Nicolas Gonzalez: 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 Gonzalez
Largest movements
- Tangible fixed assets +€38,436
up €38,436 (+15.7%), from €245,175 to €283,612
of which Furniture and vehicles: +€37,159
- Cash +€13,523
up €13,523 (+33.1%), from €40,861 to €54,383
mainly Depreciation (+€32,471) and Net result for the year (+€30,578)
- Stocks and contracts -€5,703
down €5,703 (-45.3%), from €12,583 to €6,880
- Trade debts +€19,792
up €19,792 (+368%), from €5,379 to €25,171
- Reserves +€18,578
up €18,578 (+13.2%), from €141,018 to €159,596
- Other debts +€13,935
up €13,935 (+332%), from €4,192 to €18,127
- Debts after one year -€10,563
down €10,563 (-5.9%), from €179,364 to €168,800
- Tax, wage and social debts +€4,839
up €4,839 (+155%), from €3,119 to €7,958
of which Taxes: +€4,839
- Gross operating margin +€13,735
up €13,735 (+19.8%), from €69,495 to €83,230
- Write-downs -€12,820
down €12,820 (-71.9%), from €17,820 to €5,000
- Taxes +€11,884
up €11,884, from -€4,779 to €7,105
- Depreciation -€4,875
down €4,875 (-13.1%), from €37,346 to €32,471
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 | €351,801 | €400,339 | +€48,539 | +13.8% |
| Fixed assets | 21/28 | €245,175 | €283,612 | +€38,436 | +15.7% |
| Tangible fixed assets | 22/27 | €245,175 | €283,612 | +€38,436 | +15.7% |
| Land and buildings | 22 | €201,827 | €184,321 | -€17,506 | -8.7% |
| Plant, machinery and equipment | 23 | €24,816 | €43,599 | +€18,783 | +75.7% |
| Furniture and vehicles | 24 | €18,533 | €55,692 | +€37,159 | +201% |
| Current assets | 29/58 | €106,625 | €116,728 | +€10,103 | +9.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,583 | €6,880 | -€5,703 | -45.3% |
| Stocks | 30/36 | €12,583 | €6,880 | -€5,703 | -45.3% |
| Amounts receivable within one year | 40/41 | €11,089 | €14,109 | +€3,020 | +27.2% |
| Trade receivables | 40 | €1,888 | €2,942 | +€1,054 | +55.9% |
| Other amounts receivable | 41 | €9,201 | €11,167 | +€1,966 | +21.4% |
| Cash at bank and in hand | 54/58 | €40,861 | €54,383 | +€13,523 | +33.1% |
| Deferred charges and accrued income | 490/1 | €2,093 | €1,356 | -€737 | -35.2% |
| Total equity and liabilities | 10/49 | €351,801 | €400,339 | +€48,539 | +13.8% |
| Equity | 10/15 | €149,018 | €167,596 | +€18,578 | +12.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €141,018 | €159,596 | +€18,578 | +13.2% |
| Distributable reserves | 133 | €141,018 | €159,596 | +€18,578 | +13.2% |
| Amounts payable | 17/49 | €202,783 | €232,744 | +€29,961 | +14.8% |
| Amounts payable after more than one year | 17 | €179,364 | €168,800 | -€10,563 | -5.9% |
| Financial debts | 170/4 | €179,364 | €168,800 | -€10,563 | -5.9% |
| Amounts payable within one year | 42/48 | €23,419 | €61,864 | +€38,445 | +164% |
| Current portion of amounts payable after more than one year | 42 | €10,255 | €10,608 | +€352 | +3.4% |
| Trade debts | 44 | €5,379 | €25,171 | +€19,792 | +368% |
| Suppliers | 440/4 | €5,379 | €25,171 | +€19,792 | +368% |
| Advances received on contracts in progress | 46 | €473 | - | -€473 | |
| Taxes, remuneration and social security | 45 | €3,119 | €7,958 | +€4,839 | +155% |
| Taxes | 450/3 | €2,119 | €6,958 | +€4,839 | +228% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,192 | €18,127 | +€13,935 | +332% |
| Accrued charges and deferred income | 492/3 | - | €2,079 | +€2,079 | |
| Remuneration, social security and pensions | 62 | €884 | €325 | -€559 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,346 | €32,471 | -€4,875 | -13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,820 | €5,000 | -€12,820 | -71.9% |
| Other operating charges | 640/8 | €1,411 | €1,464 | +€53 | +3.7% |
| Gross operating margin | 9900 | €69,495 | €83,230 | +€13,735 | +19.8% |
| Operating profit (loss) | 9901 | €12,034 | €43,969 | +€31,935 | +265% |
| Financial income | 75/76B | €1,000 | €1,110 | +€110 | +11.0% |
| Recurring financial income | 75 | €1,000 | €1,110 | +€110 | +11.0% |
| Financial charges | 65/66B | €6,621 | €7,396 | +€775 | +11.7% |
| Recurring financial charges | 65 | €6,621 | €7,396 | +€775 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €6,413 | €37,682 | +€31,270 | +488% |
| Income taxes | 67/77 | -€4,779 | €7,105 | +€11,884 | |
| Profit (loss) for the period | 9904 | €11,192 | €30,578 | +€19,386 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €11,192 | €30,578 | +€19,386 | +173% |
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 20 October 2026 via checked.be.