Nails, Faces and More: 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.
Nails, Faces and More
Largest movements
- Tangible fixed assets +€563,470
up €563,470 (+360%), from €156,659 to €720,129
of which Plant, machinery and equipment: +€477,279
- Stocks and contracts +€35,324
up €35,324 (+27.5%), from €128,649 to €163,973
- Receivables within one year -€33,840
down €33,840 (-60.2%), from €56,246 to €22,406
of which Other amounts receivable: -€22,310
- Cash -€15,894
down €15,894 (-36.5%), from €43,506 to €27,612
mainly Investment in fixed assets (net) (-€587,814) and Net result for the year (-€166,664)
- Other debts +€841,595
up €841,595 (+139%), from €603,608 to €1.4m
- Profit (loss) carried forward -€166,664
down €166,664 (-43.7%), from -€381,012 to -€547,677
- Trade debts -€69,124
down €69,124 (-92.3%), from €74,882 to €5,758
- Accrued charges and deferred income -€36,360
no longer reported in 2025 (was €36,360)
- Tax, wage and social debts -€15,276
down €15,276 (-30.8%), from €49,583 to €34,307
of which Remuneration and social security: -€15,289
- Staff costs -€170,393
down €170,393 (-51.1%), from €333,238 to €162,846
- Gross operating margin +€47,569
up €47,569, from -€28,792 to €18,777
- Depreciation +€4,714
up €4,714 (+29.7%), from €15,892 to €20,606
- Other operating charges -€894
down €894 (-39.5%), from €2,260 to €1,366
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 | €386,420 | €940,591 | +€554,171 | +143% |
| Fixed assets | 21/28 | €156,659 | €723,867 | +€567,208 | +362% |
| Intangible fixed assets | 21 | - | €3,738 | +€3,738 | |
| Tangible fixed assets | 22/27 | €156,659 | €720,129 | +€563,470 | +360% |
| Plant, machinery and equipment | 23 | €72,764 | €550,044 | +€477,279 | +656% |
| Furniture and vehicles | 24 | - | €11,024 | +€11,024 | |
| Other tangible fixed assets | 26 | €83,895 | €159,062 | +€75,167 | +89.6% |
| Current assets | 29/58 | €229,761 | €216,724 | -€13,037 | -5.7% |
| Stocks and contracts in progress | 3 | €128,649 | €163,973 | +€35,324 | +27.5% |
| Stocks | 30/36 | €128,649 | €163,973 | +€35,324 | +27.5% |
| Amounts receivable within one year | 40/41 | €56,246 | €22,406 | -€33,840 | -60.2% |
| Trade receivables | 40 | €20,969 | €9,439 | -€11,531 | -55.0% |
| Other amounts receivable | 41 | €35,276 | €12,967 | -€22,310 | -63.2% |
| Cash at bank and in hand | 54/58 | €43,506 | €27,612 | -€15,894 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,361 | €2,734 | +€1,373 | +101% |
| Total equity and liabilities | 10/49 | €386,420 | €940,591 | +€554,171 | +143% |
| Equity | 10/15 | -€378,012 | -€544,677 | -€166,664 | -44.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€381,012 | -€547,677 | -€166,664 | -43.7% |
| Amounts payable | 17/49 | €764,432 | €1,485,268 | +€720,835 | +94.3% |
| Amounts payable within one year | 42/48 | €728,072 | €1,485,268 | +€757,195 | +104% |
| Trade debts | 44 | €74,882 | €5,758 | -€69,124 | -92.3% |
| Suppliers | 440/4 | €74,882 | €5,758 | -€69,124 | -92.3% |
| Taxes, remuneration and social security | 45 | €49,583 | €34,307 | -€15,276 | -30.8% |
| Taxes | 450/3 | €887 | €900 | +€13 | +1.4% |
| Remuneration and social security | 454/9 | €48,696 | €33,407 | -€15,289 | -31.4% |
| Other amounts payable | 47/48 | €603,608 | €1,445,203 | +€841,595 | +139% |
| Accrued charges and deferred income | 492/3 | €36,360 | - | -€36,360 | |
| Remuneration, social security and pensions | 62 | €333,238 | €162,846 | -€170,393 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,892 | €20,606 | +€4,714 | +29.7% |
| Other operating charges | 640/8 | €2,260 | €1,366 | -€894 | -39.5% |
| Gross operating margin | 9900 | -€28,792 | €18,777 | +€47,569 | |
| Operating profit (loss) | 9901 | -€380,183 | -€166,041 | +€214,141 | +56.3% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €830 | €686 | -€144 | -17.3% |
| Recurring financial charges | 65 | €830 | €686 | -€144 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€381,012 | -€166,664 | +€214,348 | +56.3% |
| Profit (loss) for the period | 9904 | -€381,012 | -€166,664 | +€214,348 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€381,012 | -€166,664 | +€214,348 | +56.3% |
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 16 October 2026 via checked.be.