LAURENT NOWICKI: what changed
What changed
LAURENT NOWICKI
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€457,779
2025 · €367,964+€89,816
Equity
€326,302
2025 · €328,523-€2,221
Cash
€362,478
2025 · €442,378-€79,900
Balance sheet total
€1.6m
2025 · €1.6m-€10,713
Largest movements
Assets
- Cash -€79,900
down €79,900 (-18.1%), from €442,378 to €362,478
mainly Contributions, distributions and other (-€460,000) and Debts after one year (-€165,536)
- Receivables after one year +€56,227
up €56,227 (+7.1%), from €793,773 to €850,000
- Tangible fixed assets +€16,823
up €16,823 (+4.9%), from €345,596 to €362,419
of which Land and buildings: +€19,965
Equity and liabilities
- Debts after one year -€165,536
down €165,536 (-46.4%), from €356,895 to €191,358
- Other debts +€81,157
up €81,157 (+27.2%), from €298,100 to €379,257
- Short-term financial debts +€60,725
up €60,725 (+13.2%), from €460,508 to €521,233
- Tax, wage and social debts +€38,514
up €38,514 (+50.2%), from €76,648 to €115,161
of which Taxes: +€34,100
- Current portion of long-term debt -€26,149
down €26,149 (-39.9%), from €65,489 to €39,340
Income statement
- Gross operating margin +€113,891
up €113,891 (+21.6%), from €526,082 to €639,973
- Taxes +€28,518
up €28,518 (+23.9%), from €119,429 to €147,947
Change in the result, 2025 to 2026
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 2025
€367,964
Gross operating margin
+€113,891
Depreciation
+€2,769
Other operating charges
-€1,339
Financial income
+€625
Financial charges
+€2,388
Taxes
-€28,518
Result 2026
€457,779
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€542,551
Investment
-€31,491
Financing
-€590,960
Cash 2025
€442,378
From operations (derived)
+€542,551
Net result for the year
+€457,779
Depreciation
+€14,168
Receivables after one year
-€56,227
Receivables within one year
+€2,598
Deferred charges and accrued income
+€1,764
Trade debts
+€1,880
Tax, wage and social debts
+€38,514
Other debts
+€81,157
Accrued charges and deferred income
+€917
Investment (derived)
-€31,491
Investment in fixed assets (net)
-€31,491
Financing
-€590,960
Debts after one year
-€165,536
Current portion of long-term debt
-€26,149
Short-term financial debts
+€60,725
Contributions, distributions and other
-€460,000
Cash 2026
€362,478
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,613,101 | €1,602,387 | -€10,713 | -0.7% |
| Fixed assets | 21/28 | €347,186 | €364,509 | +€17,323 | +5.0% |
| Tangible fixed assets | 22/27 | €345,596 | €362,419 | +€16,823 | +4.9% |
| Land and buildings | 22 | €327,131 | €347,095 | +€19,965 | +6.1% |
| Plant, machinery and equipment | 23 | - | €979 | +€979 | |
| Furniture and vehicles | 24 | €18,465 | €14,344 | -€4,121 | -22.3% |
| Financial fixed assets | 28 | €1,590 | €2,090 | +€500 | +31.4% |
| Current assets | 29/58 | €1,265,915 | €1,237,879 | -€28,036 | -2.2% |
| Amounts receivable after more than one year | 29 | €793,773 | €850,000 | +€56,227 | +7.1% |
| Other amounts receivable | 291 | €793,773 | €850,000 | +€56,227 | +7.1% |
| Amounts receivable within one year | 40/41 | €10,618 | €8,019 | -€2,598 | -24.5% |
| Trade receivables | 40 | €3,892 | €3,864 | -€29 | -0.7% |
| Other amounts receivable | 41 | €6,726 | €4,156 | -€2,570 | -38.2% |
| Cash at bank and in hand | 54/58 | €442,378 | €362,478 | -€79,900 | -18.1% |
| Deferred charges and accrued income | 490/1 | €19,146 | €17,382 | -€1,764 | -9.2% |
| Total equity and liabilities | 10/49 | €1,613,101 | €1,602,387 | -€10,713 | -0.7% |
| Equity | 10/15 | €328,523 | €326,302 | -€2,221 | -0.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €277,246 | €277,246 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,546 | €2,546 | = | 0.0% |
| Distributable reserves | 133 | €271,700 | €271,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,277 | €19,056 | -€2,221 | -10.4% |
| Amounts payable | 17/49 | €1,284,578 | €1,276,086 | -€8,492 | -0.7% |
| Amounts payable after more than one year | 17 | €356,895 | €191,358 | -€165,536 | -46.4% |
| Financial debts | 170/4 | €356,895 | €191,358 | -€165,536 | -46.4% |
| Amounts payable within one year | 42/48 | €904,737 | €1,060,864 | +€156,127 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €65,489 | €39,340 | -€26,149 | -39.9% |
| Financial debts | 43 | €460,508 | €521,233 | +€60,725 | +13.2% |
| Other loans | 439 | €460,508 | €521,233 | +€60,725 | +13.2% |
| Trade debts | 44 | €3,992 | €5,872 | +€1,880 | +47.1% |
| Suppliers | 440/4 | €3,992 | €5,872 | +€1,880 | +47.1% |
| Taxes, remuneration and social security | 45 | €76,648 | €115,161 | +€38,514 | +50.2% |
| Taxes | 450/3 | €76,648 | €110,747 | +€34,100 | +44.5% |
| Remuneration and social security | 454/9 | - | €4,414 | +€4,414 | |
| Other amounts payable | 47/48 | €298,100 | €379,257 | +€81,157 | +27.2% |
| Accrued charges and deferred income | 492/3 | €22,946 | €23,863 | +€917 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,937 | €14,168 | -€2,769 | -16.3% |
| Other operating charges | 640/8 | €2,210 | €3,549 | +€1,339 | +60.6% |
| Gross operating margin | 9900 | €526,082 | €639,973 | +€113,891 | +21.6% |
| Operating profit (loss) | 9901 | €506,935 | €622,256 | +€115,321 | +22.7% |
| Financial income | 75/76B | €18,147 | €18,772 | +€625 | +3.4% |
| Recurring financial income | 75 | €18,147 | €18,772 | +€625 | +3.4% |
| Financial charges | 65/66B | €37,689 | €35,301 | -€2,388 | -6.3% |
| Recurring financial charges | 65 | €37,689 | €35,301 | -€2,388 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €487,392 | €605,726 | +€118,334 | +24.3% |
| Income taxes | 67/77 | €119,429 | €147,947 | +€28,518 | +23.9% |
| Profit (loss) for the period | 9904 | €367,964 | €457,779 | +€89,816 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €367,964 | €457,779 | +€89,816 | +24.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.