NULLENS Kévin: 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.
NULLENS Kévin
Largest movements
- Cash +€33,613
up €33,613 (+54.9%), from €61,265 to €94,878
mainly Net result for the year (+€26,029) and Depreciation (+€8,851)
- Tangible fixed assets -€7,959
down €7,959 (-52.7%), from €15,115 to €7,156
of which Furniture and vehicles: -€7,959
- Reserves +€26,029
up €26,029 (+53.3%), from €48,838 to €74,867
- Other debts -€4,387
down €4,387 (-14.2%), from €30,997 to €26,610
- Tax, wage and social debts +€3,287
up €3,287 (+1112.9%), from €295 to €3,582
- Taxes +€3,287
up €3,287 (+45.0%), from €7,295 to €10,582
- Depreciation -€2,382
down €2,382 (-21.2%), from €11,233 to €8,851
- Gross operating margin -€2,304
down €2,304 (-4.7%), from €49,450 to €47,146
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 | €82,131 | €107,536 | +€25,405 | +30.9% |
| Fixed assets | 21/28 | €15,115 | €7,156 | -€7,959 | -52.7% |
| Tangible fixed assets | 22/27 | €15,115 | €7,156 | -€7,959 | -52.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €15,115 | €7,156 | -€7,959 | -52.7% |
| Current assets | 29/58 | €67,016 | €100,380 | +€33,365 | +49.8% |
| Amounts receivable within one year | 40/41 | €4,236 | €3,807 | -€429 | -10.1% |
| Trade receivables | 40 | €4,236 | €3,807 | -€429 | -10.1% |
| Cash at bank and in hand | 54/58 | €61,265 | €94,878 | +€33,613 | +54.9% |
| Deferred charges and accrued income | 490/1 | €1,515 | €1,695 | +€180 | +11.9% |
| Total equity and liabilities | 10/49 | €82,131 | €107,536 | +€25,405 | +30.9% |
| Equity | 10/15 | €50,838 | €76,867 | +€26,029 | +51.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,838 | €74,867 | +€26,029 | +53.3% |
| Distributable reserves | 133 | €48,838 | €74,867 | +€26,029 | +53.3% |
| Amounts payable | 17/49 | €31,293 | €30,669 | -€624 | -2.0% |
| Amounts payable within one year | 42/48 | €31,293 | €30,669 | -€624 | -2.0% |
| Trade debts | 44 | - | €477 | +€477 | |
| Suppliers | 440/4 | - | €477 | +€477 | |
| Taxes, remuneration and social security | 45 | €295 | €3,582 | +€3,287 | +1112.9% |
| Taxes | 450/3 | €295 | €3,582 | +€3,287 | +1112.9% |
| Other amounts payable | 47/48 | €30,997 | €26,610 | -€4,387 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,233 | €8,851 | -€2,382 | -21.2% |
| Other operating charges | 640/8 | €971 | €888 | -€83 | -8.5% |
| Non-recurring operating charges | 66A | - | €317 | +€317 | |
| Gross operating margin | 9900 | €49,450 | €47,146 | -€2,304 | -4.7% |
| Operating profit (loss) | 9901 | €37,246 | €37,090 | -€156 | -0.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €479 | €479 | = | 0.0% |
| Recurring financial charges | 65 | €479 | €479 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €36,767 | €36,611 | -€156 | -0.4% |
| Income taxes | 67/77 | €7,295 | €10,582 | +€3,287 | +45.0% |
| Profit (loss) for the period | 9904 | €29,472 | €26,029 | -€3,443 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,472 | €26,029 | -€3,443 | -11.7% |
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 7 October 2026 via checked.be.