Nick Oeyen: 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 Oeyen
Largest movements
- Cash +€33,631
up €33,631 (+352%), from €9,542 to €43,173
mainly Net result for the year (+€38,558) and Receivables within one year (+€28,275)
- Receivables within one year -€28,275
down €28,275 (-100%), from €28,275 to €0
- Deferred charges and accrued income -€2,418
down €2,418 (-29.2%), from €8,291 to €5,873
- Tangible fixed assets -€851
down €851 (-100%), from €851 to €0
- Other debts +€6,041
up €6,041 (+15.8%), from €38,151 to €44,191
- Tax, wage and social debts -€3,245
down €3,245 (-94.7%), from €3,427 to €181
- Trade debts -€709
down €709 (-51.3%), from €1,382 to €673
- Gross operating margin +€47,474
up €47,474 (+574%), from €8,276 to €55,750
- Taxes +€11,755
up €11,755 (+824%), from €1,427 to €13,181
- Financial income -€1,726
no longer reported in 2025 (was €1,726)
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 | €46,959 | €49,046 | +€2,087 | +4.4% |
| Fixed assets | 21/28 | €851 | €0 | -€851 | -100% |
| Tangible fixed assets | 22/27 | €851 | €0 | -€851 | -100% |
| Plant, machinery and equipment | 23 | €851 | €0 | -€851 | -100% |
| Current assets | 29/58 | €46,108 | €49,046 | +€2,938 | +6.4% |
| Amounts receivable within one year | 40/41 | €28,275 | €0 | -€28,275 | -100% |
| Other amounts receivable | 41 | €28,275 | €0 | -€28,275 | -100% |
| Cash at bank and in hand | 54/58 | €9,542 | €43,173 | +€33,631 | +352% |
| Deferred charges and accrued income | 490/1 | €8,291 | €5,873 | -€2,418 | -29.2% |
| Total equity and liabilities | 10/49 | €46,959 | €49,046 | +€2,087 | +4.4% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €42,959 | €45,046 | +€2,087 | +4.9% |
| Amounts payable within one year | 42/48 | €42,959 | €45,046 | +€2,087 | +4.9% |
| Trade debts | 44 | €1,382 | €673 | -€709 | -51.3% |
| Suppliers | 440/4 | €1,382 | €673 | -€709 | -51.3% |
| Taxes, remuneration and social security | 45 | €3,427 | €181 | -€3,245 | -94.7% |
| Taxes | 450/3 | €3,427 | €181 | -€3,245 | -94.7% |
| Other amounts payable | 47/48 | €38,151 | €44,191 | +€6,041 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,159 | €851 | -€308 | -26.6% |
| Other operating charges | 640/8 | €472 | €654 | +€182 | +38.7% |
| Gross operating margin | 9900 | €8,276 | €55,750 | +€47,474 | +574% |
| Operating profit (loss) | 9901 | €6,645 | €54,244 | +€47,599 | +716% |
| Financial income | 75/76B | €1,726 | - | -€1,726 | |
| Recurring financial income | 75 | €1,726 | - | -€1,726 | |
| Financial charges | 65/66B | €2,915 | €2,505 | -€410 | -14.1% |
| Recurring financial charges | 65 | €2,915 | €2,505 | -€410 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €5,456 | €51,740 | +€46,284 | +848% |
| Income taxes | 67/77 | €1,427 | €13,181 | +€11,755 | +824% |
| Profit (loss) for the period | 9904 | €4,029 | €38,558 | +€34,529 | +857% |
| Profit (loss) for the period to be appropriated | 9905 | €4,029 | €38,558 | +€34,529 | +857% |
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 23 October 2026 via checked.be.