NICOLAS STOUFFS: 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 STOUFFS
Largest movements
- Receivables within one year +€51,392
up €51,392 (+34.8%), from €147,569 to €198,961
of which Other amounts receivable: +€40,569
- Cash -€4,171
down €4,171 (-55.6%), from €7,498 to €3,328
mainly Receivables within one year (-€51,392) and Contributions, distributions and other (-€31,446)
- Deferred charges and accrued income +€3,096
up €3,096 (+118%), from €2,625 to €5,722
- Advances received +€37,150
new in 2025: €37,150
- Profit (loss) carried forward +€15,011
up €15,011 (+14.9%), from €100,819 to €115,830
- Trade debts -€4,772
down €4,772 (-15.9%), from €29,998 to €25,227
- Tax, wage and social debts +€2,464
up €2,464 (+10.0%), from €24,623 to €27,086
- Write-downs +€10,000
new in 2025: €10,000
- Gross operating margin +€5,656
up €5,656 (+9.7%), from €58,410 to €64,065
- Financial income +€3,105
up €3,105 (+118%), from €2,626 to €5,731
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 | €158,440 | €208,293 | +€49,853 | +31.5% |
| Fixed assets | 21/28 | €747 | €282 | -€465 | -62.2% |
| Tangible fixed assets | 22/27 | €747 | €282 | -€465 | -62.2% |
| Furniture and vehicles | 24 | €747 | €282 | -€465 | -62.2% |
| Current assets | 29/58 | €157,693 | €208,010 | +€50,318 | +31.9% |
| Amounts receivable within one year | 40/41 | €147,569 | €198,961 | +€51,392 | +34.8% |
| Trade receivables | 40 | €64,478 | €75,301 | +€10,823 | +16.8% |
| Other amounts receivable | 41 | €83,091 | €123,660 | +€40,569 | +48.8% |
| Cash at bank and in hand | 54/58 | €7,498 | €3,328 | -€4,171 | -55.6% |
| Deferred charges and accrued income | 490/1 | €2,625 | €5,722 | +€3,096 | +118% |
| Total equity and liabilities | 10/49 | €158,440 | €208,293 | +€49,853 | +31.5% |
| Equity | 10/15 | €103,819 | €118,830 | +€15,011 | +14.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,819 | €115,830 | +€15,011 | +14.9% |
| Amounts payable | 17/49 | €54,621 | €89,463 | +€34,842 | +63.8% |
| Amounts payable within one year | 42/48 | €54,621 | €89,463 | +€34,842 | +63.8% |
| Trade debts | 44 | €29,998 | €25,227 | -€4,772 | -15.9% |
| Suppliers | 440/4 | €29,998 | €25,227 | -€4,772 | -15.9% |
| Advances received on contracts in progress | 46 | - | €37,150 | +€37,150 | |
| Taxes, remuneration and social security | 45 | €24,623 | €27,086 | +€2,464 | +10.0% |
| Taxes | 450/3 | €24,623 | €27,086 | +€2,464 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €465 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Non-recurring operating charges | 66A | - | €316 | +€316 | |
| Gross operating margin | 9900 | €58,410 | €64,065 | +€5,656 | +9.7% |
| Operating profit (loss) | 9901 | €57,945 | €53,284 | -€4,660 | -8.0% |
| Financial income | 75/76B | €2,626 | €5,731 | +€3,105 | +118% |
| Recurring financial income | 75 | €2,626 | €5,731 | +€3,105 | +118% |
| Financial charges | 65/66B | €322 | €301 | -€22 | -6.8% |
| Recurring financial charges | 65 | €322 | €301 | -€22 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €60,248 | €58,714 | -€1,534 | -2.5% |
| Income taxes | 67/77 | €12,716 | €12,258 | -€459 | -3.6% |
| Profit (loss) for the period | 9904 | €47,531 | €46,457 | -€1,075 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,531 | €46,457 | -€1,075 | -2.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.