Nulvijfnuleen: what changed
Nulvijfnuleen
Largest movements
- Receivables within one year -€15,608
down €15,608 (-27.1%), from €57,597 to €41,990
of which Other amounts receivable: -€19,601
- Stocks and contracts +€5,972
up €5,972 (+84.4%), from €7,078 to €13,050
- Tangible fixed assets -€4,618
down €4,618 (-9.2%), from €50,195 to €45,577
of which Plant, machinery and equipment: -€3,320
- Deferred charges and accrued income -€3,816
down €3,816 (-43.1%), from €8,850 to €5,034
- Cash -€2,969
down €2,969 (-14.6%), from €20,368 to €17,400
mainly Contributions, distributions and other (-€40,000) and Other debts (-€10,000)
- Reserves -€15,849
down €15,849 (-71.8%), from €22,070 to €6,222
- Other debts -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Current portion of long-term debt +€6,675
up €6,675 (+46.5%), from €14,364 to €21,039
- Tax, wage and social debts +€5,749
up €5,749 (+132%), from €4,369 to €10,119
of which Taxes: +€3,279
- Accrued charges and deferred income -€4,946
down €4,946 (-75.7%), from €6,536 to €1,590
- Depreciation -€6,790
down €6,790 (-41.6%), from €16,320 to €9,530
- Staff costs +€6,218
up €6,218 (+18.8%), from €33,114 to €39,332
- Financial income -€6,082
down €6,082 (-69.0%), from €8,808 to €2,726
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 | €144,089 | €123,051 | -€21,038 | -14.6% |
| Fixed assets | 21/28 | €50,195 | €45,577 | -€4,618 | -9.2% |
| Tangible fixed assets | 22/27 | €50,195 | €45,577 | -€4,618 | -9.2% |
| Plant, machinery and equipment | 23 | €15,759 | €12,439 | -€3,320 | -21.1% |
| Furniture and vehicles | 24 | €27,947 | €28,046 | +€99 | +0.4% |
| Other tangible fixed assets | 26 | €6,489 | €5,092 | -€1,397 | -21.5% |
| Current assets | 29/58 | €93,894 | €77,474 | -€16,421 | -17.5% |
| Stocks and contracts in progress | 3 | €7,078 | €13,050 | +€5,972 | +84.4% |
| Stocks | 30/36 | €7,078 | €13,050 | +€5,972 | +84.4% |
| Amounts receivable within one year | 40/41 | €57,597 | €41,990 | -€15,608 | -27.1% |
| Trade receivables | 40 | €63 | €4,057 | +€3,993 | +6,302% |
| Other amounts receivable | 41 | €57,534 | €37,933 | -€19,601 | -34.1% |
| Cash at bank and in hand | 54/58 | €20,368 | €17,400 | -€2,969 | -14.6% |
| Deferred charges and accrued income | 490/1 | €8,850 | €5,034 | -€3,816 | -43.1% |
| Total equity and liabilities | 10/49 | €144,089 | €123,051 | -€21,038 | -14.6% |
| Equity | 10/15 | €25,070 | €9,222 | -€15,849 | -63.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,070 | €6,222 | -€15,849 | -71.8% |
| Distributable reserves | 133 | €22,070 | €6,222 | -€15,849 | -71.8% |
| Amounts payable | 17/49 | €119,019 | €113,829 | -€5,190 | -4.4% |
| Amounts payable after more than one year | 17 | €27,512 | €25,916 | -€1,596 | -5.8% |
| Financial debts | 170/4 | €27,512 | €25,916 | -€1,596 | -5.8% |
| Amounts payable within one year | 42/48 | €84,971 | €86,323 | +€1,352 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €14,364 | €21,039 | +€6,675 | +46.5% |
| Trade debts | 44 | €16,238 | €15,165 | -€1,073 | -6.6% |
| Suppliers | 440/4 | €16,238 | €15,165 | -€1,073 | -6.6% |
| Taxes, remuneration and social security | 45 | €4,369 | €10,119 | +€5,749 | +132% |
| Taxes | 450/3 | €3,877 | €7,156 | +€3,279 | +84.6% |
| Remuneration and social security | 454/9 | €492 | €2,963 | +€2,470 | +502% |
| Other amounts payable | 47/48 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €6,536 | €1,590 | -€4,946 | -75.7% |
| Remuneration, social security and pensions | 62 | €33,114 | €39,332 | +€6,218 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,320 | €9,530 | -€6,790 | -41.6% |
| Other operating charges | 640/8 | €3,983 | €4,457 | +€474 | +11.9% |
| Gross operating margin | 9900 | €84,476 | €85,224 | +€748 | +0.9% |
| Operating profit (loss) | 9901 | €31,059 | €31,905 | +€846 | +2.7% |
| Financial income | 75/76B | €8,808 | €2,726 | -€6,082 | -69.0% |
| Recurring financial income | 75 | €8,808 | €2,726 | -€6,082 | -69.0% |
| Financial charges | 65/66B | €4,378 | €4,146 | -€233 | -5.3% |
| Recurring financial charges | 65 | €4,378 | €4,146 | -€233 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €35,488 | €30,485 | -€5,003 | -14.1% |
| Income taxes | 67/77 | €7,052 | €6,334 | -€718 | -10.2% |
| Profit (loss) for the period | 9904 | €28,436 | €24,151 | -€4,285 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,436 | €24,151 | -€4,285 | -15.1% |
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 3 November 2026 via checked.be.