NIGHTINGALE: what changed
Two fiscal 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.
NIGHTINGALE
Largest movements
- Receivables within one year -€52,556
down €52,556 (-92.7%), from €56,704 to €4,149
of which Trade receivables: -€36,078
- Tangible fixed assets -€46,935
down €46,935 (-100.0%), from €46,935 to €0
of which Other tangible fixed assets: -€42,264
- Deferred charges and accrued income -€9,667
down €9,667 (-95.9%), from €10,083 to €416
- Cash +€7,136
up €7,136, from €0 to €7,136
mainly Current portion of long-term debt (+€58,714) and Receivables within one year (+€52,556)
- Trade debts -€61,842
down €61,842 (-98.6%), from €62,726 to €884
- Current portion of long-term debt +€58,714
up €58,714 (+106.8%), from €55,000 to €113,714
- Profit (loss) carried forward -€55,212
down €55,212 (-50.7%), from -€108,827 to -€164,039
- Other debts -€25,893
down €25,893 (-100.0%), from €25,893 to €0
- Short-term financial debts -€14,346
down €14,346 (-100.0%), from €14,346 to €0
- Gross operating margin -€107,576
down €107,576 (-88.6%), from €121,402 to €13,827
- Staff costs -€94,992
down €94,992, from €94,608 to -€384
- Depreciation -€9,237
down €9,237 (-100.0%), from €9,237 to €0
- Other operating charges +€7,896
up €7,896 (+202.7%), from €3,895 to €11,791
- Write-downs +€1,774
up €1,774 (+22.3%), from €7,946 to €9,720
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.
Cash bridge derived
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 | €113,723 | €11,701 | -€102,022 | -89.7% |
| Fixed assets | 21/28 | €46,935 | €0 | -€46,935 | -100.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €46,935 | €0 | -€46,935 | -100.0% |
| Furniture and vehicles | 24 | €4,672 | €0 | -€4,672 | -100.0% |
| Other tangible fixed assets | 26 | €42,264 | €0 | -€42,264 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €66,787 | €11,701 | -€55,086 | -82.5% |
| Amounts receivable within one year | 40/41 | €56,704 | €4,149 | -€52,556 | -92.7% |
| Trade receivables | 40 | €36,078 | €0 | -€36,078 | -100.0% |
| Other amounts receivable | 41 | €20,627 | €4,149 | -€16,478 | -79.9% |
| Cash at bank and in hand | 54/58 | €0 | €7,136 | +€7,136 | |
| Deferred charges and accrued income | 490/1 | €10,083 | €416 | -€9,667 | -95.9% |
| Total equity and liabilities | 10/49 | €113,723 | €11,701 | -€102,022 | -89.7% |
| Equity | 10/15 | -€55,770 | -€110,982 | -€55,212 | -99.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €33,056 | €33,056 | = | 0.0% |
| Distributable reserves | 133 | €33,056 | €33,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,827 | -€164,039 | -€55,212 | -50.7% |
| Amounts payable | 17/49 | €169,493 | €122,683 | -€46,809 | -27.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €164,857 | €122,683 | -€42,173 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €55,000 | €113,714 | +€58,714 | +106.8% |
| Financial debts | 43 | €14,346 | €0 | -€14,346 | -100.0% |
| Credit institutions | 430/8 | €14,346 | €0 | -€14,346 | -100.0% |
| Trade debts | 44 | €62,726 | €884 | -€61,842 | -98.6% |
| Suppliers | 440/4 | €62,726 | €884 | -€61,842 | -98.6% |
| Advances received on contracts in progress | 46 | - | €571 | +€571 | |
| Taxes, remuneration and social security | 45 | €6,892 | €7,515 | +€624 | +9.0% |
| Taxes | 450/3 | - | €7,515 | +€7,515 | |
| Remuneration and social security | 454/9 | €6,892 | €0 | -€6,892 | -100.0% |
| Other amounts payable | 47/48 | €25,893 | €0 | -€25,893 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,636 | €0 | -€4,636 | -100.0% |
| Non-recurring operating income | 76A | €137,678 | €25,893 | -€111,785 | -81.2% |
| Remuneration, social security and pensions | 62 | €94,608 | -€384 | -€94,992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,237 | €0 | -€9,237 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,946 | €9,720 | +€1,774 | +22.3% |
| Other operating charges | 640/8 | €3,895 | €11,791 | +€7,896 | +202.7% |
| Non-recurring operating charges | 66A | €0 | €46,935 | +€46,935 | |
| Gross operating margin | 9900 | €121,402 | €13,827 | -€107,576 | -88.6% |
| Operating profit (loss) | 9901 | €5,717 | -€54,235 | -€59,953 | |
| Financial income | 75/76B | €324 | €309 | -€15 | -4.7% |
| Recurring financial income | 75 | €324 | €309 | -€15 | -4.7% |
| Financial charges | 65/66B | €1,504 | €1,285 | -€218 | -14.5% |
| Recurring financial charges | 65 | €1,504 | €1,285 | -€218 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €4,537 | -€55,212 | -€59,750 | |
| Profit (loss) for the period | 9904 | €4,537 | -€55,212 | -€59,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,537 | -€55,212 | -€59,750 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.