Nulens & Knight: what changed
What changed
Nulens & Knight
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€34,342
2024 · €37,983-€3,641
Equity
€78,070
2024 · €43,728+€34,342
Cash
€21,800
2024 · €21,919-€119
Balance sheet total
€326,605
2024 · €94,119+€232,486
Largest movements
Assets
- Stocks and contracts +€233,101
up €233,101 (+439%), from €53,116 to €286,216
Equity and liabilities
- Short-term financial debts +€162,993
new in 2025: €162,993
- Reserves +€34,342
up €34,342 (+88.7%), from €38,728 to €73,070
- Other debts +€25,816
up €25,816 (+71.5%), from €36,123 to €61,939
- Tax, wage and social debts +€5,906
up €5,906 (+41.7%), from €14,178 to €20,084
- Trade debts +€3,429
up €3,429 (+3,865%), from €89 to €3,518
Income statement
- Financial charges +€1,695
up €1,695 (+3,147%), from €54 to €1,749
- Gross operating margin -€1,312
down €1,312 (-2.7%), from €48,288 to €46,976
- Taxes +€607
up €607 (+6.2%), from €9,739 to €10,346
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.
Result 2024
€37,983
Gross operating margin
-€1,312
Other operating charges
-€27
Financial income
+€0
Financial charges
-€1,695
Taxes
-€607
Result 2025
€34,342
raises the resultlowers the result
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.
From operations
-€162,912
Investment
-€200
Financing
+€162,993
Cash 2024
€21,919
From operations (derived)
-€162,912
Net result for the year
+€34,342
Stocks and contracts
-€233,101
Smaller working-capital items
+€695
Trade debts
+€3,429
Tax, wage and social debts
+€5,906
Other debts
+€25,816
Investment (derived)
-€200
Investment in fixed assets (net)
-€200
Financing
+€162,993
Short-term financial debts
+€162,993
Cash 2025
€21,800
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,119 | €326,605 | +€232,486 | +247% |
| Fixed assets | 21/28 | - | €200 | +€200 | |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €94,119 | €326,405 | +€232,286 | +247% |
| Stocks and contracts in progress | 3 | €53,116 | €286,216 | +€233,101 | +439% |
| Stocks | 30/36 | €53,116 | €286,216 | +€233,101 | +439% |
| Amounts receivable within one year | 40/41 | €18,906 | €18,389 | -€518 | -2.7% |
| Trade receivables | 40 | €18,906 | €18,137 | -€769 | -4.1% |
| Other amounts receivable | 41 | - | €251 | +€251 | |
| Cash at bank and in hand | 54/58 | €21,919 | €21,800 | -€119 | -0.5% |
| Deferred charges and accrued income | 490/1 | €178 | €0 | -€178 | -100% |
| Total equity and liabilities | 10/49 | €94,119 | €326,605 | +€232,486 | +247% |
| Equity | 10/15 | €43,728 | €78,070 | +€34,342 | +78.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,728 | €73,070 | +€34,342 | +88.7% |
| Distributable reserves | 133 | €38,728 | €73,070 | +€34,342 | +88.7% |
| Amounts payable | 17/49 | €50,390 | €248,534 | +€198,144 | +393% |
| Amounts payable within one year | 42/48 | €50,390 | €248,534 | +€198,144 | +393% |
| Financial debts | 43 | - | €162,993 | +€162,993 | |
| Credit institutions | 430/8 | - | €162,993 | +€162,993 | |
| Trade debts | 44 | €89 | €3,518 | +€3,429 | +3,865% |
| Suppliers | 440/4 | €89 | €3,518 | +€3,429 | +3,865% |
| Taxes, remuneration and social security | 45 | €14,178 | €20,084 | +€5,906 | +41.7% |
| Taxes | 450/3 | €14,178 | €20,084 | +€5,906 | +41.7% |
| Other amounts payable | 47/48 | €36,123 | €61,939 | +€25,816 | +71.5% |
| Other operating charges | 640/8 | €513 | €540 | +€27 | +5.2% |
| Gross operating margin | 9900 | €48,288 | €46,976 | -€1,312 | -2.7% |
| Operating profit (loss) | 9901 | €47,775 | €46,436 | -€1,339 | -2.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €54 | €1,749 | +€1,695 | +3,147% |
| Recurring financial charges | 65 | €54 | €1,749 | +€1,695 | +3,147% |
| Profit (loss) for the period before taxes | 9903 | €47,721 | €44,688 | -€3,034 | -6.4% |
| Income taxes | 67/77 | €9,739 | €10,346 | +€607 | +6.2% |
| Profit (loss) for the period | 9904 | €37,983 | €34,342 | -€3,641 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,983 | €34,342 | -€3,641 | -9.6% |
Next steps
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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 2 November 2026 via checked.be.