NADIA DECOCK: what changed
Two fiscal 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.
NADIA DECOCK
Largest movements
- Cash -€35,295
down €35,295 (-80.2%), from €43,999 to €8,705
mainly Net result for the year (-€51,645) and Debts after one year (-€18,566)
- Tangible fixed assets -€18,103
down €18,103 (-6.0%), from €303,959 to €285,856
- Reserves -€31,575
down €31,575 (-100.0%), from €31,575 to €0
- Other debts +€28,297
up €28,297 (+85.7%), from €33,022 to €61,319
- Profit (loss) carried forward -€20,070
down €20,070, from €0 to -€20,070
- Debts after one year -€18,566
down €18,566 (-7.7%), from €241,273 to €222,707
- Current portion of long-term debt -€8,630
down €8,630 (-31.7%), from €27,195 to €18,566
- Gross operating margin -€90,662
down €90,662, from €65,195 to -€25,467
- Taxes -€9,469
down €9,469 (-95.5%), from €9,915 to €446
- Other operating charges +€1,516
up €1,516 (+122.2%), from €1,241 to €2,757
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 | €350,684 | €296,194 | -€54,490 | -15.5% |
| Fixed assets | 21/28 | €303,959 | €285,856 | -€18,103 | -6.0% |
| Tangible fixed assets | 22/27 | €303,959 | €285,856 | -€18,103 | -6.0% |
| Land and buildings | 22 | €274,986 | €268,531 | -€6,456 | -2.3% |
| Plant, machinery and equipment | 23 | €17,278 | €14,612 | -€2,667 | -15.4% |
| Furniture and vehicles | 24 | €11,695 | €2,713 | -€8,981 | -76.8% |
| Current assets | 29/58 | €46,725 | €10,338 | -€36,387 | -77.9% |
| Amounts receivable within one year | 40/41 | €2,725 | €1,633 | -€1,092 | -40.1% |
| Trade receivables | 40 | €2,640 | €1,563 | -€1,077 | -40.8% |
| Other amounts receivable | 41 | €85 | €71 | -€15 | -17.4% |
| Cash at bank and in hand | 54/58 | €43,999 | €8,705 | -€35,295 | -80.2% |
| Total equity and liabilities | 10/49 | €350,684 | €296,194 | -€54,490 | -15.5% |
| Equity | 10/15 | €34,075 | -€17,570 | -€51,645 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,575 | €0 | -€31,575 | -100.0% |
| Distributable reserves | 133 | €31,575 | €0 | -€31,575 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€20,070 | -€20,070 | |
| Amounts payable | 17/49 | €316,609 | €313,763 | -€2,845 | -0.9% |
| Amounts payable after more than one year | 17 | €241,273 | €222,707 | -€18,566 | -7.7% |
| Financial debts | 170/4 | €241,273 | €222,707 | -€18,566 | -7.7% |
| Amounts payable within one year | 42/48 | €71,290 | €88,297 | +€17,007 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €27,195 | €18,566 | -€8,630 | -31.7% |
| Trade debts | 44 | €513 | €1,478 | +€965 | +187.9% |
| Suppliers | 440/4 | €513 | €1,478 | +€965 | +187.9% |
| Taxes, remuneration and social security | 45 | €10,560 | €6,934 | -€3,625 | -34.3% |
| Taxes | 450/3 | €10,560 | €4,709 | -€5,850 | -55.4% |
| Remuneration and social security | 454/9 | €0 | €2,225 | +€2,225 | |
| Other amounts payable | 47/48 | €33,022 | €61,319 | +€28,297 | +85.7% |
| Accrued charges and deferred income | 492/3 | €4,045 | €2,759 | -€1,286 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,985 | €18,103 | +€118 | +0.7% |
| Other operating charges | 640/8 | €1,241 | €2,757 | +€1,516 | +122.2% |
| Gross operating margin | 9900 | €65,195 | -€25,467 | -€90,662 | |
| Operating profit (loss) | 9901 | €45,969 | -€46,327 | -€92,296 | |
| Financial income | 75/76B | €7 | €11 | +€4 | +56.3% |
| Recurring financial income | 75 | €7 | €11 | +€4 | +56.3% |
| Financial charges | 65/66B | €4,485 | €4,882 | +€397 | +8.8% |
| Recurring financial charges | 65 | €4,485 | €4,882 | +€397 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €41,490 | -€51,199 | -€92,689 | |
| Income taxes | 67/77 | €9,915 | €446 | -€9,469 | -95.5% |
| Profit (loss) for the period | 9904 | €31,575 | -€51,645 | -€83,220 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,575 | -€51,645 | -€83,220 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.