STEVEN NYSTEN: 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.
STEVEN NYSTEN
Largest movements
- Receivables within one year +€13,138
up €13,138 (+20.6%), from €63,905 to €77,043
- Tangible fixed assets -€4,846
down €4,846 (-17.8%), from €27,250 to €22,403
- Reserves +€10,846
up €10,846 (+18.1%), from €60,036 to €70,882
of which Distributable reserves: +€10,846
- Tax, wage and social debts -€1,126
down €1,126 (-5.4%), from €20,892 to €19,767
- Taxes -€7,009
down €7,009 (-65.1%), from €10,774 to €3,765
- Financial charges +€2,255
up €2,255 (+399%), from €565 to €2,820
- Depreciation +€1,125
up €1,125 (+24.6%), from €4,571 to €5,695
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 | €93,857 | €103,049 | +€9,192 | +9.8% |
| Fixed assets | 21/28 | €27,275 | €22,403 | -€4,871 | -17.9% |
| Tangible fixed assets | 22/27 | €27,250 | €22,403 | -€4,846 | -17.8% |
| Furniture and vehicles | 24 | €27,250 | €22,403 | -€4,846 | -17.8% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €66,582 | €80,646 | +€14,064 | +21.1% |
| Amounts receivable within one year | 40/41 | €63,905 | €77,043 | +€13,138 | +20.6% |
| Other amounts receivable | 41 | €63,905 | €77,043 | +€13,138 | +20.6% |
| Cash at bank and in hand | 54/58 | €2,642 | €3,570 | +€928 | +35.1% |
| Deferred charges and accrued income | 490/1 | €35 | €32 | -€2 | -7.0% |
| Total equity and liabilities | 10/49 | €93,857 | €103,049 | +€9,192 | +9.8% |
| Equity | 10/15 | €72,436 | €83,282 | +€10,846 | +15.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €60,036 | €70,882 | +€10,846 | +18.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,176 | €69,022 | +€10,846 | +18.6% |
| Amounts payable | 17/49 | €21,421 | €19,767 | -€1,654 | -7.7% |
| Amounts payable within one year | 42/48 | €21,421 | €19,767 | -€1,654 | -7.7% |
| Trade debts | 44 | €528 | - | -€528 | |
| Suppliers | 440/4 | €528 | - | -€528 | |
| Taxes, remuneration and social security | 45 | €20,892 | €19,767 | -€1,126 | -5.4% |
| Taxes | 450/3 | €20,892 | €19,767 | -€1,126 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,571 | €5,695 | +€1,125 | +24.6% |
| Non-recurring operating charges | 66A | €2,752 | - | -€2,752 | |
| Gross operating margin | 9900 | €19,148 | €19,317 | +€169 | +0.9% |
| Operating profit (loss) | 9901 | €11,825 | €13,621 | +€1,796 | +15.2% |
| Financial income | 75/76B | €3,644 | €3,810 | +€166 | +4.6% |
| Recurring financial income | 75 | €3,644 | €3,797 | +€154 | +4.2% |
| Non-recurring financial income | 76B | - | €12 | +€12 | |
| Financial charges | 65/66B | €565 | €2,820 | +€2,255 | +399% |
| Recurring financial charges | 65 | €565 | €2,820 | +€2,255 | +399% |
| Profit (loss) for the period before taxes | 9903 | €14,904 | €14,611 | -€292 | -2.0% |
| Income taxes | 67/77 | €10,774 | €3,765 | -€7,009 | -65.1% |
| Profit (loss) for the period | 9904 | €4,130 | €10,846 | +€6,717 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €4,130 | €10,846 | +€6,717 | +163% |
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 13 October 2026 via checked.be.