DE NACHTEGAAL: 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.
DE NACHTEGAAL
Largest movements
- Tangible fixed assets -€30,833
down €30,833 (-19.4%), from €159,306 to €128,472
of which Furniture and vehicles: -€30,833
- Cash +€28,017
up €28,017 (+35.6%), from €78,652 to €106,669
mainly Depreciation (+€30,833) and Tax, wage and social debts (+€2,544)
- Receivables within one year +€3,869
up €3,869 (+20.3%), from €19,081 to €22,950
of which Trade receivables: +€6,595
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€5,139
up €5,139 (+20.0%), from €25,694 to €30,833
- Gross operating margin -€2,277
down €2,277 (-4.1%), from €55,743 to €53,466
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 | €257,038 | €258,091 | +€1,053 | +0.4% |
| Fixed assets | 21/28 | €159,306 | €128,472 | -€30,833 | -19.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €159,306 | €128,472 | -€30,833 | -19.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €159,306 | €128,472 | -€30,833 | -19.4% |
| Current assets | 29/58 | €97,732 | €129,619 | +€31,886 | +32.6% |
| Amounts receivable within one year | 40/41 | €19,081 | €22,950 | +€3,869 | +20.3% |
| Trade receivables | 40 | €16,305 | €22,900 | +€6,595 | +40.5% |
| Other amounts receivable | 41 | €2,776 | €50 | -€2,726 | -98.2% |
| Cash at bank and in hand | 54/58 | €78,652 | €106,669 | +€28,017 | +35.6% |
| Total equity and liabilities | 10/49 | €257,038 | €258,091 | +€1,053 | +0.4% |
| Equity | 10/15 | €251,339 | €251,117 | -€222 | -0.1% |
| 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 | €143,748 | €143,748 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,548 | €137,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,591 | €45,370 | -€222 | -0.5% |
| Amounts payable | 17/49 | €5,699 | €6,974 | +€1,275 | +22.4% |
| Amounts payable within one year | 42/48 | €5,699 | €6,974 | +€1,275 | +22.4% |
| Trade debts | 44 | €4,640 | €3,371 | -€1,269 | -27.4% |
| Suppliers | 440/4 | €4,640 | €3,371 | -€1,269 | -27.4% |
| Taxes, remuneration and social security | 45 | €1,059 | €3,603 | +€2,544 | +240% |
| Taxes | 450/3 | €800 | €1,321 | +€520 | +65.0% |
| Remuneration and social security | 454/9 | €259 | €2,282 | +€2,024 | +782% |
| Non-recurring operating income | 76A | €6,122 | - | -€6,122 | |
| Remuneration, social security and pensions | 62 | €22,276 | €22,236 | -€40 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,694 | €30,833 | +€5,139 | +20.0% |
| Other operating charges | 640/8 | €496 | €449 | -€47 | -9.5% |
| Gross operating margin | 9900 | €55,743 | €53,466 | -€2,277 | -4.1% |
| Operating profit (loss) | 9901 | €7,277 | -€53 | -€7,329 | |
| Financial income | 75/76B | €301 | €49 | -€252 | -83.8% |
| Recurring financial income | 75 | €301 | €49 | -€252 | -83.8% |
| Financial charges | 65/66B | €197 | €218 | +€21 | +10.6% |
| Recurring financial charges | 65 | €197 | €218 | +€21 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €7,381 | -€222 | -€7,602 | |
| Income taxes | 67/77 | €315 | - | -€315 | |
| Profit (loss) for the period | 9904 | €7,066 | -€222 | -€7,288 | |
| Transfer to tax-exempt reserves | 689 | €6,122 | - | -€6,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €944 | -€222 | -€1,166 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.