Nachtwerk: 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.
Nachtwerk
Largest movements
- Cash -€43,976
down €43,976 (-60.4%), from €72,774 to €28,798
mainly Contributions, distributions and other (-€90,000) and Tax, wage and social debts (-€5,516)
- Receivables within one year -€9,293
down €9,293 (-57.4%), from €16,192 to €6,898
of which Trade receivables: -€8,078
- Profit (loss) carried forward -€47,740
down €47,740 (-96.1%), from €49,686 to €1,946
- Tax, wage and social debts -€5,516
down €5,516 (-68.7%), from €8,031 to €2,516
- Other debts -€1,532
down €1,532 (-10.7%), from €14,278 to €12,746
- Trade debts +€1,025
up €1,025 (+39.2%), from €2,617 to €3,642
- Gross operating margin -€12,401
down €12,401 (-17.2%), from €72,179 to €59,778
- Taxes -€3,087
down €3,087 (-17.0%), from €18,188 to €15,102
- Depreciation -€1,493
down €1,493 (-38.0%), from €3,934 to €2,440
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.
Cash bridge derived
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 | €93,893 | €39,816 | -€54,077 | -57.6% |
| Fixed assets | 21/28 | €4,702 | €3,894 | -€808 | -17.2% |
| Tangible fixed assets | 22/27 | €4,702 | €3,894 | -€808 | -17.2% |
| Furniture and vehicles | 24 | €4,702 | €3,894 | -€808 | -17.2% |
| Current assets | 29/58 | €89,191 | €35,922 | -€53,269 | -59.7% |
| Amounts receivable within one year | 40/41 | €16,192 | €6,898 | -€9,293 | -57.4% |
| Trade receivables | 40 | €13,078 | €5,000 | -€8,078 | -61.8% |
| Other amounts receivable | 41 | €3,114 | €1,898 | -€1,215 | -39.0% |
| Cash at bank and in hand | 54/58 | €72,774 | €28,798 | -€43,976 | -60.4% |
| Deferred charges and accrued income | 490/1 | €225 | €225 | = | 0.0% |
| Total equity and liabilities | 10/49 | €93,893 | €39,816 | -€54,077 | -57.6% |
| Equity | 10/15 | €68,967 | €20,913 | -€48,054 | -69.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €681 | €367 | -€314 | -46.1% |
| Distributable reserves | 133 | €681 | €367 | -€314 | -46.1% |
| Profit (loss) carried forward | 14 | €49,686 | €1,946 | -€47,740 | -96.1% |
| Amounts payable | 17/49 | €24,926 | €18,904 | -€6,022 | -24.2% |
| Amounts payable within one year | 42/48 | €24,926 | €18,904 | -€6,022 | -24.2% |
| Trade debts | 44 | €2,617 | €3,642 | +€1,025 | +39.2% |
| Suppliers | 440/4 | €2,617 | €3,642 | +€1,025 | +39.2% |
| Taxes, remuneration and social security | 45 | €8,031 | €2,516 | -€5,516 | -68.7% |
| Taxes | 450/3 | €8,031 | €2,516 | -€5,516 | -68.7% |
| Other amounts payable | 47/48 | €14,278 | €12,746 | -€1,532 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,934 | €2,440 | -€1,493 | -38.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €72,179 | €59,778 | -€12,401 | -17.2% |
| Operating profit (loss) | 9901 | €68,128 | €57,218 | -€10,910 | -16.0% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €253 | €188 | -€65 | -25.8% |
| Recurring financial charges | 65 | €253 | €188 | -€65 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €67,874 | €57,047 | -€10,827 | -16.0% |
| Income taxes | 67/77 | €18,188 | €15,102 | -€3,087 | -17.0% |
| Profit (loss) for the period | 9904 | €49,686 | €41,946 | -€7,740 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,686 | €41,946 | -€7,740 | -15.6% |
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 9 October 2026 via checked.be.