Nicolas Lion: 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 Lion
Largest movements
- Receivables after one year -€73,245
no longer reported in 2025 (was €73,245)
- Receivables within one year -€23,712
down €23,712 (-39.6%), from €59,816 to €36,104
of which Other amounts receivable: -€36,752
- Cash +€22,169
up €22,169 (+83.7%), from €26,482 to €48,650
mainly Receivables after one year (+€73,245) and Net result for the year (+€71,123)
- Profit (loss) carried forward -€109,677
down €109,677 (-100.0%), from €109,693 to €15
- Tax, wage and social debts +€36,460
up €36,460 (+104%), from €34,964 to €71,424
of which Taxes: +€34,240
- Trade debts -€10,637
down €10,637 (-73.7%), from €14,438 to €3,800
- Other debts +€9,180
new in 2025: €9,180
- Gross operating margin +€44,950
up €44,950 (+83.8%), from €53,647 to €98,597
- Taxes +€13,714
up €13,714 (+98.0%), from €13,994 to €27,707
- Financial income +€3,506
up €3,506 (+109%), from €3,222 to €6,728
- Other operating charges +€3,246
up €3,246 (+838%), from €387 to €3,633
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 | €160,594 | €85,919 | -€74,675 | -46.5% |
| Formation expenses | 20 | €36 | - | -€36 | |
| Fixed assets | 21/28 | €1,016 | €677 | -€339 | -33.3% |
| Tangible fixed assets | 22/27 | €1,016 | €677 | -€339 | -33.3% |
| Furniture and vehicles | 24 | €1,016 | €677 | -€339 | -33.3% |
| Current assets | 29/58 | €159,542 | €85,242 | -€74,300 | -46.6% |
| Amounts receivable after more than one year | 29 | €73,245 | - | -€73,245 | |
| Other amounts receivable | 291 | €73,245 | - | -€73,245 | |
| Amounts receivable within one year | 40/41 | €59,816 | €36,104 | -€23,712 | -39.6% |
| Trade receivables | 40 | €20,000 | €33,040 | +€13,040 | +65.2% |
| Other amounts receivable | 41 | €39,816 | €3,064 | -€36,752 | -92.3% |
| Cash at bank and in hand | 54/58 | €26,482 | €48,650 | +€22,169 | +83.7% |
| Deferred charges and accrued income | 490/1 | - | €488 | +€488 | |
| Total equity and liabilities | 10/49 | €160,594 | €85,919 | -€74,675 | -46.5% |
| Equity | 10/15 | €111,193 | €1,515 | -€109,677 | -98.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,693 | €15 | -€109,677 | -100.0% |
| Amounts payable | 17/49 | €49,401 | €84,404 | +€35,003 | +70.9% |
| Amounts payable within one year | 42/48 | €49,401 | €84,404 | +€35,003 | +70.9% |
| Trade debts | 44 | €14,438 | €3,800 | -€10,637 | -73.7% |
| Suppliers | 440/4 | €14,438 | €3,800 | -€10,637 | -73.7% |
| Taxes, remuneration and social security | 45 | €34,964 | €71,424 | +€36,460 | +104% |
| Taxes | 450/3 | €29,414 | €63,654 | +€34,240 | +116% |
| Remuneration and social security | 454/9 | €5,550 | €7,770 | +€2,220 | +40.0% |
| Other amounts payable | 47/48 | - | €9,180 | +€9,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €339 | +€339 | |
| Other operating charges | 640/8 | €387 | €3,633 | +€3,246 | +838% |
| Gross operating margin | 9900 | €53,647 | €98,597 | +€44,950 | +83.8% |
| Operating profit (loss) | 9901 | €53,260 | €94,626 | +€41,366 | +77.7% |
| Financial income | 75/76B | €3,222 | €6,728 | +€3,506 | +109% |
| Recurring financial income | 75 | €3,222 | €6,728 | +€3,506 | +109% |
| Financial charges | 65/66B | €2,070 | €2,524 | +€454 | +21.9% |
| Recurring financial charges | 65 | €2,070 | €2,524 | +€454 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €54,412 | €98,830 | +€44,418 | +81.6% |
| Income taxes | 67/77 | €13,994 | €27,707 | +€13,714 | +98.0% |
| Profit (loss) for the period | 9904 | €40,418 | €71,123 | +€30,704 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,418 | €71,123 | +€30,704 | +76.0% |
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 28 October 2026 via checked.be.