Nicolas Moës: 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 Moës
Largest movements
- Receivables within one year -€15,785
down €15,785 (-95.4%), from €16,548 to €763
- Cash -€986
down €986 (-6.6%), from €14,907 to €13,921
mainly Net result for the year (-€9,392) and Other debts (-€6,459)
- Tangible fixed assets -€594
down €594 (-100%), from €594 to €0
- Profit (loss) carried forward -€9,392
down €9,392 (-880%), from -€1,068 to -€10,460
- Other debts -€6,459
no longer reported in 2025 (was €6,459)
- Tax, wage and social debts -€1,607
down €1,607 (-71.6%), from €2,245 to €637
- Gross operating margin -€8,604
down €8,604 (-8,011%), from -€107 to -€8,712
- Depreciation -€291
down €291 (-32.9%), from €885 to €594
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 | €32,082 | €14,684 | -€17,398 | -54.2% |
| Fixed assets | 21/28 | €594 | €0 | -€594 | -100% |
| Tangible fixed assets | 22/27 | €594 | €0 | -€594 | -100% |
| Furniture and vehicles | 24 | €594 | €0 | -€594 | -100% |
| Current assets | 29/58 | €31,488 | €14,684 | -€16,804 | -53.4% |
| Amounts receivable within one year | 40/41 | €16,548 | €763 | -€15,785 | -95.4% |
| Other amounts receivable | 41 | €16,548 | €763 | -€15,785 | -95.4% |
| Cash at bank and in hand | 54/58 | €14,907 | €13,921 | -€986 | -6.6% |
| Deferred charges and accrued income | 490/1 | €32 | - | -€32 | |
| Total equity and liabilities | 10/49 | €32,082 | €14,684 | -€17,398 | -54.2% |
| Equity | 10/15 | €23,378 | €13,986 | -€9,392 | -40.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €22,446 | €22,446 | = | 0.0% |
| Distributable reserves | 133 | €22,446 | €22,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,068 | -€10,460 | -€9,392 | -880% |
| Amounts payable | 17/49 | €8,704 | €698 | -€8,006 | -92.0% |
| Amounts payable within one year | 42/48 | €8,704 | €698 | -€8,006 | -92.0% |
| Trade debts | 44 | - | €61 | +€61 | |
| Suppliers | 440/4 | - | €61 | +€61 | |
| Taxes, remuneration and social security | 45 | €2,245 | €637 | -€1,607 | -71.6% |
| Taxes | 450/3 | €2,245 | €637 | -€1,607 | -71.6% |
| Other amounts payable | 47/48 | €6,459 | - | -€6,459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €885 | €594 | -€291 | -32.9% |
| Gross operating margin | 9900 | -€107 | -€8,712 | -€8,604 | -8,011% |
| Operating profit (loss) | 9901 | -€993 | -€9,306 | -€8,313 | -837% |
| Financial charges | 65/66B | €75 | €86 | +€11 | +14.7% |
| Recurring financial charges | 65 | €75 | €86 | +€11 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,068 | -€9,392 | -€8,324 | -780% |
| Profit (loss) for the period | 9904 | -€1,068 | -€9,392 | -€8,324 | -780% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,068 | -€9,392 | -€8,324 | -780% |
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 31 October 2026 via checked.be.