Studio Nick Ervinck: what changed
What changed
Studio Nick Ervinck
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
filed annual accounts (NBB)
Net result for the year
€264,944
2024 · -€116,248+€381,192
Equity
€390,438
2024 · €125,494+€264,944
Cash
€167,681
2024 · €8,822+€158,859
Balance sheet total
€1.0m
2024 · €1.1m-€106,322
Largest movements
Assets
- Current investments -€180,000
down €180,000 (-37.5%), from €480,000 to €300,000
- Cash +€158,859
up €158,859 (+1,801%), from €8,822 to €167,681
mainly Net result for the year (+€264,944) and Current investments (+€180,000)
- Receivables within one year -€41,174
down €41,174 (-74.9%), from €54,952 to €13,778
of which Trade receivables: -€38,022
- Tangible fixed assets -€18,197
down €18,197 (-5.9%), from €310,393 to €292,195
of which Land and buildings: -€15,756
- Deferred charges and accrued income -€13,462
down €13,462 (-61.4%), from €21,920 to €8,458
Equity and liabilities
- Reserves +€264,944
up €264,944 (+264%), from €100,494 to €365,438
of which Tax-exempt reserves: +€132,682
- Other debts -€170,873
down €170,873 (-80.6%), from €211,897 to €41,024
- Debts after one year -€121,560
down €121,560 (-21.1%), from €576,045 to €454,485
- Advances received -€114,662
down €114,662 (-100%), from €114,662 to €0
- Provisions +€44,227
new in 2025: €44,227
Income statement
- Gross operating margin +€295,468
up €295,468 (+156%), from €189,771 to €485,239
- Staff costs -€19,437
down €19,437 (-11.9%), from €163,420 to €143,983
- Financial income +€7,720
up €7,720 (+164%), from €4,715 to €12,436
- Other operating charges +€6,836
up €6,836 (+81.5%), from €8,389 to €15,225
- Depreciation +€4,881
up €4,881 (+26.4%), from €18,471 to €23,353
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.
Result 2024
-€116,248
Gross operating margin
+€295,468
Staff costs
+€19,437
Depreciation
-€4,881
Other operating charges
-€6,836
Other operating items
+€116,525
Financial income
+€7,720
Financial charges
-€901
Taxes
-€1,112
Deferred taxes and other
-€44,227
Result 2025
€264,944
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€112,681
Investment
+€174,845
Financing
-€128,667
Cash 2024
€8,822
From operations (derived)
+€112,681
Net result for the year
+€264,944
Depreciation
+€23,353
Stocks and contracts
+€12,348
Receivables within one year
+€41,174
Deferred charges and accrued income
+€13,462
Provisions
+€44,227
Trade debts
+€17,679
Tax, wage and social debts
-€18,261
Advances received
-€114,662
Other debts
-€170,873
Accrued charges and deferred income
-€709
Investment (derived)
+€174,845
Investment in fixed assets (net)
-€5,156
Current investments
+€180,000
Financing
-€128,667
Debts after one year
-€121,560
Current portion of long-term debt
-€7,107
Cash 2025
€167,681
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,121,784 | €1,015,462 | -€106,322 | -9.5% |
| Fixed assets | 21/28 | €310,393 | €292,195 | -€18,197 | -5.9% |
| Tangible fixed assets | 22/27 | €310,393 | €292,195 | -€18,197 | -5.9% |
| Land and buildings | 22 | €266,684 | €250,928 | -€15,756 | -5.9% |
| Plant, machinery and equipment | 23 | €9,443 | €16,140 | +€6,697 | +70.9% |
| Furniture and vehicles | 24 | €33,471 | €24,891 | -€8,580 | -25.6% |
| Other tangible fixed assets | 26 | €795 | €237 | -€558 | -70.2% |
| Current assets | 29/58 | €811,391 | €723,266 | -€88,125 | -10.9% |
| Stocks and contracts in progress | 3 | €245,697 | €233,349 | -€12,348 | -5.0% |
| Stocks | 30/36 | €245,697 | €233,349 | -€12,348 | -5.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €54,952 | €13,778 | -€41,174 | -74.9% |
