NAESSENS & PARTNERS: what changed
NAESSENS & PARTNERS
Largest movements
- Cash -€48,927
down €48,927 (-29.7%), from €164,822 to €115,895
mainly Contributions, distributions and other (-€92,100) and Receivables within one year (-€32,602)
- Receivables within one year +€32,602
up €32,602 (+54.0%), from €60,399 to €93,001
of which Trade receivables: +€32,528
- Reserves -€88,944
down €88,944 (-53.8%), from €165,312 to €76,368
of which Distributable reserves: -€88,944
- Profit (loss) carried forward +€61,802
up €61,802, from -€61,802 to €0
- Trade debts +€3,497
up €3,497 (+204%), from €1,718 to €5,215
- Other debts +€2,969
up €2,969 (+3.8%), from €77,760 to €80,729
- Gross operating margin -€17,561
down €17,561 (-18.1%), from €97,181 to €79,619
- Financial income -€12,416
down €12,416 (-99.8%), from €12,443 to €27
- Taxes +€4,106
up €4,106 (+813%), from €505 to €4,611
- Depreciation -€4,049
down €4,049 (-65.3%), from €6,200 to €2,151
- Financial charges +€1,056
up €1,056 (+21.2%), from €4,979 to €6,035
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,334 | €209,919 | -€18,415 | -8.1% |
| Fixed assets | 21/28 | €2,151 | €0 | -€2,151 | -100% |
| Tangible fixed assets | 22/27 | €2,151 | €0 | -€2,151 | -100% |
| Furniture and vehicles | 24 | €2,151 | €0 | -€2,151 | -100% |
| Current assets | 29/58 | €226,183 | €209,919 | -€16,263 | -7.2% |
| Amounts receivable within one year | 40/41 | €60,399 | €93,001 | +€32,602 | +54.0% |
| Trade receivables | 40 | €55,822 | €88,350 | +€32,528 | +58.3% |
| Other amounts receivable | 41 | €4,577 | €4,651 | +€74 | +1.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €164,822 | €115,895 | -€48,927 | -29.7% |
| Deferred charges and accrued income | 490/1 | €962 | €1,023 | +€61 | +6.4% |
| Total equity and liabilities | 10/49 | €228,334 | €209,919 | -€18,415 | -8.1% |
| Equity | 10/15 | €122,109 | €94,968 | -€27,141 | -22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,312 | €76,368 | -€88,944 | -53.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €163,452 | €74,508 | -€88,944 | -54.4% |
| Profit (loss) carried forward | 14 | -€61,802 | €0 | +€61,802 | |
| Amounts payable | 17/49 | €106,225 | €114,951 | +€8,726 | +8.2% |
| Amounts payable within one year | 42/48 | €106,225 | €114,951 | +€8,726 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,718 | €5,215 | +€3,497 | +204% |
| Suppliers | 440/4 | €1,718 | €5,215 | +€3,497 | +204% |
| Taxes, remuneration and social security | 45 | €26,746 | €29,007 | +€2,261 | +8.5% |
| Taxes | 450/3 | €26,746 | €29,007 | +€2,261 | +8.5% |
| Other amounts payable | 47/48 | €77,760 | €80,729 | +€2,969 | +3.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,200 | €2,151 | -€4,049 | -65.3% |
| Other operating charges | 640/8 | €2,110 | €1,890 | -€220 | -10.4% |
| Gross operating margin | 9900 | €97,181 | €79,619 | -€17,561 | -18.1% |
| Operating profit (loss) | 9901 | €88,870 | €75,578 | -€13,292 | -15.0% |
| Financial income | 75/76B | €12,443 | €27 | -€12,416 | -99.8% |
| Recurring financial income | 75 | €12,443 | €27 | -€12,416 | -99.8% |
| Financial charges | 65/66B | €4,979 | €6,035 | +€1,056 | +21.2% |
| Recurring financial charges | 65 | €4,979 | €6,035 | +€1,056 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €96,334 | €69,570 | -€26,764 | -27.8% |
| Income taxes | 67/77 | €505 | €4,611 | +€4,106 | +813% |
| Profit (loss) for the period | 9904 | €95,828 | €64,959 | -€30,870 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,828 | €64,959 | -€30,870 | -32.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.