NADIA LUYTEN: 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.
NADIA LUYTEN
Largest movements
- Receivables within one year +€100,000
up €100,000 (+46.6%), from €214,683 to €314,683
- Cash -€40,236
down €40,236 (-21.1%), from €190,881 to €150,645
mainly Receivables within one year (-€100,000) and Contributions, distributions and other (-€12,000)
- Deferred charges and accrued income +€4,769
up €4,769 (+890%), from €536 to €5,305
- Reserves +€61,135
up €61,135 (+23.1%), from €265,067 to €326,202
- Profit (loss) carried forward -€12,000
down €12,000 (-11.5%), from €104,292 to €92,292
- Other debts +€8,195
up €8,195 (+115%), from €7,132 to €15,327
- Tax, wage and social debts +€7,052
up €7,052 (+62.8%), from €11,226 to €18,279
- Gross operating margin +€10,553
up €10,553 (+14.2%), from €74,577 to €85,130
- Financial income +€2,681
new in 2025: €2,681
- Taxes +€1,872
up €1,872 (+8.0%), from €23,463 to €25,335
- Financial charges -€962
down €962 (-68.1%), from €1,413 to €451
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 | €406,100 | €470,633 | +€64,533 | +15.9% |
| Current assets | 29/58 | €406,100 | €470,633 | +€64,533 | +15.9% |
| Amounts receivable within one year | 40/41 | €214,683 | €314,683 | +€100,000 | +46.6% |
| Other amounts receivable | 41 | €214,683 | €314,683 | +€100,000 | +46.6% |
| Cash at bank and in hand | 54/58 | €190,881 | €150,645 | -€40,236 | -21.1% |
| Deferred charges and accrued income | 490/1 | €536 | €5,305 | +€4,769 | +890% |
| Total equity and liabilities | 10/49 | €406,100 | €470,633 | +€64,533 | +15.9% |
| Equity | 10/15 | €381,759 | €430,895 | +€49,135 | +12.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €265,067 | €326,202 | +€61,135 | +23.1% |
| Distributable reserves | 133 | €265,067 | €326,202 | +€61,135 | +23.1% |
| Profit (loss) carried forward | 14 | €104,292 | €92,292 | -€12,000 | -11.5% |
| Amounts payable | 17/49 | €24,341 | €39,739 | +€15,398 | +63.3% |
| Amounts payable within one year | 42/48 | €24,341 | €39,739 | +€15,398 | +63.3% |
| Financial debts | 43 | €5,073 | €5,095 | +€21 | +0.4% |
| Credit institutions | 430/8 | €5,073 | €5,095 | +€21 | +0.4% |
| Trade debts | 44 | €909 | €1,038 | +€129 | +14.2% |
| Suppliers | 440/4 | €909 | €1,038 | +€129 | +14.2% |
| Taxes, remuneration and social security | 45 | €11,226 | €18,279 | +€7,052 | +62.8% |
| Taxes | 450/3 | €11,226 | €18,279 | +€7,052 | +62.8% |
| Other amounts payable | 47/48 | €7,132 | €15,327 | +€8,195 | +115% |
| Other operating charges | 640/8 | €619 | €890 | +€270 | +43.7% |
| Gross operating margin | 9900 | €74,577 | €85,130 | +€10,553 | +14.2% |
| Operating profit (loss) | 9901 | €73,958 | €84,240 | +€10,282 | +13.9% |
| Financial income | 75/76B | - | €2,681 | +€2,681 | |
| Recurring financial income | 75 | - | €2,681 | +€2,681 | |
| Financial charges | 65/66B | €1,413 | €451 | -€962 | -68.1% |
| Recurring financial charges | 65 | €1,413 | €451 | -€962 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €72,545 | €86,470 | +€13,925 | +19.2% |
| Income taxes | 67/77 | €23,463 | €25,335 | +€1,872 | +8.0% |
| Profit (loss) for the period | 9904 | €49,082 | €61,135 | +€12,053 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,082 | €61,135 | +€12,053 | +24.6% |
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 21 October 2026 via checked.be.