Nick Van Vooren: 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 Vooren
Largest movements
- Cash -€40,799
down €40,799 (-59.5%), from €68,533 to €27,735
mainly Trade debts (-€32,656) and Stocks and contracts (-€25,000)
- Stocks and contracts +€25,000
up €25,000 (+250%), from €10,000 to €35,000
- Receivables within one year -€6,580
down €6,580 (-9.4%), from €69,861 to €63,280
of which Other amounts receivable: -€18,688
- Trade debts -€32,656
down €32,656 (-44.2%), from €73,895 to €41,239
- Profit (loss) carried forward +€23,759
up €23,759 (+50.1%), from €47,401 to €71,160
- Debts after one year -€13,323
down €13,323 (-25.1%), from €53,007 to €39,684
- Other debts -€3,293
down €3,293 (-11.4%), from €28,955 to €25,662
- Gross operating margin -€16,578
down €16,578 (-22.0%), from €75,437 to €58,859
- Depreciation +€15,208
up €15,208 (+194%), from €7,828 to €23,036
- Taxes -€9,514
down €9,514 (-53.9%), from €17,643 to €8,129
- Financial charges +€2,918
up €2,918 (+170%), from €1,715 to €4,632
- Financial income +€1,411
up €1,411 (+2,575%), from €55 to €1,466
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 | €238,859 | €215,874 | -€22,986 | -9.6% |
| Fixed assets | 21/28 | €89,467 | €88,710 | -€757 | -0.8% |
| Tangible fixed assets | 22/27 | €89,467 | €88,710 | -€757 | -0.8% |
| Land and buildings | 22 | €2,618 | €1,963 | -€655 | -25.0% |
| Plant, machinery and equipment | 23 | €5,943 | €15,184 | +€9,241 | +155% |
| Furniture and vehicles | 24 | €80,907 | €71,563 | -€9,344 | -11.5% |
| Current assets | 29/58 | €149,392 | €127,163 | -€22,228 | -14.9% |
| Stocks and contracts in progress | 3 | €10,000 | €35,000 | +€25,000 | +250% |
| Stocks | 30/36 | €10,000 | €35,000 | +€25,000 | +250% |
| Amounts receivable within one year | 40/41 | €69,861 | €63,280 | -€6,580 | -9.4% |
| Trade receivables | 40 | €33,675 | €45,783 | +€12,108 | +36.0% |
| Other amounts receivable | 41 | €36,185 | €17,498 | -€18,688 | -51.6% |
| Cash at bank and in hand | 54/58 | €68,533 | €27,735 | -€40,799 | -59.5% |
| Deferred charges and accrued income | 490/1 | €998 | €1,148 | +€150 | +15.1% |
| Total equity and liabilities | 10/49 | €238,859 | €215,874 | -€22,986 | -9.6% |
| Equity | 10/15 | €52,401 | €76,160 | +€23,759 | +45.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,401 | €71,160 | +€23,759 | +50.1% |
| Amounts payable | 17/49 | €186,458 | €139,713 | -€46,745 | -25.1% |
| Amounts payable after more than one year | 17 | €53,007 | €39,684 | -€13,323 | -25.1% |
| Financial debts | 170/4 | €53,007 | €39,684 | -€13,323 | -25.1% |
| Amounts payable within one year | 42/48 | €133,349 | €97,866 | -€35,482 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €12,852 | €13,323 | +€471 | +3.7% |
| Trade debts | 44 | €73,895 | €41,239 | -€32,656 | -44.2% |
| Suppliers | 440/4 | €73,895 | €41,239 | -€32,656 | -44.2% |
| Taxes, remuneration and social security | 45 | €17,647 | €17,643 | -€5 | 0.0% |
| Taxes | 450/3 | €17,647 | €17,643 | -€5 | 0.0% |
| Other amounts payable | 47/48 | €28,955 | €25,662 | -€3,293 | -11.4% |
| Accrued charges and deferred income | 492/3 | €103 | €2,163 | +€2,060 | +2,007% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,828 | €23,036 | +€15,208 | +194% |
| Other operating charges | 640/8 | €906 | €768 | -€138 | -15.2% |
| Gross operating margin | 9900 | €75,437 | €58,859 | -€16,578 | -22.0% |
| Operating profit (loss) | 9901 | €66,703 | €35,054 | -€31,649 | -47.4% |
| Financial income | 75/76B | €55 | €1,466 | +€1,411 | +2,575% |
| Recurring financial income | 75 | €55 | €1,466 | +€1,411 | +2,575% |
| Financial charges | 65/66B | €1,715 | €4,632 | +€2,918 | +170% |
| Recurring financial charges | 65 | €1,715 | €4,632 | +€2,918 | +170% |
| Profit (loss) for the period before taxes | 9903 | €65,043 | €31,888 | -€33,155 | -51.0% |
| Income taxes | 67/77 | €17,643 | €8,129 | -€9,514 | -53.9% |
| Profit (loss) for the period | 9904 | €47,401 | €23,759 | -€23,641 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,401 | €23,759 | -€23,641 | -49.9% |
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 28 October 2026 via checked.be.