NUANSE: 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.
NUANSE
Largest movements
- Cash -€76,614
down €76,614 (-71.3%), from €107,393 to €30,779
mainly Contributions, distributions and other (-€60,000) and Current investments (-€45,000)
- Current investments +€45,000
new in 2025: €45,000
- Receivables within one year +€14,482
up €14,482 (+93.6%), from €15,465 to €29,947
of which Other amounts receivable: +€7,770
- Tangible fixed assets -€5,622
down €5,622 (-22.7%), from €24,796 to €19,174
of which Furniture and vehicles: -€4,989
- Stocks and contracts +€5,157
up €5,157 (+4.5%), from €113,692 to €118,849
- Other debts +€88,504
up €88,504 (+299%), from €29,631 to €118,135
- Reserves -€75,136
down €75,136 (-46.6%), from €161,339 to €86,204
- Tax, wage and social debts -€19,036
down €19,036 (-63.8%), from €29,832 to €10,795
of which Taxes: -€17,491
- Trade debts -€7,010
down €7,010 (-28.3%), from €24,791 to €17,781
- Debts after one year -€5,847
no longer reported in 2025 (was €5,847)
- Gross operating margin -€41,693
down €41,693 (-53.6%), from €77,721 to €36,028
- Other operating charges -€14,905
down €14,905 (-74.1%), from €20,117 to €5,212
- Taxes -€7,460
down €7,460, from €7,441 to -€19
- Staff costs +€6,917
up €6,917 (+23.2%), from €29,813 to €36,730
- Depreciation +€4,856
up €4,856 (+95.5%), from €5,086 to €9,942
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 | €262,872 | €248,112 | -€14,760 | -5.6% |
| Fixed assets | 21/28 | €24,796 | €19,174 | -€5,622 | -22.7% |
| Tangible fixed assets | 22/27 | €24,796 | €19,174 | -€5,622 | -22.7% |
| Plant, machinery and equipment | 23 | €5,070 | €4,437 | -€633 | -12.5% |
| Furniture and vehicles | 24 | €19,726 | €14,737 | -€4,989 | -25.3% |
| Current assets | 29/58 | €238,076 | €228,937 | -€9,138 | -3.8% |
| Stocks and contracts in progress | 3 | €113,692 | €118,849 | +€5,157 | +4.5% |
| Stocks | 30/36 | €113,692 | €118,849 | +€5,157 | +4.5% |
| Amounts receivable within one year | 40/41 | €15,465 | €29,947 | +€14,482 | +93.6% |
| Trade receivables | 40 | €13,641 | €20,353 | +€6,712 | +49.2% |
| Other amounts receivable | 41 | €1,825 | €9,594 | +€7,770 | +426% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €107,393 | €30,779 | -€76,614 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,525 | €4,363 | +€2,837 | +186% |
| Total equity and liabilities | 10/49 | €262,872 | €248,112 | -€14,760 | -5.6% |
| Equity | 10/15 | €164,339 | €89,204 | -€75,136 | -45.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Share premium | 1100/10 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €161,339 | €86,204 | -€75,136 | -46.6% |
| Distributable reserves | 133 | €161,339 | €86,204 | -€75,136 | -46.6% |
| Amounts payable | 17/49 | €98,532 | €158,908 | +€60,376 | +61.3% |
| Amounts payable after more than one year | 17 | €5,847 | - | -€5,847 | |
| Financial debts | 170/4 | €5,847 | - | -€5,847 | |
| Amounts payable within one year | 42/48 | €92,685 | €158,908 | +€66,223 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €8,431 | €12,197 | +€3,766 | +44.7% |
| Trade debts | 44 | €24,791 | €17,781 | -€7,010 | -28.3% |
| Suppliers | 440/4 | €24,791 | €17,781 | -€7,010 | -28.3% |
| Taxes, remuneration and social security | 45 | €29,832 | €10,795 | -€19,036 | -63.8% |
| Taxes | 450/3 | €24,002 | €6,511 | -€17,491 | -72.9% |
| Remuneration and social security | 454/9 | €5,830 | €4,285 | -€1,545 | -26.5% |
| Other amounts payable | 47/48 | €29,631 | €118,135 | +€88,504 | +299% |
| Remuneration, social security and pensions | 62 | €29,813 | €36,730 | +€6,917 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,086 | €9,942 | +€4,856 | +95.5% |
| Other operating charges | 640/8 | €20,117 | €5,212 | -€14,905 | -74.1% |
| Gross operating margin | 9900 | €77,721 | €36,028 | -€41,693 | -53.6% |
| Operating profit (loss) | 9901 | €22,706 | -€15,856 | -€38,562 | |
| Financial income | 75/76B | €409 | €1,884 | +€1,475 | +361% |
| Recurring financial income | 75 | €409 | €51 | -€358 | -87.5% |
| Non-recurring financial income | 76B | - | €1,833 | +€1,833 | |
| Financial charges | 65/66B | €1,206 | €1,183 | -€22 | -1.9% |
| Recurring financial charges | 65 | €1,206 | €1,183 | -€22 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €21,909 | -€15,155 | -€37,064 | |
| Income taxes | 67/77 | €7,441 | -€19 | -€7,460 | |
| Profit (loss) for the period | 9904 | €14,468 | -€15,136 | -€29,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,468 | -€15,136 | -€29,604 |
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.