SAM NICHOLS: 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.
SAM NICHOLS
Largest movements
- Cash -€7,382
down €7,382 (-51.7%), from €14,265 to €6,883
mainly Other debts (-€24,117)
- Tangible fixed assets -€7,259
down €7,259 (-2.5%), from €286,132 to €278,874
- Other debts -€24,117
down €24,117 (-85.8%), from €28,105 to €3,988
- Profit (loss) carried forward +€9,477
up €9,477 (+3.7%), from -€257,707 to -€248,231
- Gross operating margin +€14,763
up €14,763 (+286%), from €5,169 to €19,932
- Other operating charges +€2,757
up €2,757 (+860%), from €321 to €3,078
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 | €300,398 | €285,757 | -€14,641 | -4.9% |
| Fixed assets | 21/28 | €286,132 | €278,874 | -€7,259 | -2.5% |
| Tangible fixed assets | 22/27 | €286,132 | €278,874 | -€7,259 | -2.5% |
| Land and buildings | 22 | €286,132 | €278,874 | -€7,259 | -2.5% |
| Current assets | 29/58 | €14,265 | €6,883 | -€7,382 | -51.7% |
| Cash at bank and in hand | 54/58 | €14,265 | €6,883 | -€7,382 | -51.7% |
| Total equity and liabilities | 10/49 | €300,398 | €285,757 | -€14,641 | -4.9% |
| Equity | 10/15 | -€57,707 | -€48,231 | +€9,477 | +16.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,707 | -€248,231 | +€9,477 | +3.7% |
| Amounts payable | 17/49 | €358,105 | €333,988 | -€24,117 | -6.7% |
| Amounts payable after more than one year | 17 | €330,000 | €330,000 | = | 0.0% |
| Other amounts payable | 178/9 | €330,000 | €330,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,105 | €3,988 | -€24,117 | -85.8% |
| Other amounts payable | 47/48 | €28,105 | €3,988 | -€24,117 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,259 | €7,259 | = | 0.0% |
| Other operating charges | 640/8 | €321 | €3,078 | +€2,757 | +860% |
| Gross operating margin | 9900 | €5,169 | €19,932 | +€14,763 | +286% |
| Operating profit (loss) | 9901 | -€2,410 | €9,595 | +€12,006 | |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €125 | €152 | +€27 | +22.0% |
| Recurring financial charges | 65 | €125 | €152 | +€27 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,535 | €9,477 | +€12,012 | |
| Profit (loss) for the period | 9904 | -€2,535 | €9,477 | +€12,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,535 | €9,477 | +€12,012 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.