DE NIL BEHEER: 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 NIL BEHEER
Largest movements
- Cash +€498,422
up €498,422 (+66.3%), from €751,543 to €1.2m
mainly Investment in fixed assets (net) (+€310,298) and Tax, wage and social debts (+€287,652)
- Tangible fixed assets -€355,880
down €355,880 (-19.1%), from €1.9m to €1.5m
- Receivables within one year +€319,907
up €319,907 (+130%), from €246,996 to €566,903
of which Other amounts receivable: +€320,551
- Tax, wage and social debts +€287,652
up €287,652 (+75,934%), from €379 to €288,031
- Reserves +€255,314
up €255,314 (+20.5%), from €1.2m to €1.5m
of which Distributable reserves: +€562,392
- Provisions -€102,359
down €102,359 (-24.7%), from €415,057 to €312,698
- Gross operating margin +€474,875
up €474,875 (+1,050%), from €45,208 to €520,083
- Taxes +€287,652
new in 2025: €287,652
- Financial income -€15,794
down €15,794 (-76.5%), from €20,646 to €4,851
- Depreciation -€6,388
down €6,388 (-12.3%), from €51,970 to €45,582
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 | €2,901,109 | €3,369,792 | +€468,683 | +16.2% |
| Fixed assets | 21/28 | €1,865,381 | €1,509,501 | -€355,880 | -19.1% |
| Tangible fixed assets | 22/27 | €1,865,381 | €1,509,501 | -€355,880 | -19.1% |
| Land and buildings | 22 | €1,865,381 | €1,509,501 | -€355,880 | -19.1% |
| Current assets | 29/58 | €1,035,728 | €1,860,291 | +€824,563 | +79.6% |
| Amounts receivable after more than one year | 29 | €2,176 | €0 | -€2,176 | -100% |
| Other amounts receivable | 291 | €2,176 | €0 | -€2,176 | -100% |
| Amounts receivable within one year | 40/41 | €246,996 | €566,903 | +€319,907 | +130% |
| Trade receivables | 40 | €1,830 | €1,186 | -€644 | -35.2% |
| Other amounts receivable | 41 | €245,166 | €565,717 | +€320,551 | +131% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €751,543 | €1,249,965 | +€498,422 | +66.3% |
| Deferred charges and accrued income | 490/1 | €35,013 | €43,423 | +€8,410 | +24.0% |
| Total equity and liabilities | 10/49 | €2,901,109 | €3,369,792 | +€468,683 | +16.2% |
| Equity | 10/15 | €2,462,853 | €2,745,445 | +€282,591 | +11.5% |
| Contributions | 10/11 | €1,244,549 | €1,244,549 | = | 0.0% |
| Reserves | 13 | €1,245,581 | €1,500,895 | +€255,314 | +20.5% |
| Tax-exempt reserves | 132 | €1,245,171 | €938,093 | -€307,077 | -24.7% |
| Distributable reserves | 133 | €410 | €562,802 | +€562,392 | +137,145% |
| Profit (loss) carried forward | 14 | -€27,277 | €0 | +€27,277 | |
| Provisions and deferred taxes | 16 | €415,057 | €312,698 | -€102,359 | -24.7% |
| Deferred taxes | 168 | €415,057 | €312,698 | -€102,359 | -24.7% |
| Amounts payable | 17/49 | €23,199 | €311,649 | +€288,451 | +1,243% |
| Amounts payable within one year | 42/48 | €20,333 | €310,651 | +€290,318 | +1,428% |
| Trade debts | 44 | €6,690 | €9,356 | +€2,666 | +39.9% |
| Suppliers | 440/4 | €6,690 | €9,356 | +€2,666 | +39.9% |
| Taxes, remuneration and social security | 45 | €379 | €288,031 | +€287,652 | +75,934% |
| Taxes | 450/3 | €379 | €288,031 | +€287,652 | +75,934% |
| Other amounts payable | 47/48 | €13,264 | €13,264 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,866 | €998 | -€1,867 | -65.2% |
| Non-recurring operating income | 76A | - | €474,886 | +€474,886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,970 | €45,582 | -€6,388 | -12.3% |
| Other operating charges | 640/8 | €9,149 | €9,174 | +€25 | +0.3% |
| Gross operating margin | 9900 | €45,208 | €520,083 | +€474,875 | +1,050% |
| Operating profit (loss) | 9901 | -€15,911 | €465,327 | +€481,238 | |
| Financial income | 75/76B | €20,646 | €4,851 | -€15,794 | -76.5% |
| Recurring financial income | 75 | €20,646 | €4,851 | -€15,794 | -76.5% |
| Financial charges | 65/66B | €74 | €2,294 | +€2,220 | +3,000% |
| Recurring financial charges | 65 | €74 | €59 | -€15 | -20.9% |
| Non-recurring financial charges | 66B | - | €2,236 | +€2,236 | |
| Profit (loss) for the period before taxes | 9903 | €4,661 | €467,884 | +€463,223 | +9,939% |
| Transfer from deferred taxes | 780 | €9,904 | €221,081 | +€211,177 | +2,132% |
| Transfer to deferred taxes | 680 | - | €118,721 | +€118,721 | |
| Income taxes | 67/77 | - | €287,652 | +€287,652 | |
| Profit (loss) for the period | 9904 | €14,564 | €282,591 | +€268,027 | +1,840% |
| Transfer from tax-exempt reserves | 789 | €29,711 | €663,242 | +€633,531 | +2,132% |
| Transfer to tax-exempt reserves | 689 | - | €356,164 | +€356,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,275 | €589,668 | +€545,393 | +1,232% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.