DR. DE NIJS: 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.
DR. DE NIJS
Largest movements
- Tangible fixed assets -€21,180
down €21,180 (-20.0%), from €105,870 to €84,689
of which Land and buildings: -€10,907
- Receivables within one year -€13,239
down €13,239 (-23.8%), from €55,549 to €42,311
of which Other amounts receivable: -€11,521
- Cash +€7,616
up €7,616 (+62.4%), from €12,211 to €19,828
mainly Depreciation (+€23,464) and Net result for the year (+€13,657)
- Reserves -€16,400
down €16,400 (-21.6%), from €75,946 to €59,547
- Other debts +€11,842
new in 2025: €11,842
- Tax, wage and social debts -€9,520
down €9,520 (-59.1%), from €16,120 to €6,600
- Debts after one year -€8,823
down €8,823 (-11.7%), from €75,634 to €66,811
- Trade debts -€2,243
down €2,243 (-92.9%), from €2,415 to €172
- Depreciation +€6,325
up €6,325 (+36.9%), from €17,139 to €23,464
- Gross operating margin +€5,620
up €5,620 (+13.0%), from €43,075 to €48,696
- Taxes +€2,496
up €2,496 (+33.6%), from €7,421 to €9,918
- Financial income +€716
up €716 (+37.5%), from €1,906 to €2,622
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 | €178,769 | €152,943 | -€25,826 | -14.4% |
| Fixed assets | 21/28 | €106,370 | €85,189 | -€21,180 | -19.9% |
| Tangible fixed assets | 22/27 | €105,870 | €84,689 | -€21,180 | -20.0% |
| Land and buildings | 22 | €92,040 | €81,134 | -€10,907 | -11.8% |
| Plant, machinery and equipment | 23 | €423 | €186 | -€237 | -55.9% |
| Furniture and vehicles | 24 | €13,406 | €3,369 | -€10,037 | -74.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €72,400 | €67,754 | -€4,646 | -6.4% |
| Amounts receivable within one year | 40/41 | €55,549 | €42,311 | -€13,239 | -23.8% |
| Trade receivables | 40 | €1,717 | - | -€1,717 | |
| Other amounts receivable | 41 | €53,832 | €42,311 | -€11,521 | -21.4% |
| Current investments | 50/53 | €2,850 | €2,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,211 | €19,828 | +€7,616 | +62.4% |
| Deferred charges and accrued income | 490/1 | €1,789 | €2,765 | +€976 | +54.6% |
| Total equity and liabilities | 10/49 | €178,769 | €152,943 | -€25,826 | -14.4% |
| Equity | 10/15 | €75,946 | €59,547 | -€16,400 | -21.6% |
| Reserves | 13 | €75,946 | €59,547 | -€16,400 | -21.6% |
| Distributable reserves | 133 | €75,946 | €59,547 | -€16,400 | -21.6% |
| Amounts payable | 17/49 | €102,823 | €93,397 | -€9,427 | -9.2% |
| Amounts payable after more than one year | 17 | €75,634 | €66,811 | -€8,823 | -11.7% |
| Financial debts | 170/4 | €75,634 | €66,811 | -€8,823 | -11.7% |
| Amounts payable within one year | 42/48 | €27,189 | €26,585 | -€603 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €8,653 | €7,972 | -€682 | -7.9% |
| Trade debts | 44 | €2,415 | €172 | -€2,243 | -92.9% |
| Suppliers | 440/4 | €2,415 | €172 | -€2,243 | -92.9% |
| Taxes, remuneration and social security | 45 | €16,120 | €6,600 | -€9,520 | -59.1% |
| Taxes | 450/3 | €16,120 | €6,600 | -€9,520 | -59.1% |
| Other amounts payable | 47/48 | - | €11,842 | +€11,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,139 | €23,464 | +€6,325 | +36.9% |
| Other operating charges | 640/8 | €1,969 | €2,037 | +€68 | +3.5% |
| Gross operating margin | 9900 | €43,075 | €48,696 | +€5,620 | +13.0% |
| Operating profit (loss) | 9901 | €23,968 | €23,195 | -€773 | -3.2% |
| Financial income | 75/76B | €1,906 | €2,622 | +€716 | +37.5% |
| Recurring financial income | 75 | €1,906 | €2,622 | +€716 | +37.5% |
| Financial charges | 65/66B | €2,134 | €2,242 | +€109 | +5.1% |
| Recurring financial charges | 65 | €2,134 | €2,185 | +€51 | +2.4% |
| Non-recurring financial charges | 66B | - | €58 | +€58 | |
| Profit (loss) for the period before taxes | 9903 | €23,741 | €23,574 | -€167 | -0.7% |
| Income taxes | 67/77 | €7,421 | €9,918 | +€2,496 | +33.6% |
| Profit (loss) for the period | 9904 | €16,319 | €13,657 | -€2,663 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,319 | €13,657 | -€2,663 | -16.3% |
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 25 October 2026 via checked.be.