NICOLAS CELIERES: 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.
NICOLAS CELIERES
Largest movements
- Cash -€800,502
down €800,502 (-53.9%), from €1.5m to €684,376
mainly Other debts (-€989,066) and Contributions, distributions and other (-€560,000)
- Other debts -€989,066
down €989,066 (-62.2%), from €1.6m to €600,934
- Profit (loss) carried forward +€144,515
up €144,515 (+7,162%), from €2,018 to €146,532
- Tax, wage and social debts +€27,060
up €27,060 (+341%), from €7,940 to €35,000
- Gross operating margin +€117,089
up €117,089 (+14.2%), from €824,120 to €941,209
- Taxes +€34,257
up €34,257 (+17.0%), from €200,940 to €235,197
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 | €1,605,162 | €794,557 | -€810,605 | -50.5% |
| Fixed assets | 21/28 | €1,828 | €3,349 | +€1,521 | +83.2% |
| Tangible fixed assets | 22/27 | €1,828 | €3,349 | +€1,521 | +83.2% |
| Furniture and vehicles | 24 | €1,828 | €3,349 | +€1,521 | +83.2% |
| Current assets | 29/58 | €1,603,333 | €791,207 | -€812,126 | -50.7% |
| Amounts receivable within one year | 40/41 | €5,373 | - | -€5,373 | |
| Other amounts receivable | 41 | €5,373 | - | -€5,373 | |
| Cash at bank and in hand | 54/58 | €1,484,878 | €684,376 | -€800,502 | -53.9% |
| Deferred charges and accrued income | 490/1 | €113,082 | €106,831 | -€6,250 | -5.5% |
| Total equity and liabilities | 10/49 | €1,605,162 | €794,557 | -€810,605 | -50.5% |
| Equity | 10/15 | €3,018 | €147,532 | +€144,515 | +4,789% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,018 | €146,532 | +€144,515 | +7,162% |
| Amounts payable | 17/49 | €1,602,144 | €647,025 | -€955,119 | -59.6% |
| Amounts payable within one year | 42/48 | €1,602,144 | €647,025 | -€955,119 | -59.6% |
| Trade debts | 44 | €4,204 | €11,091 | +€6,887 | +164% |
| Suppliers | 440/4 | €4,204 | €11,091 | +€6,887 | +164% |
| Taxes, remuneration and social security | 45 | €7,940 | €35,000 | +€27,060 | +341% |
| Taxes | 450/3 | €7,940 | €35,000 | +€27,060 | +341% |
| Other amounts payable | 47/48 | €1,590,000 | €600,934 | -€989,066 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €1,387 | +€1,357 | +4,439% |
| Other operating charges | 640/8 | €451 | €66 | -€385 | -85.4% |
| Gross operating margin | 9900 | €824,120 | €941,209 | +€117,089 | +14.2% |
| Operating profit (loss) | 9901 | €823,639 | €939,757 | +€116,118 | +14.1% |
| Financial income | 75/76B | €248 | - | -€248 | |
| Recurring financial income | 75 | €248 | - | -€248 | |
| Financial charges | 65/66B | €173 | €45 | -€128 | -74.0% |
| Recurring financial charges | 65 | €173 | €45 | -€128 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €823,713 | €939,712 | +€115,999 | +14.1% |
| Income taxes | 67/77 | €200,940 | €235,197 | +€34,257 | +17.0% |
| Profit (loss) for the period | 9904 | €622,773 | €704,515 | +€81,741 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €622,773 | €704,515 | +€81,741 | +13.1% |
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 23 October 2026 via checked.be.