Hannes Nick: 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.
Hannes Nick
Largest movements
- Receivables within one year +€83,864
up €83,864 (+630%), from €13,317 to €97,181
of which Other amounts receivable: +€52,858
- Tangible fixed assets +€63,400
up €63,400 (+97.5%), from €65,018 to €128,419
of which Furniture and vehicles: +€78,822
- Stocks and contracts -€2,818
down €2,818 (-61.7%), from €4,568 to €1,749
- Trade debts +€94,024
up €94,024 (+150%), from €62,586 to €156,609
- Reserves +€15,356
new in 2025: €15,356
- Tax, wage and social debts +€15,207
up €15,207 (+745%), from €2,042 to €17,249
of which Taxes: +€15,822
- Profit (loss) carried forward +€10,746
no longer reported in 2025 (was -€10,746)
- Other debts +€9,619
up €9,619 (+404%), from €2,381 to €12,000
- Gross operating margin +€43,341
up €43,341 (+79.9%), from €54,270 to €97,611
- Depreciation +€26,623
up €26,623 (+937%), from €2,842 to €29,464
- Staff costs -€23,468
no longer reported in 2025 (was €23,468)
- Financial charges -€10,258
down €10,258 (-28.9%), from €35,526 to €25,267
- Other operating charges +€9,526
up €9,526 (+331%), from €2,876 to €12,402
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,888 | €235,624 | +€142,736 | +154% |
| Fixed assets | 21/28 | €65,019 | €128,420 | +€63,400 | +97.5% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €65,018 | €128,419 | +€63,400 | +97.5% |
| Plant, machinery and equipment | 23 | €57,464 | €37,652 | -€19,812 | -34.5% |
| Furniture and vehicles | 24 | €7,554 | €86,376 | +€78,822 | +1,043% |
| Leasing and similar rights | 25 | - | €4,391 | +€4,391 | |
| Current assets | 29/58 | €27,868 | €107,204 | +€79,336 | +285% |
| Stocks and contracts in progress | 3 | €4,568 | €1,749 | -€2,818 | -61.7% |
| Stocks | 30/36 | €4,568 | €1,749 | -€2,818 | -61.7% |
| Amounts receivable within one year | 40/41 | €13,317 | €97,181 | +€83,864 | +630% |
| Trade receivables | 40 | €3,226 | €34,232 | +€31,006 | +961% |
| Other amounts receivable | 41 | €10,090 | €62,949 | +€52,858 | +524% |
| Cash at bank and in hand | 54/58 | €1,915 | €2,168 | +€253 | +13.2% |
| Deferred charges and accrued income | 490/1 | €8,069 | €6,106 | -€1,963 | -24.3% |
| Total equity and liabilities | 10/49 | €92,888 | €235,624 | +€142,736 | +154% |
| Equity | 10/15 | -€8,246 | €17,856 | +€26,101 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €15,356 | +€15,356 | |
| Distributable reserves | 133 | - | €15,356 | +€15,356 | |
| Profit (loss) carried forward | 14 | -€10,746 | - | +€10,746 | |
| Amounts payable | 17/49 | €101,133 | €217,768 | +€116,635 | +115% |
| Amounts payable after more than one year | 17 | €4,871 | €713 | -€4,158 | -85.4% |
| Financial debts | 170/4 | €4,871 | €713 | -€4,158 | -85.4% |
| Amounts payable within one year | 42/48 | €80,633 | €194,713 | +€114,081 | +141% |
| Current portion of amounts payable after more than one year | 42 | €2,004 | €2,278 | +€274 | +13.7% |
| Financial debts | 43 | €2,621 | €3,649 | +€1,029 | +39.2% |
| Credit institutions | 430/8 | €2,621 | €3,649 | +€1,029 | +39.2% |
| Trade debts | 44 | €62,586 | €156,609 | +€94,024 | +150% |
| Suppliers | 440/4 | €62,586 | €156,609 | +€94,024 | +150% |
| Advances received on contracts in progress | 46 | €9,000 | €2,929 | -€6,071 | -67.5% |
| Taxes, remuneration and social security | 45 | €2,042 | €17,249 | +€15,207 | +745% |
| Taxes | 450/3 | €827 | €16,649 | +€15,822 | +1,913% |
| Remuneration and social security | 454/9 | €1,215 | €600 | -€615 | -50.6% |
| Other amounts payable | 47/48 | €2,381 | €12,000 | +€9,619 | +404% |
| Accrued charges and deferred income | 492/3 | €15,629 | €22,342 | +€6,712 | +42.9% |
| Non-recurring operating income | 76A | €7,438 | - | -€7,438 | |
| Remuneration, social security and pensions | 62 | €23,468 | - | -€23,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,842 | €29,464 | +€26,623 | +937% |
| Other operating charges | 640/8 | €2,876 | €12,402 | +€9,526 | +331% |
| Gross operating margin | 9900 | €54,270 | €97,611 | +€43,341 | +79.9% |
| Operating profit (loss) | 9901 | €25,084 | €55,745 | +€30,661 | +122% |
| Financial income | 75/76B | €404 | €3,025 | +€2,621 | +649% |
| Recurring financial income | 75 | €404 | €3,025 | +€2,621 | +649% |
| Financial charges | 65/66B | €35,526 | €25,267 | -€10,258 | -28.9% |
| Recurring financial charges | 65 | €35,526 | €25,267 | -€10,258 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,038 | €33,502 | +€43,540 | |
| Income taxes | 67/77 | €708 | €6,919 | +€6,211 | +877% |
| Profit (loss) for the period | 9904 | -€10,746 | €26,583 | +€37,329 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,746 | €26,583 | +€37,329 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.