NICOLAS STEVENS: 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 STEVENS
Largest movements
- Receivables within one year +€52,998
up €52,998 (+70.9%), from €74,783 to €127,781
of which Other amounts receivable: +€51,534
- Cash +€4,219
up €4,219 (+18.3%), from €23,000 to €27,219
mainly Net result for the year (+€48,232) and Tax, wage and social debts (+€12,534)
- Deferred charges and accrued income -€1,967
down €1,967 (-33.3%), from €5,902 to €3,934
- Reserves +€33,922
up €33,922 (+45.6%), from €74,340 to €108,262
- Profit (loss) carried forward +€14,310
up €14,310, from -€14,310 to €0
- Tax, wage and social debts +€12,534
up €12,534 (+46.7%), from €26,859 to €39,393
- Accrued charges and deferred income -€2,821
down €2,821 (-100.0%), from €2,821 to €0
- Gross operating margin +€63,662
up €63,662 (+297.2%), from €21,424 to €85,085
- Taxes +€24,577
up €24,577 (+420.8%), from €5,841 to €30,418
- Other operating charges -€16,389
down €16,389 (-90.9%), from €18,028 to €1,639
- Financial charges -€5,164
down €5,164 (-42.6%), from €12,119 to €6,955
- Financial income +€1,215
up €1,215 (+70.5%), from €1,722 to €2,937
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,893 | €167,209 | +€57,316 | +52.2% |
| Fixed assets | 21/28 | €2,226 | €2,755 | +€529 | +23.8% |
| Tangible fixed assets | 22/27 | €2,226 | €2,755 | +€529 | +23.8% |
| Plant, machinery and equipment | 23 | €0 | €1,271 | +€1,271 | |
| Furniture and vehicles | 24 | €2,226 | €1,484 | -€742 | -33.3% |
| Current assets | 29/58 | €107,667 | €164,454 | +€56,787 | +52.7% |
| Stocks and contracts in progress | 3 | €3,983 | €5,520 | +€1,537 | +38.6% |
| Stocks | 30/36 | €3,983 | €5,520 | +€1,537 | +38.6% |
| Amounts receivable within one year | 40/41 | €74,783 | €127,781 | +€52,998 | +70.9% |
| Trade receivables | 40 | €2,929 | €4,393 | +€1,464 | +50.0% |
| Other amounts receivable | 41 | €71,854 | €123,388 | +€51,534 | +71.7% |
| Cash at bank and in hand | 54/58 | €23,000 | €27,219 | +€4,219 | +18.3% |
| Deferred charges and accrued income | 490/1 | €5,902 | €3,934 | -€1,967 | -33.3% |
| Total equity and liabilities | 10/49 | €109,893 | €167,209 | +€57,316 | +52.2% |
| Equity | 10/15 | €78,631 | €126,862 | +€48,232 | +61.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,340 | €108,262 | +€33,922 | +45.6% |
| Distributable reserves | 133 | €74,340 | €108,262 | +€33,922 | +45.6% |
| Profit (loss) carried forward | 14 | -€14,310 | €0 | +€14,310 | |
| Amounts payable | 17/49 | €31,262 | €40,347 | +€9,084 | +29.1% |
| Amounts payable within one year | 42/48 | €28,442 | €40,347 | +€11,905 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,583 | €954 | -€629 | -39.7% |
| Suppliers | 440/4 | €1,583 | €954 | -€629 | -39.7% |
| Taxes, remuneration and social security | 45 | €26,859 | €39,393 | +€12,534 | +46.7% |
| Taxes | 450/3 | €26,859 | €39,393 | +€12,534 | +46.7% |
| Accrued charges and deferred income | 492/3 | €2,821 | €0 | -€2,821 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,469 | €779 | -€689 | -46.9% |
| Other operating charges | 640/8 | €18,028 | €1,639 | -€16,389 | -90.9% |
| Gross operating margin | 9900 | €21,424 | €85,085 | +€63,662 | +297.2% |
| Operating profit (loss) | 9901 | €1,927 | €82,667 | +€80,740 | +4189.0% |
| Financial income | 75/76B | €1,722 | €2,937 | +€1,215 | +70.5% |
| Recurring financial income | 75 | €1,722 | €2,937 | +€1,215 | +70.5% |
| Financial charges | 65/66B | €12,119 | €6,955 | -€5,164 | -42.6% |
| Recurring financial charges | 65 | €12,119 | €6,955 | -€5,164 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,469 | €78,649 | +€87,118 | |
| Income taxes | 67/77 | €5,841 | €30,418 | +€24,577 | +420.8% |
| Profit (loss) for the period | 9904 | -€14,310 | €48,232 | +€62,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,310 | €48,232 | +€62,541 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.