S. NUYTS: 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.
What changed
S. NUYTS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,568
2024 · -€10,254+€1,686
Equity
€578,833
2024 · €564,999+€13,834
Cash
€102,125
2024 · €90,543+€11,581
Balance sheet total
€1.4m
2024 · €1.5m-€58,949
Largest movements
Assets
- Tangible fixed assets -€71,237
down €71,237 (-5.1%), from €1.4m to €1.3m
of which Land and buildings: -€71,237
Equity and liabilities
- Debts after one year -€52,624
down €52,624 (-11.8%), from €445,145 to €392,521
- Provisions -€26,470
down €26,470 (-31.3%), from €84,698 to €58,228
Income statement
- Gross operating margin +€5,570
up €5,570 (+7.6%), from €73,702 to €79,272
- Taxes +€1,502
up €1,502 (+420%), from €358 to €1,860
- Other operating charges +€1,316
up €1,316 (+12.9%), from €10,164 to €11,480
- Financial charges -€1,015
down €1,015 (-11.8%), from €8,641 to €7,626
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.
Result 2024
-€10,254
Gross operating margin
+€5,570
Depreciation
-€55
Other operating charges
-€1,316
Financial income
-€563
Financial charges
+€1,015
Taxes
-€1,502
Deferred taxes and other
-€1,463
Result 2025
-€8,568
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€41,296
Investment
€0
Financing
-€29,715
Cash 2024
€90,543
From operations (derived)
+€41,296
Net result for the year
-€8,568
Depreciation
+€71,237
Receivables within one year
-€640
Deferred charges and accrued income
-€66
Provisions
-€26,470
Trade debts
+€3,209
Tax, wage and social debts
-€1,838
Other debts
-€1,784
Accrued charges and deferred income
+€6,217
Financing
-€29,715
Debts after one year
-€52,624
Current portion of long-term debt
+€508
Contributions, distributions and other
+€22,402
Cash 2025
€102,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,481,695 | €1,422,746 | -€58,949 | -4.0% |
| Fixed assets | 21/28 | €1,385,723 | €1,314,486 | -€71,237 | -5.1% |
| Tangible fixed assets | 22/27 | €1,385,723 | €1,314,486 | -€71,237 | -5.1% |
| Land and buildings | 22 | €1,385,723 | €1,314,486 | -€71,237 | -5.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €95,972 | €108,260 | +€12,288 | +12.8% |
| Amounts receivable within one year | 40/41 | €1,889 | €2,529 | +€640 | +33.9% |
| Other amounts receivable | 41 | €1,889 | €2,529 | +€640 | +33.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €90,543 | €102,125 | +€11,581 | +12.8% |
| Deferred charges and accrued income | 490/1 | €3,540 | €3,606 | +€66 | +1.9% |
| Total equity and liabilities | 10/49 | €1,481,695 | €1,422,746 | -€58,949 | -4.0% |
| Equity | 10/15 | €564,999 | €578,833 | +€13,834 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €500,346 | €514,180 | +€13,834 | +2.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €164,487 | €174,684 | +€10,196 | +6.2% |
| Distributable reserves | 133 | €329,659 | €333,296 | +€3,637 | +1.1% |
| Profit (loss) carried forward | 14 | €2,653 | €2,653 | = | 0.0% |
| Provisions and deferred taxes | 16 | €84,698 | €58,228 | -€26,470 | -31.3% |
| Deferred taxes | 168 | €84,698 | €58,228 | -€26,470 | -31.3% |
| Amounts payable | 17/49 | €831,998 | €785,686 | -€46,312 | -5.6% |
| Amounts payable after more than one year | 17 | €445,145 | €392,521 | -€52,624 | -11.8% |
| Financial debts | 170/4 | €445,145 | €392,521 | -€52,624 | -11.8% |
| Amounts payable within one year | 42/48 | €386,853 | €386,948 | +€95 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €52,117 | €52,624 | +€508 | +1.0% |
| Trade debts | 44 | €1,983 | €5,192 | +€3,209 | +162% |
| Suppliers | 440/4 | €1,983 | €5,192 | +€3,209 | +162% |
| Taxes, remuneration and social security | 45 | €1,838 | €0 | -€1,838 | -100% |
| Taxes | 450/3 | €1,838 | €0 | -€1,838 | -100% |
| Other amounts payable | 47/48 | €330,915 | €329,132 | -€1,784 | -0.5% |
| Accrued charges and deferred income | 492/3 | - | €6,217 | +€6,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,182 | €71,237 | +€55 | +0.1% |
| Other operating charges | 640/8 | €10,164 | €11,480 | +€1,316 | +12.9% |
| Gross operating margin | 9900 | €73,702 | €79,272 | +€5,570 | +7.6% |
| Operating profit (loss) | 9901 | -€7,644 | -€3,445 | +€4,199 | +54.9% |
| Financial income | 75/76B | €857 | €294 | -€563 | -65.7% |
| Recurring financial income | 75 | €857 | €294 | -€563 | -65.7% |
| Financial charges | 65/66B | €8,641 | €7,626 | -€1,015 | -11.8% |
| Recurring financial charges | 65 | €8,641 | €7,626 | -€1,015 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,428 | -€10,777 | +€4,651 | +30.1% |
| Transfer from deferred taxes | 780 | €5,532 | €4,068 | -€1,463 | -26.4% |
| Income taxes | 67/77 | €358 | €1,860 | +€1,502 | +420% |
| Profit (loss) for the period | 9904 | -€10,254 | -€8,568 | +€1,686 | +16.4% |
| Transfer from tax-exempt reserves | 789 | €10,742 | €12,205 | +€1,463 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €488 | €3,637 | +€3,149 | +645% |
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 27 October 2026 via checked.be.