MULLIEZ NICOLAS: what changed
MULLIEZ NICOLAS
Largest movements
- Tangible fixed assets -€23,249
down €23,249 (-39.9%), from €58,250 to €35,001
of which Furniture and vehicles: -€20,935
- Receivables within one year -€15,988
down €15,988 (-37.1%), from €43,042 to €27,055
of which Trade receivables: -€20,200
- Cash +€7,970
up €7,970 (+8.0%), from €99,339 to €107,309
mainly Net result for the year (+€40,792) and Depreciation (+€23,249)
- Deferred charges and accrued income -€2,453
down €2,453 (-69.9%), from €3,511 to €1,058
- Other debts -€73,916
down €73,916 (-100%), from €73,916 to €0
- Reserves +€40,792
up €40,792 (+41.8%), from €97,559 to €138,351
- Trade debts -€2,461
down €2,461 (-66.9%), from €3,677 to €1,217
- Gross operating margin -€13,000
down €13,000 (-14.4%), from €90,340 to €77,340
- Depreciation -€8,018
down €8,018 (-25.6%), from €31,267 to €23,249
- Taxes -€1,329
down €1,329 (-10.6%), from €12,552 to €11,223
- Other operating charges +€1,087
up €1,087 (+145%), from €748 to €1,835
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 | €204,142 | €170,422 | -€33,720 | -16.5% |
| Fixed assets | 21/28 | €58,250 | €35,001 | -€23,249 | -39.9% |
| Tangible fixed assets | 22/27 | €58,250 | €35,001 | -€23,249 | -39.9% |
| Plant, machinery and equipment | 23 | €1,422 | €1,081 | -€342 | -24.0% |
| Furniture and vehicles | 24 | €50,964 | €30,029 | -€20,935 | -41.1% |
| Other tangible fixed assets | 26 | €5,864 | €3,892 | -€1,973 | -33.6% |
| Current assets | 29/58 | €145,892 | €135,421 | -€10,471 | -7.2% |
| Amounts receivable within one year | 40/41 | €43,042 | €27,055 | -€15,988 | -37.1% |
| Trade receivables | 40 | €43,023 | €22,823 | -€20,200 | -47.0% |
| Other amounts receivable | 41 | €19 | €4,232 | +€4,213 | +22,000% |
| Cash at bank and in hand | 54/58 | €99,339 | €107,309 | +€7,970 | +8.0% |
| Deferred charges and accrued income | 490/1 | €3,511 | €1,058 | -€2,453 | -69.9% |
| Total equity and liabilities | 10/49 | €204,142 | €170,422 | -€33,720 | -16.5% |
| Equity | 10/15 | €107,559 | €148,351 | +€40,792 | +37.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €97,559 | €138,351 | +€40,792 | +41.8% |
| Distributable reserves | 133 | €97,559 | €138,351 | +€40,792 | +41.8% |
| Amounts payable | 17/49 | €96,583 | €22,071 | -€74,512 | -77.1% |
| Amounts payable within one year | 42/48 | €96,583 | €22,071 | -€74,512 | -77.1% |
| Trade debts | 44 | €3,677 | €1,217 | -€2,461 | -66.9% |
| Suppliers | 440/4 | €3,677 | €1,217 | -€2,461 | -66.9% |
| Taxes, remuneration and social security | 45 | €18,990 | €20,854 | +€1,864 | +9.8% |
| Taxes | 450/3 | €16,790 | €18,654 | +€1,864 | +11.1% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €73,916 | €0 | -€73,916 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,267 | €23,249 | -€8,018 | -25.6% |
| Other operating charges | 640/8 | €748 | €1,835 | +€1,087 | +145% |
| Gross operating margin | 9900 | €90,340 | €77,340 | -€13,000 | -14.4% |
| Operating profit (loss) | 9901 | €58,325 | €52,256 | -€6,070 | -10.4% |
| Financial income | 75/76B | - | €171 | +€171 | |
| Recurring financial income | 75 | - | €171 | +€171 | |
| Financial charges | 65/66B | €151 | €413 | +€262 | +174% |
| Recurring financial charges | 65 | €151 | €413 | +€262 | +174% |
| Profit (loss) for the period before taxes | 9903 | €58,175 | €52,015 | -€6,160 | -10.6% |
| Income taxes | 67/77 | €12,552 | €11,223 | -€1,329 | -10.6% |
| Profit (loss) for the period | 9904 | €45,622 | €40,792 | -€4,831 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,622 | €40,792 | -€4,831 | -10.6% |
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 2 November 2026 via checked.be.