De Nachtegaal: what changed
De Nachtegaal
Largest movements
- Cash -€55,061
down €55,061 (-34.1%), from €161,518 to €106,457
mainly Net result for the year (-€95,395) and Tax, wage and social debts (-€24,995)
- Tangible fixed assets -€11,983
down €11,983 (-100%), from €11,983 to €0
- Profit (loss) carried forward -€95,395
down €95,395 (-57.6%), from -€165,489 to -€260,884
- Trade debts +€61,735
up €61,735 (+54.1%), from €114,070 to €175,805
- Tax, wage and social debts -€24,995
down €24,995 (-100%), from €24,995 to €0
of which Taxes: -€15,754
- Other debts -€7,742
down €7,742 (-10.6%), from €73,199 to €65,457
- Gross operating margin +€100,523
up €100,523 (+68.4%), from -€146,958 to -€46,434
- Other operating charges +€24,210
up €24,210 (+1,266%), from €1,912 to €26,121
- Staff costs -€12,935
down €12,935 (-83.9%), from €15,418 to €2,483
- Financial charges +€12,772
up €12,772 (+162%), from €7,883 to €20,655
- Financial income -€10,132
down €10,132 (-97.1%), from €10,432 to €300
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,046 | €394,648 | -€66,398 | -14.4% |
| Fixed assets | 21/28 | €56,019 | €44,290 | -€11,729 | -20.9% |
| Tangible fixed assets | 22/27 | €11,983 | €0 | -€11,983 | -100% |
| Furniture and vehicles | 24 | €11,983 | €0 | -€11,983 | -100% |
| Financial fixed assets | 28 | €44,036 | €44,290 | +€255 | +0.6% |
| Current assets | 29/58 | €405,027 | €350,358 | -€54,669 | -13.5% |
| Amounts receivable after more than one year | 29 | €240,100 | €240,100 | = | 0.0% |
| Other amounts receivable | 291 | €240,100 | €240,100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,409 | €3,801 | +€392 | +11.5% |
| Other amounts receivable | 41 | €3,409 | €3,801 | +€392 | +11.5% |
| Cash at bank and in hand | 54/58 | €161,518 | €106,457 | -€55,061 | -34.1% |
| Total equity and liabilities | 10/49 | €461,046 | €394,648 | -€66,398 | -14.4% |
| Equity | 10/15 | €248,780 | €153,386 | -€95,395 | -38.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €352,270 | €352,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €346,070 | €346,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,489 | -€260,884 | -€95,395 | -57.6% |
| Amounts payable | 17/49 | €212,265 | €241,262 | +€28,997 | +13.7% |
| Amounts payable within one year | 42/48 | €212,265 | €241,262 | +€28,997 | +13.7% |
| Trade debts | 44 | €114,070 | €175,805 | +€61,735 | +54.1% |
| Suppliers | 440/4 | €114,070 | €175,805 | +€61,735 | +54.1% |
| Taxes, remuneration and social security | 45 | €24,995 | €0 | -€24,995 | -100% |
| Taxes | 450/3 | €15,754 | €0 | -€15,754 | -100% |
| Remuneration and social security | 454/9 | €9,241 | €0 | -€9,241 | -100% |
| Other amounts payable | 47/48 | €73,199 | €65,457 | -€7,742 | -10.6% |
| Remuneration, social security and pensions | 62 | €15,418 | €2,483 | -€12,935 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,750 | €0 | -€3,750 | -100% |
| Other operating charges | 640/8 | €1,912 | €26,121 | +€24,210 | +1,266% |
| Gross operating margin | 9900 | -€146,958 | -€46,434 | +€100,523 | +68.4% |
| Operating profit (loss) | 9901 | -€168,038 | -€75,039 | +€92,999 | +55.3% |
| Financial income | 75/76B | €10,432 | €300 | -€10,132 | -97.1% |
| Recurring financial income | 75 | €10,432 | €300 | -€10,132 | -97.1% |
| Financial charges | 65/66B | €7,883 | €20,655 | +€12,772 | +162% |
| Recurring financial charges | 65 | €7,883 | €20,655 | +€12,772 | +162% |
| Profit (loss) for the period before taxes | 9903 | -€165,489 | -€95,395 | +€70,095 | +42.4% |
| Profit (loss) for the period | 9904 | -€165,489 | -€95,395 | +€70,095 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€165,489 | -€95,395 | +€70,095 | +42.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.