NICOLAS DE BECKER: 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 DE BECKER
Largest movements
- Receivables within one year +€56,065
up €56,065 (+47.4%), from €118,184 to €174,249
of which Other amounts receivable: +€55,923
- Profit (loss) carried forward +€56,830
up €56,830 (+20.5%), from €277,521 to €334,351
- Gross operating margin -€1,561
down €1,561 (-2.0%), from €77,549 to €75,989
- Taxes -€1,436
down €1,436 (-8.2%), from €17,555 to €16,118
- Other operating charges -€788
down €788 (-42.5%), from €1,854 to €1,066
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 | €493,077 | €544,986 | +€51,910 | +10.5% |
| Fixed assets | 21/28 | €292,865 | €290,663 | -€2,202 | -0.8% |
| Tangible fixed assets | 22/27 | €7,609 | €5,407 | -€2,202 | -28.9% |
| Furniture and vehicles | 24 | €1,531 | €766 | -€766 | -50.0% |
| Other tangible fixed assets | 26 | €6,078 | €4,642 | -€1,436 | -23.6% |
| Financial fixed assets | 28 | €285,255 | €285,255 | = | 0.0% |
| Current assets | 29/58 | €200,212 | €254,324 | +€54,111 | +27.0% |
| Amounts receivable within one year | 40/41 | €118,184 | €174,249 | +€56,065 | +47.4% |
| Trade receivables | 40 | €231 | €373 | +€142 | +61.2% |
| Other amounts receivable | 41 | €117,953 | €173,876 | +€55,923 | +47.4% |
| Cash at bank and in hand | 54/58 | €81,516 | €80,074 | -€1,442 | -1.8% |
| Deferred charges and accrued income | 490/1 | €511 | - | -€511 | |
| Total equity and liabilities | 10/49 | €493,077 | €544,986 | +€51,910 | +10.5% |
| Equity | 10/15 | €453,781 | €510,611 | +€56,830 | +12.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €163,860 | €163,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €162,000 | €162,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,521 | €334,351 | +€56,830 | +20.5% |
| Amounts payable | 17/49 | €39,295 | €34,376 | -€4,920 | -12.5% |
| Amounts payable within one year | 42/48 | €39,295 | €34,376 | -€4,920 | -12.5% |
| Trade debts | 44 | €2,245 | €2,208 | -€37 | -1.6% |
| Suppliers | 440/4 | €2,245 | €2,208 | -€37 | -1.6% |
| Taxes, remuneration and social security | 45 | €37,051 | €32,168 | -€4,883 | -13.2% |
| Taxes | 450/3 | €37,051 | €32,168 | -€4,883 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,202 | €2,202 | = | 0.0% |
| Other operating charges | 640/8 | €1,854 | €1,066 | -€788 | -42.5% |
| Gross operating margin | 9900 | €77,549 | €75,989 | -€1,561 | -2.0% |
| Operating profit (loss) | 9901 | €73,494 | €72,721 | -€773 | -1.1% |
| Financial income | 75/76B | €804 | €595 | -€209 | -26.0% |
| Recurring financial income | 75 | €804 | €595 | -€209 | -26.0% |
| Financial charges | 65/66B | €42 | €368 | +€325 | +766% |
| Recurring financial charges | 65 | €42 | €368 | +€325 | +766% |
| Profit (loss) for the period before taxes | 9903 | €74,255 | €72,948 | -€1,307 | -1.8% |
| Income taxes | 67/77 | €17,555 | €16,118 | -€1,436 | -8.2% |
| Profit (loss) for the period | 9904 | €56,701 | €56,830 | +€129 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,701 | €56,830 | +€129 | +0.2% |
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 13 October 2026 via checked.be.