NICK BOUSSE: 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.
NICK BOUSSE
Largest movements
- Cash +€10,919
up €10,919 (+106%), from €10,322 to €21,241
mainly Net result for the year (+€25,072) and Depreciation (+€6,225)
- Stocks and contracts +€6,465
up €6,465 (+10.8%), from €59,910 to €66,375
- Tangible fixed assets +€3,759
up €3,759 (+27.7%), from €13,581 to €17,340
of which Other tangible fixed assets: +€2,849
- Receivables within one year +€1,925
up €1,925 (+11.2%), from €17,142 to €19,067
of which Trade receivables: +€1,765
- Reserves +€25,072
up €25,072 (+31.8%), from €78,793 to €103,865
- Other debts -€5,126
down €5,126 (-69.9%), from €7,335 to €2,209
- Tax, wage and social debts +€3,017
up €3,017 (+53.0%), from €5,694 to €8,711
- Trade debts +€1,867
up €1,867 (+220%), from €848 to €2,715
- Accrued charges and deferred income -€1,773
no longer reported in 2025 (was €1,773)
- Gross operating margin +€13,120
up €13,120 (+37.3%), from €35,158 to €48,278
- Taxes +€4,787
up €4,787 (+58.8%), from €8,146 to €12,933
- Depreciation +€3,262
up €3,262 (+110%), from €2,963 to €6,225
- Other operating charges -€732
down €732 (-17.2%), from €4,254 to €3,522
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 | €103,743 | €127,296 | +€23,552 | +22.7% |
| Fixed assets | 21/28 | €14,876 | €18,264 | +€3,387 | +22.8% |
| Intangible fixed assets | 21 | €1,295 | €923 | -€372 | -28.7% |
| Tangible fixed assets | 22/27 | €13,581 | €17,340 | +€3,759 | +27.7% |
| Plant, machinery and equipment | 23 | €907 | €687 | -€220 | -24.2% |
| Furniture and vehicles | 24 | €5,736 | €6,866 | +€1,130 | +19.7% |
| Other tangible fixed assets | 26 | €6,938 | €9,787 | +€2,849 | +41.1% |
| Current assets | 29/58 | €88,867 | €109,032 | +€20,165 | +22.7% |
| Stocks and contracts in progress | 3 | €59,910 | €66,375 | +€6,465 | +10.8% |
| Stocks | 30/36 | €59,910 | €66,375 | +€6,465 | +10.8% |
| Amounts receivable within one year | 40/41 | €17,142 | €19,067 | +€1,925 | +11.2% |
| Trade receivables | 40 | €16,178 | €17,943 | +€1,765 | +10.9% |
| Other amounts receivable | 41 | €964 | €1,124 | +€160 | +16.6% |
| Cash at bank and in hand | 54/58 | €10,322 | €21,241 | +€10,919 | +106% |
| Deferred charges and accrued income | 490/1 | €1,493 | €2,349 | +€856 | +57.3% |
| Total equity and liabilities | 10/49 | €103,743 | €127,296 | +€23,552 | +22.7% |
| Equity | 10/15 | €88,093 | €113,165 | +€25,072 | +28.5% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €78,793 | €103,865 | +€25,072 | +31.8% |
| Distributable reserves | 133 | €78,793 | €103,865 | +€25,072 | +31.8% |
| Amounts payable | 17/49 | €15,650 | €14,131 | -€1,519 | -9.7% |
| Amounts payable within one year | 42/48 | €13,877 | €14,131 | +€253 | +1.8% |
| Trade debts | 44 | €848 | €2,715 | +€1,867 | +220% |
| Suppliers | 440/4 | €848 | €2,715 | +€1,867 | +220% |
| Advances received on contracts in progress | 46 | - | €495 | +€495 | |
| Taxes, remuneration and social security | 45 | €5,694 | €8,711 | +€3,017 | +53.0% |
| Taxes | 450/3 | €5,694 | €8,711 | +€3,017 | +53.0% |
| Other amounts payable | 47/48 | €7,335 | €2,209 | -€5,126 | -69.9% |
| Accrued charges and deferred income | 492/3 | €1,773 | - | -€1,773 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €6,225 | +€3,262 | +110% |
| Other operating charges | 640/8 | €4,254 | €3,522 | -€732 | -17.2% |
| Gross operating margin | 9900 | €35,158 | €48,278 | +€13,120 | +37.3% |
| Operating profit (loss) | 9901 | €27,941 | €38,531 | +€10,590 | +37.9% |
| Financial income | 75/76B | €80 | €78 | -€2 | -2.4% |
| Recurring financial income | 75 | €80 | €78 | -€2 | -2.4% |
| Financial charges | 65/66B | €256 | €603 | +€347 | +136% |
| Recurring financial charges | 65 | €256 | €603 | +€347 | +136% |
| Profit (loss) for the period before taxes | 9903 | €27,765 | €38,005 | +€10,241 | +36.9% |
| Income taxes | 67/77 | €8,146 | €12,933 | +€4,787 | +58.8% |
| Profit (loss) for the period | 9904 | €19,618 | €25,072 | +€5,454 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,618 | €25,072 | +€5,454 | +27.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.