Nils Vanneste: 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.
Nils Vanneste
Largest movements
- Cash +€59,715
up €59,715 (+315.7%), from €18,918 to €78,633
mainly Net result for the year (+€41,177) and Depreciation (+€9,007)
- Tangible fixed assets -€9,007
down €9,007 (-21.0%), from €42,934 to €33,926
- Receivables within one year -€7,752
no longer reported in 2025 (was €7,752)
- Reserves +€41,177
new in 2025: €41,177
- Debts after one year -€9,781
down €9,781 (-34.1%), from €28,651 to €18,869
- Other debts +€8,680
new in 2025: €8,680
- Tax, wage and social debts +€6,812
up €6,812 (+223.1%), from €3,054 to €9,865
- Accrued charges and deferred income -€3,436
no longer reported in 2025 (was €3,436)
- Gross operating margin +€65,419
up €65,419 (+376.2%), from €17,391 to €82,810
- Other operating charges +€24,102
up €24,102 (+13694.3%), from €176 to €24,278
- Taxes +€7,207
new in 2025: €7,207
- Depreciation +€6,904
up €6,904 (+328.2%), from €2,104 to €9,007
- Financial charges +€952
up €952 (+275.3%), from €346 to €1,297
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 | €69,603 | €112,559 | +€42,956 | +61.7% |
| Fixed assets | 21/28 | €42,934 | €33,926 | -€9,007 | -21.0% |
| Tangible fixed assets | 22/27 | €42,934 | €33,926 | -€9,007 | -21.0% |
| Furniture and vehicles | 24 | €42,934 | €33,926 | -€9,007 | -21.0% |
| Current assets | 29/58 | €26,670 | €78,633 | +€51,963 | +194.8% |
| Amounts receivable within one year | 40/41 | €7,752 | - | -€7,752 | |
| Other amounts receivable | 41 | €7,752 | - | -€7,752 | |
| Cash at bank and in hand | 54/58 | €18,918 | €78,633 | +€59,715 | +315.7% |
| Total equity and liabilities | 10/49 | €69,603 | €112,559 | +€42,956 | +61.7% |
| Equity | 10/15 | €24,772 | €65,117 | +€40,344 | +162.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Reserves | 13 | - | €41,177 | +€41,177 | |
| Distributable reserves | 133 | - | €41,177 | +€41,177 | |
| Profit (loss) carried forward | 14 | €14,772 | €13,939 | -€833 | -5.6% |
| Amounts payable | 17/49 | €44,831 | €47,442 | +€2,611 | +5.8% |
| Amounts payable after more than one year | 17 | €28,651 | €18,869 | -€9,781 | -34.1% |
| Financial debts | 170/4 | €28,651 | €18,869 | -€9,781 | -34.1% |
| Amounts payable within one year | 42/48 | €12,744 | €28,573 | +€15,829 | +124.2% |
| Current portion of amounts payable after more than one year | 42 | €9,437 | €9,781 | +€344 | +3.6% |
| Trade debts | 44 | €254 | €246 | -€8 | -3.1% |
| Suppliers | 440/4 | €254 | €246 | -€8 | -3.1% |
| Taxes, remuneration and social security | 45 | €3,054 | €9,865 | +€6,812 | +223.1% |
| Taxes | 450/3 | €3,054 | €9,865 | +€6,812 | +223.1% |
| Other amounts payable | 47/48 | - | €8,680 | +€8,680 | |
| Accrued charges and deferred income | 492/3 | €3,436 | - | -€3,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,104 | €9,007 | +€6,904 | +328.2% |
| Other operating charges | 640/8 | €176 | €24,278 | +€24,102 | +13694.3% |
| Gross operating margin | 9900 | €17,391 | €82,810 | +€65,419 | +376.2% |
| Operating profit (loss) | 9901 | €15,112 | €49,525 | +€34,413 | +227.7% |
| Financial income | 75/76B | €6 | €157 | +€151 | +2335.2% |
| Recurring financial income | 75 | €6 | €157 | +€151 | +2335.2% |
| Financial charges | 65/66B | €346 | €1,297 | +€952 | +275.3% |
| Recurring financial charges | 65 | €346 | €1,297 | +€952 | +275.3% |
| Profit (loss) for the period before taxes | 9903 | €14,772 | €48,385 | +€33,612 | +227.5% |
| Income taxes | 67/77 | - | €7,207 | +€7,207 | |
| Profit (loss) for the period | 9904 | €14,772 | €41,177 | +€26,405 | +178.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,772 | €41,177 | +€26,405 | +178.7% |
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 10 October 2026 via checked.be.