.1%), from €64,605 to €94,402
- Depreciation +€9,205
up €9,205 (+33.2%), from €27,750 to €36,956
- Financial charges +€8,984
up €8,984 (+107.1%), from €8,390 to €17,373
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 | €1,638,961 | €2,077,679 | +€438,717 | +26.8% |
| Fixed assets | 21/28 | €1,040,340 | €1,480,782 | +€440,442 | +42.3% |
| Tangible fixed assets | 22/27 | €584,705 | €560,147 | -€24,558 | -4.2% |
| Land and buildings | 22 | €525,671 | €513,732 | -€11,940 | -2.3% |
| Plant, machinery and equipment | 23 | €1,998 | €1,788 | -€210 | -10.5% |
| Furniture and vehicles | 24 | €57,035 | €44,627 | -€12,409 | -21.8% |
| Financial fixed assets | 28 | €455,636 | €920,636 | +€465,000 | +102.1% |
| Current assets | 29/58 | €598,621 | €596,896 | -€1,725 | -0.3% |
| Amounts receivable after more than one year | 29 | €131,692 | €490,728 | +€359,036 | +272.6% |
| Other amounts receivable | 291 | €131,692 | €490,728 | +€359,036 | +272.6% |
| Amounts receivable within one year | 40/41 | €63,475 | €44,478 | -€18,997 | -29.9% |
| Trade receivables | 40 | €62,429 | €38,561 | -€23,868 | -38.2% |
| Other amounts receivable | 41 | €1,046 | €5,917 | +€4,871 | +465.6% |
| Current investments | 50/53 | €205,280 | €27,820 | -€177,460 | -86.4% |
| Cash at bank and in hand | 54/58 | €197,542 | €31,405 | -€166,137 | -84.1% |
| Deferred charges and accrued income | 490/1 | €632 | €2,466 | +€1,834 | +290.1% |
| Total equity and liabilities | 10/49 | €1,638,961 | €2,077,679 | +€438,717 | +26.8% |
| Equity | 10/15 | €1,607,147 | €1,921,871 | +€314,724 | +19.6% |
| Contributions | 10/11 | €28,299 | €28,299 | = | 0.0% |
| Revaluation surpluses | 12 | €14,893 | €14,893 | = | 0.0% |
| Reserves | 13 | €1,235,338 | €1,550,061 | +€314,724 | +25.5% |
| Tax-exempt reserves | 132 | €21,118 | €20,360 | -€759 | -3.6% |
| Distributable reserves | 133 | €1,214,219 | €1,529,702 | +€315,483 | +26.0% |
| Profit (loss) carried forward | 14 | €328,618 | €328,618 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,085 | €817 | -€268 | -24.7% |
| Deferred taxes | 168 | €1,085 | €817 | -€268 | -24.7% |
| Amounts payable | 17/49 | €30,729 | €154,991 | +€124,262 | +404.4% |
| Amounts payable within one year | 42/48 | €23,162 | €141,071 | +€117,909 | +509.1% |
| Trade debts | 44 | €509 | €1,107 | +€598 | +117.5% |
| Suppliers | 440/4 | €509 | €1,107 | +€598 | +117.5% |
| Taxes, remuneration and social security | 45 | €19,666 | €59,992 | +€40,326 | +205.0% |
| Taxes | 450/3 | €19,666 | €59,992 | +€40,326 | +205.0% |
| Other amounts payable | 47/48 | €2,987 | €79,972 | +€76,986 | +2577.8% |
| Accrued charges and deferred income | 492/3 | €7,567 | €13,919 | +€6,352 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,750 | €36,956 | +€9,205 | +33.2% |
| Other operating charges | 640/8 | €5,009 | €4,796 | -€213 | -4.3% |
| Gross operating margin | 9900 | €246,574 | €204,745 | -€41,829 | -17.0% |
| Operating profit (loss) | 9901 | €213,814 | €162,994 | -€50,821 | -23.8% |
| Financial income | 75/76B | €12,431 | €495,161 | +€482,730 | +3883.1% |
| Recurring financial income | 75 | €12,431 | €495,161 | +€482,730 | +3883.1% |
| Financial charges | 65/66B | €8,390 | €17,373 | +€8,984 | +107.1% |
| Recurring financial charges | 65 | €8,390 | €17,373 | +€8,984 | +107.1% |
| Profit (loss) for the period before taxes | 9903 | €217,856 | €640,782 | +€422,925 | +194.1% |
| Transfer from deferred taxes | 780 | €268 | €268 | = | 0.0% |
| Income taxes | 67/77 | €64,605 | €94,402 | +€29,797 | +46.1% |
| Profit (loss) for the period | 9904 | €153,519 | €546,648 | +€393,128 | +256.1% |
| Transfer from tax-exempt reserves | 789 | €759 | €759 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €154,278 | €547,407 | +€393,128 | +254.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.