Niels Boone: 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.
Niels Boone
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€35,476
down €35,476 (-16.9%), from €209,677 to €174,201
mainly Current investments (-€100,000) and Receivables within one year (-€16,286)
- Receivables within one year +€16,286
up €16,286 (+61.6%), from €26,435 to €42,720
of which Other amounts receivable: +€11,258
- Reserves +€79,000
up €79,000 (+41.6%), from €189,996 to €268,996
- Gross operating margin +€6,170
up €6,170 (+6.6%), from €93,926 to €100,096
- Financial income +€1,492
up €1,492 (+2,488%), from €60 to €1,552
- Taxes +€1,474
up €1,474 (+7.8%), from €19,004 to €20,478
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 | €239,087 | €320,032 | +€80,945 | +33.9% |
| Fixed assets | 21/28 | €2,975 | €3,110 | +€135 | +4.5% |
| Tangible fixed assets | 22/27 | €2,975 | €3,110 | +€135 | +4.5% |
| Furniture and vehicles | 24 | €2,975 | €3,110 | +€135 | +4.5% |
| Current assets | 29/58 | €236,112 | €316,922 | +€80,810 | +34.2% |
| Amounts receivable within one year | 40/41 | €26,435 | €42,720 | +€16,286 | +61.6% |
| Trade receivables | 40 | €17,691 | €22,719 | +€5,028 | +28.4% |
| Other amounts receivable | 41 | €8,744 | €20,002 | +€11,258 | +129% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €209,677 | €174,201 | -€35,476 | -16.9% |
| Total equity and liabilities | 10/49 | €239,087 | €320,032 | +€80,945 | +33.9% |
| Equity | 10/15 | €204,996 | €283,996 | +€79,000 | +38.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €189,996 | €268,996 | +€79,000 | +41.6% |
| Distributable reserves | 133 | €189,996 | €268,996 | +€79,000 | +41.6% |
| Amounts payable | 17/49 | €34,091 | €36,036 | +€1,945 | +5.7% |
| Amounts payable within one year | 42/48 | €34,091 | €36,036 | +€1,945 | +5.7% |
| Trade debts | 44 | €1,079 | €487 | -€591 | -54.8% |
| Suppliers | 440/4 | €1,079 | €487 | -€591 | -54.8% |
| Taxes, remuneration and social security | 45 | €33,012 | €33,055 | +€43 | +0.1% |
| Taxes | 450/3 | €30,662 | €30,705 | +€43 | +0.1% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | - | €2,493 | +€2,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,336 | €1,517 | +€181 | +13.6% |
| Other operating charges | 640/8 | €132 | €530 | +€398 | +302% |
| Gross operating margin | 9900 | €93,926 | €100,096 | +€6,170 | +6.6% |
| Operating profit (loss) | 9901 | €92,459 | €98,050 | +€5,591 | +6.0% |
| Financial income | 75/76B | €60 | €1,552 | +€1,492 | +2,488% |
| Recurring financial income | 75 | €60 | €1,552 | +€1,492 | +2,488% |
| Financial charges | 65/66B | €309 | €123 | -€186 | -60.1% |
| Recurring financial charges | 65 | €309 | €123 | -€186 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €92,210 | €99,478 | +€7,268 | +7.9% |
| Income taxes | 67/77 | €19,004 | €20,478 | +€1,474 | +7.8% |
| Profit (loss) for the period | 9904 | €73,206 | €79,000 | +€5,794 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,206 | €79,000 | +€5,794 | +7.9% |
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 30 October 2026 via checked.be.