AS NIVEAU: 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.
AS NIVEAU
Largest movements
- Cash +€4,684
up €4,684 (+30.1%), from €15,543 to €20,227
mainly Tax, wage and social debts (+€5,780) and Depreciation (+€2,333)
- Tangible fixed assets -€2,333
down €2,333 (-66.7%), from €3,500 to €1,167
- Receivables within one year -€1,788
down €1,788 (-24.2%), from €7,377 to €5,589
of which Trade receivables: -€4,434
- Profit (loss) carried forward -€6,595
down €6,595 (-52.8%), from €12,486 to €5,891
- Tax, wage and social debts +€5,780
up €5,780 (+70.0%), from €8,263 to €14,043
of which Remuneration and social security: +€8,543
- Trade debts +€811
up €811 (+171.2%), from €474 to €1,285
- Other debts +€567
up €567 (+286.2%), from €198 to €765
- Turnover -€51,354
down €51,354 (-26.5%), from €193,451 to €142,098
- Gross operating margin -€26,077
down €26,077, from €22,151 to -€3,926
- Purchases and services -€25,277
down €25,277 (-14.8%), from €171,300 to €146,024
- Taxes -€4,611
down €4,611, from €4,263 to -€348
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 | €26,420 | €26,983 | +€563 | +2.1% |
| Fixed assets | 21/28 | €3,500 | €1,167 | -€2,333 | -66.7% |
| Tangible fixed assets | 22/27 | €3,500 | €1,167 | -€2,333 | -66.7% |
| Furniture and vehicles | 24 | €3,500 | €1,167 | -€2,333 | -66.7% |
| Current assets | 29/58 | €22,920 | €25,816 | +€2,896 | +12.6% |
| Amounts receivable within one year | 40/41 | €7,377 | €5,589 | -€1,788 | -24.2% |
| Trade receivables | 40 | €5,878 | €1,444 | -€4,434 | -75.4% |
| Other amounts receivable | 41 | €1,499 | €4,145 | +€2,646 | +176.5% |
| Cash at bank and in hand | 54/58 | €15,543 | €20,227 | +€4,684 | +30.1% |
| Total equity and liabilities | 10/49 | €26,420 | €26,983 | +€563 | +2.1% |
| Equity | 10/15 | €17,486 | €10,891 | -€6,595 | -37.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,486 | €5,891 | -€6,595 | -52.8% |
| Amounts payable | 17/49 | €8,935 | €16,092 | +€7,158 | +80.1% |
| Amounts payable within one year | 42/48 | €8,935 | €16,092 | +€7,158 | +80.1% |
| Trade debts | 44 | €474 | €1,285 | +€811 | +171.2% |
| Suppliers | 440/4 | €474 | €1,285 | +€811 | +171.2% |
| Taxes, remuneration and social security | 45 | €8,263 | €14,043 | +€5,780 | +70.0% |
| Taxes | 450/3 | €4,263 | €1,500 | -€2,763 | -64.8% |
| Remuneration and social security | 454/9 | €4,000 | €12,543 | +€8,543 | +213.6% |
| Other amounts payable | 47/48 | €198 | €765 | +€567 | +286.2% |
| Turnover | 70 | €193,451 | €142,098 | -€51,354 | -26.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €171,300 | €146,024 | -€25,277 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €2,333 | -€1,167 | -33.3% |
| Other operating charges | 640/8 | €1,779 | €439 | -€1,340 | -75.3% |
| Gross operating margin | 9900 | €22,151 | -€3,926 | -€26,077 | |
| Operating profit (loss) | 9901 | €16,872 | -€6,699 | -€23,570 | |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €138 | €245 | +€107 | +77.2% |
| Recurring financial charges | 65 | €75 | €181 | +€106 | +141.7% |
| Non-recurring financial charges | 66B | €63 | €63 | +€0 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €16,748 | -€6,943 | -€23,692 | |
| Income taxes | 67/77 | €4,263 | -€348 | -€4,611 | |
| Profit (loss) for the period | 9904 | €12,486 | -€6,595 | -€19,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,486 | -€6,595 | -€19,081 |
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 10 October 2026 via checked.be.