Nick Wante: what changed
Nick Wante
Largest movements
- Stocks and contracts -€6,565
no longer reported in 2025 (was €6,565)
- Cash +€2,913
up €2,913 (+13.4%), from €21,708 to €24,621
mainly Depreciation (+€14,645) and Stocks and contracts (+€6,565)
- Receivables within one year -€1,539
down €1,539 (-5.5%), from €27,872 to €26,333
of which Trade receivables: -€5,123
- Tangible fixed assets -€1,435
down €1,435 (-2.5%), from €57,668 to €56,233
of which Furniture and vehicles: -€8,348
- Debts after one year -€10,632
down €10,632 (-29.5%), from €36,011 to €25,379
- Reserves +€3,274
up €3,274 (+6.4%), from €50,901 to €54,174
- Other debts +€1,828
up €1,828 (+24.0%), from €7,628 to €9,457
- Tax, wage and social debts -€1,387
down €1,387 (-19.1%), from €7,259 to €5,872
of which Taxes: -€1,387
- Depreciation +€3,890
up €3,890 (+36.2%), from €10,754 to €14,645
- Gross operating margin -€3,003
down €3,003 (-12.5%), from €24,095 to €21,092
- Taxes -€1,457
down €1,457 (-54.3%), from €2,685 to €1,228
- Other operating charges -€339
down €339 (-49.5%), from €685 to €346
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,096 | €107,514 | -€6,582 | -5.8% |
| Fixed assets | 21/28 | €57,668 | €56,233 | -€1,435 | -2.5% |
| Tangible fixed assets | 22/27 | €57,668 | €56,233 | -€1,435 | -2.5% |
| Plant, machinery and equipment | 23 | €1,950 | €5,621 | +€3,671 | +188% |
| Furniture and vehicles | 24 | €55,200 | €46,851 | -€8,348 | -15.1% |
| Other tangible fixed assets | 26 | €519 | €3,761 | +€3,242 | +624% |
| Current assets | 29/58 | €56,428 | €51,281 | -€5,147 | -9.1% |
| Stocks and contracts in progress | 3 | €6,565 | - | -€6,565 | |
| Contracts in progress | 37 | €6,565 | - | -€6,565 | |
| Amounts receivable within one year | 40/41 | €27,872 | €26,333 | -€1,539 | -5.5% |
| Trade receivables | 40 | €10,368 | €5,245 | -€5,123 | -49.4% |
| Other amounts receivable | 41 | €17,504 | €21,087 | +€3,584 | +20.5% |
| Cash at bank and in hand | 54/58 | €21,708 | €24,621 | +€2,913 | +13.4% |
| Deferred charges and accrued income | 490/1 | €283 | €327 | +€44 | +15.5% |
| Total equity and liabilities | 10/49 | €114,096 | €107,514 | -€6,582 | -5.8% |
| Equity | 10/15 | €52,901 | €56,174 | +€3,274 | +6.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €50,901 | €54,174 | +€3,274 | +6.4% |
| Distributable reserves | 133 | €50,901 | €54,174 | +€3,274 | +6.4% |
| Amounts payable | 17/49 | €61,195 | €51,340 | -€9,856 | -16.1% |
| Amounts payable after more than one year | 17 | €36,011 | €25,379 | -€10,632 | -29.5% |
| Financial debts | 170/4 | €36,011 | €25,379 | -€10,632 | -29.5% |
| Amounts payable within one year | 42/48 | €25,184 | €25,961 | +€776 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €10,254 | €10,632 | +€378 | +3.7% |
| Trade debts | 44 | €44 | - | -€44 | |
| Suppliers | 440/4 | €44 | - | -€44 | |
| Taxes, remuneration and social security | 45 | €7,259 | €5,872 | -€1,387 | -19.1% |
| Taxes | 450/3 | €5,259 | €3,872 | -€1,387 | -26.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,628 | €9,457 | +€1,828 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,754 | €14,645 | +€3,890 | +36.2% |
| Other operating charges | 640/8 | €685 | €346 | -€339 | -49.5% |
| Gross operating margin | 9900 | €24,095 | €21,092 | -€3,003 | -12.5% |
| Operating profit (loss) | 9901 | €12,656 | €6,102 | -€6,554 | -51.8% |
| Financial charges | 65/66B | €1,438 | €1,600 | +€163 | +11.3% |
| Recurring financial charges | 65 | €1,438 | €1,600 | +€163 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €11,218 | €4,501 | -€6,717 | -59.9% |
| Income taxes | 67/77 | €2,685 | €1,228 | -€1,457 | -54.3% |
| Profit (loss) for the period | 9904 | €8,533 | €3,274 | -€5,259 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,533 | €3,274 | -€5,259 | -61.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.