STUDIO NEJ DE DONCKER: what changed
STUDIO NEJ DE DONCKER
Largest movements
- Cash +€11,914
up €11,914 (+21.2%), from €56,313 to €68,227
mainly Net result for the year (+€13,338) and Trade debts (+€6,519)
- Receivables within one year +€9,481
up €9,481 (+138%), from €6,882 to €16,363
of which Trade receivables: +€9,438
- Tangible fixed assets +€3,305
new in 2025: €3,305
- Reserves +€13,338
up €13,338 (+27.0%), from €49,464 to €62,803
of which Distributable reserves: +€13,338
- Trade debts +€6,519
up €6,519 (+154%), from €4,228 to €10,746
- Other debts +€3,591
up €3,591 (+623%), from €576 to €4,167
- Tax, wage and social debts +€1,393
up €1,393 (+50.6%), from €2,751 to €4,143
- Gross operating margin +€8,967
up €8,967 (+103%), from €8,709 to €17,676
- Taxes +€2,696
up €2,696 (+320%), from €842 to €3,538
- Depreciation +€248
new in 2025: €248
- Financial income +€244
up €244 (+134%), from €182 to €425
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,224 | €88,065 | +€24,841 | +39.3% |
| Fixed assets | 21/28 | - | €3,305 | +€3,305 | |
| Tangible fixed assets | 22/27 | - | €3,305 | +€3,305 | |
| Furniture and vehicles | 24 | - | €3,305 | +€3,305 | |
| Current assets | 29/58 | €63,224 | €84,759 | +€21,536 | +34.1% |
| Amounts receivable within one year | 40/41 | €6,882 | €16,363 | +€9,481 | +138% |
| Trade receivables | 40 | €6,882 | €16,320 | +€9,438 | +137% |
| Other amounts receivable | 41 | - | €43 | +€43 | |
| Cash at bank and in hand | 54/58 | €56,313 | €68,227 | +€11,914 | +21.2% |
| Deferred charges and accrued income | 490/1 | €28 | €169 | +€141 | +499% |
| Total equity and liabilities | 10/49 | €63,224 | €88,065 | +€24,841 | +39.3% |
| Equity | 10/15 | €55,670 | €69,008 | +€13,338 | +24.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €49,464 | €62,803 | +€13,338 | +27.0% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €42,964 | €56,303 | +€13,338 | +31.0% |
| Amounts payable | 17/49 | €7,554 | €19,057 | +€11,503 | +152% |
| Amounts payable within one year | 42/48 | €7,554 | €19,057 | +€11,503 | +152% |
| Trade debts | 44 | €4,228 | €10,746 | +€6,519 | +154% |
| Suppliers | 440/4 | €4,228 | €10,746 | +€6,519 | +154% |
| Taxes, remuneration and social security | 45 | €2,751 | €4,143 | +€1,393 | +50.6% |
| Taxes | 450/3 | €2,751 | €4,143 | +€1,393 | +50.6% |
| Other amounts payable | 47/48 | €576 | €4,167 | +€3,591 | +623% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €248 | +€248 | |
| Other operating charges | 640/8 | €897 | €870 | -€27 | -3.0% |
| Gross operating margin | 9900 | €8,709 | €17,676 | +€8,967 | +103% |
| Operating profit (loss) | 9901 | €7,812 | €16,558 | +€8,746 | +112% |
| Financial income | 75/76B | €182 | €425 | +€244 | +134% |
| Recurring financial income | 75 | €182 | €425 | +€244 | +134% |
| Financial charges | 65/66B | €83 | €107 | +€24 | +29.5% |
| Recurring financial charges | 65 | €83 | €107 | +€24 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €7,911 | €16,876 | +€8,965 | +113% |
| Income taxes | 67/77 | €842 | €3,538 | +€2,696 | +320% |
| Profit (loss) for the period | 9904 | €7,069 | €13,338 | +€6,270 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,069 | €13,338 | +€6,270 | +88.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.