Nunchi: 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.
Nunchi
Largest movements
- Current assets +€209,945
up €209,945 (+245.8%), from €85,399 to €295,343
of which Cash: +€140,584
- Tangible fixed assets +€137,685
up €137,685 (+278.4%), from €49,455 to €187,140
of which Furniture and vehicles: +€138,602
- Debts within one year +€314,956
up €314,956 (+425.0%), from €74,102 to €389,057
of which Other debts: +€328,525
- Debts after one year +€21,093
up €21,093 (+59.9%), from €35,192 to €56,285
- Reserves +€11,581
up €11,581 (+47.2%), from €24,560 to €36,142
of which Distributable reserves: +€36,042
- Gross operating margin +€214,515
up €214,515 (+361.9%), from €59,268 to €273,783
- Staff costs +€52,005
new in 2025: €52,005
- Taxes +€29,135
up €29,135 (+180.5%), from €16,142 to €45,277
- Depreciation +€10,615
up €10,615 (+62.4%), from €17,017 to €27,632
From the 2018 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2018 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,854 | €482,484 | +€347,630 | +257.8% |
| Fixed assets | 21/28 | €49,455 | €187,140 | +€137,685 | +278.4% |
| Tangible fixed assets | 22/27 | €49,455 | €187,140 | +€137,685 | +278.4% |
| Plant, machinery and equipment | 23 | - | €3,389 | +€3,389 | |
| Furniture and vehicles | 24 | - | €138,602 | +€138,602 | |
| Other tangible fixed assets | 26 | - | €45,149 | +€45,149 | |
| Current assets | 29/58 | €85,399 | €295,343 | +€209,945 | +245.8% |
| Amounts receivable within one year | 40/41 | €14,977 | €81,285 | +€66,308 | +442.7% |
| Trade receivables | 40 | - | €72,256 | +€72,256 | |
| Other amounts receivable | 41 | - | €9,029 | +€9,029 | |
| Cash at bank and in hand | 54/58 | €68,014 | €208,598 | +€140,584 | +206.7% |
| Deferred charges and accrued income | 490/1 | - | €5,461 | +€5,461 | |
| Total equity and liabilities | 10/49 | €134,854 | €482,484 | +€347,630 | +257.8% |
| Equity | 10/15 | €25,560 | €37,142 | +€11,581 | +45.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €24,560 | €36,142 | +€11,581 | +47.2% |
| Non-distributable reserves | 130/1 | - | €100 | +€100 | |
| Reserves not available under the articles | 1311 | - | €100 | +€100 | |
| Distributable reserves | 133 | - | €36,042 | +€36,042 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €109,293 | €445,342 | +€336,049 | +307.5% |
| Amounts payable after more than one year | 17 | €35,192 | €56,285 | +€21,093 | +59.9% |
| Financial debts | 170/4 | - | €56,285 | +€56,285 | |
| Amounts payable within one year | 42/48 | €74,102 | €389,057 | +€314,956 | +425.0% |
| Current portion of amounts payable after more than one year | 42 | - | €21,579 | +€21,579 | |
| Financial debts | 43 | - | €106 | +€106 | |
| Credit institutions | 430/8 | - | €106 | +€106 | |
| Trade debts | 44 | €25,402 | €6,742 | -€18,659 | -73.5% |
| Suppliers | 440/4 | - | €6,742 | +€6,742 | |
| Taxes, remuneration and social security | 45 | - | €32,106 | +€32,106 | |
| Taxes | 450/3 | - | €22,112 | +€22,112 | |
| Remuneration and social security | 454/9 | - | €9,993 | +€9,993 | |
| Other amounts payable | 47/48 | - | €328,525 | +€328,525 | |
| Non-recurring operating income | 76A | - | €22,018 | +€22,018 | |
| Remuneration, social security and pensions | 62 | - | €52,005 | +€52,005 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,017 | €27,632 | +€10,615 | +62.4% |
| Other operating charges | 640/8 | - | €750 | +€750 | |
| Gross operating margin | 9900 | €59,268 | €273,783 | +€214,515 | +361.9% |
| Operating profit (loss) | 9901 | €41,450 | €193,396 | +€151,947 | +366.6% |
| Financial income | 75/76B | - | €241 | +€241 | |
| Recurring financial income | 75 | €1 | €241 | +€240 | +42862.5% |
| Financial charges | 65/66B | - | €1,826 | +€1,826 | |
| Recurring financial charges | 65 | €748 | €1,826 | +€1,078 | +144.1% |
| Profit (loss) for the period before taxes | 9903 | €40,703 | €191,811 | +€151,109 | +371.2% |
| Income taxes | 67/77 | €16,142 | €45,277 | +€29,135 | +180.5% |
| Profit (loss) for the period | 9904 | €24,560 | €146,534 | +€121,974 | +496.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,560 | €146,534 | +€121,974 | +496.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.