NUGER CONSULT: 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.
NUGER CONSULT
Largest movements
- Cash -€133,300
down €133,300 (-69.8%), from €191,063 to €57,763
mainly Net result for the year (-€152,941) and Receivables within one year (-€35,338)
- Receivables within one year +€35,338
up €35,338 (+45.3%), from €78,017 to €113,355
of which Trade receivables: +€22,835
- Tangible fixed assets -€14,042
down €14,042 (-22.6%), from €62,081 to €48,039
of which Land and buildings: -€14,264
- Profit (loss) carried forward -€152,941
down €152,941 (-30.6%), from €500,442 to €347,501
- Provisions +€47,762
new in 2025: €47,762
- Gross operating margin -€74,759
down €74,759 (-547%), from -€13,679 to -€88,438
- Provisions +€47,762
new in 2025: €47,762
- Other operating charges +€1,639
up €1,639 (+52.9%), from €3,099 to €4,738
- Financial income +€892
up €892 (+17.5%), from €5,108 to €5,999
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 | €538,115 | €424,997 | -€113,118 | -21.0% |
| Fixed assets | 21/28 | €162,096 | €148,054 | -€14,042 | -8.7% |
| Tangible fixed assets | 22/27 | €62,081 | €48,039 | -€14,042 | -22.6% |
| Land and buildings | 22 | €61,488 | €47,224 | -€14,264 | -23.2% |
| Furniture and vehicles | 24 | €592 | €815 | +€222 | +37.6% |
| Financial fixed assets | 28 | €100,015 | €100,015 | = | 0.0% |
| Current assets | 29/58 | €376,020 | €276,944 | -€99,076 | -26.3% |
| Amounts receivable after more than one year | 29 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 291 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,017 | €113,355 | +€35,338 | +45.3% |
| Trade receivables | 40 | €14,601 | €37,436 | +€22,835 | +156% |
| Other amounts receivable | 41 | €63,416 | €75,919 | +€12,502 | +19.7% |
| Current investments | 50/53 | €82,565 | €82,565 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €191,063 | €57,763 | -€133,300 | -69.8% |
| Deferred charges and accrued income | 490/1 | €6,374 | €5,260 | -€1,114 | -17.5% |
| Total equity and liabilities | 10/49 | €538,115 | €424,997 | -€113,118 | -21.0% |
| Equity | 10/15 | €520,847 | €367,906 | -€152,941 | -29.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €500,442 | €347,501 | -€152,941 | -30.6% |
| Provisions and deferred taxes | 16 | - | €47,762 | +€47,762 | |
| Provisions for liabilities and charges | 160/5 | - | €47,762 | +€47,762 | |
| Other liabilities and charges | 164/5 | - | €47,762 | +€47,762 | |
| Amounts payable | 17/49 | €17,268 | €9,329 | -€7,939 | -46.0% |
| Amounts payable within one year | 42/48 | €15,815 | €9,329 | -€6,486 | -41.0% |
| Trade debts | 44 | €8,033 | €4,233 | -€3,800 | -47.3% |
| Suppliers | 440/4 | €8,033 | €4,233 | -€3,800 | -47.3% |
| Taxes, remuneration and social security | 45 | €7,782 | €5,097 | -€2,686 | -34.5% |
| Taxes | 450/3 | €7,782 | €1,505 | -€6,277 | -80.7% |
| Remuneration and social security | 454/9 | - | €3,591 | +€3,591 | |
| Accrued charges and deferred income | 492/3 | €1,453 | €0 | -€1,453 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,560 | €15,085 | -€475 | -3.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €47,762 | +€47,762 | |
| Other operating charges | 640/8 | €3,099 | €4,738 | +€1,639 | +52.9% |
| Gross operating margin | 9900 | -€13,679 | -€88,438 | -€74,759 | -547% |
| Operating profit (loss) | 9901 | -€32,337 | -€156,022 | -€123,685 | -382% |
| Financial income | 75/76B | €5,108 | €5,999 | +€892 | +17.5% |
| Recurring financial income | 75 | €5,108 | €5,999 | +€892 | +17.5% |
| Financial charges | 65/66B | €2,202 | €2,278 | +€76 | +3.5% |
| Recurring financial charges | 65 | €2,202 | €2,278 | +€76 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,431 | -€152,300 | -€122,869 | -417% |
| Income taxes | 67/77 | €660 | €640 | -€20 | -3.0% |
| Profit (loss) for the period | 9904 | -€30,091 | -€152,941 | -€122,849 | -408% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,091 | -€152,941 | -€122,849 | -408% |
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 22 October 2026 via checked.be.