dE Nijs Vincent: what changed
dE Nijs Vincent
Largest movements
- Receivables within one year +€119,035
up €119,035 (+95.2%), from €125,000 to €244,035
of which Trade receivables: +€117,498
- Cash +€24,564
up €24,564 (+116%), from €21,251 to €45,815
mainly Net result for the year (+€81,685) and Trade debts (+€43,808)
- Tangible fixed assets -€18,229
down €18,229 (-24.9%), from €73,295 to €55,066
of which Plant, machinery and equipment: -€11,000
- Reserves +€80,000
up €80,000 (+451%), from €17,750 to €97,750
- Trade debts +€43,808
up €43,808 (+298%), from €14,677 to €58,485
- Debts after one year -€20,500
down €20,500 (-29.5%), from €69,500 to €49,000
- Tax, wage and social debts +€14,912
up €14,912 (+236%), from €6,327 to €21,239
- Other debts +€6,299
up €6,299 (+5.8%), from €108,153 to €114,451
- Gross operating margin +€76,835
up €76,835 (+165%), from €46,582 to €123,416
- Taxes +€16,057
up €16,057 (+310%), from €5,182 to €21,239
- Other operating charges -€2,237
down €2,237 (-91.4%), from €2,447 to €209
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 | €219,546 | €344,916 | +€125,370 | +57.1% |
| Fixed assets | 21/28 | €73,295 | €55,066 | -€18,229 | -24.9% |
| Tangible fixed assets | 22/27 | €73,295 | €55,066 | -€18,229 | -24.9% |
| Plant, machinery and equipment | 23 | €44,000 | €33,000 | -€11,000 | -25.0% |
| Furniture and vehicles | 24 | €29,295 | €22,066 | -€7,229 | -24.7% |
| Current assets | 29/58 | €146,251 | €289,851 | +€143,600 | +98.2% |
| Amounts receivable within one year | 40/41 | €125,000 | €244,035 | +€119,035 | +95.2% |
| Trade receivables | 40 | - | €117,498 | +€117,498 | |
| Other amounts receivable | 41 | €125,000 | €126,537 | +€1,537 | +1.2% |
| Cash at bank and in hand | 54/58 | €21,251 | €45,815 | +€24,564 | +116% |
| Total equity and liabilities | 10/49 | €219,546 | €344,916 | +€125,370 | +57.1% |
| Equity | 10/15 | €20,888 | €101,741 | +€80,852 | +387% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,750 | €97,750 | +€80,000 | +451% |
| Distributable reserves | 133 | €17,750 | €97,750 | +€80,000 | +451% |
| Profit (loss) carried forward | 14 | €638 | €1,491 | +€852 | +134% |
| Amounts payable | 17/49 | €198,658 | €243,176 | +€44,518 | +22.4% |
| Amounts payable after more than one year | 17 | €69,500 | €49,000 | -€20,500 | -29.5% |
| Other amounts payable | 178/9 | €69,500 | €49,000 | -€20,500 | -29.5% |
| Amounts payable within one year | 42/48 | €129,158 | €194,176 | +€65,018 | +50.3% |
| Trade debts | 44 | €14,677 | €58,485 | +€43,808 | +298% |
| Suppliers | 440/4 | €14,677 | €58,485 | +€43,808 | +298% |
| Taxes, remuneration and social security | 45 | €6,327 | €21,239 | +€14,912 | +236% |
| Taxes | 450/3 | €6,327 | €21,239 | +€14,912 | +236% |
| Other amounts payable | 47/48 | €108,153 | €114,451 | +€6,299 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,852 | €18,229 | +€377 | +2.1% |
| Other operating charges | 640/8 | €2,447 | €209 | -€2,237 | -91.4% |
| Gross operating margin | 9900 | €46,582 | €123,416 | +€76,835 | +165% |
| Operating profit (loss) | 9901 | €26,283 | €104,978 | +€78,695 | +299% |
| Financial charges | 65/66B | €1,854 | €2,053 | +€199 | +10.7% |
| Recurring financial charges | 65 | €1,854 | €2,053 | +€199 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €24,429 | €102,925 | +€78,495 | +321% |
| Income taxes | 67/77 | €5,182 | €21,239 | +€16,057 | +310% |
| Profit (loss) for the period | 9904 | €19,247 | €81,685 | +€62,438 | +324% |
| Profit (loss) for the period to be appropriated | 9905 | €19,247 | €81,685 | +€62,438 | +324% |
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 4 November 2026 via checked.be.