Nick S.: 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 S.
Largest movements
- Tangible fixed assets +€22,676
new in 2025: €22,676
of which Other tangible fixed assets: +€17,690
- Cash -€3,695
down €3,695 (-67.6%), from €5,465 to €1,771
mainly Investment in fixed assets (net) (-€23,625) and Deferred charges and accrued income (-€673)
- Deferred charges and accrued income +€673
new in 2025: €673
- Receivables within one year +€348
up €348 (+4.8%), from €7,291 to €7,639
- Other debts +€12,429
new in 2025: €12,429
- Trade debts +€2,959
up €2,959 (+125%), from €2,369 to €5,327
- Reserves +€2,603
up €2,603 (+54.5%), from €4,772 to €7,376
- Tax, wage and social debts +€1,993
up €1,993 (+43.2%), from €4,615 to €6,608
- Financial charges +€1,496
up €1,496 (+9,206%), from €16 to €1,512
- Depreciation +€950
new in 2025: €950
- Taxes -€688
down €688 (-55.3%), from €1,243 to €555
- Gross operating margin -€246
down €246 (-3.7%), from €6,689 to €6,443
- Other operating charges +€165
up €165 (+25.1%), from €658 to €823
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 | €12,756 | €32,758 | +€20,002 | +157% |
| Fixed assets | 21/28 | - | €22,676 | +€22,676 | |
| Tangible fixed assets | 22/27 | - | €22,676 | +€22,676 | |
| Plant, machinery and equipment | 23 | - | €4,986 | +€4,986 | |
| Other tangible fixed assets | 26 | - | €17,690 | +€17,690 | |
| Current assets | 29/58 | €12,756 | €10,082 | -€2,674 | -21.0% |
| Amounts receivable within one year | 40/41 | €7,291 | €7,639 | +€348 | +4.8% |
| Trade receivables | 40 | €7,291 | €7,639 | +€348 | +4.8% |
| Cash at bank and in hand | 54/58 | €5,465 | €1,771 | -€3,695 | -67.6% |
| Deferred charges and accrued income | 490/1 | - | €673 | +€673 | |
| Total equity and liabilities | 10/49 | €12,756 | €32,758 | +€20,002 | +157% |
| Equity | 10/15 | €5,772 | €8,376 | +€2,603 | +45.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,772 | €7,376 | +€2,603 | +54.5% |
| Distributable reserves | 133 | €4,772 | €7,376 | +€2,603 | +54.5% |
| Amounts payable | 17/49 | €6,984 | €24,383 | +€17,399 | +249% |
| Amounts payable within one year | 42/48 | €6,984 | €24,364 | +€17,380 | +249% |
| Trade debts | 44 | €2,369 | €5,327 | +€2,959 | +125% |
| Suppliers | 440/4 | €2,369 | €5,327 | +€2,959 | +125% |
| Taxes, remuneration and social security | 45 | €4,615 | €6,608 | +€1,993 | +43.2% |
| Taxes | 450/3 | €4,615 | €6,608 | +€1,993 | +43.2% |
| Other amounts payable | 47/48 | - | €12,429 | +€12,429 | |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €950 | +€950 | |
| Other operating charges | 640/8 | €658 | €823 | +€165 | +25.1% |
| Gross operating margin | 9900 | €6,689 | €6,443 | -€246 | -3.7% |
| Operating profit (loss) | 9901 | €6,031 | €4,670 | -€1,361 | -22.6% |
| Financial charges | 65/66B | €16 | €1,512 | +€1,496 | +9,206% |
| Recurring financial charges | 65 | €16 | €1,512 | +€1,496 | +9,206% |
| Profit (loss) for the period before taxes | 9903 | €6,015 | €3,158 | -€2,857 | -47.5% |
| Income taxes | 67/77 | €1,243 | €555 | -€688 | -55.3% |
| Profit (loss) for the period | 9904 | €4,772 | €2,603 | -€2,169 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,772 | €2,603 | -€2,169 | -45.5% |
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.