Nick Van Turnhout: 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 Van Turnhout
Largest movements
- Receivables within one year +€37,385
up €37,385 (+122%), from €30,521 to €67,906
of which Other amounts receivable: +€23,345
- Current investments +€30,000
new in 2025: €30,000
- Cash -€25,124
down €25,124 (-26.7%), from €94,174 to €69,049
mainly Receivables within one year (-€37,385) and Current investments (-€30,000)
- Tangible fixed assets +€16,278
new in 2025: €16,278
- Reserves +€46,877
up €46,877 (+49.3%), from €95,044 to €141,920
- Trade debts +€10,126
up €10,126 (+561%), from €1,804 to €11,929
- Tax, wage and social debts +€9,885
up €9,885 (+79.2%), from €12,477 to €22,363
of which Taxes: +€8,285
- Accrued charges and deferred income -€6,704
down €6,704 (-74.1%), from €9,051 to €2,348
- Purchases and services +€19,763
up €19,763 (+21.7%), from €91,107 to €110,870
- Gross operating margin -€16,143
down €16,143 (-20.3%), from €79,598 to €63,454
- Taxes -€8,659
down €8,659 (-36.0%), from €24,031 to €15,372
- Turnover +€5,600
up €5,600 (+3.6%), from €156,110 to €161,710
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 | €124,694 | €183,626 | +€58,931 | +47.3% |
| Fixed assets | 21/28 | - | €16,278 | +€16,278 | |
| Tangible fixed assets | 22/27 | - | €16,278 | +€16,278 | |
| Other tangible fixed assets | 26 | - | €16,278 | +€16,278 | |
| Current assets | 29/58 | €124,694 | €167,348 | +€42,654 | +34.2% |
| Amounts receivable within one year | 40/41 | €30,521 | €67,906 | +€37,385 | +122% |
| Trade receivables | 40 | €14,526 | €28,565 | +€14,040 | +96.7% |
| Other amounts receivable | 41 | €15,995 | €39,340 | +€23,345 | +146% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €94,174 | €69,049 | -€25,124 | -26.7% |
| Deferred charges and accrued income | 490/1 | €0 | €393 | +€393 | |
| Total equity and liabilities | 10/49 | €124,694 | €183,626 | +€58,931 | +47.3% |
| Equity | 10/15 | €100,044 | €146,920 | +€46,877 | +46.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,044 | €141,920 | +€46,877 | +49.3% |
| Distributable reserves | 133 | €95,044 | €141,920 | +€46,877 | +49.3% |
| Amounts payable | 17/49 | €24,651 | €36,705 | +€12,055 | +48.9% |
| Amounts payable within one year | 42/48 | €15,599 | €34,357 | +€18,758 | +120% |
| Financial debts | 43 | €1,318 | €65 | -€1,253 | -95.0% |
| Credit institutions | 430/8 | €1,318 | €65 | -€1,253 | -95.0% |
| Trade debts | 44 | €1,804 | €11,929 | +€10,126 | +561% |
| Suppliers | 440/4 | €1,804 | €11,929 | +€10,126 | +561% |
| Taxes, remuneration and social security | 45 | €12,477 | €22,363 | +€9,885 | +79.2% |
| Taxes | 450/3 | €11,517 | €19,803 | +€8,285 | +71.9% |
| Remuneration and social security | 454/9 | €960 | €2,560 | +€1,600 | +167% |
| Accrued charges and deferred income | 492/3 | €9,051 | €2,348 | -€6,704 | -74.1% |
| Turnover | 70 | €156,110 | €161,710 | +€5,600 | +3.6% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,107 | €110,870 | +€19,763 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €577 | +€577 | |
| Other operating charges | 640/8 | €191 | €556 | +€365 | +192% |
| Gross operating margin | 9900 | €79,598 | €63,454 | -€16,143 | -20.3% |
| Operating profit (loss) | 9901 | €79,407 | €62,321 | -€17,086 | -21.5% |
| Financial income | 75/76B | €692 | €970 | +€278 | +40.1% |
| Recurring financial income | 75 | €692 | €970 | +€278 | +40.1% |
| Financial charges | 65/66B | €49 | €1,042 | +€992 | +2,006% |
| Recurring financial charges | 65 | €49 | €1,042 | +€992 | +2,006% |
| Profit (loss) for the period before taxes | 9903 | €80,050 | €62,249 | -€17,801 | -22.2% |
| Income taxes | 67/77 | €24,031 | €15,372 | -€8,659 | -36.0% |
| Profit (loss) for the period | 9904 | €56,018 | €46,877 | -€9,141 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,018 | €46,877 | -€9,141 | -16.3% |
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 27 October 2026 via checked.be.