| Trade receivables | 40 | €49,021 | €10,999 | -€38,022 | -77.6% |
| Other amounts receivable | 41 | €5,931 | €2,780 | -€3,152 | -53.1% |
| Current investments | 50/53 | €480,000 | €300,000 | -€180,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €8,822 | €167,681 | +€158,859 | +1,801% |
| Deferred charges and accrued income | 490/1 | €21,920 | €8,458 | -€13,462 | -61.4% |
| Total equity and liabilities | 10/49 | €1,121,784 | €1,015,462 | -€106,322 | -9.5% |
| Equity | 10/15 | €125,494 | €390,438 | +€264,944 | +211% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €100,494 | €365,438 | +€264,944 | +264% |
| Tax-exempt reserves | 132 | - | €132,682 | +€132,682 | |
| Distributable reserves | 133 | €100,494 | €232,756 | +€132,262 | +132% |
| Provisions and deferred taxes | 16 | - | €44,227 | +€44,227 | |
| Deferred taxes | 168 | - | €44,227 | +€44,227 | |
| Amounts payable | 17/49 | €996,290 | €580,797 | -€415,493 | -41.7% |
| Amounts payable after more than one year | 17 | €576,045 | €454,485 | -€121,560 | -21.1% |
| Financial debts | 170/4 | €576,045 | €454,485 | -€121,560 | -21.1% |
| Amounts payable within one year | 42/48 | €419,406 | €126,183 | -€293,224 | -69.9% |
| Current portion of amounts payable after more than one year | 42 | €9,451 | €2,344 | -€7,107 | -75.2% |
| Trade debts | 44 | €43,598 | €61,277 | +€17,679 | +40.5% |
| Suppliers | 440/4 | €43,598 | €61,277 | +€17,679 | +40.5% |
| Advances received on contracts in progress | 46 | €114,662 | €0 | -€114,662 | -100% |
| Taxes, remuneration and social security | 45 | €39,798 | €21,537 | -€18,261 | -45.9% |
| Taxes | 450/3 | €4,965 | €3,999 | -€967 | -19.5% |
| Remuneration and social security | 454/9 | €34,833 | €17,539 | -€17,294 | -49.6% |
| Other amounts payable | 47/48 | €211,897 | €41,024 | -€170,873 | -80.6% |
| Accrued charges and deferred income | 492/3 | €838 | €129 | -€709 | -84.6% |
| Non-recurring operating income | 76A | - | €210,756 | +€210,756 | |
| Remuneration, social security and pensions | 62 | €163,420 | €143,983 | -€19,437 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,471 | €23,353 | +€4,881 | +26.4% |
| Other operating charges | 640/8 | €8,389 | €15,225 | +€6,836 | +81.5% |
| Non-recurring operating charges | 66A | €116,525 | €0 | -€116,525 | -100% |
| Gross operating margin | 9900 | €189,771 | €485,239 | +€295,468 | +156% |
| Operating profit (loss) | 9901 | -€117,034 | €302,678 | +€419,712 | |
| Financial income | 75/76B | €4,715 | €12,436 | +€7,720 | +164% |
| Recurring financial income | 75 | €4,715 | €12,436 | +€7,720 | +164% |
| Financial charges | 65/66B | €3,801 | €4,703 | +€901 | +23.7% |
| Recurring financial charges | 65 | €3,801 | €4,703 | +€901 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€116,120 | €310,411 | +€426,531 | |
| Transfer from deferred taxes | 780 | - | €8,462 | +€8,462 | |
| Transfer to deferred taxes | 680 | - | €52,689 | +€52,689 | |
| Income taxes | 67/77 | €128 | €1,240 | +€1,112 | +869% |
| Profit (loss) for the period | 9904 | -€116,248 | €264,944 | +€381,192 | |
| Transfer from tax-exempt reserves | 789 | - | €25,385 | +€25,385 | |
| Transfer to tax-exempt reserves | 689 | - | €158,067 | +€158,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€116,248 | €132,262 | +€248,510 |
Next steps
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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 7 November 2026 via checked.be.