Nun's Project: 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.
Nun's Project
Largest movements
- Cash +€11,059
up €11,059 (+295%), from €3,754 to €14,814
mainly Net result for the year (+€17,799) and Other debts (+€17,639)
- Current investments +€3,823
up €3,823 (+42.4%), from €9,006 to €12,829
- Tangible fixed assets -€1,531
down €1,531 (-49.7%), from €3,080 to €1,550
of which Furniture and vehicles: -€920
- Receivables within one year +€1,273
up €1,273 (+12.9%), from €9,873 to €11,146
of which Trade receivables: +€3,525
- Other debts +€17,639
up €17,639 (+141%), from €12,466 to €30,104
- Reserves -€3,907
down €3,907 (-100%), from €3,907 to €0
- Tax, wage and social debts +€1,187
up €1,187 (+50.4%), from €2,357 to €3,544
- Gross operating margin +€20,895
up €20,895 (+703%), from €2,973 to €23,868
- Taxes +€4,164
up €4,164 (+565%), from €737 to €4,901
- Financial income +€837
up €837 (+883%), from €95 to €931
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 | €26,224 | €40,854 | +€14,629 | +55.8% |
| Fixed assets | 21/28 | €3,080 | €1,550 | -€1,531 | -49.7% |
| Tangible fixed assets | 22/27 | €3,080 | €1,550 | -€1,531 | -49.7% |
| Plant, machinery and equipment | 23 | €2,091 | €1,480 | -€611 | -29.2% |
| Furniture and vehicles | 24 | €989 | €69 | -€920 | -93.0% |
| Current assets | 29/58 | €23,144 | €39,304 | +€16,160 | +69.8% |
| Amounts receivable within one year | 40/41 | €9,873 | €11,146 | +€1,273 | +12.9% |
| Trade receivables | 40 | €7,330 | €10,854 | +€3,525 | +48.1% |
| Other amounts receivable | 41 | €2,544 | €292 | -€2,252 | -88.5% |
| Current investments | 50/53 | €9,006 | €12,829 | +€3,823 | +42.4% |
| Cash at bank and in hand | 54/58 | €3,754 | €14,814 | +€11,059 | +295% |
| Deferred charges and accrued income | 490/1 | €510 | €515 | +€5 | +1.0% |
| Total equity and liabilities | 10/49 | €26,224 | €40,854 | +€14,629 | +55.8% |
| Equity | 10/15 | €8,907 | €5,000 | -€3,907 | -43.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,907 | €0 | -€3,907 | -100% |
| Distributable reserves | 133 | €3,907 | €0 | -€3,907 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,317 | €35,854 | +€18,536 | +107% |
| Amounts payable within one year | 42/48 | €17,317 | €35,854 | +€18,536 | +107% |
| Trade debts | 44 | €2,495 | €2,205 | -€290 | -11.6% |
| Suppliers | 440/4 | €2,495 | €2,205 | -€290 | -11.6% |
| Taxes, remuneration and social security | 45 | €2,357 | €3,544 | +€1,187 | +50.4% |
| Taxes | 450/3 | €2,357 | €3,544 | +€1,187 | +50.4% |
| Other amounts payable | 47/48 | €12,466 | €30,104 | +€17,639 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,533 | €1,531 | -€2 | -0.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €2,973 | €23,868 | +€20,895 | +703% |
| Operating profit (loss) | 9901 | €935 | €21,818 | +€20,883 | +2,233% |
| Financial income | 75/76B | €95 | €931 | +€837 | +883% |
| Recurring financial income | 75 | €95 | €931 | +€837 | +883% |
| Financial charges | 65/66B | €34 | €49 | +€15 | +42.3% |
| Recurring financial charges | 65 | €34 | €49 | +€15 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €995 | €22,700 | +€21,705 | +2,181% |
| Income taxes | 67/77 | €737 | €4,901 | +€4,164 | +565% |
| Profit (loss) for the period | 9904 | €259 | €17,799 | +€17,540 | +6,785% |
| Profit (loss) for the period to be appropriated | 9905 | €259 | €17,799 | +€17,540 | +6,785% |
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 26 October 2026 via checked.be.