Karel Nijs: what changed
What changed
Karel Nijs
NACE 69.203, Activities of company auditors
filed annual accounts (NBB)
Net result for the year
€611,364
2024 · €490,659+€120,705
Equity
€711,341
2024 · €816,314-€104,973
Cash
€238,168
2024 · €95,031+€143,137
Balance sheet total
€1.9m
2024 · €1.3m+€587,452
Largest movements
Assets
- Receivables within one year +€350,945
up €350,945 (+103%), from €340,744 to €691,689
of which Trade receivables: +€351,248
- Cash +€143,137
up €143,137 (+151%), from €95,031 to €238,168
mainly Other debts (+€656,631) and Net result for the year (+€611,364)
- Tangible fixed assets +€116,750
up €116,750 (+21.5%), from €544,237 to €660,987
of which Furniture and vehicles: +€63,414
- Receivables after one year -€25,088
down €25,088 (-7.3%), from €343,156 to €318,068
Equity and liabilities
- Other debts +€656,631
up €656,631 (+762%), from €86,120 to €742,751
- Reserves -€104,973
down €104,973 (-13.2%), from €797,714 to €692,741
of which Distributable reserves: -€374,413
- Trade debts +€39,704
up €39,704 (+358%), from €11,078 to €50,783
Income statement
- Gross operating margin +€226,699
up €226,699 (+31.0%), from €731,761 to €958,460
- Taxes +€87,675
up €87,675 (+56.0%), from €156,585 to €244,260
- Depreciation +€23,506
up €23,506 (+92.8%), from €25,325 to €48,831
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.
Result 2024
€490,659
Gross operating margin
+€226,699
Staff costs
+€4,717
Depreciation
-€23,506
Other operating charges
-€3,457
Financial income
+€661
Financial charges
+€3,266
Taxes
-€87,675
Result 2025
€611,364
raises the resultlowers the result
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.
From operations
+€1.0m
Investment
-€165,581
Financing
-€724,985
Cash 2024
€95,031
From operations (derived)
+€1.0m
Net result for the year
+€611,364
Depreciation
+€48,831
Receivables after one year
+€25,088
Receivables within one year
-€350,945
Smaller working-capital items
-€2,041
Trade debts
+€39,704
Tax, wage and social debts
+€5,070
Other debts
+€656,631
Investment (derived)
-€165,581
Investment in fixed assets (net)
-€165,581
Financing
-€724,985
Debts after one year
+€1,610
Current portion of long-term debt
-€10,258
Contributions, distributions and other
-€716,337
Cash 2025
€238,168
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,334,860 | €1,922,313 | +€587,452 | +44.0% |
| Fixed assets | 21/28 | €544,237 | €660,987 | +€116,750 | +21.5% |
| Tangible fixed assets | 22/27 | €544,237 | €660,987 | +€116,750 | +21.5% |
| Land and buildings | 22 | €493,763 | €480,498 | -€13,265 | -2.7% |
| Plant, machinery and equipment | 23 | €1,524 | €5,583 | +€4,060 | +266% |
| Furniture and vehicles | 24 | €14,420 | €77,834 | +€63,414 | +440% |
| Other tangible fixed assets | 26 | €34,530 | €97,072 | +€62,542 | +181% |
| Current assets | 29/58 | €790,624 | €1,261,326 | +€470,702 | +59.5% |
| Amounts receivable after more than one year | 29 | €343,156 | €318,068 | -€25,088 | -7.3% |
| Other amounts receivable | 291 | €343,156 | €318,068 | -€25,088 | -7.3% |
| Amounts receivable within one year | 40/41 | €340,744 | €691,689 | +€350,945 | +103% |
| Trade receivables | 40 | €340,441 | €691,689 | +€351,248 | +103% |
| Other amounts receivable | 41 | €303 | - | -€303 | |
| Cash at bank and in hand | 54/58 | €95,031 | €238,168 | +€143,137 | +151% |
| Deferred charges and accrued income | 490/1 | €11,692 | €13,401 | +€1,708 | +14.6% |
| Total equity and liabilities | 10/49 | €1,334,860 | €1,922,313 | +€587,452 | +44.0% |
| Equity | 10/15 | €816,314 | €711,341 | -€104,973 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €797,714 | €692,741 | -€104,973 | -13.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €269,440 | +€269,440 | |
| Distributable reserves | 133 | €795,854 | €421,441 | -€374,413 | -47.0% |
| Amounts payable | 17/49 | €518,546 | €1,210,972 | +€692,426 | +134% |
| Amounts payable after more than one year | 17 | €324,865 | €326,475 | +€1,610 | +0.5% |
| Financial debts | 170/4 | €324,865 | €326,475 | +€1,610 | +0.5% |
| Amounts payable within one year | 42/48 | €188,100 | €879,248 | +€691,148 | +367% |
| Current portion of amounts payable after more than one year | 42 | €59,164 | €48,906 | -€10,258 | -17.3% |
| Trade debts | 44 | €11,078 | €50,783 | +€39,704 | +358% |
| Suppliers | 440/4 | €11,078 | €50,783 | +€39,704 | +358% |
| Taxes, remuneration and social security | 45 | €31,738 | €36,809 | +€5,070 | +16.0% |
| Taxes | 450/3 | €26,929 | €31,011 | +€4,082 | +15.2% |
| Remuneration and social security | 454/9 | €4,809 | €5,797 | +€988 | +20.5% |
| Other amounts payable | 47/48 | €86,120 | €742,751 | +€656,631 | +762% |
| Accrued charges and deferred income | 492/3 | €5,581 | €5,249 | -€332 | -6.0% |
| Remuneration, social security and pensions | 62 | €40,381 | €35,664 | -€4,717 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,325 | €48,831 | +€23,506 | +92.8% |
| Other operating charges | 640/8 | €3,274 | €6,731 | +€3,457 | +106% |
| Gross operating margin | 9900 | €731,761 | €958,460 | +€226,699 | +31.0% |
| Operating profit (loss) | 9901 | €662,781 | €867,234 | +€204,453 | +30.8% |
| Financial income | 75/76B | €4,014 | €4,675 | +€661 | +16.5% |
| Recurring financial income | 75 | €4,014 | €4,675 | +€661 | +16.5% |
| Financial charges | 65/66B | €19,551 | €16,285 | -€3,266 | -16.7% |
| Recurring financial charges | 65 | €19,551 | €16,285 | -€3,266 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €647,244 | €855,624 | +€208,380 | +32.2% |
| Income taxes | 67/77 | €156,585 | €244,260 | +€87,675 | +56.0% |
| Profit (loss) for the period | 9904 | €490,659 | €611,364 | +€120,705 | +24.6% |
| Transfer to tax-exempt reserves | 689 | - | €269,440 | +€269,440 | |
| Profit (loss) for the period to be appropriated | 9905 | €490,659 | €341,924 | -€148,735 | -30.3% |
Next steps
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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 8 November 2026 via checked.be.