notaris Nick Celis: 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.
notaris Nick Celis
Largest movements
- Receivables within one year +€227,039
up €227,039 (+222%), from €102,202 to €329,241
of which Other amounts receivable: +€263,339
- Cash -€76,797
down €76,797 (-76.9%), from €99,826 to €23,029
mainly Contributions, distributions and other (-€370,000) and Receivables within one year (-€227,039)
- Financial fixed assets +€73,514
new in 2026: €73,514
- Other debts +€388,867
up €388,867 (+17,596%), from €2,210 to €391,077
- Profit (loss) carried forward -€188,932
down €188,932 (-98.4%), from €192,043 to €3,111
- Tax, wage and social debts +€21,672
up €21,672 (+54.9%), from €39,485 to €61,157
- Gross operating margin +€133,894
up €133,894 (+116%), from €114,938 to €248,832
- Turnover +€84,963
up €84,963 (+35.9%), from €236,674 to €321,637
- Purchases and services -€48,931
down €48,931 (-40.2%), from €121,736 to €72,805
- Taxes +€41,207
up €41,207 (+169%), from €24,334 to €65,541
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,930 | €455,733 | +€221,803 | +94.8% |
| Fixed assets | 21/28 | €31,902 | €103,463 | +€71,561 | +224% |
| Tangible fixed assets | 22/27 | €31,902 | €29,949 | -€1,953 | -6.1% |
| Land and buildings | 22 | €29,394 | €28,764 | -€630 | -2.1% |
| Plant, machinery and equipment | 23 | €1,788 | €786 | -€1,002 | -56.0% |
| Furniture and vehicles | 24 | €720 | €399 | -€321 | -44.6% |
| Financial fixed assets | 28 | - | €73,514 | +€73,514 | |
| Current assets | 29/58 | €202,028 | €352,270 | +€150,242 | +74.4% |
| Amounts receivable within one year | 40/41 | €102,202 | €329,241 | +€227,039 | +222% |
| Trade receivables | 40 | €36,300 | - | -€36,300 | |
| Other amounts receivable | 41 | €65,902 | €329,241 | +€263,339 | +400% |
| Cash at bank and in hand | 54/58 | €99,826 | €23,029 | -€76,797 | -76.9% |
| Total equity and liabilities | 10/49 | €233,930 | €455,733 | +€221,803 | +94.8% |
| Equity | 10/15 | €192,143 | €3,211 | -€188,932 | -98.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,043 | €3,111 | -€188,932 | -98.4% |
| Amounts payable | 17/49 | €41,787 | €452,522 | +€410,735 | +983% |
| Amounts payable within one year | 42/48 | €41,787 | €452,522 | +€410,735 | +983% |
| Trade debts | 44 | €92 | €288 | +€196 | +213% |
| Suppliers | 440/4 | €92 | €288 | +€196 | +213% |
| Taxes, remuneration and social security | 45 | €39,485 | €61,157 | +€21,672 | +54.9% |
| Taxes | 450/3 | €39,485 | €61,157 | +€21,672 | +54.9% |
| Other amounts payable | 47/48 | €2,210 | €391,077 | +€388,867 | +17,596% |
| Turnover | 70 | €236,674 | €321,637 | +€84,963 | +35.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,736 | €72,805 | -€48,931 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,953 | €1,953 | = | 0.0% |
| Other operating charges | 640/8 | €209 | €120 | -€89 | -42.6% |
| Gross operating margin | 9900 | €114,938 | €248,832 | +€133,894 | +116% |
| Operating profit (loss) | 9901 | €112,776 | €246,759 | +€133,983 | +119% |
| Financial charges | 65/66B | €143 | €150 | +€7 | +4.9% |
| Recurring financial charges | 65 | €143 | €150 | +€7 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €112,633 | €246,609 | +€133,976 | +119% |
| Income taxes | 67/77 | €24,334 | €65,541 | +€41,207 | +169% |
| Profit (loss) for the period | 9904 | €88,299 | €181,068 | +€92,769 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €88,299 | €181,068 | +€92,769 | +105% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.