Niche: what changed
Two fiscal 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.
Niche
Largest movements
- Cash -€66,502
down €66,502 (-59.2%), from €112,360 to €45,858
mainly Contributions, distributions and other (-€30,000) and Tax, wage and social debts (-€24,303)
- Receivables within one year +€15,315
up €15,315 (+3.4%), from €447,280 to €462,595
of which Trade receivables: +€74,020
- Tax, wage and social debts -€24,303
down €24,303 (-83.8%), from €29,013 to €4,710
- Other debts -€16,135
down €16,135 (-23.6%), from €68,485 to €52,350
- Trade debts -€12,192
down €12,192 (-6.8%), from €178,365 to €166,173
- Gross operating margin -€15,111
down €15,111 (-27.2%), from €55,496 to €40,385
- Taxes +€1,068
up €1,068 (+58.4%), from €1,829 to €2,897
- Other operating charges -€884
down €884 (-57.5%), from €1,537 to €653
- Financial income -€737
down €737 (-71.7%), from €1,028 to €291
- Financial charges +€643
up €643 (+47.7%), from €1,348 to €1,991
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.
Cash bridge derived
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 | €563,197 | €510,835 | -€52,362 | -9.3% |
| Fixed assets | 21/28 | €3,351 | €2,171 | -€1,180 | -35.2% |
| Tangible fixed assets | 22/27 | €3,351 | €2,171 | -€1,180 | -35.2% |
| Land and buildings | 22 | €3,351 | €2,171 | -€1,180 | -35.2% |
| Current assets | 29/58 | €559,846 | €508,664 | -€51,182 | -9.1% |
| Amounts receivable within one year | 40/41 | €447,280 | €462,595 | +€15,315 | +3.4% |
| Trade receivables | 40 | €19,228 | €93,248 | +€74,020 | +385.0% |
| Other amounts receivable | 41 | €428,052 | €369,347 | -€58,705 | -13.7% |
| Cash at bank and in hand | 54/58 | €112,360 | €45,858 | -€66,502 | -59.2% |
| Deferred charges and accrued income | 490/1 | €206 | €211 | +€5 | +2.4% |
| Total equity and liabilities | 10/49 | €563,197 | €510,835 | -€52,362 | -9.3% |
| Equity | 10/15 | €247,984 | €251,939 | +€3,955 | +1.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €177,984 | €181,939 | +€3,955 | +2.2% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,999 | €4,999 | = | 0.0% |
| Distributable reserves | 133 | €165,985 | €169,940 | +€3,955 | +2.4% |
| Amounts payable | 17/49 | €315,213 | €258,896 | -€56,317 | -17.9% |
| Amounts payable after more than one year | 17 | €35,138 | €31,940 | -€3,198 | -9.1% |
| Financial debts | 170/4 | €35,138 | €31,940 | -€3,198 | -9.1% |
| Amounts payable within one year | 42/48 | €280,075 | €226,956 | -€53,119 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €4,212 | €3,723 | -€489 | -11.6% |
| Trade debts | 44 | €178,365 | €166,173 | -€12,192 | -6.8% |
| Suppliers | 440/4 | €178,365 | €166,173 | -€12,192 | -6.8% |
| Taxes, remuneration and social security | 45 | €29,013 | €4,710 | -€24,303 | -83.8% |
| Taxes | 450/3 | €29,013 | €4,710 | -€24,303 | -83.8% |
| Other amounts payable | 47/48 | €68,485 | €52,350 | -€16,135 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,482 | €1,180 | -€302 | -20.4% |
| Other operating charges | 640/8 | €1,537 | €653 | -€884 | -57.5% |
| Gross operating margin | 9900 | €55,496 | €40,385 | -€15,111 | -27.2% |
| Operating profit (loss) | 9901 | €52,477 | €38,552 | -€13,925 | -26.5% |
| Financial income | 75/76B | €1,028 | €291 | -€737 | -71.7% |
| Recurring financial income | 75 | €1,028 | €291 | -€737 | -71.7% |
| Financial charges | 65/66B | €1,348 | €1,991 | +€643 | +47.7% |
| Recurring financial charges | 65 | €1,348 | €1,991 | +€643 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €52,157 | €36,852 | -€15,305 | -29.3% |
| Income taxes | 67/77 | €1,829 | €2,897 | +€1,068 | +58.4% |
| Profit (loss) for the period | 9904 | €50,328 | €33,955 | -€16,373 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,328 | €33,955 | -€16,373 | -32.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.