NACHTIGALL: 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.
NACHTIGALL
Largest movements
- Cash +€63,582
up €63,582 (+498%), from €12,776 to €76,359
mainly Other debts (+€72,282) and Net result for the year (+€68,663)
- Receivables within one year +€11,066
up €11,066 (+15.3%), from €72,145 to €83,212
of which Trade receivables: +€9,278
- Other debts +€72,282
up €72,282 (+8,635%), from €837 to €73,119
- Tax, wage and social debts +€11,980
up €11,980 (+187%), from €6,394 to €18,373
of which Taxes: +€11,980
- Trade debts -€5,878
no longer reported in 2025 (was €5,878)
- Reserves -€4,337
down €4,337 (-5.8%), from €75,415 to €71,077
- Gross operating margin +€77,755
up €77,755 (+611%), from €12,726 to €90,481
- Taxes +€16,201
up €16,201 (+750%), from €2,161 to €18,361
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 | €89,524 | €163,570 | +€74,046 | +82.7% |
| Fixed assets | 21/28 | €3,394 | €2,520 | -€874 | -25.7% |
| Tangible fixed assets | 22/27 | €3,394 | €2,520 | -€874 | -25.7% |
| Plant, machinery and equipment | 23 | €2,029 | €1,391 | -€639 | -31.5% |
| Furniture and vehicles | 24 | €1,365 | €1,129 | -€235 | -17.2% |
| Current assets | 29/58 | €86,130 | €161,050 | +€74,920 | +87.0% |
| Amounts receivable within one year | 40/41 | €72,145 | €83,212 | +€11,066 | +15.3% |
| Trade receivables | 40 | €72,145 | €81,424 | +€9,278 | +12.9% |
| Other amounts receivable | 41 | - | €1,788 | +€1,788 | |
| Cash at bank and in hand | 54/58 | €12,776 | €76,359 | +€63,582 | +498% |
| Deferred charges and accrued income | 490/1 | €1,208 | €1,479 | +€271 | +22.5% |
| Total equity and liabilities | 10/49 | €89,524 | €163,570 | +€74,046 | +82.7% |
| Equity | 10/15 | €76,415 | €72,077 | -€4,337 | -5.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €75,415 | €71,077 | -€4,337 | -5.8% |
| Distributable reserves | 133 | €75,415 | €71,077 | -€4,337 | -5.8% |
| Amounts payable | 17/49 | €13,109 | €91,492 | +€78,383 | +598% |
| Amounts payable within one year | 42/48 | €13,109 | €91,492 | +€78,383 | +598% |
| Trade debts | 44 | €5,878 | - | -€5,878 | |
| Suppliers | 440/4 | €5,878 | - | -€5,878 | |
| Taxes, remuneration and social security | 45 | €6,394 | €18,373 | +€11,980 | +187% |
| Taxes | 450/3 | €4,744 | €16,723 | +€11,980 | +253% |
| Remuneration and social security | 454/9 | €1,650 | €1,650 | = | 0.0% |
| Other amounts payable | 47/48 | €837 | €73,119 | +€72,282 | +8,635% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €874 | +€481 | +123% |
| Other operating charges | 640/8 | €882 | €841 | -€41 | -4.6% |
| Gross operating margin | 9900 | €12,726 | €90,481 | +€77,755 | +611% |
| Operating profit (loss) | 9901 | €11,451 | €88,766 | +€77,314 | +675% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €2,393 | €1,821 | -€572 | -23.9% |
| Recurring financial charges | 65 | €2,393 | €1,821 | -€572 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €9,058 | €87,024 | +€77,966 | +861% |
| Income taxes | 67/77 | €2,161 | €18,361 | +€16,201 | +750% |
| Profit (loss) for the period | 9904 | €6,898 | €68,663 | +€61,765 | +895% |
| Profit (loss) for the period to be appropriated | 9905 | €6,898 | €68,663 | +€61,765 | +895% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.