Nathan D'Haemers: 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.
Nathan D'Haemers
Largest movements
- Cash +€21,475
up €21,475 (+82.9%), from €25,904 to €47,379
mainly Depreciation (+€18,124) and Net result for the year (+€17,720)
- Tangible fixed assets -€18,124
down €18,124 (-30.5%), from €59,424 to €41,300
of which Furniture and vehicles: -€11,800
- Receivables within one year +€8,637
up €8,637 (+3,490%), from €248 to €8,884
- Profit (loss) carried forward +€17,720
up €17,720 (+386%), from €4,594 to €22,314
- Other debts -€12,710
down €12,710 (-18.0%), from €70,657 to €57,947
- Tax, wage and social debts +€7,258
up €7,258 (+223%), from €3,251 to €10,508
of which Taxes: +€4,093
- Gross operating margin +€20,983
up €20,983 (+27.5%), from €76,168 to €97,150
- Purchases and services -€5,196
down €5,196 (-5.5%), from €95,186 to €89,990
- Taxes +€3,350
up €3,350 (+157%), from €2,132 to €5,481
- Staff costs +€3,143
up €3,143 (+6.2%), from €50,450 to €53,593
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 | €85,991 | €97,563 | +€11,573 | +13.5% |
| Fixed assets | 21/28 | €59,424 | €41,300 | -€18,124 | -30.5% |
| Tangible fixed assets | 22/27 | €59,424 | €41,300 | -€18,124 | -30.5% |
| Plant, machinery and equipment | 23 | €14,624 | €10,100 | -€4,524 | -30.9% |
| Furniture and vehicles | 24 | €30,400 | €18,600 | -€11,800 | -38.8% |
| Other tangible fixed assets | 26 | €14,400 | €12,600 | -€1,800 | -12.5% |
| Current assets | 29/58 | €26,567 | €56,263 | +€29,696 | +112% |
| Amounts receivable within one year | 40/41 | €248 | €8,884 | +€8,637 | +3,490% |
| Trade receivables | 40 | €248 | €8,884 | +€8,637 | +3,490% |
| Cash at bank and in hand | 54/58 | €25,904 | €47,379 | +€21,475 | +82.9% |
| Deferred charges and accrued income | 490/1 | €415 | - | -€415 | |
| Total equity and liabilities | 10/49 | €85,991 | €97,563 | +€11,573 | +13.5% |
| Equity | 10/15 | €7,094 | €24,814 | +€17,720 | +250% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,594 | €22,314 | +€17,720 | +386% |
| Amounts payable | 17/49 | €78,897 | €72,749 | -€6,148 | -7.8% |
| Amounts payable within one year | 42/48 | €78,897 | €72,749 | -€6,148 | -7.8% |
| Trade debts | 44 | €4,989 | €4,294 | -€695 | -13.9% |
| Suppliers | 440/4 | €4,989 | €4,294 | -€695 | -13.9% |
| Taxes, remuneration and social security | 45 | €3,251 | €10,508 | +€7,258 | +223% |
| Taxes | 450/3 | €2,184 | €6,277 | +€4,093 | +187% |
| Remuneration and social security | 454/9 | €1,066 | €4,231 | +€3,165 | +297% |
| Other amounts payable | 47/48 | €70,657 | €57,947 | -€12,710 | -18.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €95,186 | €89,990 | -€5,196 | -5.5% |
| Remuneration, social security and pensions | 62 | €50,450 | €53,593 | +€3,143 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,845 | €18,124 | +€279 | +1.6% |
| Other operating charges | 640/8 | €2,004 | €2,052 | +€48 | +2.4% |
| Gross operating margin | 9900 | €76,168 | €97,150 | +€20,983 | +27.5% |
| Operating profit (loss) | 9901 | €5,869 | €23,382 | +€17,513 | +298% |
| Financial income | 75/76B | €18 | €39 | +€21 | +114% |
| Recurring financial income | 75 | €18 | €39 | +€21 | +114% |
| Financial charges | 65/66B | €372 | €219 | -€153 | -41.2% |
| Recurring financial charges | 65 | €372 | €219 | -€153 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €5,515 | €23,202 | +€17,687 | +321% |
| Income taxes | 67/77 | €2,132 | €5,481 | +€3,350 | +157% |
| Profit (loss) for the period | 9904 | €3,383 | €17,720 | +€14,337 | +424% |
| Profit (loss) for the period to be appropriated | 9905 | €3,383 | €17,720 | +€14,337 | +424% |
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 30 October 2026 via checked.be.