NUCLEUS STUDIOS: 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.
NUCLEUS STUDIOS
Largest movements
- Cash -€22,895
down €22,895 (-21.9%), from €104,760 to €81,865
mainly Investment in fixed assets (net) (-€30,170) and Debts after one year (-€15,420)
- Receivables within one year +€5,733
up €5,733 (+18.1%), from €31,609 to €37,343
of which Other amounts receivable: +€3,502
- Tangible fixed assets +€4,697
up €4,697 (+1.7%), from €271,704 to €276,401
of which Plant, machinery and equipment: +€19,452
- Debts after one year -€15,420
down €15,420 (-12.6%), from €121,970 to €106,550
- Profit (loss) carried forward +€10,910
up €10,910 (+6.7%), from €163,331 to €174,241
- Tax, wage and social debts -€10,660
down €10,660 (-49.2%), from €21,686 to €11,026
- Gross operating margin -€20,781
down €20,781 (-31.2%), from €66,532 to €45,752
- Taxes -€6,569
down €6,569 (-59.4%), from €11,067 to €4,498
- Depreciation +€1,563
up €1,563 (+6.5%), from €23,910 to €25,473
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 | €408,073 | €395,609 | -€12,464 | -3.1% |
| Fixed assets | 21/28 | €271,704 | €276,401 | +€4,697 | +1.7% |
| Tangible fixed assets | 22/27 | €271,704 | €276,401 | +€4,697 | +1.7% |
| Land and buildings | 22 | €208,881 | €194,127 | -€14,755 | -7.1% |
| Plant, machinery and equipment | 23 | €62,823 | €82,275 | +€19,452 | +31.0% |
| Current assets | 29/58 | €136,369 | €119,207 | -€17,161 | -12.6% |
| Amounts receivable within one year | 40/41 | €31,609 | €37,343 | +€5,733 | +18.1% |
| Trade receivables | 40 | €31,609 | €33,841 | +€2,231 | +7.1% |
| Other amounts receivable | 41 | - | €3,502 | +€3,502 | |
| Cash at bank and in hand | 54/58 | €104,760 | €81,865 | -€22,895 | -21.9% |
| Total equity and liabilities | 10/49 | €408,073 | €395,609 | -€12,464 | -3.1% |
| Equity | 10/15 | €227,482 | €238,391 | +€10,910 | +4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €44,151 | €44,151 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €42,151 | €42,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,331 | €174,241 | +€10,910 | +6.7% |
| Amounts payable | 17/49 | €180,591 | €157,217 | -€23,374 | -12.9% |
| Amounts payable after more than one year | 17 | €121,970 | €106,550 | -€15,420 | -12.6% |
| Financial debts | 170/4 | €121,970 | €106,550 | -€15,420 | -12.6% |
| Amounts payable within one year | 42/48 | €58,621 | €50,667 | -€7,954 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €15,061 | €16,156 | +€1,095 | +7.3% |
| Trade debts | 44 | €1,708 | €592 | -€1,116 | -65.3% |
| Suppliers | 440/4 | €1,708 | €592 | -€1,116 | -65.3% |
| Taxes, remuneration and social security | 45 | €21,686 | €11,026 | -€10,660 | -49.2% |
| Taxes | 450/3 | €21,686 | €11,026 | -€10,660 | -49.2% |
| Other amounts payable | 47/48 | €20,166 | €22,892 | +€2,726 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,910 | €25,473 | +€1,563 | +6.5% |
| Other operating charges | 640/8 | €1,637 | €1,290 | -€348 | -21.2% |
| Gross operating margin | 9900 | €66,532 | €45,752 | -€20,781 | -31.2% |
| Operating profit (loss) | 9901 | €40,985 | €18,989 | -€21,996 | -53.7% |
| Financial charges | 65/66B | €3,635 | €3,581 | -€54 | -1.5% |
| Recurring financial charges | 65 | €3,635 | €3,581 | -€54 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €37,350 | €15,408 | -€21,942 | -58.7% |
| Income taxes | 67/77 | €11,067 | €4,498 | -€6,569 | -59.4% |
| Profit (loss) for the period | 9904 | €26,283 | €10,910 | -€15,373 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,283 | €10,910 | -€15,373 | -58.5% |
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 2 October 2026 via checked.be.