NGUYEN HD: 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 HD
Largest movements
- Receivables within one year -€38,341
down €38,341 (-30.7%), from €125,028 to €86,687
- Tangible fixed assets -€7,430
down €7,430 (-2.0%), from €373,430 to €365,999
of which Land and buildings: -€8,129
- Reserves -€45,179
down €45,179 (-18.2%), from €248,238 to €203,059
of which Distributable reserves: -€45,179
- Taxes -€6,470
down €6,470 (-27.6%), from €23,473 to €17,003
- Gross operating margin -€4,575
down €4,575 (-4.5%), from €100,664 to €96,089
- Depreciation +€2,530
up €2,530 (+8.0%), from €31,556 to €34,087
- Staff costs -€1,244
down €1,244 (-95.4%), from €1,304 to €60
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 | €705,511 | €659,062 | -€46,449 | -6.6% |
| Fixed assets | 21/28 | €373,430 | €365,999 | -€7,430 | -2.0% |
| Tangible fixed assets | 22/27 | €373,430 | €365,999 | -€7,430 | -2.0% |
| Land and buildings | 22 | €357,740 | €349,611 | -€8,129 | -2.3% |
| Plant, machinery and equipment | 23 | €639 | €991 | +€352 | +55.0% |
| Furniture and vehicles | 24 | €15,050 | €15,397 | +€347 | +2.3% |
| Current assets | 29/58 | €332,081 | €293,062 | -€39,019 | -11.7% |
| Amounts receivable within one year | 40/41 | €125,028 | €86,687 | -€38,341 | -30.7% |
| Other amounts receivable | 41 | €125,028 | €86,687 | -€38,341 | -30.7% |
| Cash at bank and in hand | 54/58 | €205,954 | €205,267 | -€686 | -0.3% |
| Deferred charges and accrued income | 490/1 | €1,099 | €1,108 | +€8 | +0.8% |
| Total equity and liabilities | 10/49 | €705,511 | €659,062 | -€46,449 | -6.6% |
| Equity | 10/15 | €703,838 | €658,659 | -€45,179 | -6.4% |
| Contributions | 10/11 | €455,600 | €455,600 | = | 0.0% |
| Capital | 10 | €455,600 | €455,600 | = | 0.0% |
| Issued capital | 100 | €455,600 | €455,600 | = | 0.0% |
| Reserves | 13 | €248,238 | €203,059 | -€45,179 | -18.2% |
| Non-distributable reserves | 130/1 | €45,560 | €45,560 | = | 0.0% |
| Legal reserve | 130 | €45,560 | €45,560 | = | 0.0% |
| Distributable reserves | 133 | €202,678 | €157,499 | -€45,179 | -22.3% |
| Amounts payable | 17/49 | €1,673 | €403 | -€1,270 | -75.9% |
| Amounts payable within one year | 42/48 | €1,673 | €403 | -€1,270 | -75.9% |
| Trade debts | 44 | €1,673 | €403 | -€1,270 | -75.9% |
| Suppliers | 440/4 | €1,673 | €403 | -€1,270 | -75.9% |
| Remuneration, social security and pensions | 62 | €1,304 | €60 | -€1,244 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,556 | €34,087 | +€2,530 | +8.0% |
| Other operating charges | 640/8 | €11,581 | €11,426 | -€155 | -1.3% |
| Gross operating margin | 9900 | €100,664 | €96,089 | -€4,575 | -4.5% |
| Operating profit (loss) | 9901 | €56,223 | €50,516 | -€5,707 | -10.2% |
| Financial income | 75/76B | €5 | €6 | +€1 | +25.3% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +25.3% |
| Financial charges | 65/66B | €451 | €271 | -€179 | -39.8% |
| Recurring financial charges | 65 | €451 | €271 | -€179 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €55,777 | €50,251 | -€5,526 | -9.9% |
| Income taxes | 67/77 | €23,473 | €17,003 | -€6,470 | -27.6% |
| Profit (loss) for the period | 9904 | €32,304 | €33,248 | +€944 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,304 | €33,248 | +€944 | +2.9% |
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.