NICO HAARSTUDIO: 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.
NICO HAARSTUDIO
Largest movements
- Cash +€7,649
up €7,649 (+12.5%), from €61,427 to €69,076
mainly Net result for the year (+€10,622) and Depreciation (+€4,788)
- Current investments +€5,000
up €5,000 (+100%), from €5,000 to €10,000
- Tangible fixed assets -€2,888
down €2,888 (-7.4%), from €38,801 to €35,913
of which Land and buildings: -€4,637
- Reserves +€11,672
up €11,672 (+41.2%), from €28,356 to €40,028
of which Distributable reserves: +€11,672
- Trade debts +€2,962
up €2,962 (+479%), from €618 to €3,580
- Other debts -€2,061
down €2,061 (-5.4%), from €38,427 to €36,366
- Debts after one year -€1,279
no longer reported in 2025 (was €1,279)
- Gross operating margin +€1,931
up €1,931 (+3.0%), from €64,535 to €66,466
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 | €106,641 | €116,503 | +€9,862 | +9.2% |
| Fixed assets | 21/28 | €38,801 | €35,913 | -€2,888 | -7.4% |
| Tangible fixed assets | 22/27 | €38,801 | €35,913 | -€2,888 | -7.4% |
| Land and buildings | 22 | €38,801 | €34,164 | -€4,637 | -12.0% |
| Furniture and vehicles | 24 | - | €1,749 | +€1,749 | |
| Current assets | 29/58 | €67,840 | €80,589 | +€12,750 | +18.8% |
| Stocks and contracts in progress | 3 | €1,052 | €1,194 | +€142 | +13.5% |
| Stocks | 30/36 | €1,052 | €1,194 | +€142 | +13.5% |
| Current investments | 50/53 | €5,000 | €10,000 | +€5,000 | +100% |
| Cash at bank and in hand | 54/58 | €61,427 | €69,076 | +€7,649 | +12.5% |
| Deferred charges and accrued income | 490/1 | €361 | €319 | -€41 | -11.4% |
| Total equity and liabilities | 10/49 | €106,641 | €116,503 | +€9,862 | +9.2% |
| Equity | 10/15 | €55,705 | €66,327 | +€10,622 | +19.1% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Revaluation surpluses | 12 | €14,944 | €13,894 | -€1,050 | -7.0% |
| Reserves | 13 | €28,356 | €40,028 | +€11,672 | +41.2% |
| Non-distributable reserves | 130/1 | €683 | €683 | = | 0.0% |
| Reserves not available under the articles | 1311 | €683 | €683 | = | 0.0% |
| Distributable reserves | 133 | €27,673 | €39,345 | +€11,672 | +42.2% |
| Amounts payable | 17/49 | €50,936 | €50,176 | -€760 | -1.5% |
| Amounts payable after more than one year | 17 | €1,279 | - | -€1,279 | |
| Financial debts | 170/4 | €1,279 | - | -€1,279 | |
| Amounts payable within one year | 42/48 | €49,658 | €50,176 | +€519 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €2,159 | €1,279 | -€880 | -40.8% |
| Trade debts | 44 | €618 | €3,580 | +€2,962 | +479% |
| Suppliers | 440/4 | €618 | €3,580 | +€2,962 | +479% |
| Taxes, remuneration and social security | 45 | €8,454 | €8,952 | +€498 | +5.9% |
| Taxes | 450/3 | €3,875 | €2,511 | -€1,363 | -35.2% |
| Remuneration and social security | 454/9 | €4,579 | €6,440 | +€1,861 | +40.6% |
| Other amounts payable | 47/48 | €38,427 | €36,366 | -€2,061 | -5.4% |
| Remuneration, social security and pensions | 62 | €44,948 | €44,517 | -€432 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,637 | €4,788 | +€151 | +3.3% |
| Other operating charges | 640/8 | €2,078 | €2,141 | +€64 | +3.1% |
| Gross operating margin | 9900 | €64,535 | €66,466 | +€1,931 | +3.0% |
| Operating profit (loss) | 9901 | €12,872 | €15,020 | +€2,147 | +16.7% |
| Financial income | 75/76B | €415 | €408 | -€7 | -1.8% |
| Recurring financial income | 75 | €415 | €408 | -€7 | -1.8% |
| Financial charges | 65/66B | €293 | €287 | -€6 | -2.0% |
| Recurring financial charges | 65 | €293 | €287 | -€6 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €12,994 | €15,140 | +€2,146 | +16.5% |
| Income taxes | 67/77 | €3,934 | €4,518 | +€584 | +14.8% |
| Profit (loss) for the period | 9904 | €9,060 | €10,622 | +€1,562 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,060 | €10,622 | +€1,562 | +17.2% |
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 17 October 2026 via checked.be.