Nele De Cuyper: what changed
Nele De Cuyper
Largest movements
- Cash -€88,803
down €88,803 (-60.8%), from €145,988 to €57,185
mainly Other debts (-€188,600) and Tax, wage and social debts (-€8,289)
- Receivables within one year -€68,832
down €68,832 (-82.8%), from €83,091 to €14,259
- Tangible fixed assets +€6,580
up €6,580 (+722%), from €911 to €7,491
of which Other tangible fixed assets: +€7,329
- Deferred charges and accrued income -€3,041
down €3,041 (-64.0%), from €4,751 to €1,710
- Other debts -€188,600
down €188,600 (-100%), from €188,600 to €0
- Profit (loss) carried forward +€42,498
up €42,498 (+128%), from €33,283 to €75,780
- Tax, wage and social debts -€8,289
down €8,289 (-93.0%), from €8,913 to €624
- Gross operating margin -€16,849
down €16,849 (-23.1%), from €73,086 to €56,237
- Taxes -€3,957
down €3,957 (-24.7%), from €15,993 to €12,036
- Financial income -€2,166
down €2,166 (-70.4%), from €3,077 to €911
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 | €234,741 | €80,646 | -€154,095 | -65.6% |
| Fixed assets | 21/28 | €911 | €7,491 | +€6,580 | +722% |
| Tangible fixed assets | 22/27 | €911 | €7,491 | +€6,580 | +722% |
| Furniture and vehicles | 24 | €911 | €162 | -€749 | -82.2% |
| Other tangible fixed assets | 26 | - | €7,329 | +€7,329 | |
| Current assets | 29/58 | €233,830 | €73,155 | -€160,675 | -68.7% |
| Amounts receivable within one year | 40/41 | €83,091 | €14,259 | -€68,832 | -82.8% |
| Other amounts receivable | 41 | €83,091 | €14,259 | -€68,832 | -82.8% |
| Cash at bank and in hand | 54/58 | €145,988 | €57,185 | -€88,803 | -60.8% |
| Deferred charges and accrued income | 490/1 | €4,751 | €1,710 | -€3,041 | -64.0% |
| Total equity and liabilities | 10/49 | €234,741 | €80,646 | -€154,095 | -65.6% |
| Equity | 10/15 | €36,283 | €78,780 | +€42,498 | +117% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,283 | €75,780 | +€42,498 | +128% |
| Amounts payable | 17/49 | €198,459 | €1,866 | -€196,593 | -99.1% |
| Amounts payable within one year | 42/48 | €198,459 | €1,866 | -€196,593 | -99.1% |
| Trade debts | 44 | €946 | €1,242 | +€296 | +31.3% |
| Suppliers | 440/4 | €946 | €1,242 | +€296 | +31.3% |
| Taxes, remuneration and social security | 45 | €8,913 | €624 | -€8,289 | -93.0% |
| Taxes | 450/3 | €8,913 | €624 | -€8,289 | -93.0% |
| Other amounts payable | 47/48 | €188,600 | €0 | -€188,600 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,072 | €1,273 | +€201 | +18.7% |
| Other operating charges | 640/8 | €1,083 | €1,093 | +€11 | +1.0% |
| Gross operating margin | 9900 | €73,086 | €56,237 | -€16,849 | -23.1% |
| Operating profit (loss) | 9901 | €70,931 | €53,871 | -€17,060 | -24.1% |
| Financial income | 75/76B | €3,077 | €911 | -€2,166 | -70.4% |
| Recurring financial income | 75 | €3,077 | €911 | -€2,166 | -70.4% |
| Financial charges | 65/66B | €252 | €249 | -€3 | -1.1% |
| Recurring financial charges | 65 | €252 | €249 | -€3 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €73,756 | €54,533 | -€19,223 | -26.1% |
| Income taxes | 67/77 | €15,993 | €12,036 | -€3,957 | -24.7% |
| Profit (loss) for the period | 9904 | €57,764 | €42,498 | -€15,266 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,764 | €42,498 | -€15,266 | -26.4% |
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 7 November 2026 via checked.be.