AS-NU: 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.
AS-NU
Largest movements
- Cash +€96,338
up €96,338 (+5,373%), from €1,793 to €98,131
mainly Net result for the year (+€98,406) and Tax, wage and social debts (+€27,983)
- Tangible fixed assets +€6,880
up €6,880 (+372%), from €1,847 to €8,727
of which Plant, machinery and equipment: +€4,819
- Reserves +€66,363
up €66,363 (+25.3%), from €262,517 to €328,880
of which Distributable reserves: +€68,223
- Tax, wage and social debts +€27,983
up €27,983 (+88.5%), from €31,620 to €59,602
- Other debts +€11,951
up €11,951 (+25.6%), from €46,690 to €58,640
- Gross operating margin +€55,555
up €55,555 (+68.8%), from €80,709 to €136,263
- Taxes +€17,601
up €17,601 (+74.8%), from €23,543 to €41,144
- Financial income -€1,993
down €1,993 (-27.6%), from €7,226 to €5,233
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 | €349,666 | €457,416 | +€107,749 | +30.8% |
| Fixed assets | 21/28 | €42,745 | €49,625 | +€6,880 | +16.1% |
| Tangible fixed assets | 22/27 | €1,847 | €8,727 | +€6,880 | +372% |
| Plant, machinery and equipment | 23 | €0 | €4,819 | +€4,819 | |
| Furniture and vehicles | 24 | €1,847 | €3,908 | +€2,061 | +112% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €40,898 | €40,898 | = | 0.0% |
| Current assets | 29/58 | €306,921 | €407,790 | +€100,869 | +32.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €275,128 | €278,811 | +€3,682 | +1.3% |
| Trade receivables | 40 | €269,558 | €274,005 | +€4,447 | +1.6% |
| Other amounts receivable | 41 | €5,571 | €4,806 | -€764 | -13.7% |
| Cash at bank and in hand | 54/58 | €1,793 | €98,131 | +€96,338 | +5,373% |
| Deferred charges and accrued income | 490/1 | €0 | €849 | +€849 | |
| Total equity and liabilities | 10/49 | €349,666 | €457,416 | +€107,749 | +30.8% |
| Equity | 10/15 | €268,717 | €335,080 | +€66,363 | +24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262,517 | €328,880 | +€66,363 | +25.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €20,250 | €20,250 | = | 0.0% |
| Distributable reserves | 133 | €240,407 | €308,630 | +€68,223 | +28.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €80,949 | €122,336 | +€41,386 | +51.1% |
| Amounts payable within one year | 42/48 | €79,449 | €120,836 | +€41,386 | +52.1% |
| Trade debts | 44 | €1,140 | €2,593 | +€1,453 | +127% |
| Suppliers | 440/4 | €1,140 | €2,593 | +€1,453 | +127% |
| Taxes, remuneration and social security | 45 | €31,620 | €59,602 | +€27,983 | +88.5% |
| Taxes | 450/3 | €31,620 | €59,602 | +€27,983 | +88.5% |
| Other amounts payable | 47/48 | €46,690 | €58,640 | +€11,951 | +25.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €1,279 | +€470 | +58.1% |
| Other operating charges | 640/8 | €654 | €449 | -€205 | -31.3% |
| Non-recurring operating charges | 66A | €502 | €0 | -€502 | -100% |
| Gross operating margin | 9900 | €80,709 | €136,263 | +€55,555 | +68.8% |
| Operating profit (loss) | 9901 | €78,744 | €134,535 | +€55,791 | +70.9% |
| Financial income | 75/76B | €7,226 | €5,233 | -€1,993 | -27.6% |
| Recurring financial income | 75 | €7,226 | €5,233 | -€1,993 | -27.6% |
| Financial charges | 65/66B | €243 | €218 | -€25 | -10.3% |
| Recurring financial charges | 65 | €243 | €218 | -€25 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €85,726 | €139,550 | +€53,824 | +62.8% |
| Income taxes | 67/77 | €23,543 | €41,144 | +€17,601 | +74.8% |
| Profit (loss) for the period | 9904 | €62,184 | €98,406 | +€36,222 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,184 | €98,406 | +€36,222 | +58.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.