Nicolas D'heygere: what changed
What changed
Nicolas D'heygere
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€8.3m
2023 · €14.9m-€6.6m
Equity
€20.9m
2023 · €15.7m+€5.3m
Cash
€7,797
2023 · €4,171+€3,625
Balance sheet total
€23.7m
2023 · €16.4m+€7.4m
Largest movements
Assets
- Financial fixed assets +€8.1m
up €8.1m (+55.8%), from €14.6m to €22.7m
- Current investments -€800,000
down €800,000 (-47.1%), from €1.7m to €900,000
Equity and liabilities
- Profit (loss) carried forward +€5.3m
up €5.3m (+33.7%), from €15.6m to €20.9m
- Debts after one year +€2.4m
up €2.4m (+1,524%), from €160,730 to €2.6m
of which Other amounts payable: +€2.6m
- Other debts -€286,547
down €286,547 (-83.8%), from €342,126 to €55,579
Income statement
- Financial income -€6.7m
down €6.7m (-45.9%), from €14.6m to €7.9m
of which Financial income: -€13.5m
- Gross operating margin +€63,965
up €63,965 (+13.1%), from €488,790 to €552,755
- Financial charges -€50,425
down €50,425 (-89.2%), from €56,512 to €6,087
- Taxes +€37,885
up €37,885 (+33.6%), from €112,743 to €150,628
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€14.9m
Gross operating margin
+€63,965
Depreciation
-€3,159
Other operating charges
+€850
Financial income
-€6.7m
Financial charges
+€50,425
Taxes
-€37,885
Result 2024
€8.3m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8.0m
Investment
-€7.4m
Financing
-€550,471
Cash 2023
€4,171
From operations (derived)
+€8.0m
Net result for the year
+€8.3m
Depreciation
+€14,858
Receivables within one year
+€47,368
Smaller working-capital items
-€23,830
Other debts
-€286,547
Accrued charges and deferred income
-€49,252
Investment (derived)
-€7.4m
Investment in fixed assets (net)
-€8.2m
Current investments
+€800,000
Financing
-€550,471
Debts after one year
+€2.4m
Current portion of long-term debt
+€891
Short-term financial debts
-€110
Contributions, distributions and other
-€3.0m
Cash 2024
€7,797
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,380,545 | €23,740,573 | +€7.4m | +44.9% |
| Fixed assets | 21/28 | €14,627,335 | €22,825,325 | +€8.2m | +56.0% |
| Tangible fixed assets | 22/27 | €31,583 | €83,908 | +€52,325 | +166% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €31,583 | €55,911 | +€24,328 | +77.0% |
| Other tangible fixed assets | 26 | - | €27,997 | +€27,997 | |
| Financial fixed assets | 28 | €14,595,752 | €22,741,417 | +€8.1m | +55.8% |
| Current assets | 29/58 | €1,753,210 | €915,248 | -€837,961 | -47.8% |
| Amounts receivable within one year | 40/41 | €47,391 | €23 | -€47,368 | -100.0% |
| Other amounts receivable | 41 | €47,391 | €23 | -€47,368 | -100.0% |
| Current investments | 50/53 | €1,700,000 | €900,000 | -€800,000 | -47.1% |
| Cash at bank and in hand | 54/58 | €4,171 | €7,797 | +€3,625 | +86.9% |
| Deferred charges and accrued income | 490/1 | €1,647 | €7,428 | +€5,781 | +351% |
| Total equity and liabilities | 10/49 | €16,380,545 | €23,740,573 | +€7.4m | +44.9% |
| Equity | 10/15 | €15,674,016 | €20,938,363 | +€5.3m | +33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,029 | €19,029 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,029 | €19,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,636,386 | €20,900,734 | +€5.3m | +33.7% |
| Amounts payable | 17/49 | €706,529 | €2,802,210 | +€2.1m | +297% |
| Amounts payable after more than one year | 17 | €160,730 | €2,609,478 | +€2.4m | +1,524% |
| Financial debts | 170/4 | €160,730 | €59,478 | -€101,252 | -63.0% |
| Other amounts payable | 178/9 | €0 | €2,550,000 | +€2.6m | |
| Amounts payable within one year | 42/48 | €492,914 | €189,099 | -€303,815 | -61.6% |
| Current portion of amounts payable after more than one year | 42 | €100,361 | €101,252 | +€891 | +0.9% |
| Financial debts | 43 | €110 | €0 | -€110 | -100% |
| Credit institutions | 430/8 | €110 | €0 | -€110 | -100% |
| Trade debts | 44 | €5,412 | €2,377 | -€3,035 | -56.1% |
| Suppliers | 440/4 | €5,412 | €2,377 | -€3,035 | -56.1% |
| Taxes, remuneration and social security | 45 | €44,905 | €29,892 | -€15,014 | -33.4% |
| Taxes | 450/3 | €44,905 | €29,892 | -€15,014 | -33.4% |
| Other amounts payable | 47/48 | €342,126 | €55,579 | -€286,547 | -83.8% |
| Accrued charges and deferred income | 492/3 | €52,884 | €3,633 | -€49,252 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,699 | €14,858 | +€3,159 | +27.0% |
| Other operating charges | 640/8 | €2,765 | €1,915 | -€850 | -30.8% |
| Gross operating margin | 9900 | €488,790 | €552,755 | +€63,965 | +13.1% |
| Operating profit (loss) | 9901 | €474,326 | €535,983 | +€61,657 | +13.0% |
| Financial income | 75/76B | €14,575,625 | €7,885,079 | -€6.7m | -45.9% |
| Recurring financial income | 75 | €14,575,625 | €1,073,982 | -€13.5m | -92.6% |
| Non-recurring financial income | 76B | - | €6,811,098 | +€6.8m | |
| Financial charges | 65/66B | €56,512 | €6,087 | -€50,425 | -89.2% |
| Recurring financial charges | 65 | €56,512 | €6,087 | -€50,425 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €14,993,439 | €8,414,975 | -€6.6m | -43.9% |
| Income taxes | 67/77 | €112,743 | €150,628 | +€37,885 | +33.6% |
| Profit (loss) for the period | 9904 | €14,880,696 | €8,264,347 | -€6.6m | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,880,696 | €8,264,347 | -€6.6m | -44.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.