SEBASTIEN NANOUKON: 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.
SEBASTIEN NANOUKON
Largest movements
- Deferred charges and accrued income +€11,666
up €11,666 (+36.9%), from €31,593 to €43,259
- Tangible fixed assets -€7,666
down €7,666 (-70.7%), from €10,840 to €3,174
- Intangible fixed assets -€5,000
down €5,000 (-11.9%), from €42,068 to €37,068
- Cash +€2,160
up €2,160 (+20.4%), from €10,596 to €12,757
mainly Net result for the year (+€16,677) and Depreciation (+€12,666)
- Profit (loss) carried forward +€16,677
up €16,677 (+220%), from €7,571 to €24,248
- Debts after one year -€11,183
down €11,183 (-22.3%), from €50,119 to €38,936
- Tax, wage and social debts -€4,842
down €4,842 (-40.3%), from €12,022 to €7,180
- Gross operating margin +€29,753
up €29,753 (+325%), from €9,145 to €38,898
- Taxes +€6,048
up €6,048 (+4,608%), from €131 to €6,180
- Financial charges -€478
down €478 (-13.2%), from €3,618 to €3,140
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 | €95,466 | €96,626 | +€1,160 | +1.2% |
| Fixed assets | 21/28 | €52,908 | €40,242 | -€12,666 | -23.9% |
| Intangible fixed assets | 21 | €42,068 | €37,068 | -€5,000 | -11.9% |
| Tangible fixed assets | 22/27 | €10,840 | €3,174 | -€7,666 | -70.7% |
| Furniture and vehicles | 24 | €10,840 | €3,174 | -€7,666 | -70.7% |
| Current assets | 29/58 | €42,558 | €56,384 | +€13,826 | +32.5% |
| Amounts receivable within one year | 40/41 | €369 | €369 | = | 0.0% |
| Other amounts receivable | 41 | €369 | €369 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,596 | €12,757 | +€2,160 | +20.4% |
| Deferred charges and accrued income | 490/1 | €31,593 | €43,259 | +€11,666 | +36.9% |
| Total equity and liabilities | 10/49 | €95,466 | €96,626 | +€1,160 | +1.2% |
| Equity | 10/15 | €10,071 | €26,748 | +€16,677 | +166% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,571 | €24,248 | +€16,677 | +220% |
| Amounts payable | 17/49 | €85,394 | €69,878 | -€15,517 | -18.2% |
| Amounts payable after more than one year | 17 | €50,119 | €38,936 | -€11,183 | -22.3% |
| Financial debts | 170/4 | €50,119 | €38,936 | -€11,183 | -22.3% |
| Amounts payable within one year | 42/48 | €35,275 | €30,942 | -€4,333 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €10,616 | €11,183 | +€567 | +5.3% |
| Taxes, remuneration and social security | 45 | €12,022 | €7,180 | -€4,842 | -40.3% |
| Taxes | 450/3 | €12,022 | €7,180 | -€4,842 | -40.3% |
| Other amounts payable | 47/48 | €12,638 | €12,579 | -€59 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,666 | €12,666 | = | 0.0% |
| Other operating charges | 640/8 | €329 | €235 | -€94 | -28.5% |
| Gross operating margin | 9900 | €9,145 | €38,898 | +€29,753 | +325% |
| Operating profit (loss) | 9901 | -€3,850 | €25,996 | +€29,846 | |
| Financial charges | 65/66B | €3,618 | €3,140 | -€478 | -13.2% |
| Recurring financial charges | 65 | €3,618 | €3,140 | -€478 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,468 | €22,857 | +€30,325 | |
| Income taxes | 67/77 | €131 | €6,180 | +€6,048 | +4,608% |
| Profit (loss) for the period | 9904 | -€7,599 | €16,677 | +€24,276 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,599 | €16,677 | +€24,276 |
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 19 October 2026 via checked.be.