't Nederhof: 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.
't Nederhof
Largest movements
- Tangible fixed assets -€22,274
down €22,274 (-22.3%), from €100,077 to €77,803
of which Furniture and vehicles: -€21,878
- Stocks and contracts +€21,497
up €21,497 (+39.2%), from €54,865 to €76,362
- Receivables within one year -€12,031
down €12,031 (-35.2%), from €34,211 to €22,180
of which Other amounts receivable: -€24,946
- Deferred charges and accrued income -€5,800
down €5,800 (-22.7%), from €25,571 to €19,771
- Cash +€2,715
up €2,715 (+50.8%), from €5,345 to €8,060
mainly Net result for the year (+€34,727) and Depreciation (+€22,274)
- Reserves +€34,727
up €34,727 (+47.5%), from €73,086 to €107,813
- Trade debts -€19,662
down €19,662 (-66.0%), from €29,792 to €10,130
- Debts after one year -€17,835
down €17,835 (-26.5%), from €67,201 to €49,365
- Tax, wage and social debts -€14,977
down €14,977 (-94.6%), from €15,825 to €848
of which Taxes: -€15,087
- Other debts +€3,040
up €3,040 (+540%), from €563 to €3,603
- Depreciation +€10,617
up €10,617 (+91.1%), from €11,657 to €22,274
- Staff costs +€6,859
up €6,859 (+929%), from €738 to €7,597
- Taxes -€3,291
down €3,291 (-21.8%), from €15,087 to €11,796
- Financial charges +€1,130
up €1,130 (+61.2%), from €1,847 to €2,976
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 | €220,068 | €204,174 | -€15,894 | -7.2% |
| Fixed assets | 21/28 | €100,077 | €77,803 | -€22,274 | -22.3% |
| Tangible fixed assets | 22/27 | €100,077 | €77,803 | -€22,274 | -22.3% |
| Plant, machinery and equipment | 23 | €904 | €507 | -€396 | -43.9% |
| Furniture and vehicles | 24 | €99,173 | €77,295 | -€21,878 | -22.1% |
| Current assets | 29/58 | €119,991 | €126,372 | +€6,380 | +5.3% |
| Stocks and contracts in progress | 3 | €54,865 | €76,362 | +€21,497 | +39.2% |
| Stocks | 30/36 | €54,865 | €76,362 | +€21,497 | +39.2% |
| Amounts receivable within one year | 40/41 | €34,211 | €22,180 | -€12,031 | -35.2% |
| Trade receivables | 40 | €4,814 | €17,729 | +€12,915 | +268% |
| Other amounts receivable | 41 | €29,397 | €4,451 | -€24,946 | -84.9% |
| Cash at bank and in hand | 54/58 | €5,345 | €8,060 | +€2,715 | +50.8% |
| Deferred charges and accrued income | 490/1 | €25,571 | €19,771 | -€5,800 | -22.7% |
| Total equity and liabilities | 10/49 | €220,068 | €204,174 | -€15,894 | -7.2% |
| Equity | 10/15 | €78,086 | €112,813 | +€34,727 | +44.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,086 | €107,813 | +€34,727 | +47.5% |
| Distributable reserves | 133 | €73,086 | €107,813 | +€34,727 | +47.5% |
| Amounts payable | 17/49 | €141,983 | €91,361 | -€50,621 | -35.7% |
| Amounts payable after more than one year | 17 | €67,201 | €49,365 | -€17,835 | -26.5% |
| Financial debts | 170/4 | €67,201 | €49,365 | -€17,835 | -26.5% |
| Amounts payable within one year | 42/48 | €63,361 | €32,416 | -€30,945 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €17,182 | €17,835 | +€654 | +3.8% |
| Trade debts | 44 | €29,792 | €10,130 | -€19,662 | -66.0% |
| Suppliers | 440/4 | €29,792 | €10,130 | -€19,662 | -66.0% |
| Taxes, remuneration and social security | 45 | €15,825 | €848 | -€14,977 | -94.6% |
| Taxes | 450/3 | €15,087 | €0 | -€15,087 | -100% |
| Remuneration and social security | 454/9 | €738 | €848 | +€110 | +14.9% |
| Other amounts payable | 47/48 | €563 | €3,603 | +€3,040 | +540% |
| Accrued charges and deferred income | 492/3 | €11,421 | €9,580 | -€1,840 | -16.1% |
| Remuneration, social security and pensions | 62 | €738 | €7,597 | +€6,859 | +929% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,657 | €22,274 | +€10,617 | +91.1% |
| Other operating charges | 640/8 | €573 | €589 | +€16 | +2.9% |
| Gross operating margin | 9900 | €79,716 | €79,960 | +€244 | +0.3% |
| Operating profit (loss) | 9901 | €66,748 | €49,499 | -€17,249 | -25.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,847 | €2,976 | +€1,130 | +61.2% |
| Recurring financial charges | 65 | €1,847 | €2,976 | +€1,130 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €64,902 | €46,523 | -€18,379 | -28.3% |
| Income taxes | 67/77 | €15,087 | €11,796 | -€3,291 | -21.8% |
| Profit (loss) for the period | 9904 | €49,815 | €34,727 | -€15,088 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,815 | €34,727 | -€15,088 | -30.3% |
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 29 October 2026 via checked.be.