Debue Nikolas: 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.
Debue Nikolas
Largest movements
- Stocks and contracts +€21,735
up €21,735 (+241%), from €9,035 to €30,770
of which Contracts in progress: +€23,000
- Tangible fixed assets -€21,569
down €21,569 (-33.5%), from €64,452 to €42,883
of which Plant, machinery and equipment: -€20,221
- Cash +€17,709
up €17,709 (+422%), from €4,200 to €21,909
mainly Depreciation (+€22,606) and Trade debts (+€18,260)
- Receivables within one year -€8,104
down €8,104 (-62.9%), from €12,894 to €4,790
of which Trade receivables: -€11,047
- Trade debts +€18,260
up €18,260 (+675%), from €2,705 to €20,965
- Debts after one year -€9,824
down €9,824 (-22.4%), from €43,832 to €34,008
- Other debts -€4,220
down €4,220 (-23.0%), from €18,357 to €14,137
- Current portion of long-term debt +€1,935
up €1,935 (+17.0%), from €11,409 to €13,344
- Tax, wage and social debts +€1,301
up €1,301 (+36.7%), from €3,542 to €4,842
- Depreciation -€2,710
down €2,710 (-10.7%), from €25,316 to €22,606
- Gross operating margin -€2,218
down €2,218 (-7.1%), from €31,145 to €28,928
- Financial charges +€1,045
up €1,045 (+108%), from €969 to €2,014
- Other operating charges +€883
up €883 (+83.3%), from €1,060 to €1,943
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 | €92,617 | €101,227 | +€8,610 | +9.3% |
| Formation expenses | 20 | €912 | - | -€912 | |
| Fixed assets | 21/28 | €65,452 | €43,758 | -€21,694 | -33.1% |
| Intangible fixed assets | 21 | €1,000 | €875 | -€125 | -12.5% |
| Tangible fixed assets | 22/27 | €64,452 | €42,883 | -€21,569 | -33.5% |
| Land and buildings | 22 | €1,407 | €1,257 | -€150 | -10.7% |
| Plant, machinery and equipment | 23 | €59,657 | €39,436 | -€20,221 | -33.9% |
| Furniture and vehicles | 24 | €1,523 | €550 | -€973 | -63.9% |
| Other tangible fixed assets | 26 | €1,865 | €1,641 | -€225 | -12.0% |
| Current assets | 29/58 | €26,253 | €57,469 | +€31,216 | +119% |
| Stocks and contracts in progress | 3 | €9,035 | €30,770 | +€21,735 | +241% |
| Stocks | 30/36 | €6,035 | €4,770 | -€1,265 | -21.0% |
| Contracts in progress | 37 | €3,000 | €26,000 | +€23,000 | +767% |
| Amounts receivable within one year | 40/41 | €12,894 | €4,790 | -€8,104 | -62.9% |
| Trade receivables | 40 | €12,038 | €990 | -€11,047 | -91.8% |
| Other amounts receivable | 41 | €856 | €3,800 | +€2,943 | +344% |
| Cash at bank and in hand | 54/58 | €4,200 | €21,909 | +€17,709 | +422% |
| Deferred charges and accrued income | 490/1 | €124 | - | -€124 | |
| Total equity and liabilities | 10/49 | €92,617 | €101,227 | +€8,610 | +9.3% |
| Equity | 10/15 | €12,724 | €13,829 | +€1,105 | +8.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,724 | €8,829 | +€1,105 | +14.3% |
| Distributable reserves | 133 | €7,724 | €8,829 | +€1,105 | +14.3% |
| Amounts payable | 17/49 | €79,893 | €87,398 | +€7,505 | +9.4% |
| Amounts payable after more than one year | 17 | €43,832 | €34,008 | -€9,824 | -22.4% |
| Financial debts | 170/4 | €43,832 | €34,008 | -€9,824 | -22.4% |
| Amounts payable within one year | 42/48 | €36,013 | €53,288 | +€17,276 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €11,409 | €13,344 | +€1,935 | +17.0% |
| Trade debts | 44 | €2,705 | €20,965 | +€18,260 | +675% |
| Suppliers | 440/4 | €2,705 | €20,965 | +€18,260 | +675% |
| Taxes, remuneration and social security | 45 | €3,542 | €4,842 | +€1,301 | +36.7% |
| Taxes | 450/3 | €3,542 | €4,842 | +€1,301 | +36.7% |
| Other amounts payable | 47/48 | €18,357 | €14,137 | -€4,220 | -23.0% |
| Accrued charges and deferred income | 492/3 | €48 | €102 | +€53 | +110% |
| Remuneration, social security and pensions | 62 | €198 | - | -€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,316 | €22,606 | -€2,710 | -10.7% |
| Other operating charges | 640/8 | €1,060 | €1,943 | +€883 | +83.3% |
| Gross operating margin | 9900 | €31,145 | €28,928 | -€2,218 | -7.1% |
| Operating profit (loss) | 9901 | €4,572 | €4,379 | -€193 | -4.2% |
| Financial income | 75/76B | €110 | €16 | -€94 | -85.5% |
| Recurring financial income | 75 | €110 | €16 | -€94 | -85.5% |
| Financial charges | 65/66B | €969 | €2,014 | +€1,045 | +108% |
| Recurring financial charges | 65 | €969 | €2,014 | +€1,045 | +108% |
| Profit (loss) for the period before taxes | 9903 | €3,712 | €2,381 | -€1,332 | -35.9% |
| Income taxes | 67/77 | €1,130 | €1,275 | +€146 | +12.9% |
| Profit (loss) for the period | 9904 | €2,583 | €1,105 | -€1,477 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,583 | €1,105 | -€1,477 | -57.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.