Nyhavn: 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.
Nyhavn
Largest movements
- Cash -€131,979
down €131,979 (-57.0%), from €231,544 to €99,565
mainly Contributions, distributions and other (-€410,000) and Tax, wage and social debts (-€14,120)
- Receivables within one year -€9,108
down €9,108 (-8.8%), from €103,850 to €94,741
of which Trade receivables: -€9,066
- Tangible fixed assets -€8,231
down €8,231 (-38.3%), from €21,495 to €13,264
of which Furniture and vehicles: -€7,848
- Intangible fixed assets -€7,275
down €7,275 (-14.8%), from €49,096 to €41,821
- Reserves -€308,394
down €308,394 (-92.5%), from €333,423 to €25,029
- Other debts +€177,921
new in 2025: €177,921
- Tax, wage and social debts -€14,120
down €14,120 (-29.0%), from €48,693 to €34,573
- Trade debts -€14,001
down €14,001 (-78.4%), from €17,866 to €3,865
- Gross operating margin -€16,299
down €16,299 (-9.6%), from €169,771 to €153,472
- Taxes -€3,329
down €3,329 (-9.0%), from €36,823 to €33,494
- Depreciation +€2,689
up €2,689 (+17.0%), from €15,833 to €18,522
- Financial income +€2,653
new in 2025: €2,653
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 | €407,382 | €250,681 | -€156,701 | -38.5% |
| Fixed assets | 21/28 | €70,592 | €55,085 | -€15,506 | -22.0% |
| Intangible fixed assets | 21 | €49,096 | €41,821 | -€7,275 | -14.8% |
| Tangible fixed assets | 22/27 | €21,495 | €13,264 | -€8,231 | -38.3% |
| Furniture and vehicles | 24 | €20,184 | €12,336 | -€7,848 | -38.9% |
| Other tangible fixed assets | 26 | €1,312 | €929 | -€383 | -29.2% |
| Current assets | 29/58 | €336,790 | €195,595 | -€141,195 | -41.9% |
| Amounts receivable within one year | 40/41 | €103,850 | €94,741 | -€9,108 | -8.8% |
| Trade receivables | 40 | €103,808 | €94,741 | -€9,066 | -8.7% |
| Other amounts receivable | 41 | €42 | - | -€42 | |
| Cash at bank and in hand | 54/58 | €231,544 | €99,565 | -€131,979 | -57.0% |
| Deferred charges and accrued income | 490/1 | €1,396 | €1,289 | -€107 | -7.7% |
| Total equity and liabilities | 10/49 | €407,382 | €250,681 | -€156,701 | -38.5% |
| Equity | 10/15 | €337,423 | €29,029 | -€308,394 | -91.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €333,423 | €25,029 | -€308,394 | -92.5% |
| Distributable reserves | 133 | €333,423 | €25,029 | -€308,394 | -92.5% |
| Amounts payable | 17/49 | €69,959 | €221,652 | +€151,693 | +217% |
| Amounts payable within one year | 42/48 | €69,959 | €221,436 | +€151,478 | +217% |
| Current portion of amounts payable after more than one year | 42 | €3,401 | €5,078 | +€1,677 | +49.3% |
| Trade debts | 44 | €17,866 | €3,865 | -€14,001 | -78.4% |
| Suppliers | 440/4 | €17,866 | €3,865 | -€14,001 | -78.4% |
| Taxes, remuneration and social security | 45 | €48,693 | €34,573 | -€14,120 | -29.0% |
| Taxes | 450/3 | €48,693 | €34,573 | -€14,120 | -29.0% |
| Other amounts payable | 47/48 | - | €177,921 | +€177,921 | |
| Accrued charges and deferred income | 492/3 | - | €215 | +€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,833 | €18,522 | +€2,689 | +17.0% |
| Other operating charges | 640/8 | €2,553 | €1,731 | -€822 | -32.2% |
| Gross operating margin | 9900 | €169,771 | €153,472 | -€16,299 | -9.6% |
| Operating profit (loss) | 9901 | €151,385 | €133,219 | -€18,167 | -12.0% |
| Financial income | 75/76B | - | €2,653 | +€2,653 | |
| Recurring financial income | 75 | - | €2,653 | +€2,653 | |
| Financial charges | 65/66B | €823 | €772 | -€51 | -6.2% |
| Recurring financial charges | 65 | €823 | €772 | -€51 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €150,563 | €135,100 | -€15,463 | -10.3% |
| Income taxes | 67/77 | €36,823 | €33,494 | -€3,329 | -9.0% |
| Profit (loss) for the period | 9904 | €113,740 | €101,606 | -€12,133 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,740 | €101,606 | -€12,133 | -10.7% |
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 23 October 2026 via checked.be.