CLOSING NUT: 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.
CLOSING NUT
Largest movements
- Receivables within one year +€29,903
up €29,903 (+30.1%), from €99,369 to €129,273
of which Other amounts receivable: +€21,462
- Cash -€5,376
down €5,376 (-98.3%), from €5,467 to €92
mainly Receivables within one year (-€29,903) and Tax, wage and social debts (-€11,420)
- Tangible fixed assets -€2,049
down €2,049 (-28.1%), from €7,300 to €5,250
- Profit (loss) carried forward +€20,745
up €20,745 (+36.4%), from €56,949 to €77,695
- Trade debts +€12,249
up €12,249 (+241.4%), from €5,074 to €17,323
- Tax, wage and social debts -€11,420
down €11,420 (-22.8%), from €50,038 to €38,618
- Gross operating margin -€45,539
down €45,539 (-59.1%), from €77,020 to €31,481
- Taxes -€12,756
down €12,756 (-62.0%), from €20,570 to €7,814
- Financial charges +€3,906
up €3,906 (+122.3%), from €3,195 to €7,101
- Financial income +€1,231
up €1,231 (+24.6%), from €4,998 to €6,229
- Depreciation +€1,123
up €1,123 (+121.3%), from €926 to €2,049
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 | €113,061 | €134,635 | +€21,574 | +19.1% |
| Fixed assets | 21/28 | €7,300 | €5,250 | -€2,049 | -28.1% |
| Tangible fixed assets | 22/27 | €7,300 | €5,250 | -€2,049 | -28.1% |
| Plant, machinery and equipment | 23 | €2,787 | €1,777 | -€1,011 | -36.3% |
| Furniture and vehicles | 24 | €1,153 | €886 | -€267 | -23.2% |
| Other tangible fixed assets | 26 | €3,360 | €2,588 | -€772 | -23.0% |
| Current assets | 29/58 | €105,761 | €129,385 | +€23,624 | +22.3% |
| Amounts receivable within one year | 40/41 | €99,369 | €129,273 | +€29,903 | +30.1% |
| Trade receivables | 40 | - | €8,441 | +€8,441 | |
| Other amounts receivable | 41 | €99,369 | €120,831 | +€21,462 | +21.6% |
| Cash at bank and in hand | 54/58 | €5,467 | €92 | -€5,376 | -98.3% |
| Deferred charges and accrued income | 490/1 | €925 | €21 | -€904 | -97.8% |
| Total equity and liabilities | 10/49 | €113,061 | €134,635 | +€21,574 | +19.1% |
| Equity | 10/15 | €57,949 | €78,695 | +€20,745 | +35.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,949 | €77,695 | +€20,745 | +36.4% |
| Amounts payable | 17/49 | €55,112 | €55,941 | +€829 | +1.5% |
| Amounts payable within one year | 42/48 | €55,112 | €55,941 | +€829 | +1.5% |
| Trade debts | 44 | €5,074 | €17,323 | +€12,249 | +241.4% |
| Suppliers | 440/4 | €5,074 | €17,323 | +€12,249 | +241.4% |
| Taxes, remuneration and social security | 45 | €50,038 | €38,618 | -€11,420 | -22.8% |
| Taxes | 450/3 | €50,038 | €38,618 | -€11,420 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €926 | €2,049 | +€1,123 | +121.3% |
| Other operating charges | 640/8 | €377 | €0 | -€377 | -100.0% |
| Gross operating margin | 9900 | €77,020 | €31,481 | -€45,539 | -59.1% |
| Operating profit (loss) | 9901 | €75,716 | €29,431 | -€46,285 | -61.1% |
| Financial income | 75/76B | €4,998 | €6,229 | +€1,231 | +24.6% |
| Recurring financial income | 75 | €4,998 | €6,229 | +€1,231 | +24.6% |
| Financial charges | 65/66B | €3,195 | €7,101 | +€3,906 | +122.3% |
| Recurring financial charges | 65 | €3,195 | €7,101 | +€3,906 | +122.3% |
| Profit (loss) for the period before taxes | 9903 | €77,519 | €28,559 | -€48,961 | -63.2% |
| Income taxes | 67/77 | €20,570 | €7,814 | -€12,756 | -62.0% |
| Profit (loss) for the period | 9904 | €56,949 | €20,745 | -€36,204 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,949 | €20,745 | -€36,204 | -63.6% |
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 30 September 2026 via checked.be.