NICO VANTHUYNE: 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 VANTHUYNE
Largest movements
- Current investments -€64,658
down €64,658 (-100%), from €64,658 to €0
- Cash -€27,137
down €27,137 (-16.8%), from €161,875 to €134,739
mainly Other debts (-€134,507) and Contributions, distributions and other (-€43,550)
- Deferred charges and accrued income +€10,965
up €10,965 (+1,210%), from €906 to €11,871
- Other debts -€134,507
down €134,507 (-92.8%), from €144,926 to €10,420
- Profit (loss) carried forward +€51,111
up €51,111 (+128%), from €40,000 to €91,111
- Provisions +€19,657
new in 2025: €19,657
- Accrued charges and deferred income -€14,425
down €14,425 (-100%), from €14,425 to €0
- Tax, wage and social debts -€4,567
down €4,567 (-25.9%), from €17,608 to €13,040
- Provisions +€19,657
new in 2025: €19,657
- Financial income +€10,626
up €10,626 (+466%), from €2,282 to €12,908
- Gross operating margin -€4,413
down €4,413 (-3.3%), from €133,239 to €128,826
- Taxes -€3,004
down €3,004 (-10.4%), from €28,875 to €25,871
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 | €236,919 | €153,993 | -€82,926 | -35.0% |
| Fixed assets | 21/28 | €9,480 | €7,383 | -€2,097 | -22.1% |
| Tangible fixed assets | 22/27 | €9,480 | €7,383 | -€2,097 | -22.1% |
| Furniture and vehicles | 24 | €1,803 | €1,038 | -€765 | -42.4% |
| Other tangible fixed assets | 26 | €7,677 | €6,346 | -€1,332 | -17.3% |
| Current assets | 29/58 | €227,439 | €146,610 | -€80,829 | -35.5% |
| Current investments | 50/53 | €64,658 | €0 | -€64,658 | -100% |
| Cash at bank and in hand | 54/58 | €161,875 | €134,739 | -€27,137 | -16.8% |
| Deferred charges and accrued income | 490/1 | €906 | €11,871 | +€10,965 | +1,210% |
| Total equity and liabilities | 10/49 | €236,919 | €153,993 | -€82,926 | -35.0% |
| Equity | 10/15 | €58,550 | €106,111 | +€47,561 | +81.2% |
| Contributions | 10/11 | €18,550 | €15,000 | -€3,550 | -19.1% |
| Profit (loss) carried forward | 14 | €40,000 | €91,111 | +€51,111 | +128% |
| Provisions and deferred taxes | 16 | - | €19,657 | +€19,657 | |
| Provisions for liabilities and charges | 160/5 | - | €19,657 | +€19,657 | |
| Other liabilities and charges | 164/5 | - | €19,657 | +€19,657 | |
| Amounts payable | 17/49 | €178,369 | €28,225 | -€150,144 | -84.2% |
| Amounts payable within one year | 42/48 | €163,944 | €28,225 | -€135,719 | -82.8% |
| Trade debts | 44 | €1,410 | €4,765 | +€3,355 | +238% |
| Suppliers | 440/4 | €1,410 | €4,765 | +€3,355 | +238% |
| Taxes, remuneration and social security | 45 | €17,608 | €13,040 | -€4,567 | -25.9% |
| Taxes | 450/3 | €17,608 | €13,040 | -€4,567 | -25.9% |
| Other amounts payable | 47/48 | €144,926 | €10,420 | -€134,507 | -92.8% |
| Accrued charges and deferred income | 492/3 | €14,425 | €0 | -€14,425 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,155 | €2,097 | -€58 | -2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €19,657 | +€19,657 | |
| Other operating charges | 640/8 | €1,116 | €880 | -€235 | -21.1% |
| Gross operating margin | 9900 | €133,239 | €128,826 | -€4,413 | -3.3% |
| Operating profit (loss) | 9901 | €129,969 | €106,192 | -€23,776 | -18.3% |
| Financial income | 75/76B | €2,282 | €12,908 | +€10,626 | +466% |
| Recurring financial income | 75 | €2,282 | €12,908 | +€10,626 | +466% |
| Financial charges | 65/66B | €1,127 | €2,117 | +€991 | +87.9% |
| Recurring financial charges | 65 | €1,127 | €2,117 | +€991 | +87.9% |
| Profit (loss) for the period before taxes | 9903 | €131,124 | €116,983 | -€14,141 | -10.8% |
| Income taxes | 67/77 | €28,875 | €25,871 | -€3,004 | -10.4% |
| Profit (loss) for the period | 9904 | €102,249 | €91,111 | -€11,137 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,249 | €91,111 | -€11,137 | -10.9% |
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 26 October 2026 via checked.be.