JULIVIER: 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.
What changed
JULIVIER
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€93
2024 · €1,568-€1,475
Equity
€151,719
2024 · €151,626+€93
Cash
€4,206
2024 · €5,496-€1,290
Balance sheet total
€277,896
2024 · €288,983-€11,088
Largest movements
Assets
- Tangible fixed assets -€10,836
down €10,836 (-3.8%), from €282,375 to €271,540
of which Land and buildings: -€13,546
Equity and liabilities
- Debts after one year -€13,627
down €13,627 (-27.2%), from €50,077 to €36,450
Income statement
- Taxes +€704
up €704 (+533%), from €132 to €836
- Gross operating margin -€573
down €573 (-2.6%), from €21,844 to €21,271
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.
Result 2024
€1,568
Gross operating margin
-€573
Depreciation
-€139
Other operating charges
-€136
Financial charges
+€77
Taxes
-€704
Result 2025
€93
raises the resultlowers the result
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.
From operations
+€13,032
Investment
-€2,849
Financing
-€11,473
Cash 2024
€5,496
From operations (derived)
+€13,032
Net result for the year
+€93
Depreciation
+€13,685
Receivables within one year
-€1,038
Provisions
-€2,273
Trade debts
-€695
Tax, wage and social debts
+€836
Other debts
+€1,815
Accrued charges and deferred income
+€609
Investment (derived)
-€2,849
Investment in fixed assets (net)
-€2,849
Financing
-€11,473
Debts after one year
-€13,627
Current portion of long-term debt
+€2,154
Cash 2025
€4,206
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,983 | €277,896 | -€11,088 | -3.8% |
| Fixed assets | 21/28 | €282,375 | €271,540 | -€10,836 | -3.8% |
| Tangible fixed assets | 22/27 | €282,375 | €271,540 | -€10,836 | -3.8% |
| Land and buildings | 22 | €282,375 | €268,830 | -€13,546 | -4.8% |
| Furniture and vehicles | 24 | - | €2,710 | +€2,710 | |
| Current assets | 29/58 | €6,608 | €6,356 | -€252 | -3.8% |
| Amounts receivable within one year | 40/41 | €1,112 | €2,150 | +€1,038 | +93.3% |
| Trade receivables | 40 | - | €1,105 | +€1,105 | |
| Other amounts receivable | 41 | €1,112 | €1,045 | -€67 | -6.1% |
| Cash at bank and in hand | 54/58 | €5,496 | €4,206 | -€1,290 | -23.5% |
| Total equity and liabilities | 10/49 | €288,983 | €277,896 | -€11,088 | -3.8% |
| Equity | 10/15 | €151,626 | €151,719 | +€93 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,976 | €125,058 | +€82 | +0.1% |
| Tax-exempt reserves | 132 | €104,785 | €97,966 | -€6,818 | -6.5% |
| Distributable reserves | 133 | €20,191 | €27,091 | +€6,900 | +34.2% |
| Profit (loss) carried forward | 14 | €8,050 | €8,061 | +€11 | +0.1% |
| Provisions and deferred taxes | 16 | €34,928 | €32,656 | -€2,273 | -6.5% |
| Deferred taxes | 168 | €34,928 | €32,656 | -€2,273 | -6.5% |
| Amounts payable | 17/49 | €102,429 | €93,521 | -€8,908 | -8.7% |
| Amounts payable after more than one year | 17 | €50,077 | €36,450 | -€13,627 | -27.2% |
| Financial debts | 170/4 | €50,077 | €36,450 | -€13,627 | -27.2% |
| Amounts payable within one year | 42/48 | €49,321 | €53,431 | +€4,111 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €14,290 | €16,444 | +€2,154 | +15.1% |
| Trade debts | 44 | €6,474 | €5,779 | -€695 | -10.7% |
| Suppliers | 440/4 | €6,474 | €5,779 | -€695 | -10.7% |
| Taxes, remuneration and social security | 45 | €202 | €1,038 | +€836 | +415% |
| Taxes | 450/3 | €202 | €1,038 | +€836 | +415% |
| Other amounts payable | 47/48 | €28,355 | €30,170 | +€1,815 | +6.4% |
| Accrued charges and deferred income | 492/3 | €3,031 | €3,640 | +€609 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,546 | €13,685 | +€139 | +1.0% |
| Other operating charges | 640/8 | €3,383 | €3,519 | +€136 | +4.0% |
| Gross operating margin | 9900 | €21,844 | €21,271 | -€573 | -2.6% |
| Operating profit (loss) | 9901 | €4,915 | €4,067 | -€848 | -17.2% |
| Financial charges | 65/66B | €5,488 | €5,411 | -€77 | -1.4% |
| Recurring financial charges | 65 | €5,488 | €5,411 | -€77 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€573 | -€1,344 | -€771 | -135% |
| Transfer from deferred taxes | 780 | €2,273 | €2,273 | = | 0.0% |
| Income taxes | 67/77 | €132 | €836 | +€704 | +533% |
| Profit (loss) for the period | 9904 | €1,568 | €93 | -€1,475 | -94.1% |
| Transfer from tax-exempt reserves | 789 | €6,818 | €6,818 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,386 | €6,911 | -€1,475 | -17.6% |
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 18 October 2026 via checked.be.