NIEL DEJONGHE: 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.
NIEL DEJONGHE
Largest movements
- Cash +€45,070
up €45,070 (+51.1%), from €88,275 to €133,345
mainly Net result for the year (+€62,514) and Depreciation (+€1,479)
- Receivables within one year +€17,914
up €17,914 (+162%), from €11,072 to €28,986
- Tangible fixed assets +€2,091
up €2,091 (+74.4%), from €2,809 to €4,900
of which Furniture and vehicles: +€2,214
- Reserves +€62,500
up €62,500 (+96.6%), from €64,700 to €127,200
- Gross operating margin -€1,749
down €1,749 (-2.1%), from €81,585 to €79,836
- Depreciation +€976
up €976 (+194%), from €502 to €1,479
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 | €102,156 | €167,231 | +€65,075 | +63.7% |
| Fixed assets | 21/28 | €2,809 | €4,900 | +€2,091 | +74.4% |
| Tangible fixed assets | 22/27 | €2,809 | €4,900 | +€2,091 | +74.4% |
| Plant, machinery and equipment | 23 | €1,091 | €968 | -€123 | -11.3% |
| Furniture and vehicles | 24 | €1,718 | €3,932 | +€2,214 | +129% |
| Current assets | 29/58 | €99,347 | €162,331 | +€62,984 | +63.4% |
| Amounts receivable within one year | 40/41 | €11,072 | €28,986 | +€17,914 | +162% |
| Trade receivables | 40 | €11,072 | €28,986 | +€17,914 | +162% |
| Cash at bank and in hand | 54/58 | €88,275 | €133,345 | +€45,070 | +51.1% |
| Total equity and liabilities | 10/49 | €102,156 | €167,231 | +€65,075 | +63.7% |
| Equity | 10/15 | €69,728 | €132,242 | +€62,514 | +89.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,700 | €127,200 | +€62,500 | +96.6% |
| Distributable reserves | 133 | €64,700 | €127,200 | +€62,500 | +96.6% |
| Profit (loss) carried forward | 14 | €28 | €42 | +€14 | +51.0% |
| Amounts payable | 17/49 | €32,429 | €34,989 | +€2,561 | +7.9% |
| Amounts payable within one year | 42/48 | €32,319 | €34,989 | +€2,670 | +8.3% |
| Trade debts | 44 | €38 | €381 | +€343 | +899% |
| Suppliers | 440/4 | €38 | €381 | +€343 | +899% |
| Taxes, remuneration and social security | 45 | €23,802 | €25,126 | +€1,324 | +5.6% |
| Taxes | 450/3 | €23,802 | €25,126 | +€1,324 | +5.6% |
| Other amounts payable | 47/48 | €8,479 | €9,482 | +€1,003 | +11.8% |
| Accrued charges and deferred income | 492/3 | €109 | €0 | -€109 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €1,479 | +€976 | +194% |
| Gross operating margin | 9900 | €81,585 | €79,836 | -€1,749 | -2.1% |
| Operating profit (loss) | 9901 | €81,083 | €78,357 | -€2,726 | -3.4% |
| Financial charges | 65/66B | €31 | €125 | +€93 | +300% |
| Recurring financial charges | 65 | €31 | €125 | +€93 | +300% |
| Profit (loss) for the period before taxes | 9903 | €81,052 | €78,232 | -€2,819 | -3.5% |
| Income taxes | 67/77 | €16,324 | €15,718 | -€606 | -3.7% |
| Profit (loss) for the period | 9904 | €64,728 | €62,514 | -€2,214 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,728 | €62,514 | -€2,214 | -3.4% |
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 18 October 2026 via checked.be.