NIELS LAMMENS: 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 LAMMENS
Largest movements
- Tangible fixed assets +€12,419
up €12,419 (+419%), from €2,961 to €15,380
- Cash -€7,131
down €7,131 (-77.5%), from €9,198 to €2,067
mainly Net result for the year (-€37,815) and Investment in fixed assets (net) (-€13,900)
- Receivables within one year +€6,446
up €6,446 (+143%), from €4,520 to €10,966
of which Trade receivables: +€5,360
- Deferred charges and accrued income -€2,332
down €2,332 (-33.7%), from €6,921 to €4,590
- Profit (loss) carried forward -€37,815
new in 2025: -€37,815
- Tax, wage and social debts +€16,616
up €16,616 (+784%), from €2,120 to €18,736
of which Remuneration and social security: +€12,565
- Trade debts +€11,100
up €11,100 (+574%), from €1,934 to €13,034
- Debts after one year +€9,775
new in 2025: €9,775
- Other debts +€7,156
up €7,156 (+1,145%), from €625 to €7,781
- Gross operating margin -€27,288
down €27,288, from €5,635 to -€21,653
- Staff costs +€12,720
new in 2025: €12,720
- Taxes -€2,079
down €2,079 (-94.0%), from €2,211 to €132
- Depreciation +€279
up €279 (+23.2%), from €1,202 to €1,482
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 | €23,600 | €33,002 | +€9,402 | +39.8% |
| Fixed assets | 21/28 | €2,961 | €15,380 | +€12,419 | +419% |
| Tangible fixed assets | 22/27 | €2,961 | €15,380 | +€12,419 | +419% |
| Plant, machinery and equipment | 23 | €2,961 | €15,380 | +€12,419 | +419% |
| Current assets | 29/58 | €20,639 | €17,622 | -€3,017 | -14.6% |
| Amounts receivable within one year | 40/41 | €4,520 | €10,966 | +€6,446 | +143% |
| Trade receivables | 40 | €2,171 | €7,531 | +€5,360 | +247% |
| Other amounts receivable | 41 | €2,349 | €3,435 | +€1,086 | +46.2% |
| Cash at bank and in hand | 54/58 | €9,198 | €2,067 | -€7,131 | -77.5% |
| Deferred charges and accrued income | 490/1 | €6,921 | €4,590 | -€2,332 | -33.7% |
| Total equity and liabilities | 10/49 | €23,600 | €33,002 | +€9,402 | +39.8% |
| Equity | 10/15 | €18,922 | -€18,893 | -€37,815 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,922 | €13,922 | = | 0.0% |
| Distributable reserves | 133 | €13,922 | €13,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€37,815 | -€37,815 | |
| Amounts payable | 17/49 | €4,678 | €51,895 | +€47,217 | +1,009% |
| Amounts payable after more than one year | 17 | - | €9,775 | +€9,775 | |
| Financial debts | 170/4 | - | €9,775 | +€9,775 | |
| Amounts payable within one year | 42/48 | €4,678 | €42,120 | +€37,442 | +800% |
| Current portion of amounts payable after more than one year | 42 | - | €2,225 | +€2,225 | |
| Trade debts | 44 | €1,934 | €13,034 | +€11,100 | +574% |
| Suppliers | 440/4 | €1,934 | €13,034 | +€11,100 | +574% |
| Advances received on contracts in progress | 46 | - | €345 | +€345 | |
| Taxes, remuneration and social security | 45 | €2,120 | €18,736 | +€16,616 | +784% |
| Taxes | 450/3 | €2,120 | €6,170 | +€4,051 | +191% |
| Remuneration and social security | 454/9 | - | €12,565 | +€12,565 | |
| Other amounts payable | 47/48 | €625 | €7,781 | +€7,156 | +1,145% |
| Remuneration, social security and pensions | 62 | - | €12,720 | +€12,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,202 | €1,482 | +€279 | +23.2% |
| Other operating charges | 640/8 | €549 | €644 | +€94 | +17.2% |
| Gross operating margin | 9900 | €5,635 | -€21,653 | -€27,288 | |
| Operating profit (loss) | 9901 | €3,883 | -€36,499 | -€40,382 | |
| Financial income | 75/76B | €0 | €135 | +€135 | +31,360% |
| Recurring financial income | 75 | €0 | €135 | +€135 | +31,360% |
| Financial charges | 65/66B | €1,375 | €1,320 | -€55 | -4.0% |
| Recurring financial charges | 65 | €1,375 | €1,320 | -€55 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €2,509 | -€37,683 | -€40,192 | |
| Income taxes | 67/77 | €2,211 | €132 | -€2,079 | -94.0% |
| Profit (loss) for the period | 9904 | €298 | -€37,815 | -€38,113 | |
| Profit (loss) for the period to be appropriated | 9905 | €298 | -€37,815 | -€38,113 |
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 26 October 2026 via checked.be.