NACHTERGAELE KURT: what changed
What changed
NACHTERGAELE KURT
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€33,353
2025 · €33,072+€281
Equity
€519,033
2025 · €485,680+€33,353
Cash
€28,771
2025 · €7,236+€21,535
Balance sheet total
€583,408
2025 · €545,984+€37,424
Largest movements
Assets
- Cash +€21,535
up €21,535 (+298%), from €7,236 to €28,771
mainly Net result for the year (+€33,353) and Current portion of long-term debt (+€9,964)
- Receivables within one year +€20,157
up €20,157 (+7.6%), from €265,708 to €285,864
of which Other amounts receivable: +€41,026
Equity and liabilities
- Profit (loss) carried forward +€33,353
up €33,353 (+7.7%), from €434,870 to €468,223
- Tax, wage and social debts -€14,412
down €14,412 (-71.1%), from €20,269 to €5,858
- Current portion of long-term debt +€9,964
new in 2026: €9,964
- Trade debts +€8,518
up €8,518 (+23.4%), from €36,458 to €44,976
Income statement
- Staff costs +€1,720
up €1,720 (+861%), from €200 to €1,920
- Other operating charges -€1,281
down €1,281 (-29.2%), from €4,380 to €3,099
- Financial income +€1,140
up €1,140 (+10.4%), from €10,932 to €12,071
- Gross operating margin +€822
up €822 (+2.0%), from €41,304 to €42,127
- Financial charges +€730
up €730 (+73.6%), from €991 to €1,721
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
€33,072
Gross operating margin
+€822
Staff costs
-€1,720
Depreciation
-€674
Other operating charges
+€1,281
Financial income
+€1,140
Financial charges
-€730
Taxes
+€162
Result 2026
€33,353
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
+€11,571
Investment
€0
Financing
+€9,964
Cash 2025
€7,236
From operations (derived)
+€11,571
Net result for the year
+€33,353
Depreciation
+€3,610
Receivables within one year
-€20,157
Deferred charges and accrued income
+€658
Trade debts
+€8,518
Tax, wage and social debts
-€14,412
Financing
+€9,964
Current portion of long-term debt
+€9,964
Cash 2026
€28,771
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,984 | €583,408 | +€37,424 | +6.9% |
| Fixed assets | 21/28 | €22,382 | €18,773 | -€3,610 | -16.1% |
| Tangible fixed assets | 22/27 | €11,213 | €7,603 | -€3,610 | -32.2% |
| Land and buildings | 22 | €5,239 | €3,929 | -€1,310 | -25.0% |
| Furniture and vehicles | 24 | €5,974 | €3,674 | -€2,300 | -38.5% |
| Financial fixed assets | 28 | €11,169 | €11,169 | = | 0.0% |
| Current assets | 29/58 | €523,602 | €564,635 | +€41,033 | +7.8% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €265,708 | €285,864 | +€20,157 | +7.6% |
| Trade receivables | 40 | €60,349 | €39,480 | -€20,869 | -34.6% |
| Other amounts receivable | 41 | €205,359 | €246,385 | +€41,026 | +20.0% |
| Cash at bank and in hand | 54/58 | €7,236 | €28,771 | +€21,535 | +298% |
| Deferred charges and accrued income | 490/1 | €658 | - | -€658 | |
| Total equity and liabilities | 10/49 | €545,984 | €583,408 | +€37,424 | +6.9% |
| Equity | 10/15 | €485,680 | €519,033 | +€33,353 | +6.9% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Contributions outside capital | 11 | €29,747 | €29,747 | = | 0.0% |
| Other | 1109/19 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €21,063 | €21,063 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €18,088 | €18,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €434,870 | €468,223 | +€33,353 | +7.7% |
| Amounts payable | 17/49 | €60,304 | €64,375 | +€4,071 | +6.8% |
| Amounts payable within one year | 42/48 | €60,304 | €64,375 | +€4,071 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,964 | +€9,964 | |
| Trade debts | 44 | €36,458 | €44,976 | +€8,518 | +23.4% |
| Suppliers | 440/4 | €36,458 | €44,976 | +€8,518 | +23.4% |
| Taxes, remuneration and social security | 45 | €20,269 | €5,858 | -€14,412 | -71.1% |
| Taxes | 450/3 | €20,269 | €5,858 | -€14,412 | -71.1% |
| Other amounts payable | 47/48 | €3,576 | €3,576 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €200 | €1,920 | +€1,720 | +861% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,936 | €3,610 | +€674 | +23.0% |
| Other operating charges | 640/8 | €4,380 | €3,099 | -€1,281 | -29.2% |
| Gross operating margin | 9900 | €41,304 | €42,127 | +€822 | +2.0% |
| Operating profit (loss) | 9901 | €33,789 | €33,498 | -€291 | -0.9% |
| Financial income | 75/76B | €10,932 | €12,071 | +€1,140 | +10.4% |
| Recurring financial income | 75 | €10,932 | €12,071 | +€1,140 | +10.4% |
| Financial charges | 65/66B | €991 | €1,721 | +€730 | +73.6% |
| Recurring financial charges | 65 | €991 | €1,721 | +€730 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €43,730 | €43,849 | +€119 | +0.3% |
| Income taxes | 67/77 | €10,658 | €10,496 | -€162 | -1.5% |
| Profit (loss) for the period | 9904 | €33,072 | €33,353 | +€281 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,072 | €33,353 | +€281 | +0.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.