Nick Jansen: 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 Jansen
Largest movements
- Tangible fixed assets -€38,022
down €38,022 (-52.8%), from €71,952 to €33,930
of which Furniture and vehicles: -€35,000
- Cash +€27,550
up €27,550 (+18.8%), from €146,445 to €173,995
mainly Depreciation (+€37,854) and Receivables within one year (+€23,358)
- Receivables within one year -€23,358
down €23,358 (-72.7%), from €32,149 to €8,791
of which Trade receivables: -€15,370
- Debts after one year -€30,838
no longer reported in 2025 (was €30,838)
- Tax, wage and social debts +€4,318
up €4,318 (+205%), from €2,104 to €6,423
- Profit (loss) carried forward -€3,208
new in 2025: -€3,208
- Gross operating margin -€14,206
down €14,206 (-27.9%), from €50,908 to €36,702
- Depreciation -€4,785
down €4,785 (-11.2%), from €42,640 to €37,854
- Taxes -€1,262
no longer reported in 2025 (was €1,262)
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 | €260,782 | €228,318 | -€32,464 | -12.4% |
| Fixed assets | 21/28 | €72,087 | €34,065 | -€38,022 | -52.7% |
| Tangible fixed assets | 22/27 | €71,952 | €33,930 | -€38,022 | -52.8% |
| Plant, machinery and equipment | 23 | €6,070 | €3,048 | -€3,022 | -49.8% |
| Furniture and vehicles | 24 | €65,882 | €30,882 | -€35,000 | -53.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €188,695 | €194,253 | +€5,558 | +2.9% |
| Stocks and contracts in progress | 3 | €7,986 | €9,019 | +€1,033 | +12.9% |
| Contracts in progress | 37 | €7,986 | €9,019 | +€1,033 | +12.9% |
| Amounts receivable within one year | 40/41 | €32,149 | €8,791 | -€23,358 | -72.7% |
| Trade receivables | 40 | €20,411 | €5,041 | -€15,370 | -75.3% |
| Other amounts receivable | 41 | €11,738 | €3,750 | -€7,988 | -68.1% |
| Cash at bank and in hand | 54/58 | €146,445 | €173,995 | +€27,550 | +18.8% |
| Deferred charges and accrued income | 490/1 | €2,114 | €2,448 | +€334 | +15.8% |
| Total equity and liabilities | 10/49 | €260,782 | €228,318 | -€32,464 | -12.4% |
| Equity | 10/15 | €171,315 | €168,107 | -€3,208 | -1.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €164,315 | €164,315 | = | 0.0% |
| Distributable reserves | 133 | €164,315 | €164,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,208 | -€3,208 | |
| Amounts payable | 17/49 | €89,467 | €60,212 | -€29,255 | -32.7% |
| Amounts payable after more than one year | 17 | €30,838 | - | -€30,838 | |
| Financial debts | 170/4 | €30,838 | - | -€30,838 | |
| Amounts payable within one year | 42/48 | €58,629 | €60,212 | +€1,582 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €32,337 | €30,838 | -€1,500 | -4.6% |
| Trade debts | 44 | €2,628 | €2,984 | +€356 | +13.5% |
| Suppliers | 440/4 | €2,628 | €2,984 | +€356 | +13.5% |
| Taxes, remuneration and social security | 45 | €2,104 | €6,423 | +€4,318 | +205% |
| Taxes | 450/3 | €2,104 | €6,423 | +€4,318 | +205% |
| Other amounts payable | 47/48 | €21,560 | €19,967 | -€1,592 | -7.4% |
| Non-recurring operating income | 76A | - | €332 | +€332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,640 | €37,854 | -€4,785 | -11.2% |
| Other operating charges | 640/8 | €1,718 | €1,360 | -€359 | -20.9% |
| Gross operating margin | 9900 | €50,908 | €36,702 | -€14,206 | -27.9% |
| Operating profit (loss) | 9901 | €6,550 | -€2,512 | -€9,062 | |
| Financial income | 75/76B | €75 | €34 | -€41 | -55.0% |
| Recurring financial income | 75 | €75 | €34 | -€41 | -55.0% |
| Financial charges | 65/66B | €1,105 | €730 | -€375 | -33.9% |
| Recurring financial charges | 65 | €1,105 | €730 | -€375 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €5,520 | -€3,208 | -€8,728 | |
| Income taxes | 67/77 | €1,262 | - | -€1,262 | |
| Profit (loss) for the period | 9904 | €4,258 | -€3,208 | -€7,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,258 | -€3,208 | -€7,466 |
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 15 October 2026 via checked.be.