DE NAYER: 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.
DE NAYER
Largest movements
- Tangible fixed assets -€7,110
down €7,110 (-2.8%), from €256,866 to €249,756
- Profit (loss) carried forward -€6,636
down €6,636 (-7.5%), from -€88,824 to -€95,460
- Gross operating margin -€7,538
down €7,538 (-48.5%), from €15,541 to €8,003
- Other operating charges -€4,684
down €4,684 (-38.5%), from €12,168 to €7,484
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 | €283,152 | €273,842 | -€9,309 | -3.3% |
| Fixed assets | 21/28 | €256,866 | €249,756 | -€7,110 | -2.8% |
| Tangible fixed assets | 22/27 | €256,866 | €249,756 | -€7,110 | -2.8% |
| Land and buildings | 22 | €256,866 | €249,756 | -€7,110 | -2.8% |
| Current assets | 29/58 | €26,286 | €24,087 | -€2,199 | -8.4% |
| Amounts receivable within one year | 40/41 | €10,784 | €10,646 | -€138 | -1.3% |
| Trade receivables | 40 | €10,646 | €10,646 | = | 0.0% |
| Other amounts receivable | 41 | €138 | - | -€138 | |
| Cash at bank and in hand | 54/58 | €15,502 | €13,440 | -€2,061 | -13.3% |
| Total equity and liabilities | 10/49 | €283,152 | €273,842 | -€9,309 | -3.3% |
| Equity | 10/15 | €234,769 | €228,133 | -€6,636 | -2.8% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €3,592 | €3,592 | = | 0.0% |
| Distributable reserves | 133 | €3,592 | €3,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,824 | -€95,460 | -€6,636 | -7.5% |
| Amounts payable | 17/49 | €48,383 | €45,710 | -€2,673 | -5.5% |
| Amounts payable within one year | 42/48 | €48,383 | €45,710 | -€2,673 | -5.5% |
| Trade debts | 44 | €7,282 | €4,609 | -€2,673 | -36.7% |
| Suppliers | 440/4 | €7,282 | €4,609 | -€2,673 | -36.7% |
| Other amounts payable | 47/48 | €41,101 | €41,101 | = | 0.0% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,110 | €7,110 | = | 0.0% |
| Other operating charges | 640/8 | €12,168 | €7,484 | -€4,684 | -38.5% |
| Gross operating margin | 9900 | €15,541 | €8,003 | -€7,538 | -48.5% |
| Operating profit (loss) | 9901 | -€3,737 | -€6,591 | -€2,854 | -76.3% |
| Financial charges | 65/66B | €58 | €45 | -€13 | -22.8% |
| Recurring financial charges | 65 | €58 | €45 | -€13 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,796 | -€6,636 | -€2,840 | -74.8% |
| Profit (loss) for the period | 9904 | -€3,796 | -€6,636 | -€2,840 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,796 | -€6,636 | -€2,840 | -74.8% |
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 4 October 2026 via checked.be.