BE-NUC: 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.
BE-NUC
Largest movements
- Tangible fixed assets +€432.9m
up €432.9m (+223.1%), from €194.1m to €627.0m
of which Plant, machinery and equipment: +€521.5m
- Cash +€134.3m
up €134.3m (+13599464.0%), from €988 to €134.4m
mainly Debts after one year (+€723.2m) and Net result for the year (+€138.2m)
- Stocks and contracts +€116.0m
new in 2025: €116.0m
- Receivables within one year +€68.0m
up €68.0m (+21666003.0%), from €314 to €68.0m
of which Other amounts receivable: +€45.7m
- Deferred charges and accrued income +€31.6m
new in 2025: €31.6m
- Debts after one year +€723.2m
new in 2025: €723.2m
- Other debts -€194.1m
no longer reported in 2025 (was €194.1m)
- Profit (loss) carried forward +€138.2m
up €138.2m, from -€10,145 to €138.2m
- Trade debts +€93.1m
up €93.1m (+1241407.4%), from €7,500 to €93.1m
- Accrued charges and deferred income +€11.8m
new in 2025: €11.8m
- Turnover +€401.6m
new in 2025: €401.6m
- Services and other goods +€126.0m
up €126.0m (+1243390.6%), from €10,133 to €126.0m
- Goods and materials +€71.5m
new in 2025: €71.5m
of which Purchases: +€187.5m
- Taxes +€37.8m
new in 2025: €37.8m
- Depreciation +€16.6m
new in 2025: €16.6m
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.
Cash bridge derived
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 | €194,072,302 | €976,916,537 | +€782.8m | +403.4% |
| Fixed assets | 21/28 | €194,071,000 | €627,005,827 | +€432.9m | +223.1% |
| Tangible fixed assets | 22/27 | €194,071,000 | €627,005,827 | +€432.9m | +223.1% |
| Land and buildings | 22 | - | €3,943,446 | +€3.9m | |
| Plant, machinery and equipment | 23 | - | €521,547,953 | +€521.5m | |
| Assets under construction and advance payments | 27 | €194,071,000 | €101,514,428 | -€92.6m | -47.7% |
| Current assets | 29/58 | €1,302 | €349,910,710 | +€349.9m | +26881782.4% |
| Stocks and contracts in progress | 3 | - | €116,011,980 | +€116.0m | |
| Stocks | 30/36 | - | €116,011,980 | +€116.0m | |
| Raw materials and consumables | 30/31 | - | €116,011,980 | +€116.0m | |
| Amounts receivable within one year | 40/41 | €314 | €67,979,565 | +€68.0m | +21666003.0% |
| Trade receivables | 40 | - | €22,297,307 | +€22.3m | |
| Other amounts receivable | 41 | €314 | €45,682,258 | +€45.7m | +14559518.2% |
| Cash at bank and in hand | 54/58 | €988 | €134,350,093 | +€134.3m | +13599464.0% |
| Deferred charges and accrued income | 490/1 | - | €31,569,072 | +€31.6m | |
| Total equity and liabilities | 10/49 | €194,072,302 | €976,916,537 | +€782.8m | +403.4% |
| Equity | 10/15 | -€9,145 | €148,191,526 | +€148.2m | |
| Contributions | 10/11 | €1,000 | €9,984,835 | +€10.0m | +998383.5% |
| Profit (loss) carried forward | 14 | -€10,145 | €138,206,691 | +€138.2m | |
| Amounts payable | 17/49 | €194,081,447 | €828,725,011 | +€634.6m | +327.0% |
| Amounts payable after more than one year | 17 | - | €723,158,205 | +€723.2m | |
| Financial debts | 170/4 | - | €723,158,205 | +€723.2m | |
| Subordinated loans | 170 | - | €88,563,658 | +€88.6m | |
| Other loans | 174 | - | €634,594,547 | +€634.6m | |
| Amounts payable within one year | 42/48 | €194,081,447 | €93,811,412 | -€100.3m | -51.7% |
| Trade debts | 44 | €7,500 | €93,113,054 | +€93.1m | +1241407.4% |
| Suppliers | 440/4 | €7,500 | €93,113,054 | +€93.1m | +1241407.4% |
| Taxes, remuneration and social security | 45 | - | €698,358 | +€698,358 | |
| Taxes | 450/3 | - | €575,388 | +€575,388 | |
| Remuneration and social security | 454/9 | - | €122,971 | +€122,971 | |
| Other amounts payable | 47/48 | €194,073,947 | - | -€194.1m | |
| Accrued charges and deferred income | 492/3 | - | €11,755,393 | +€11.8m | |
| Operating income | 70/76A | - | €401,577,153 | +€401.6m | |
| Turnover | 70 | - | €401,574,708 | +€401.6m | |
| Other operating income | 74 | - | €2,445 | +€2,445 | |
| Operating charges | 60/66A | €10,133 | €214,724,931 | +€214.7m | +2119007.6% |
| Goods for resale, raw materials and consumables | 60 | - | €71,476,613 | +€71.5m | |
| Purchases | 600/8 | - | €187,488,594 | +€187.5m | |
| Change in stocks: decrease (increase) | 609 | - | -€116,011,980 | -€116.0m | |
| Services and other goods | 61 | €10,133 | €126,000,418 | +€126.0m | +1243390.6% |
| Remuneration, social security and pensions | 62 | - | €607,414 | +€607,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16,640,435 | +€16.6m | |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Operating profit (loss) | 9901 | -€10,133 | €186,852,223 | +€186.9m | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12 | €10,849,452 | +€10.8m | +89664794.2% |
| Recurring financial charges | 65 | €12 | €10,849,452 | +€10.8m | +89664794.2% |
| Debt charges | 650 | €12 | €10,847,877 | +€10.8m | +89651775.4% |
| Other financial charges | 652/9 | - | €1,575 | +€1,575 | |
| Profit (loss) for the period before taxes | 9903 | -€10,145 | €176,002,770 | +€176.0m | |
| Income taxes | 67/77 | - | €37,785,935 | +€37.8m | |
| Taxes | 670/3 | - | €37,785,935 | +€37.8m | |
| Profit (loss) for the period | 9904 | -€10,145 | €138,216,836 | +€138.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,145 | €138,216,836 | +€138.2m |
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 10 October 2026 via checked.be.