Niels VDB: 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 VDB
Largest movements
- Receivables within one year -€1,238
down €1,238 (-60.1%), from €2,061 to €823
- Cash -€661
down €661 (-29.8%), from €2,218 to €1,556
mainly Net result for the year (-€2,247) and Other debts (-€195)
- Tangible fixed assets -€233
down €233 (-35.3%), from €661 to €427
- Profit (loss) carried forward -€2,247
down €2,247, from €1,380 to -€867
- Trade debts +€431
up €431 (+16.5%), from €2,618 to €3,050
- Other debts -€195
down €195 (-21.1%), from €927 to €731
- Tax, wage and social debts -€115
no longer reported in 2025 (was €115)
- Gross operating margin -€2,115
down €2,115, from €536 to -€1,579
- Depreciation -€293
down €293 (-55.6%), from €526 to €233
- Taxes -€114
down €114 (-96.7%), from €118 to €4
- Other operating charges -€112
down €112 (-22.4%), from €499 to €387
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 | €5,291 | €3,165 | -€2,126 | -40.2% |
| Fixed assets | 21/28 | €819 | €585 | -€233 | -28.5% |
| Tangible fixed assets | 22/27 | €661 | €427 | -€233 | -35.3% |
| Furniture and vehicles | 24 | €661 | €427 | -€233 | -35.3% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €4,472 | €2,579 | -€1,893 | -42.3% |
| Amounts receivable within one year | 40/41 | €2,061 | €823 | -€1,238 | -60.1% |
| Trade receivables | 40 | €2,061 | €823 | -€1,238 | -60.1% |
| Cash at bank and in hand | 54/58 | €2,218 | €1,556 | -€661 | -29.8% |
| Deferred charges and accrued income | 490/1 | €194 | €200 | +€6 | +3.2% |
| Total equity and liabilities | 10/49 | €5,291 | €3,165 | -€2,126 | -40.2% |
| Equity | 10/15 | €1,630 | -€617 | -€2,247 | |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,380 | -€867 | -€2,247 | |
| Amounts payable | 17/49 | €3,660 | €3,781 | +€121 | +3.3% |
| Amounts payable within one year | 42/48 | €3,660 | €3,781 | +€121 | +3.3% |
| Trade debts | 44 | €2,618 | €3,050 | +€431 | +16.5% |
| Suppliers | 440/4 | €2,618 | €3,050 | +€431 | +16.5% |
| Taxes, remuneration and social security | 45 | €115 | - | -€115 | |
| Taxes | 450/3 | €115 | - | -€115 | |
| Other amounts payable | 47/48 | €927 | €731 | -€195 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526 | €233 | -€293 | -55.6% |
| Other operating charges | 640/8 | €499 | €387 | -€112 | -22.4% |
| Gross operating margin | 9900 | €536 | -€1,579 | -€2,115 | |
| Operating profit (loss) | 9901 | -€490 | -€2,200 | -€1,710 | -349% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€529 | -€2,243 | -€1,714 | -324% |
| Income taxes | 67/77 | €118 | €4 | -€114 | -96.7% |
| Profit (loss) for the period | 9904 | -€647 | -€2,247 | -€1,600 | -247% |
| Profit (loss) for the period to be appropriated | 9905 | -€647 | -€2,247 | -€1,600 | -247% |
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 26 October 2026 via checked.be.