NICO VAN DE PUTTE: 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 VAN DE PUTTE
Largest movements
- Cash +€32,312
up €32,312 (+213%), from €15,150 to €47,462
mainly Trade debts (+€34,912) and Other debts (+€3,736)
- Deferred charges and accrued income +€5,083
up €5,083 (+765%), from €665 to €5,748
- Stocks and contracts +€3,250
up €3,250 (+7.7%), from €42,476 to €45,726
- Receivables within one year +€2,782
up €2,782 (+4.1%), from €67,582 to €70,364
of which Trade receivables: +€2,707
- Trade debts +€34,912
up €34,912 (+179%), from €19,540 to €54,452
- Other debts +€3,736
up €3,736 (+89.3%), from €4,184 to €7,921
- Reserves +€3,000
up €3,000 (+3.4%), from €89,500 to €92,500
- Current portion of long-term debt +€2,066
new in 2025: €2,066
- Gross operating margin -€5,595
down €5,595 (-40.1%), from €13,937 to €8,342
- Depreciation -€1,355
down €1,355 (-30.2%), from €4,479 to €3,124
- Taxes -€805
down €805 (-43.4%), from €1,855 to €1,050
- Financial charges -€556
down €556 (-80.2%), from €693 to €137
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 | €129,183 | €171,572 | +€42,389 | +32.8% |
| Fixed assets | 21/28 | €3,310 | €2,272 | -€1,038 | -31.4% |
| Tangible fixed assets | 22/27 | €3,310 | €2,272 | -€1,038 | -31.4% |
| Plant, machinery and equipment | 23 | €699 | €109 | -€590 | -84.5% |
| Furniture and vehicles | 24 | €2,020 | €1,759 | -€261 | -12.9% |
| Other tangible fixed assets | 26 | €591 | €404 | -€187 | -31.6% |
| Current assets | 29/58 | €125,872 | €169,300 | +€43,427 | +34.5% |
| Stocks and contracts in progress | 3 | €42,476 | €45,726 | +€3,250 | +7.7% |
| Stocks | 30/36 | €42,476 | €45,726 | +€3,250 | +7.7% |
| Amounts receivable within one year | 40/41 | €67,582 | €70,364 | +€2,782 | +4.1% |
| Trade receivables | 40 | €48,201 | €50,908 | +€2,707 | +5.6% |
| Other amounts receivable | 41 | €19,381 | €19,456 | +€75 | +0.4% |
| Cash at bank and in hand | 54/58 | €15,150 | €47,462 | +€32,312 | +213% |
| Deferred charges and accrued income | 490/1 | €665 | €5,748 | +€5,083 | +765% |
| Total equity and liabilities | 10/49 | €129,183 | €171,572 | +€42,389 | +32.8% |
| Equity | 10/15 | €101,967 | €105,170 | +€3,203 | +3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €89,500 | €92,500 | +€3,000 | +3.4% |
| Distributable reserves | 133 | €89,500 | €92,500 | +€3,000 | +3.4% |
| Profit (loss) carried forward | 14 | €67 | €270 | +€203 | +302% |
| Amounts payable | 17/49 | €27,215 | €66,401 | +€39,186 | +144% |
| Amounts payable within one year | 42/48 | €27,215 | €66,401 | +€39,186 | +144% |
| Current portion of amounts payable after more than one year | 42 | - | €2,066 | +€2,066 | |
| Trade debts | 44 | €19,540 | €54,452 | +€34,912 | +179% |
| Suppliers | 440/4 | €19,540 | €54,452 | +€34,912 | +179% |
| Taxes, remuneration and social security | 45 | €3,491 | €1,963 | -€1,529 | -43.8% |
| Taxes | 450/3 | €1,541 | €0 | -€1,541 | -100% |
| Remuneration and social security | 454/9 | €1,950 | €1,963 | +€13 | +0.6% |
| Other amounts payable | 47/48 | €4,184 | €7,921 | +€3,736 | +89.3% |
| Remuneration, social security and pensions | 62 | -€79 | €0 | +€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,479 | €3,124 | -€1,355 | -30.2% |
| Other operating charges | 640/8 | €813 | €875 | +€62 | +7.7% |
| Gross operating margin | 9900 | €13,937 | €8,342 | -€5,595 | -40.1% |
| Operating profit (loss) | 9901 | €8,724 | €4,342 | -€4,382 | -50.2% |
| Financial income | 75/76B | €51 | €48 | -€3 | -6.3% |
| Recurring financial income | 75 | €51 | €48 | -€3 | -6.3% |
| Financial charges | 65/66B | €693 | €137 | -€556 | -80.2% |
| Recurring financial charges | 65 | €693 | €137 | -€556 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | €8,083 | €4,253 | -€3,830 | -47.4% |
| Income taxes | 67/77 | €1,855 | €1,050 | -€805 | -43.4% |
| Profit (loss) for the period | 9904 | €6,228 | €3,203 | -€3,025 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,228 | €3,203 | -€3,025 | -48.6% |
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 25 October 2026 via checked.be.