Nicolas Lejeune: 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 Lejeune
Largest movements
- Current investments -€99,924
no longer reported in 2025 (was €99,924)
- Cash +€60,610
up €60,610 (+74.1%), from €81,829 to €142,439
mainly Current investments (+€99,924) and Net result for the year (+€74,629)
- Other debts -€18,933
down €18,933 (-18.7%), from €101,286 to €82,353
- Tax, wage and social debts -€13,669
down €13,669 (-62.7%), from €21,785 to €8,116
of which Taxes: -€11,523
- Profit (loss) carried forward -€7,724
down €7,724 (-87.9%), from €8,791 to €1,067
- Taxes -€6,081
down €6,081 (-24.3%), from €25,053 to €18,972
- Financial income +€3,076
new in 2025: €3,076
- Gross operating margin -€1,068
down €1,068 (-1.2%), from €92,846 to €91,778
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 | €217,520 | €177,548 | -€39,971 | -18.4% |
| Fixed assets | 21/28 | €1,528 | €929 | -€600 | -39.3% |
| Tangible fixed assets | 22/27 | €1,489 | €889 | -€600 | -40.3% |
| Furniture and vehicles | 24 | €1,489 | €889 | -€600 | -40.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €215,991 | €176,620 | -€39,371 | -18.2% |
| Amounts receivable within one year | 40/41 | €34,238 | €34,181 | -€57 | -0.2% |
| Trade receivables | 40 | €34,238 | €32,181 | -€2,057 | -6.0% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Current investments | 50/53 | €99,924 | - | -€99,924 | |
| Cash at bank and in hand | 54/58 | €81,829 | €142,439 | +€60,610 | +74.1% |
| Total equity and liabilities | 10/49 | €217,520 | €177,548 | -€39,971 | -18.4% |
| Equity | 10/15 | €92,391 | €84,667 | -€7,724 | -8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,791 | €1,067 | -€7,724 | -87.9% |
| Amounts payable | 17/49 | €125,129 | €92,881 | -€32,248 | -25.8% |
| Amounts payable within one year | 42/48 | €124,294 | €90,878 | -€33,416 | -26.9% |
| Trade debts | 44 | €1,223 | €409 | -€814 | -66.5% |
| Suppliers | 440/4 | €1,223 | €409 | -€814 | -66.5% |
| Taxes, remuneration and social security | 45 | €21,785 | €8,116 | -€13,669 | -62.7% |
| Taxes | 450/3 | €19,639 | €8,116 | -€11,523 | -58.7% |
| Remuneration and social security | 454/9 | €2,146 | - | -€2,146 | |
| Other amounts payable | 47/48 | €101,286 | €82,353 | -€18,933 | -18.7% |
| Accrued charges and deferred income | 492/3 | €835 | €2,003 | +€1,168 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €600 | +€288 | +92.6% |
| Other operating charges | 640/8 | €528 | €539 | +€11 | +2.0% |
| Gross operating margin | 9900 | €92,846 | €91,778 | -€1,068 | -1.2% |
| Operating profit (loss) | 9901 | €92,006 | €90,639 | -€1,367 | -1.5% |
| Financial income | 75/76B | - | €3,076 | +€3,076 | |
| Recurring financial income | 75 | - | €3,076 | +€3,076 | |
| Financial charges | 65/66B | €114 | €114 | -€0 | -0.3% |
| Recurring financial charges | 65 | €114 | €114 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €91,892 | €93,601 | +€1,709 | +1.9% |
| Income taxes | 67/77 | €25,053 | €18,972 | -€6,081 | -24.3% |
| Profit (loss) for the period | 9904 | €66,839 | €74,629 | +€7,790 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,839 | €74,629 | +€7,790 | +11.7% |
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 29 October 2026 via checked.be.