Nico Vanderlinden: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Nico Vanderlinden
Largest movements
- Receivables within one year +€99,502
up €99,502 (+112%), from €88,637 to €188,139
of which Trade receivables: +€99,502
- Tangible fixed assets +€29,443
up €29,443 (+320%), from €9,200 to €38,643
of which Furniture and vehicles: +€30,943
- Cash -€5,915
down €5,915 (-49.9%), from €11,847 to €5,932
mainly Receivables within one year (-€99,502) and Investment in fixed assets (net) (-€33,062)
- Reserves +€69,881
up €69,881 (+211%), from €33,126 to €103,007
- Tax, wage and social debts +€35,374
up €35,374 (+77.3%), from €45,740 to €81,115
of which Taxes: +€37,874
- Other debts +€9,410
up €9,410 (+35.4%), from €26,582 to €35,991
- Trade debts +€4,245
up €4,245 (+1,224%), from €347 to €4,592
- Accrued charges and deferred income +€4,107
up €4,107 (+455%), from €903 to €5,010
- Gross operating margin +€53,789
up €53,789 (+109%), from €49,225 to €103,014
- Taxes +€15,005
up €15,005 (+117%), from €12,834 to €27,839
- Depreciation +€1,319
up €1,319 (+57.4%), from €2,300 to €3,619
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 | €109,698 | €232,714 | +€123,017 | +112% |
| Fixed assets | 21/28 | €9,200 | €38,643 | +€29,443 | +320% |
| Tangible fixed assets | 22/27 | €9,200 | €38,643 | +€29,443 | +320% |
| Plant, machinery and equipment | 23 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Furniture and vehicles | 24 | €3,200 | €34,143 | +€30,943 | +967% |
| Current assets | 29/58 | €100,498 | €194,071 | +€93,574 | +93.1% |
| Amounts receivable within one year | 40/41 | €88,637 | €188,139 | +€99,502 | +112% |
| Trade receivables | 40 | €88,159 | €187,661 | +€99,502 | +113% |
| Other amounts receivable | 41 | €478 | €478 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,847 | €5,932 | -€5,915 | -49.9% |
| Deferred charges and accrued income | 490/1 | €13 | €0 | -€13 | -100% |
| Total equity and liabilities | 10/49 | €109,698 | €232,714 | +€123,017 | +112% |
| Equity | 10/15 | €36,126 | €106,007 | +€69,881 | +193% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,126 | €103,007 | +€69,881 | +211% |
| Distributable reserves | 133 | €33,126 | €103,007 | +€69,881 | +211% |
| Amounts payable | 17/49 | €73,572 | €126,707 | +€53,136 | +72.2% |
| Amounts payable within one year | 42/48 | €72,669 | €121,698 | +€49,029 | +67.5% |
| Trade debts | 44 | €347 | €4,592 | +€4,245 | +1,224% |
| Suppliers | 440/4 | €347 | €4,592 | +€4,245 | +1,224% |
| Taxes, remuneration and social security | 45 | €45,740 | €81,115 | +€35,374 | +77.3% |
| Taxes | 450/3 | €15,740 | €53,615 | +€37,874 | +241% |
| Remuneration and social security | 454/9 | €30,000 | €27,500 | -€2,500 | -8.3% |
| Other amounts payable | 47/48 | €26,582 | €35,991 | +€9,410 | +35.4% |
| Accrued charges and deferred income | 492/3 | €903 | €5,010 | +€4,107 | +455% |
| Non-recurring operating income | 76A | - | €106 | +€106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,300 | €3,619 | +€1,319 | +57.4% |
| Other operating charges | 640/8 | €965 | €1,564 | +€599 | +62.1% |
| Gross operating margin | 9900 | €49,225 | €103,014 | +€53,789 | +109% |
| Operating profit (loss) | 9901 | €45,960 | €97,831 | +€51,871 | +113% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €0 | €136 | +€136 | +227,100% |
| Recurring financial charges | 65 | €0 | €136 | +€136 | +227,100% |
| Profit (loss) for the period before taxes | 9903 | €45,960 | €97,720 | +€51,760 | +113% |
| Income taxes | 67/77 | €12,834 | €27,839 | +€15,005 | +117% |
| Profit (loss) for the period | 9904 | €33,126 | €69,881 | +€36,755 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €33,126 | €69,881 | +€36,755 | +111% |
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 1 November 2026 via checked.be.