JOHAN NUYTTEN: 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.
JOHAN NUYTTEN
Largest movements
- Tangible fixed assets -€287,793
down €287,793 (-37.4%), from €769,217 to €481,424
of which Land and buildings: -€276,104
- Cash +€243,491
up €243,491 (+1,343%), from €18,133 to €261,624
mainly Investment in fixed assets (net) (+€268,062) and Net result for the year (+€22,862)
- Provisions -€85,104
down €85,104 (-42.1%), from €202,177 to €117,073
- Reserves +€22,862
up €22,862 (+3.8%), from €605,511 to €628,372
of which Distributable reserves: +€188,237
- Taxes +€85,161
up €85,161 (+30,154%), from €282 to €85,443
- Depreciation -€22,110
down €22,110 (-52.8%), from €41,840 to €19,731
- Gross operating margin +€19,508
up €19,508 (+149%), from €13,057 to €32,565
- Financial income +€12,669
up €12,669 (+1,949%), from €650 to €13,319
- Other operating charges -€638
down €638 (-19.4%), from €3,291 to €2,653
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,038,320 | €988,233 | -€50,087 | -4.8% |
| Fixed assets | 21/28 | €769,217 | €481,424 | -€287,793 | -37.4% |
| Tangible fixed assets | 22/27 | €769,217 | €481,424 | -€287,793 | -37.4% |
| Land and buildings | 22 | €757,528 | €481,424 | -€276,104 | -36.4% |
| Plant, machinery and equipment | 23 | €11,689 | €0 | -€11,689 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €269,103 | €506,809 | +€237,705 | +88.3% |
| Amounts receivable within one year | 40/41 | €9,718 | €4,718 | -€5,000 | -51.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,718 | €4,718 | -€5,000 | -51.5% |
| Current investments | 50/53 | €240,000 | €240,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,133 | €261,624 | +€243,491 | +1,343% |
| Deferred charges and accrued income | 490/1 | €1,253 | €467 | -€785 | -62.7% |
| Total equity and liabilities | 10/49 | €1,038,320 | €988,233 | -€50,087 | -4.8% |
| Equity | 10/15 | €834,182 | €857,043 | +€22,862 | +2.7% |
| Contributions | 10/11 | €228,671 | €228,671 | = | 0.0% |
| Capital | 10 | €228,671 | €228,671 | = | 0.0% |
| Issued capital | 100 | €228,671 | €228,671 | = | 0.0% |
| Reserves | 13 | €605,511 | €628,372 | +€22,862 | +3.8% |
| Non-distributable reserves | 130/1 | €22,867 | €22,867 | = | 0.0% |
| Legal reserve | 130 | €22,867 | €22,867 | = | 0.0% |
| Tax-exempt reserves | 132 | €395,273 | €229,897 | -€165,376 | -41.8% |
| Distributable reserves | 133 | €187,371 | €375,608 | +€188,237 | +100% |
| Provisions and deferred taxes | 16 | €202,177 | €117,073 | -€85,104 | -42.1% |
| Deferred taxes | 168 | €202,177 | €117,073 | -€85,104 | -42.1% |
| Amounts payable | 17/49 | €1,961 | €14,116 | +€12,155 | +620% |
| Amounts payable within one year | 42/48 | €1,961 | €13,311 | +€11,350 | +579% |
| Trade debts | 44 | €701 | €1,897 | +€1,196 | +171% |
| Suppliers | 440/4 | €701 | €1,897 | +€1,196 | +171% |
| Taxes, remuneration and social security | 45 | - | €6,448 | +€6,448 | |
| Taxes | 450/3 | - | €6,448 | +€6,448 | |
| Other amounts payable | 47/48 | €1,260 | €4,967 | +€3,707 | +294% |
| Accrued charges and deferred income | 492/3 | €0 | €805 | +€805 | |
| Non-recurring operating income | 76A | - | €42,666 | +€42,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,840 | €19,731 | -€22,110 | -52.8% |
| Other operating charges | 640/8 | €3,291 | €2,653 | -€638 | -19.4% |
| Gross operating margin | 9900 | €13,057 | €32,565 | +€19,508 | +149% |
| Operating profit (loss) | 9901 | -€32,074 | €10,182 | +€42,255 | |
| Financial income | 75/76B | €650 | €13,319 | +€12,669 | +1,949% |
| Recurring financial income | 75 | €650 | €13,319 | +€12,669 | +1,949% |
| Financial charges | 65/66B | €287 | €300 | +€13 | +4.7% |
| Recurring financial charges | 65 | €287 | €300 | +€13 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€31,711 | €23,201 | +€54,912 | |
| Transfer from deferred taxes | 780 | €11,675 | €85,104 | +€73,430 | +629% |
| Income taxes | 67/77 | €282 | €85,443 | +€85,161 | +30,154% |
| Profit (loss) for the period | 9904 | -€20,319 | €22,862 | +€43,180 | |
| Transfer from tax-exempt reserves | 789 | €23,143 | €165,376 | +€142,233 | +615% |
| Profit (loss) for the period to be appropriated | 9905 | €2,824 | €188,237 | +€185,413 | +6,565% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.