NULENS IMMO: what changed
NULENS IMMO
Largest movements
- Cash -€15,470
down €15,470 (-58.1%), from €26,639 to €11,169
mainly Investment in fixed assets (net) (-€22,152) and Receivables within one year (-€4,570)
- Tangible fixed assets +€12,024
up €12,024 (+9.9%), from €121,773 to €133,797
- Receivables within one year +€4,570
up €4,570 (+23.8%), from €19,226 to €23,796
of which Other amounts receivable: +€10,944
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,293
up €1,293 (+10.3%), from €12,602 to €13,895
- Depreciation +€279
up €279 (+2.8%), from €9,849 to €10,128
- Financial income +€193
up €193 (+20.2%), from €951 to €1,144
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 | €222,268 | €223,640 | +€1,371 | +0.6% |
| Fixed assets | 21/28 | €121,773 | €133,797 | +€12,024 | +9.9% |
| Tangible fixed assets | 22/27 | €121,773 | €133,797 | +€12,024 | +9.9% |
| Land and buildings | 22 | €121,773 | €133,797 | +€12,024 | +9.9% |
| Current assets | 29/58 | €100,495 | €89,842 | -€10,652 | -10.6% |
| Amounts receivable within one year | 40/41 | €19,226 | €23,796 | +€4,570 | +23.8% |
| Trade receivables | 40 | €6,374 | - | -€6,374 | |
| Other amounts receivable | 41 | €12,852 | €23,796 | +€10,944 | +85.2% |
| Current investments | 50/53 | €53,924 | €54,145 | +€221 | +0.4% |
| Cash at bank and in hand | 54/58 | €26,639 | €11,169 | -€15,470 | -58.1% |
| Deferred charges and accrued income | 490/1 | €705 | €732 | +€27 | +3.8% |
| Total equity and liabilities | 10/49 | €222,268 | €223,640 | +€1,371 | +0.6% |
| Equity | 10/15 | €221,857 | €223,434 | +€1,577 | +0.7% |
| Contributions | 10/11 | €227,000 | €227,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,143 | -€3,566 | +€1,577 | +30.7% |
| Amounts payable | 17/49 | €411 | €206 | -€206 | -50.0% |
| Amounts payable within one year | 42/48 | €411 | €206 | -€206 | -50.0% |
| Trade debts | 44 | €411 | €206 | -€206 | -50.0% |
| Suppliers | 440/4 | €411 | €206 | -€206 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,849 | €10,128 | +€279 | +2.8% |
| Other operating charges | 640/8 | €3,156 | €3,253 | +€97 | +3.1% |
| Gross operating margin | 9900 | €12,602 | €13,895 | +€1,293 | +10.3% |
| Operating profit (loss) | 9901 | -€403 | €514 | +€916 | |
| Financial income | 75/76B | €951 | €1,144 | +€193 | +20.2% |
| Recurring financial income | 75 | €951 | €1,144 | +€193 | +20.2% |
| Financial charges | 65/66B | €76 | €80 | +€4 | +5.3% |
| Recurring financial charges | 65 | €76 | €80 | +€4 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €472 | €1,577 | +€1,105 | +234% |
| Profit (loss) for the period | 9904 | €472 | €1,577 | +€1,105 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €472 | €1,577 | +€1,105 | +234% |
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 4 November 2026 via checked.be.