NICK WOSTYN: 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 WOSTYN
Largest movements
- Financial fixed assets +€80,928
up €80,928 (+181%), from €44,615 to €125,543
- Cash -€31,096
down €31,096 (-69.2%), from €44,917 to €13,821
mainly Investment in fixed assets (net) (-€80,928) and Contributions, distributions and other (-€11,765)
- Receivables within one year +€5,395
up €5,395 (+47.8%), from €11,298 to €16,694
of which Trade receivables: +€2,956
- Reserves +€26,500
up €26,500 (+43.2%), from €61,400 to €87,900
- Current portion of long-term debt +€13,432
up €13,432 (+199%), from €6,751 to €20,183
- Other debts +€11,054
up €11,054 (+1,389%), from €796 to €11,850
- Tax, wage and social debts -€10,586
down €10,586 (-84.1%), from €12,589 to €2,002
- Debts after one year +€10,279
up €10,279 (+66.4%), from €15,475 to €25,754
- Gross operating margin +€13,849
up €13,849 (+32.9%), from €42,083 to €55,932
- Taxes +€3,757
up €3,757 (+34.8%), from €10,804 to €14,561
- Financial charges +€1,069
up €1,069 (+94.3%), from €1,134 to €2,203
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 | €101,036 | €156,058 | +€55,021 | +54.5% |
| Fixed assets | 21/28 | €44,821 | €125,543 | +€80,723 | +180% |
| Tangible fixed assets | 22/27 | €205 | €0 | -€205 | -100% |
| Plant, machinery and equipment | 23 | €205 | €0 | -€205 | -100% |
| Financial fixed assets | 28 | €44,615 | €125,543 | +€80,928 | +181% |
| Current assets | 29/58 | €56,216 | €30,514 | -€25,701 | -45.7% |
| Amounts receivable within one year | 40/41 | €11,298 | €16,694 | +€5,395 | +47.8% |
| Trade receivables | 40 | €11,298 | €14,255 | +€2,956 | +26.2% |
| Other amounts receivable | 41 | €0 | €2,439 | +€2,439 | |
| Cash at bank and in hand | 54/58 | €44,917 | €13,821 | -€31,096 | -69.2% |
| Total equity and liabilities | 10/49 | €101,036 | €156,058 | +€55,021 | +54.5% |
| Equity | 10/15 | €64,109 | €90,521 | +€26,412 | +41.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €61,400 | €87,900 | +€26,500 | +43.2% |
| Distributable reserves | 133 | €61,400 | €87,900 | +€26,500 | +43.2% |
| Profit (loss) carried forward | 14 | €209 | €121 | -€88 | -41.9% |
| Amounts payable | 17/49 | €36,927 | €65,536 | +€28,609 | +77.5% |
| Amounts payable after more than one year | 17 | €15,475 | €25,754 | +€10,279 | +66.4% |
| Financial debts | 170/4 | €15,475 | €25,754 | +€10,279 | +66.4% |
| Amounts payable within one year | 42/48 | €21,452 | €39,782 | +€18,330 | +85.4% |
| Current portion of amounts payable after more than one year | 42 | €6,751 | €20,183 | +€13,432 | +199% |
| Trade debts | 44 | €1,316 | €5,747 | +€4,431 | +337% |
| Suppliers | 440/4 | €1,316 | €5,747 | +€4,431 | +337% |
| Taxes, remuneration and social security | 45 | €12,589 | €2,002 | -€10,586 | -84.1% |
| Taxes | 450/3 | €12,589 | €2,002 | -€10,586 | -84.1% |
| Other amounts payable | 47/48 | €796 | €11,850 | +€11,054 | +1,389% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329 | €205 | -€123 | -37.5% |
| Other operating charges | 640/8 | €288 | €786 | +€498 | +173% |
| Gross operating margin | 9900 | €42,083 | €55,932 | +€13,849 | +32.9% |
| Operating profit (loss) | 9901 | €41,467 | €54,941 | +€13,474 | +32.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,134 | €2,203 | +€1,069 | +94.3% |
| Recurring financial charges | 65 | €1,134 | €2,203 | +€1,069 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €40,333 | €52,738 | +€12,405 | +30.8% |
| Income taxes | 67/77 | €10,804 | €14,561 | +€3,757 | +34.8% |
| Profit (loss) for the period | 9904 | €29,529 | €38,177 | +€8,648 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,529 | €38,177 | +€8,648 | +29.3% |
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.