NICK D'HOEDT SERVICES: 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 D'HOEDT SERVICES
Largest movements
- Tangible fixed assets -€11,410
down €11,410 (-15.0%), from €76,282 to €64,872
of which Other tangible fixed assets: -€9,783
- Cash +€9,670
up €9,670 (+415%), from €2,330 to €12,000
mainly Other debts (+€38,883) and Depreciation (+€11,309)
- Receivables within one year -€3,372
down €3,372 (-39.9%), from €8,461 to €5,089
of which Other amounts receivable: -€7,110
- Deferred charges and accrued income +€1,003
up €1,003 (+147%), from €683 to €1,686
- Profit (loss) carried forward -€40,766
down €40,766 (-41.1%), from -€99,115 to -€139,881
- Other debts +€38,883
up €38,883 (+158%), from €24,615 to €63,498
- Tax, wage and social debts -€3,495
down €3,495 (-83.3%), from €4,196 to €701
- Trade debts +€2,269
up €2,269 (+43.0%), from €5,272 to €7,541
- Short-term financial debts -€1,000
down €1,000 (-12.6%), from €7,932 to €6,932
- Gross operating margin +€53,810
up €53,810 (+66.7%), from -€80,653 to -€26,843
- Depreciation -€1,513
down €1,513 (-11.8%), from €12,822 to €11,309
- Financial income -€1,343
down €1,343 (-99.6%), from €1,348 to €5
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 | €87,756 | €83,647 | -€4,109 | -4.7% |
| Fixed assets | 21/28 | €76,282 | €64,872 | -€11,410 | -15.0% |
| Tangible fixed assets | 22/27 | €76,282 | €64,872 | -€11,410 | -15.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,852 | €1,225 | -€1,627 | -57.1% |
| Other tangible fixed assets | 26 | €73,430 | €63,647 | -€9,783 | -13.3% |
| Current assets | 29/58 | €11,473 | €18,775 | +€7,301 | +63.6% |
| Amounts receivable within one year | 40/41 | €8,461 | €5,089 | -€3,372 | -39.9% |
| Trade receivables | 40 | €68 | €3,806 | +€3,738 | +5,491% |
| Other amounts receivable | 41 | €8,393 | €1,283 | -€7,110 | -84.7% |
| Cash at bank and in hand | 54/58 | €2,330 | €12,000 | +€9,670 | +415% |
| Deferred charges and accrued income | 490/1 | €683 | €1,686 | +€1,003 | +147% |
| Total equity and liabilities | 10/49 | €87,756 | €83,647 | -€4,109 | -4.7% |
| Equity | 10/15 | €45,742 | €4,976 | -€40,766 | -89.1% |
| Contributions | 10/11 | €36,882 | €36,882 | = | 0.0% |
| Reserves | 13 | €107,975 | €107,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,222 | €4,222 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,222 | €4,222 | = | 0.0% |
| Distributable reserves | 133 | €103,752 | €103,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,115 | -€139,881 | -€40,766 | -41.1% |
| Amounts payable | 17/49 | €42,014 | €78,671 | +€36,657 | +87.2% |
| Amounts payable within one year | 42/48 | €42,014 | €78,671 | +€36,657 | +87.2% |
| Financial debts | 43 | €7,932 | €6,932 | -€1,000 | -12.6% |
| Credit institutions | 430/8 | €7,932 | €6,932 | -€1,000 | -12.6% |
| Trade debts | 44 | €5,272 | €7,541 | +€2,269 | +43.0% |
| Suppliers | 440/4 | €5,272 | €7,541 | +€2,269 | +43.0% |
| Taxes, remuneration and social security | 45 | €4,196 | €701 | -€3,495 | -83.3% |
| Taxes | 450/3 | €4,196 | €701 | -€3,495 | -83.3% |
| Other amounts payable | 47/48 | €24,615 | €63,498 | +€38,883 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,822 | €11,309 | -€1,513 | -11.8% |
| Other operating charges | 640/8 | €2,061 | €1,269 | -€792 | -38.4% |
| Gross operating margin | 9900 | -€80,653 | -€26,843 | +€53,810 | +66.7% |
| Operating profit (loss) | 9901 | -€95,536 | -€39,421 | +€56,115 | +58.7% |
| Financial income | 75/76B | €1,348 | €5 | -€1,343 | -99.6% |
| Recurring financial income | 75 | €1,348 | €5 | -€1,343 | -99.6% |
| Financial charges | 65/66B | €973 | €1,108 | +€135 | +13.9% |
| Recurring financial charges | 65 | €973 | €1,108 | +€135 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€95,160 | -€40,524 | +€54,637 | +57.4% |
| Income taxes | 67/77 | €498 | €242 | -€256 | -51.4% |
| Profit (loss) for the period | 9904 | -€95,659 | -€40,766 | +€54,892 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,659 | -€40,766 | +€54,892 | +57.4% |
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 31 October 2026 via checked.be.