NICK DEBEUF: what changed
NICK DEBEUF
Largest movements
- Stocks and contracts +€7,602
up €7,602 (+55.8%), from €13,614 to €21,216
of which Contracts in progress: +€6,580
- Receivables within one year +€7,359
up €7,359 (+34.9%), from €21,066 to €28,425
of which Trade receivables: +€6,444
- Tangible fixed assets -€2,530
down €2,530 (-39.6%), from €6,395 to €3,866
of which Furniture and vehicles: -€2,147
- Trade debts +€13,924
up €13,924 (+166%), from €8,406 to €22,330
- Debts after one year -€2,082
no longer reported in 2025 (was €2,082)
- Reserves +€1,107
up €1,107 (+11.7%), from €9,459 to €10,567
- Current portion of long-term debt -€644
down €644 (-23.6%), from €2,726 to €2,082
- Gross operating margin -€5,131
down €5,131 (-46.2%), from €11,115 to €5,984
- Financial charges -€1,076
down €1,076 (-54.2%), from €1,985 to €909
- Taxes -€872
down €872 (-45.4%), from €1,922 to €1,049
- Other operating charges +€468
up €468 (+263%), from €178 to €646
- Financial income +€244
up €244 (+93.0%), from €263 to €507
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,927 | €56,836 | +€11,909 | +26.5% |
| Fixed assets | 21/28 | €8,249 | €5,470 | -€2,780 | -33.7% |
| Intangible fixed assets | 21 | €1,854 | €1,604 | -€250 | -13.5% |
| Tangible fixed assets | 22/27 | €6,395 | €3,866 | -€2,530 | -39.6% |
| Plant, machinery and equipment | 23 | €670 | €287 | -€383 | -57.1% |
| Furniture and vehicles | 24 | €5,726 | €3,579 | -€2,147 | -37.5% |
| Current assets | 29/58 | €36,677 | €51,366 | +€14,689 | +40.0% |
| Stocks and contracts in progress | 3 | €13,614 | €21,216 | +€7,602 | +55.8% |
| Stocks | 30/36 | €3,654 | €4,676 | +€1,022 | +28.0% |
| Contracts in progress | 37 | €9,960 | €16,540 | +€6,580 | +66.1% |
| Amounts receivable within one year | 40/41 | €21,066 | €28,425 | +€7,359 | +34.9% |
| Trade receivables | 40 | €14,511 | €20,955 | +€6,444 | +44.4% |
| Other amounts receivable | 41 | €6,555 | €7,470 | +€915 | +14.0% |
| Cash at bank and in hand | 54/58 | €1,997 | €1,725 | -€273 | -13.6% |
| Total equity and liabilities | 10/49 | €44,927 | €56,836 | +€11,909 | +26.5% |
| Equity | 10/15 | €12,459 | €13,567 | +€1,107 | +8.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,459 | €10,567 | +€1,107 | +11.7% |
| Distributable reserves | 133 | €9,459 | €10,567 | +€1,107 | +11.7% |
| Amounts payable | 17/49 | €32,467 | €43,269 | +€10,802 | +33.3% |
| Amounts payable after more than one year | 17 | €2,082 | - | -€2,082 | |
| Financial debts | 170/4 | €2,082 | - | -€2,082 | |
| Amounts payable within one year | 42/48 | €30,385 | €43,269 | +€12,884 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €2,726 | €2,082 | -€644 | -23.6% |
| Trade debts | 44 | €8,406 | €22,330 | +€13,924 | +166% |
| Suppliers | 440/4 | €8,406 | €22,330 | +€13,924 | +166% |
| Taxes, remuneration and social security | 45 | €1,422 | €1,054 | -€368 | -25.9% |
| Taxes | 450/3 | €172 | €1,054 | +€882 | +513% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €17,831 | €17,802 | -€29 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,780 | €2,780 | = | 0.0% |
| Other operating charges | 640/8 | €178 | €646 | +€468 | +263% |
| Gross operating margin | 9900 | €11,115 | €5,984 | -€5,131 | -46.2% |
| Operating profit (loss) | 9901 | €8,157 | €2,558 | -€5,599 | -68.6% |
| Financial income | 75/76B | €263 | €507 | +€244 | +93.0% |
| Recurring financial income | 75 | €263 | €507 | +€244 | +93.0% |
| Financial charges | 65/66B | €1,985 | €909 | -€1,076 | -54.2% |
| Recurring financial charges | 65 | €1,985 | €909 | -€1,076 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €6,435 | €2,157 | -€4,279 | -66.5% |
| Income taxes | 67/77 | €1,922 | €1,049 | -€872 | -45.4% |
| Profit (loss) for the period | 9904 | €4,514 | €1,107 | -€3,406 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,514 | €1,107 | -€3,406 | -75.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.