ABC NUTS: 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.
ABC NUTS
Largest movements
- Stocks and contracts +€453,331
up €453,331 (+77.9%), from €582,229 to €1.0m
- Receivables within one year +€341,798
up €341,798 (+31.3%), from €1.1m to €1.4m
of which Trade receivables: +€260,356
- Cash -€90,670
down €90,670 (-57.1%), from €158,772 to €68,102
mainly Stocks and contracts (-€453,331) and Receivables within one year (-€341,798)
- Tangible fixed assets +€59,443
up €59,443 (+62.7%), from €94,856 to €154,299
of which Plant, machinery and equipment: +€76,206
- Short-term financial debts +€778,480
up €778,480 (+149%), from €521,536 to €1.3m
- Trade debts -€184,052
down €184,052 (-21.2%), from €870,048 to €685,996
- Profit (loss) carried forward +€95,950
up €95,950 (+39.7%), from €241,657 to €337,608
- Other debts +€62,000
new in 2025: €62,000
- Tax, wage and social debts +€43,921
up €43,921 (+50.4%), from €87,128 to €131,049
of which Taxes: +€33,286
- Gross operating margin +€187,697
up €187,697 (+55.8%), from €336,354 to €524,052
- Other operating charges +€48,473
up €48,473 (+148%), from €32,674 to €81,147
- Financial charges +€29,941
up €29,941 (+76.3%), from €39,233 to €69,175
- Taxes +€27,898
up €27,898 (+85.6%), from €32,573 to €60,472
- Depreciation +€7,779
up €7,779 (+23.2%), from €33,505 to €41,284
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 | €1,948,720 | €2,741,040 | +€792,320 | +40.7% |
| Fixed assets | 21/28 | €112,170 | €190,146 | +€77,976 | +69.5% |
| Intangible fixed assets | 21 | €17,315 | €34,847 | +€17,532 | +101% |
| Tangible fixed assets | 22/27 | €94,856 | €154,299 | +€59,443 | +62.7% |
| Plant, machinery and equipment | 23 | €18,524 | €94,730 | +€76,206 | +411% |
| Furniture and vehicles | 24 | €7,572 | €7,109 | -€463 | -6.1% |
| Leasing and similar rights | 25 | €59,960 | €45,360 | -€14,600 | -24.3% |
| Other tangible fixed assets | 26 | €8,799 | €7,100 | -€1,699 | -19.3% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €1,836,550 | €2,550,894 | +€714,344 | +38.9% |
| Stocks and contracts in progress | 3 | €582,229 | €1,035,560 | +€453,331 | +77.9% |
| Stocks | 30/36 | €582,229 | €1,035,560 | +€453,331 | +77.9% |
| Amounts receivable within one year | 40/41 | €1,093,549 | €1,435,347 | +€341,798 | +31.3% |
| Trade receivables | 40 | €1,045,362 | €1,305,719 | +€260,356 | +24.9% |
| Other amounts receivable | 41 | €48,187 | €129,628 | +€81,441 | +169% |
| Cash at bank and in hand | 54/58 | €158,772 | €68,102 | -€90,670 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,999 | €11,885 | +€9,886 | +495% |
| Total equity and liabilities | 10/49 | €1,948,720 | €2,741,040 | +€792,320 | +40.7% |
| Equity | 10/15 | €250,536 | €346,486 | +€95,950 | +38.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,878 | €3,878 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,878 | €3,878 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,878 | €3,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,657 | €337,608 | +€95,950 | +39.7% |
| Amounts payable | 17/49 | €1,698,185 | €2,394,554 | +€696,370 | +41.0% |
| Amounts payable after more than one year | 17 | €195,557 | €169,945 | -€25,613 | -13.1% |
| Financial debts | 170/4 | €195,557 | €169,945 | -€25,613 | -13.1% |
| Amounts payable within one year | 42/48 | €1,502,627 | €2,204,674 | +€702,047 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €23,915 | €25,613 | +€1,697 | +7.1% |
| Financial debts | 43 | €521,536 | €1,300,016 | +€778,480 | +149% |
| Credit institutions | 430/8 | €521,536 | €1,300,016 | +€778,480 | +149% |
| Trade debts | 44 | €870,048 | €685,996 | -€184,052 | -21.2% |
| Suppliers | 440/4 | €870,048 | €685,996 | -€184,052 | -21.2% |
| Taxes, remuneration and social security | 45 | €87,128 | €131,049 | +€43,921 | +50.4% |
| Taxes | 450/3 | €64,118 | €97,404 | +€33,286 | +51.9% |
| Remuneration and social security | 454/9 | €23,010 | €33,645 | +€10,635 | +46.2% |
| Other amounts payable | 47/48 | - | €62,000 | +€62,000 | |
| Accrued charges and deferred income | 492/3 | - | €19,936 | +€19,936 | |
| Remuneration, social security and pensions | 62 | €114,476 | €114,462 | -€15 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,505 | €41,284 | +€7,779 | +23.2% |
| Other operating charges | 640/8 | €32,674 | €81,147 | +€48,473 | +148% |
| Gross operating margin | 9900 | €336,354 | €524,052 | +€187,697 | +55.8% |
| Operating profit (loss) | 9901 | €155,699 | €287,158 | +€131,459 | +84.4% |
| Financial income | 75/76B | €553 | €438 | -€115 | -20.7% |
| Recurring financial income | 75 | €553 | €438 | -€115 | -20.7% |
| Financial charges | 65/66B | €39,233 | €69,175 | +€29,941 | +76.3% |
| Recurring financial charges | 65 | €39,233 | €69,175 | +€29,941 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €117,018 | €218,422 | +€101,403 | +86.7% |
| Income taxes | 67/77 | €32,573 | €60,472 | +€27,898 | +85.6% |
| Profit (loss) for the period | 9904 | €84,445 | €157,950 | +€73,505 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,445 | €157,950 | +€73,505 | +87.0% |
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 14 October 2026 via checked.be.