BM - NS: 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.
BM - NS
Largest movements
- Cash -€15,778
down €15,778 (-55.0%), from €28,706 to €12,928
mainly Other debts (-€29,007) and Receivables within one year (-€4,770)
- Tangible fixed assets -€6,148
down €6,148 (-73.1%), from €8,406 to €2,258
- Receivables within one year +€4,770
up €4,770 (+40.6%), from €11,760 to €16,531
of which Trade receivables: +€5,027
- Other debts -€29,007
down €29,007 (-50.6%), from €57,310 to €28,302
- Profit (loss) carried forward +€11,002
up €11,002 (+48.8%), from -€22,558 to -€11,556
- Tax, wage and social debts +€1,038
new in 2025: €1,038
- Gross operating margin -€5,424
down €5,424 (-23.8%), from €22,793 to €17,368
- Financial charges -€529
down €529 (-68.4%), from €773 to €244
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 | €78,098 | €60,943 | -€17,156 | -22.0% |
| Fixed assets | 21/28 | €8,406 | €2,258 | -€6,148 | -73.1% |
| Tangible fixed assets | 22/27 | €8,406 | €2,258 | -€6,148 | -73.1% |
| Furniture and vehicles | 24 | €8,406 | €2,258 | -€6,148 | -73.1% |
| Current assets | 29/58 | €69,693 | €58,685 | -€11,008 | -15.8% |
| Stocks and contracts in progress | 3 | €29,226 | €29,226 | = | 0.0% |
| Stocks | 30/36 | €29,226 | €29,226 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,760 | €16,531 | +€4,770 | +40.6% |
| Trade receivables | 40 | €11,504 | €16,531 | +€5,027 | +43.7% |
| Other amounts receivable | 41 | €257 | - | -€257 | |
| Cash at bank and in hand | 54/58 | €28,706 | €12,928 | -€15,778 | -55.0% |
| Total equity and liabilities | 10/49 | €78,098 | €60,943 | -€17,156 | -22.0% |
| Equity | 10/15 | €17,477 | €28,479 | +€11,002 | +63.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,443 | €21,443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,443 | €21,443 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €19,584 | €19,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,558 | -€11,556 | +€11,002 | +48.8% |
| Amounts payable | 17/49 | €60,622 | €32,464 | -€28,158 | -46.4% |
| Amounts payable within one year | 42/48 | €60,622 | €32,464 | -€28,158 | -46.4% |
| Trade debts | 44 | €3,312 | €3,123 | -€189 | -5.7% |
| Suppliers | 440/4 | €3,312 | €3,123 | -€189 | -5.7% |
| Taxes, remuneration and social security | 45 | - | €1,038 | +€1,038 | |
| Taxes | 450/3 | - | €1,038 | +€1,038 | |
| Other amounts payable | 47/48 | €57,310 | €28,302 | -€29,007 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,247 | €6,148 | -€99 | -1.6% |
| Other operating charges | 640/8 | €87 | €149 | +€62 | +71.4% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €22,793 | €17,368 | -€5,424 | -23.8% |
| Operating profit (loss) | 9901 | €16,409 | €11,072 | -€5,337 | -32.5% |
| Financial income | 75/76B | €339 | €174 | -€165 | -48.6% |
| Recurring financial income | 75 | €339 | €174 | -€165 | -48.6% |
| Financial charges | 65/66B | €773 | €244 | -€529 | -68.4% |
| Recurring financial charges | 65 | €773 | €244 | -€529 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €15,975 | €11,002 | -€4,973 | -31.1% |
| Profit (loss) for the period | 9904 | €15,975 | €11,002 | -€4,973 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,975 | €11,002 | -€4,973 | -31.1% |
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 12 October 2026 via checked.be.