Nick Lava: 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 Lava
Largest movements
- Cash +€64,407
up €64,407 (+124%), from €51,758 to €116,165
mainly Net result for the year (+€48,588) and Depreciation (+€8,936)
- Tangible fixed assets -€8,936
down €8,936 (-56.7%), from €15,748 to €6,812
- Reserves +€48,588
up €48,588 (+103%), from €47,283 to €95,871
- Tax, wage and social debts +€7,407
up €7,407 (+41.8%), from €17,711 to €25,118
- Gross operating margin +€16,034
up €16,034 (+28.4%), from €56,490 to €72,524
- Taxes +€3,285
up €3,285 (+30.2%), from €10,865 to €14,150
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 | €70,524 | €126,149 | +€55,625 | +78.9% |
| Fixed assets | 21/28 | €15,748 | €6,812 | -€8,936 | -56.7% |
| Tangible fixed assets | 22/27 | €15,748 | €6,812 | -€8,936 | -56.7% |
| Furniture and vehicles | 24 | €15,748 | €6,812 | -€8,936 | -56.7% |
| Current assets | 29/58 | €54,776 | €119,337 | +€64,561 | +118% |
| Cash at bank and in hand | 54/58 | €51,758 | €116,165 | +€64,407 | +124% |
| Deferred charges and accrued income | 490/1 | €3,018 | €3,172 | +€154 | +5.1% |
| Total equity and liabilities | 10/49 | €70,524 | €126,149 | +€55,625 | +78.9% |
| Equity | 10/15 | €52,283 | €100,871 | +€48,588 | +92.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,283 | €95,871 | +€48,588 | +103% |
| Distributable reserves | 133 | €47,283 | €95,871 | +€48,588 | +103% |
| Amounts payable | 17/49 | €18,241 | €25,278 | +€7,037 | +38.6% |
| Amounts payable within one year | 42/48 | €18,158 | €25,278 | +€7,120 | +39.2% |
| Trade debts | 44 | €447 | €160 | -€287 | -64.2% |
| Suppliers | 440/4 | €447 | €160 | -€287 | -64.2% |
| Taxes, remuneration and social security | 45 | €17,711 | €25,118 | +€7,407 | +41.8% |
| Taxes | 450/3 | €17,711 | €25,118 | +€7,407 | +41.8% |
| Accrued charges and deferred income | 492/3 | €83 | - | -€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,936 | €8,936 | = | 0.0% |
| Other operating charges | 640/8 | €1,118 | €1,134 | +€16 | +1.4% |
| Gross operating margin | 9900 | €56,490 | €72,524 | +€16,034 | +28.4% |
| Operating profit (loss) | 9901 | €46,436 | €62,454 | +€16,018 | +34.5% |
| Financial income | 75/76B | €48 | €324 | +€276 | +575% |
| Recurring financial income | 75 | €48 | €324 | +€276 | +575% |
| Financial charges | 65/66B | €157 | €40 | -€117 | -74.5% |
| Recurring financial charges | 65 | €157 | €40 | -€117 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €46,327 | €62,738 | +€16,411 | +35.4% |
| Income taxes | 67/77 | €10,865 | €14,150 | +€3,285 | +30.2% |
| Profit (loss) for the period | 9904 | €35,462 | €48,588 | +€13,126 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,462 | €48,588 | +€13,126 | +37.0% |
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 21 October 2026 via checked.be.