Patrick NIESSEN: 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.
Patrick NIESSEN
Largest movements
- Tangible fixed assets -€3,237
down €3,237 (-46.4%), from €6,973 to €3,737
- Cash +€1,997
up €1,997 (+8.6%), from €23,334 to €25,331
mainly Depreciation (+€3,237) and Net result for the year (+€2,317)
- Deferred charges and accrued income +€1,052
new in 2025: €1,052
- Trade debts -€5,157
down €5,157 (-70.9%), from €7,273 to €2,115
- Profit (loss) carried forward +€2,317
up €2,317 (+15.4%), from -€15,094 to -€12,777
- Tax, wage and social debts +€1,644
up €1,644 (+46.0%), from €3,575 to €5,219
- Other debts +€1,218
up €1,218 (+5.1%), from €23,877 to €25,096
- Gross operating margin +€11,592
up €11,592, from -€2,150 to €9,442
- Other operating charges +€117
up €117 (+3.3%), from €3,510 to €3,628
- Financial charges +€106
up €106 (+68.7%), from €155 to €261
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 | €33,891 | €33,913 | +€22 | +0.1% |
| Fixed assets | 21/28 | €6,973 | €3,737 | -€3,237 | -46.4% |
| Tangible fixed assets | 22/27 | €6,973 | €3,737 | -€3,237 | -46.4% |
| Land and buildings | 22 | €2,017 | €1,409 | -€608 | -30.1% |
| Plant, machinery and equipment | 23 | €1,722 | €1,075 | -€647 | -37.6% |
| Furniture and vehicles | 24 | €1,045 | €539 | -€506 | -48.4% |
| Other tangible fixed assets | 26 | €2,189 | €714 | -€1,476 | -67.4% |
| Current assets | 29/58 | €26,917 | €30,176 | +€3,259 | +12.1% |
| Stocks and contracts in progress | 3 | €2,894 | €2,894 | = | 0.0% |
| Stocks | 30/36 | €2,894 | €2,894 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €689 | €899 | +€210 | +30.4% |
| Other amounts receivable | 41 | €689 | €899 | +€210 | +30.4% |
| Cash at bank and in hand | 54/58 | €23,334 | €25,331 | +€1,997 | +8.6% |
| Deferred charges and accrued income | 490/1 | - | €1,052 | +€1,052 | |
| Total equity and liabilities | 10/49 | €33,891 | €33,913 | +€22 | +0.1% |
| Equity | 10/15 | -€834 | €1,483 | +€2,317 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,094 | -€12,777 | +€2,317 | +15.4% |
| Amounts payable | 17/49 | €34,725 | €32,430 | -€2,295 | -6.6% |
| Amounts payable within one year | 42/48 | €34,725 | €32,430 | -€2,295 | -6.6% |
| Trade debts | 44 | €7,273 | €2,115 | -€5,157 | -70.9% |
| Suppliers | 440/4 | €7,273 | €2,115 | -€5,157 | -70.9% |
| Taxes, remuneration and social security | 45 | €3,575 | €5,219 | +€1,644 | +46.0% |
| Taxes | 450/3 | €3,575 | €5,219 | +€1,644 | +46.0% |
| Other amounts payable | 47/48 | €23,877 | €25,096 | +€1,218 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,199 | €3,237 | +€38 | +1.2% |
| Other operating charges | 640/8 | €3,510 | €3,628 | +€117 | +3.3% |
| Gross operating margin | 9900 | -€2,150 | €9,442 | +€11,592 | |
| Operating profit (loss) | 9901 | -€8,860 | €2,578 | +€11,437 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -81.4% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -81.4% |
| Financial charges | 65/66B | €155 | €261 | +€106 | +68.7% |
| Recurring financial charges | 65 | €155 | €261 | +€106 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,014 | €2,317 | +€11,331 | |
| Profit (loss) for the period | 9904 | -€9,014 | €2,317 | +€11,331 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,014 | €2,317 | +€11,331 |
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 16 October 2026 via checked.be.