HANS NACKAERTS: what changed
HANS NACKAERTS
Largest movements
- Receivables within one year -€35,104
down €35,104 (-59.7%), from €58,838 to €23,734
of which Trade receivables: -€33,454
- Cash +€2,177
up €2,177 (+1,725%), from €126 to €2,303
mainly Receivables within one year (+€35,104) and Trade debts (+€18,810)
- Profit (loss) carried forward -€54,239
down €54,239 (-214%), from -€25,401 to -€79,640
- Trade debts +€18,810
up €18,810 (+411%), from €4,571 to €23,381
- Other debts +€4,427
up €4,427 (+14.4%), from €30,639 to €35,065
- Current portion of long-term debt -€1,927
down €1,927 (-100%), from €1,927 to €0
- Gross operating margin -€51,401
down €51,401 (-2,035%), from -€2,525 to -€53,926
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 | €61,098 | €28,169 | -€32,929 | -53.9% |
| Current assets | 29/58 | €61,098 | €28,169 | -€32,929 | -53.9% |
| Amounts receivable within one year | 40/41 | €58,838 | €23,734 | -€35,104 | -59.7% |
| Trade receivables | 40 | €57,070 | €23,616 | -€33,454 | -58.6% |
| Other amounts receivable | 41 | €1,768 | €117 | -€1,651 | -93.4% |
| Current investments | 50/53 | €2,134 | €2,133 | -€1 | -0.1% |
| Cash at bank and in hand | 54/58 | €126 | €2,303 | +€2,177 | +1,725% |
| Total equity and liabilities | 10/49 | €61,098 | €28,169 | -€32,929 | -53.9% |
| Equity | 10/15 | €23,962 | -€30,277 | -€54,239 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,163 | €43,163 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,303 | €41,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,401 | -€79,640 | -€54,239 | -214% |
| Amounts payable | 17/49 | €37,136 | €58,447 | +€21,310 | +57.4% |
| Amounts payable within one year | 42/48 | €37,136 | €58,447 | +€21,310 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €1,927 | €0 | -€1,927 | -100% |
| Trade debts | 44 | €4,571 | €23,381 | +€18,810 | +411% |
| Suppliers | 440/4 | €4,571 | €23,381 | +€18,810 | +411% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,639 | €35,065 | +€4,427 | +14.4% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100% |
| Gross operating margin | 9900 | -€2,525 | -€53,926 | -€51,401 | -2,035% |
| Operating profit (loss) | 9901 | -€2,913 | -€53,926 | -€51,014 | -1,751% |
| Financial income | 75/76B | €13 | €13 | +€0 | +0.3% |
| Recurring financial income | 75 | €13 | €13 | +€0 | +0.3% |
| Financial charges | 65/66B | €49 | €325 | +€277 | +571% |
| Recurring financial charges | 65 | €49 | €325 | +€277 | +571% |
| Profit (loss) for the period before taxes | 9903 | -€2,949 | -€54,239 | -€51,290 | -1,740% |
| Profit (loss) for the period | 9904 | -€2,949 | -€54,239 | -€51,290 | -1,740% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,949 | -€54,239 | -€51,290 | -1,740% |
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 1 November 2026 via checked.be.