NGUYEN & Co: 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.
NGUYEN & Co
Largest movements
- Current investments -€17,017
down €17,017 (-53.1%), from €32,059 to €15,042
- Receivables within one year +€7,328
up €7,328 (+1,097%), from €668 to €7,996
of which Other amounts receivable: +€6,895
- Cash -€1,914
down €1,914 (-45.0%), from €4,257 to €2,344
mainly Net result for the year (-€16,550) and Receivables within one year (-€7,328)
- Deferred charges and accrued income +€1,232
up €1,232 (+50.4%), from €2,443 to €3,675
- Stocks and contracts -€1,170
down €1,170 (-45.4%), from €2,575 to €1,405
- Reserves -€16,550
down €16,550 (-54.9%), from €30,143 to €13,593
- Short-term financial debts +€2,923
new in 2025: €2,923
- Tax, wage and social debts +€1,772
up €1,772 (+62.3%), from €2,841 to €4,613
of which Remuneration and social security: +€2,516
- Trade debts -€735
down €735 (-28.2%), from €2,611 to €1,876
of which Bills of exchange payable: -€451
- Gross operating margin -€29,478
down €29,478 (-65.7%), from €44,899 to €15,421
- Staff costs +€3,566
up €3,566 (+14.5%), from €24,523 to €28,089
- Taxes -€3,341
down €3,341 (-96.0%), from €3,480 to €139
- Financial charges +€898
up €898 (+174%), from €516 to €1,414
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 | €49,763 | €37,112 | -€12,651 | -25.4% |
| Fixed assets | 21/28 | €7,761 | €6,651 | -€1,110 | -14.3% |
| Tangible fixed assets | 22/27 | €2,201 | €1,091 | -€1,110 | -50.4% |
| Plant, machinery and equipment | 23 | €206 | €0 | -€206 | -100% |
| Furniture and vehicles | 24 | €1,869 | €1,091 | -€778 | -41.6% |
| Other tangible fixed assets | 26 | €126 | €0 | -€126 | -100.0% |
| Financial fixed assets | 28 | €5,560 | €5,560 | = | 0.0% |
| Current assets | 29/58 | €42,003 | €30,461 | -€11,541 | -27.5% |
| Stocks and contracts in progress | 3 | €2,575 | €1,405 | -€1,170 | -45.4% |
| Stocks | 30/36 | €2,575 | €1,405 | -€1,170 | -45.4% |
| Amounts receivable within one year | 40/41 | €668 | €7,996 | +€7,328 | +1,097% |
| Trade receivables | 40 | €123 | €555 | +€432 | +353% |
| Other amounts receivable | 41 | €545 | €7,441 | +€6,895 | +1,264% |
| Current investments | 50/53 | €32,059 | €15,042 | -€17,017 | -53.1% |
| Cash at bank and in hand | 54/58 | €4,257 | €2,344 | -€1,914 | -45.0% |
| Deferred charges and accrued income | 490/1 | €2,443 | €3,675 | +€1,232 | +50.4% |
| Total equity and liabilities | 10/49 | €49,763 | €37,112 | -€12,651 | -25.4% |
| Equity | 10/15 | €37,143 | €20,593 | -€16,550 | -44.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €30,143 | €13,593 | -€16,550 | -54.9% |
| Distributable reserves | 133 | €30,143 | €13,593 | -€16,550 | -54.9% |
| Amounts payable | 17/49 | €12,620 | €16,519 | +€3,899 | +30.9% |
| Amounts payable within one year | 42/48 | €12,620 | €16,519 | +€3,899 | +30.9% |
| Financial debts | 43 | - | €2,923 | +€2,923 | |
| Credit institutions | 430/8 | - | €2,923 | +€2,923 | |
| Trade debts | 44 | €2,611 | €1,876 | -€735 | -28.2% |
| Suppliers | 440/4 | €2,160 | €1,876 | -€284 | -13.2% |
| Bills of exchange payable | 441 | €451 | €0 | -€451 | -100% |
| Taxes, remuneration and social security | 45 | €2,841 | €4,613 | +€1,772 | +62.3% |
| Taxes | 450/3 | €1,020 | €275 | -€744 | -73.0% |
| Remuneration and social security | 454/9 | €1,822 | €4,338 | +€2,516 | +138% |
| Other amounts payable | 47/48 | €7,168 | €7,108 | -€61 | -0.8% |
| Remuneration, social security and pensions | 62 | €24,523 | €28,089 | +€3,566 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,227 | €1,110 | -€118 | -9.6% |
| Other operating charges | 640/8 | €1,199 | €1,406 | +€207 | +17.3% |
| Gross operating margin | 9900 | €44,899 | €15,421 | -€29,478 | -65.7% |
| Operating profit (loss) | 9901 | €17,950 | -€15,184 | -€33,134 | |
| Financial income | 75/76B | €85 | €187 | +€102 | +119% |
| Recurring financial income | 75 | €85 | €187 | +€102 | +119% |
| Financial charges | 65/66B | €516 | €1,414 | +€898 | +174% |
| Recurring financial charges | 65 | €516 | €1,414 | +€898 | +174% |
| Profit (loss) for the period before taxes | 9903 | €17,519 | -€16,411 | -€33,930 | |
| Income taxes | 67/77 | €3,480 | €139 | -€3,341 | -96.0% |
| Profit (loss) for the period | 9904 | €14,039 | -€16,550 | -€30,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,039 | -€16,550 | -€30,589 |
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 24 October 2026 via checked.be.