NUDGE TO SAIL: what changed
NUDGE TO SAIL
Largest movements
- Receivables within one year +€16,820
up €16,820 (+52.8%), from €31,848 to €48,669
of which Trade receivables: +€19,976
- Cash -€9,724
no longer reported in 2025 (was €9,724)
mainly Receivables within one year (-€16,820) and Net result for the year (-€13,877)
- Profit (loss) carried forward -€13,877
down €13,877 (-69.5%), from €19,960 to €6,083
- Other debts +€9,222
up €9,222 (+121%), from €7,597 to €16,818
- Trade debts +€8,706
up €8,706 (+119%), from €7,314 to €16,021
- Short-term financial debts +€3,476
new in 2025: €3,476
- Gross operating margin -€28,606
down €28,606, from €15,340 to -€13,266
- Taxes -€3,095
no longer reported in 2025 (was €3,095)
- Other operating charges -€1,096
down €1,096 (-64.0%), from €1,714 to €618
- Financial charges -€828
down €828 (-68.0%), from €1,217 to €389
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,572 | €48,669 | +€7,097 | +17.1% |
| Current assets | 29/58 | €41,572 | €48,669 | +€7,097 | +17.1% |
| Amounts receivable within one year | 40/41 | €31,848 | €48,669 | +€16,820 | +52.8% |
| Trade receivables | 40 | €22,906 | €42,882 | +€19,976 | +87.2% |
| Other amounts receivable | 41 | €8,942 | €5,787 | -€3,155 | -35.3% |
| Cash at bank and in hand | 54/58 | €9,724 | - | -€9,724 | |
| Total equity and liabilities | 10/49 | €41,572 | €48,669 | +€7,097 | +17.1% |
| Equity | 10/15 | €23,710 | €9,833 | -€13,877 | -58.5% |
| Contributions | 10/11 | €3,750 | €3,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,960 | €6,083 | -€13,877 | -69.5% |
| Amounts payable | 17/49 | €17,862 | €38,836 | +€20,974 | +117% |
| Amounts payable within one year | 42/48 | €17,862 | €38,836 | +€20,974 | +117% |
| Financial debts | 43 | - | €3,476 | +€3,476 | |
| Credit institutions | 430/8 | - | €3,476 | +€3,476 | |
| Trade debts | 44 | €7,314 | €16,021 | +€8,706 | +119% |
| Suppliers | 440/4 | €7,314 | €16,021 | +€8,706 | +119% |
| Taxes, remuneration and social security | 45 | €2,950 | €2,520 | -€430 | -14.6% |
| Taxes | 450/3 | €2,950 | €2,520 | -€430 | -14.6% |
| Other amounts payable | 47/48 | €7,597 | €16,818 | +€9,222 | +121% |
| Other operating charges | 640/8 | €1,714 | €618 | -€1,096 | -64.0% |
| Gross operating margin | 9900 | €15,340 | -€13,266 | -€28,606 | |
| Operating profit (loss) | 9901 | €13,626 | -€13,884 | -€27,510 | |
| Financial income | 75/76B | €478 | €396 | -€81 | -17.1% |
| Recurring financial income | 75 | €478 | €396 | -€81 | -17.1% |
| Financial charges | 65/66B | €1,217 | €389 | -€828 | -68.0% |
| Recurring financial charges | 65 | €1,217 | €389 | -€828 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €12,886 | -€13,877 | -€26,763 | |
| Income taxes | 67/77 | €3,095 | - | -€3,095 | |
| Profit (loss) for the period | 9904 | €9,791 | -€13,877 | -€23,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,791 | -€13,877 | -€23,669 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.