NICK GEVERS: 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 GEVERS
Largest movements
- Tangible fixed assets -€9,226
down €9,226 (-2.8%), from €330,647 to €321,421
of which Plant, machinery and equipment: -€9,226
- Debts after one year -€41,824
down €41,824 (-45.7%), from €91,553 to €49,730
- Other debts +€17,617
up €17,617 (+20.4%), from €86,557 to €104,173
- Reserves +€14,725
up €14,725 (+589%), from €2,500 to €17,225
- Gross operating margin +€6,512
up €6,512 (+16.1%), from €40,439 to €46,950
- Other operating charges -€3,637
down €3,637 (-53.4%), from €6,809 to €3,172
- Taxes +€3,460
up €3,460 (+106%), from €3,271 to €6,731
- Depreciation +€1,129
up €1,129 (+7.6%), from €14,798 to €15,926
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 | €337,993 | €331,133 | -€6,860 | -2.0% |
| Fixed assets | 21/28 | €331,780 | €321,421 | -€10,360 | -3.1% |
| Tangible fixed assets | 22/27 | €330,647 | €321,421 | -€9,226 | -2.8% |
| Land and buildings | 22 | €200,000 | €200,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €130,647 | €121,421 | -€9,226 | -7.1% |
| Financial fixed assets | 28 | €1,133 | €0 | -€1,133 | -100% |
| Current assets | 29/58 | €6,213 | €9,713 | +€3,499 | +56.3% |
| Amounts receivable within one year | 40/41 | €237 | €1,933 | +€1,696 | +717% |
| Trade receivables | 40 | - | €267 | +€267 | |
| Other amounts receivable | 41 | €237 | €1,666 | +€1,430 | +604% |
| Cash at bank and in hand | 54/58 | €4,473 | €4,738 | +€264 | +5.9% |
| Deferred charges and accrued income | 490/1 | €1,503 | €3,042 | +€1,539 | +102% |
| Total equity and liabilities | 10/49 | €337,993 | €331,133 | -€6,860 | -2.0% |
| Equity | 10/15 | €115,313 | €130,038 | +€14,725 | +12.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €17,225 | +€14,725 | +589% |
| Distributable reserves | 133 | €2,500 | €17,225 | +€14,725 | +589% |
| Profit (loss) carried forward | 14 | €87,813 | €87,813 | = | 0.0% |
| Amounts payable | 17/49 | €222,680 | €201,095 | -€21,585 | -9.7% |
| Amounts payable after more than one year | 17 | €91,553 | €49,730 | -€41,824 | -45.7% |
| Financial debts | 170/4 | €91,553 | €49,730 | -€41,824 | -45.7% |
| Amounts payable within one year | 42/48 | €131,127 | €151,365 | +€20,238 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €41,097 | €41,824 | +€727 | +1.8% |
| Trade debts | 44 | €2,733 | €3,346 | +€613 | +22.4% |
| Suppliers | 440/4 | €2,733 | €3,346 | +€613 | +22.4% |
| Taxes, remuneration and social security | 45 | €740 | €2,022 | +€1,282 | +173% |
| Taxes | 450/3 | €740 | €2,022 | +€1,282 | +173% |
| Other amounts payable | 47/48 | €86,557 | €104,173 | +€17,617 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,798 | €15,926 | +€1,129 | +7.6% |
| Other operating charges | 640/8 | €6,809 | €3,172 | -€3,637 | -53.4% |
| Gross operating margin | 9900 | €40,439 | €46,950 | +€6,512 | +16.1% |
| Operating profit (loss) | 9901 | €18,832 | €27,852 | +€9,020 | +47.9% |
| Financial income | 75/76B | €24 | €24 | -€0 | -1.5% |
| Recurring financial income | 75 | €24 | €24 | -€0 | -1.5% |
| Financial charges | 65/66B | €6,695 | €6,420 | -€276 | -4.1% |
| Recurring financial charges | 65 | €6,695 | €6,420 | -€276 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €12,160 | €21,456 | +€9,296 | +76.4% |
| Income taxes | 67/77 | €3,271 | €6,731 | +€3,460 | +106% |
| Profit (loss) for the period | 9904 | €8,889 | €14,725 | +€5,836 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,889 | €14,725 | +€5,836 | +65.6% |
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 19 October 2026 via checked.be.