NYSEN: 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.
NYSEN
Largest movements
- Cash +€58,173
up €58,173 (+1,159%), from €5,019 to €63,192
mainly Net result for the year (+€45,336) and Advances received (+€24,200)
- Receivables within one year +€37,439
up €37,439 (+3,641%), from €1,028 to €38,467
of which Trade receivables: +€21,635
- Tangible fixed assets -€32,775
down €32,775 (-33.8%), from €96,903 to €64,127
of which Furniture and vehicles: -€17,690
- Reserves +€38,107
up €38,107 (+46.0%), from €82,828 to €120,935
of which Distributable reserves: +€43,466
- Advances received +€24,200
new in 2025: €24,200
- Profit (loss) carried forward +€7,230
up €7,230, from -€7,230 to €0
- Tax, wage and social debts -€5,946
down €5,946 (-41.5%), from €14,312 to €8,366
- Trade debts +€3,801
up €3,801 (+43.5%), from €8,739 to €12,540
- Financial income +€50,440
up €50,440 (+2,251,801%), from €2 to €50,443
- Gross operating margin +€7,625
up €7,625 (+32.7%), from €23,303 to €30,928
- Taxes +€2,383
up €2,383 (+79.7%), from €2,991 to €5,374
- Depreciation +€1,917
up €1,917 (+8.8%), from €21,711 to €23,628
- Financial charges +€1,064
up €1,064 (+27.4%), from €3,880 to €4,944
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 | €229,539 | €293,841 | +€64,302 | +28.0% |
| Fixed assets | 21/28 | €206,103 | €173,327 | -€32,775 | -15.9% |
| Tangible fixed assets | 22/27 | €96,903 | €64,127 | -€32,775 | -33.8% |
| Land and buildings | 22 | €64,970 | €48,349 | -€16,621 | -25.6% |
| Plant, machinery and equipment | 23 | - | €1,921 | +€1,921 | |
| Furniture and vehicles | 24 | €24,628 | €6,938 | -€17,690 | -71.8% |
| Other tangible fixed assets | 26 | €7,305 | €6,919 | -€386 | -5.3% |
| Financial fixed assets | 28 | €109,200 | €109,200 | = | 0.0% |
| Current assets | 29/58 | €23,436 | €120,513 | +€97,077 | +414% |
| Stocks and contracts in progress | 3 | €17,389 | €18,854 | +€1,465 | +8.4% |
| Stocks | 30/36 | €17,389 | €18,854 | +€1,465 | +8.4% |
| Amounts receivable within one year | 40/41 | €1,028 | €38,467 | +€37,439 | +3,641% |
| Trade receivables | 40 | €265 | €21,900 | +€21,635 | +8,164% |
| Other amounts receivable | 41 | €763 | €16,567 | +€15,804 | +2,070% |
| Cash at bank and in hand | 54/58 | €5,019 | €63,192 | +€58,173 | +1,159% |
| Total equity and liabilities | 10/49 | €229,539 | €293,841 | +€64,302 | +28.0% |
| Equity | 10/15 | €203,399 | €248,735 | +€45,336 | +22.3% |
| Contributions | 10/11 | €127,800 | €127,800 | = | 0.0% |
| Reserves | 13 | €82,828 | €120,935 | +€38,107 | +46.0% |
| Non-distributable reserves | 130/1 | €5,272 | €0 | -€5,272 | -100% |
| Reserves not available under the articles | 1311 | €5,272 | €0 | -€5,272 | -100% |
| Tax-exempt reserves | 132 | €87 | €0 | -€87 | -100% |
| Distributable reserves | 133 | €77,469 | €120,935 | +€43,466 | +56.1% |
| Profit (loss) carried forward | 14 | -€7,230 | €0 | +€7,230 | |
| Amounts payable | 17/49 | €26,140 | €45,106 | +€18,965 | +72.6% |
| Amounts payable after more than one year | 17 | €3,089 | €0 | -€3,089 | -100% |
| Financial debts | 170/4 | €3,089 | €0 | -€3,089 | -100% |
| Amounts payable within one year | 42/48 | €23,051 | €45,106 | +€22,055 | +95.7% |
| Trade debts | 44 | €8,739 | €12,540 | +€3,801 | +43.5% |
| Suppliers | 440/4 | €8,739 | €12,540 | +€3,801 | +43.5% |
| Advances received on contracts in progress | 46 | - | €24,200 | +€24,200 | |
| Taxes, remuneration and social security | 45 | €14,312 | €8,366 | -€5,946 | -41.5% |
| Taxes | 450/3 | €14,312 | €8,366 | -€5,946 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,711 | €23,628 | +€1,917 | +8.8% |
| Other operating charges | 640/8 | €1,953 | €2,088 | +€135 | +6.9% |
| Gross operating margin | 9900 | €23,303 | €30,928 | +€7,625 | +32.7% |
| Operating profit (loss) | 9901 | -€361 | €5,212 | +€5,573 | |
| Financial income | 75/76B | €2 | €50,443 | +€50,440 | +2,251,801% |
| Recurring financial income | 75 | €2 | €50,443 | +€50,440 | +2,251,801% |
| Financial charges | 65/66B | €3,880 | €4,944 | +€1,064 | +27.4% |
| Recurring financial charges | 65 | €3,880 | €4,944 | +€1,064 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,238 | €50,711 | +€54,949 | |
| Income taxes | 67/77 | €2,991 | €5,374 | +€2,383 | +79.7% |
| Profit (loss) for the period | 9904 | -€7,230 | €45,336 | +€52,566 | |
| Transfer from tax-exempt reserves | 789 | - | €87 | +€87 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,230 | €45,423 | +€52,653 |
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 30 October 2026 via checked.be.