NICK THIENPONDT: 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 THIENPONDT
Largest movements
- Tangible fixed assets -€8,699
down €8,699 (-21.0%), from €41,519 to €32,820
of which Furniture and vehicles: -€8,142
- Current investments +€3,000
new in 2025: €3,000
- Receivables within one year -€1,872
down €1,872 (-49.5%), from €3,784 to €1,912
of which Other amounts receivable: -€1,333
- Deferred charges and accrued income +€1,147
up €1,147 (+72.6%), from €1,580 to €2,728
- Other debts -€4,566
down €4,566 (-98.4%), from €4,641 to €75
- Accrued charges and deferred income -€2,000
down €2,000 (-50.0%), from €4,000 to €2,000
- Gross operating margin -€4,059
down €4,059 (-4.9%), from €82,124 to €78,065
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 | €97,130 | €90,309 | -€6,821 | -7.0% |
| Fixed assets | 21/28 | €41,519 | €32,820 | -€8,699 | -21.0% |
| Tangible fixed assets | 22/27 | €41,519 | €32,820 | -€8,699 | -21.0% |
| Land and buildings | 22 | €5,407 | €4,682 | -€725 | -13.4% |
| Plant, machinery and equipment | 23 | €3,605 | €3,772 | +€168 | +4.7% |
| Furniture and vehicles | 24 | €32,508 | €24,366 | -€8,142 | -25.0% |
| Current assets | 29/58 | €55,611 | €57,489 | +€1,878 | +3.4% |
| Amounts receivable within one year | 40/41 | €3,784 | €1,912 | -€1,872 | -49.5% |
| Trade receivables | 40 | €539 | - | -€539 | |
| Other amounts receivable | 41 | €3,245 | €1,912 | -€1,333 | -41.1% |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €50,246 | €49,849 | -€397 | -0.8% |
| Deferred charges and accrued income | 490/1 | €1,580 | €2,728 | +€1,147 | +72.6% |
| Total equity and liabilities | 10/49 | €97,130 | €90,309 | -€6,821 | -7.0% |
| Equity | 10/15 | €77,055 | €77,113 | +€58 | +0.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,055 | €65,113 | +€58 | +0.1% |
| Amounts payable | 17/49 | €20,075 | €13,196 | -€6,879 | -34.3% |
| Amounts payable within one year | 42/48 | €16,075 | €11,196 | -€4,879 | -30.4% |
| Trade debts | 44 | €2,835 | €1,940 | -€894 | -31.5% |
| Suppliers | 440/4 | €2,835 | €1,940 | -€894 | -31.5% |
| Taxes, remuneration and social security | 45 | €8,599 | €9,180 | +€582 | +6.8% |
| Taxes | 450/3 | €8,599 | €9,180 | +€582 | +6.8% |
| Other amounts payable | 47/48 | €4,641 | €75 | -€4,566 | -98.4% |
| Accrued charges and deferred income | 492/3 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,550 | €10,252 | +€702 | +7.3% |
| Other operating charges | 640/8 | €1,115 | €1,343 | +€228 | +20.4% |
| Non-recurring operating charges | 66A | €318 | - | -€318 | |
| Gross operating margin | 9900 | €82,124 | €78,065 | -€4,059 | -4.9% |
| Operating profit (loss) | 9901 | €71,141 | €66,470 | -€4,671 | -6.6% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,808 | €1,641 | -€167 | -9.2% |
| Recurring financial charges | 65 | €1,808 | €1,641 | -€167 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €69,343 | €64,829 | -€4,514 | -6.5% |
| Income taxes | 67/77 | €15,520 | €14,770 | -€750 | -4.8% |
| Profit (loss) for the period | 9904 | €53,822 | €50,058 | -€3,764 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,822 | €50,058 | -€3,764 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.