Nouvel Héritage: 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.
Nouvel Héritage
Largest movements
- Stocks and contracts -€44,000
down €44,000 (-58.3%), from €75,439 to €31,439
- Tangible fixed assets -€6,611
down €6,611 (-23.4%), from €28,233 to €21,622
- Receivables within one year +€4,738
up €4,738 (+64.8%), from €7,307 to €12,045
of which Trade receivables: +€5,858
- Other debts -€49,531
down €49,531 (-82.4%), from €60,130 to €10,599
- Profit (loss) carried forward +€7,847
up €7,847 (+24.0%), from €32,728 to €40,575
- Current portion of long-term debt -€3,704
no longer reported in 2025 (was €3,704)
- Turnover -€135,905
no longer reported in 2025 (was €135,905)
- Purchases and services -€128,666
no longer reported in 2025 (was €128,666)
- Depreciation +€1,788
up €1,788 (+37.1%), from €4,823 to €6,611
- Gross operating margin +€1,399
up €1,399 (+19.3%), from €7,239 to €8,638
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €114,268 | €68,847 | -€45,422 | -39.8% |
| Fixed assets | 21/28 | €30,025 | €23,413 | -€6,611 | -22.0% |
| Tangible fixed assets | 22/27 | €28,233 | €21,622 | -€6,611 | -23.4% |
| Furniture and vehicles | 24 | €28,233 | €21,622 | -€6,611 | -23.4% |
| Financial fixed assets | 28 | €1,791 | €1,791 | = | 0.0% |
| Current assets | 29/58 | €84,244 | €45,433 | -€38,810 | -46.1% |
| Stocks and contracts in progress | 3 | €75,439 | €31,439 | -€44,000 | -58.3% |
| Stocks | 30/36 | €75,439 | €31,439 | -€44,000 | -58.3% |
| Amounts receivable within one year | 40/41 | €7,307 | €12,045 | +€4,738 | +64.8% |
| Trade receivables | 40 | - | €5,858 | +€5,858 | |
| Other amounts receivable | 41 | €7,307 | €6,188 | -€1,120 | -15.3% |
| Cash at bank and in hand | 54/58 | €1,497 | €1,949 | +€451 | +30.1% |
| Total equity and liabilities | 10/49 | €114,268 | €68,847 | -€45,422 | -39.8% |
| Equity | 10/15 | €50,401 | €58,247 | +€7,847 | +15.6% |
| Contributions | 10/11 | €6,818 | €6,818 | = | 0.0% |
| Reserves | 13 | €10,855 | €10,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,855 | €10,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,855 | €9,000 | -€1,855 | -17.1% |
| Other | 1319 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | €32,728 | €40,575 | +€7,847 | +24.0% |
| Amounts payable | 17/49 | €63,868 | €10,599 | -€53,268 | -83.4% |
| Amounts payable within one year | 42/48 | €63,868 | €10,599 | -€53,268 | -83.4% |
| Current portion of amounts payable after more than one year | 42 | €3,704 | - | -€3,704 | |
| Trade debts | 44 | €34 | - | -€34 | |
| Suppliers | 440/4 | €34 | - | -€34 | |
| Other amounts payable | 47/48 | €60,130 | €10,599 | -€49,531 | -82.4% |
| Turnover | 70 | €135,905 | - | -€135,905 | |
| Goods, raw materials, services and sundry goods | 60/61 | €128,666 | - | -€128,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,823 | €6,611 | +€1,788 | +37.1% |
| Other operating charges | 640/8 | €1,964 | €723 | -€1,242 | -63.2% |
| Gross operating margin | 9900 | €7,239 | €8,638 | +€1,399 | +19.3% |
| Operating profit (loss) | 9901 | €452 | €1,304 | +€852 | +189% |
| Financial charges | 65/66B | €452 | €923 | +€471 | +104% |
| Recurring financial charges | 65 | €452 | €923 | +€471 | +104% |
| Profit (loss) for the period before taxes | 9903 | - | €381 | +€381 | |
| Profit (loss) for the period | 9904 | - | €381 | +€381 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €381 | +€381 |
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 31 October 2026 via checked.be.