LE NUTON - PUB: 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.
LE NUTON - PUB
Largest movements
- Cash +€9,584
up €9,584 (+61.3%), from €15,634 to €25,218
mainly Net result for the year (+€5,121) and Depreciation (+€4,678)
- Receivables within one year +€4,795
up €4,795 (+65.1%), from €7,362 to €12,157
of which Trade receivables: +€3,933
- Tangible fixed assets -€4,678
down €4,678 (-16.4%), from €28,512 to €23,834
of which Land and buildings: -€3,058
- Reserves +€5,000
up €5,000 (+25.0%), from €20,000 to €25,000
- Trade debts +€3,084
up €3,084 (+115%), from €2,682 to €5,766
- Tax, wage and social debts +€2,433
up €2,433 (+30.3%), from €8,036 to €10,469
of which Remuneration and social security: +€2,965
- Short-term financial debts -€1,123
down €1,123 (-28.1%), from €4,003 to €2,880
- Other debts +€798
up €798 (+15.5%), from €5,142 to €5,941
- Gross operating margin +€23,245
up €23,245 (+53.6%), from €43,376 to €66,621
- Staff costs +€12,040
up €12,040 (+30.3%), from €39,773 to €51,814
- Taxes +€2,661
new in 2025: €2,661
- Depreciation -€844
down €844 (-15.3%), from €5,522 to €4,678
From the 2024 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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,291 | €75,604 | +€10,313 | +15.8% |
| Fixed assets | 21/28 | €29,740 | €25,062 | -€4,678 | -15.7% |
| Tangible fixed assets | 22/27 | €28,512 | €23,834 | -€4,678 | -16.4% |
| Land and buildings | 22 | €16,406 | €13,348 | -€3,058 | -18.6% |
| Plant, machinery and equipment | 23 | €11,514 | €10,486 | -€1,028 | -8.9% |
| Furniture and vehicles | 24 | €592 | - | -€592 | |
| Financial fixed assets | 28 | €1,228 | €1,228 | = | 0.0% |
| Current assets | 29/58 | €35,551 | €50,542 | +€14,991 | +42.2% |
| Stocks and contracts in progress | 3 | €12,534 | €12,534 | = | 0.0% |
| Stocks | 30/36 | €12,534 | €12,534 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,362 | €12,157 | +€4,795 | +65.1% |
| Trade receivables | 40 | €4,185 | €8,118 | +€3,933 | +94.0% |
| Other amounts receivable | 41 | €3,177 | €4,039 | +€862 | +27.1% |
| Cash at bank and in hand | 54/58 | €15,634 | €25,218 | +€9,584 | +61.3% |
| Deferred charges and accrued income | 490/1 | €21 | €633 | +€612 | +2,973% |
| Total equity and liabilities | 10/49 | €65,291 | €75,604 | +€10,313 | +15.8% |
| Equity | 10/15 | €45,427 | €50,548 | +€5,121 | +11.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Distributable reserves | 133 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Profit (loss) carried forward | 14 | €15,427 | €15,548 | +€121 | +0.8% |
| Amounts payable | 17/49 | €19,863 | €25,055 | +€5,192 | +26.1% |
| Amounts payable within one year | 42/48 | €19,863 | €25,055 | +€5,192 | +26.1% |
| Financial debts | 43 | €4,003 | €2,880 | -€1,123 | -28.1% |
| Credit institutions | 430/8 | €4,003 | €2,880 | -€1,123 | -28.1% |
| Trade debts | 44 | €2,682 | €5,766 | +€3,084 | +115% |
| Suppliers | 440/4 | €2,682 | €5,766 | +€3,084 | +115% |
| Taxes, remuneration and social security | 45 | €8,036 | €10,469 | +€2,433 | +30.3% |
| Taxes | 450/3 | €6,659 | €6,127 | -€532 | -8.0% |
| Remuneration and social security | 454/9 | €1,377 | €4,342 | +€2,965 | +215% |
| Other amounts payable | 47/48 | €5,142 | €5,941 | +€798 | +15.5% |
| Remuneration, social security and pensions | 62 | €39,773 | €51,814 | +€12,040 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,522 | €4,678 | -€844 | -15.3% |
| Other operating charges | 640/8 | €626 | €761 | +€136 | +21.7% |
| Gross operating margin | 9900 | €43,376 | €66,621 | +€23,245 | +53.6% |
| Operating profit (loss) | 9901 | -€2,545 | €9,368 | +€11,913 | |
| Financial income | 75/76B | €4 | €4 | -€1 | -20.0% |
| Recurring financial income | 75 | €4 | €4 | -€1 | -20.0% |
| Financial charges | 65/66B | €953 | €1,590 | +€637 | +66.8% |
| Recurring financial charges | 65 | €953 | €1,590 | +€637 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,494 | €7,782 | +€11,275 | |
| Income taxes | 67/77 | - | €2,661 | +€2,661 | |
| Profit (loss) for the period | 9904 | -€3,494 | €5,121 | +€8,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,494 | €5,121 | +€8,615 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.