Juline VM: 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.
Juline VM
Largest movements
- Cash +€190,468
up €190,468 (+1,626%), from €11,715 to €202,183
mainly Net result for the year (+€118,770) and Tax, wage and social debts (+€40,243)
- Tangible fixed assets -€19,480
down €19,480 (-28.7%), from €67,943 to €48,463
- Profit (loss) carried forward +€118,770
up €118,770 (+53.9%), from €220,157 to €338,927
- Tax, wage and social debts +€40,243
up €40,243 (+69.3%), from €58,040 to €98,283
- Taxes +€11,432
up €11,432 (+29.3%), from €39,059 to €50,491
- Financial charges +€6,845
up €6,845 (+66.7%), from €10,268 to €17,113
- Gross operating margin +€4,810
up €4,810 (+3.2%), from €152,681 to €157,490
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 | €1,332,817 | €1,503,763 | +€170,945 | +12.8% |
| Fixed assets | 21/28 | €1,268,924 | €1,249,444 | -€19,480 | -1.5% |
| Tangible fixed assets | 22/27 | €67,943 | €48,463 | -€19,480 | -28.7% |
| Furniture and vehicles | 24 | €67,943 | €48,463 | -€19,480 | -28.7% |
| Financial fixed assets | 28 | €1,200,981 | €1,200,981 | = | 0.0% |
| Current assets | 29/58 | €63,893 | €254,318 | +€190,425 | +298% |
| Amounts receivable within one year | 40/41 | €50,045 | €50,045 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €50,045 | €50,045 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,715 | €202,183 | +€190,468 | +1,626% |
| Deferred charges and accrued income | 490/1 | €2,134 | €2,090 | -€43 | -2.0% |
| Total equity and liabilities | 10/49 | €1,332,817 | €1,503,763 | +€170,945 | +12.8% |
| Equity | 10/15 | €240,157 | €358,927 | +€118,770 | +49.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,157 | €338,927 | +€118,770 | +53.9% |
| Amounts payable | 17/49 | €1,092,660 | €1,144,835 | +€52,175 | +4.8% |
| Amounts payable within one year | 42/48 | €1,092,660 | €1,144,835 | +€52,175 | +4.8% |
| Trade debts | 44 | €573 | €2,612 | +€2,040 | +356% |
| Suppliers | 440/4 | €573 | €2,612 | +€2,040 | +356% |
| Taxes, remuneration and social security | 45 | €58,040 | €98,283 | +€40,243 | +69.3% |
| Taxes | 450/3 | €58,040 | €98,283 | +€40,243 | +69.3% |
| Other amounts payable | 47/48 | €1,034,048 | €1,043,940 | +€9,893 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,480 | €19,480 | = | 0.0% |
| Other operating charges | 640/8 | €1,027 | €1,682 | +€655 | +63.8% |
| Non-recurring operating charges | 66A | €20,049 | €0 | -€20,049 | -100% |
| Gross operating margin | 9900 | €152,681 | €157,490 | +€4,810 | +3.2% |
| Operating profit (loss) | 9901 | €112,125 | €136,329 | +€24,204 | +21.6% |
| Financial income | 75/76B | €51,294 | €50,045 | -€1,250 | -2.4% |
| Recurring financial income | 75 | €51,294 | €50,045 | -€1,250 | -2.4% |
| Financial charges | 65/66B | €10,268 | €17,113 | +€6,845 | +66.7% |
| Recurring financial charges | 65 | €10,268 | €17,113 | +€6,845 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €153,152 | €169,261 | +€16,109 | +10.5% |
| Income taxes | 67/77 | €39,059 | €50,491 | +€11,432 | +29.3% |
| Profit (loss) for the period | 9904 | €114,093 | €118,770 | +€4,677 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,093 | €118,770 | +€4,677 | +4.1% |
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 16 October 2026 via checked.be.