IL NABUCCO: 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.
IL NABUCCO
Largest movements
- Receivables within one year -€10,062
down €10,062 (-80.4%), from €12,516 to €2,455
of which Other amounts receivable: -€5,926
- Tangible fixed assets -€4,220
down €4,220 (-19.0%), from €22,255 to €18,035
of which Plant, machinery and equipment: -€3,469
- Cash +€4,208
up €4,208 (+91.9%), from €4,580 to €8,788
mainly Receivables within one year (+€10,062) and Depreciation (+€4,220)
- Trade debts -€10,879
down €10,879 (-77.5%), from €14,031 to €3,151
- Tax, wage and social debts +€2,822
up €2,822 (+36.5%), from €7,721 to €10,543
- Profit (loss) carried forward -€2,017
down €2,017 (-207%), from -€975 to -€2,992
- Gross operating margin -€3,093
down €3,093 (-9.6%), from €32,376 to €29,283
- Staff costs -€2,330
down €2,330 (-8.2%), from €28,571 to €26,241
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 | €44,861 | €34,787 | -€10,074 | -22.5% |
| Fixed assets | 21/28 | €22,565 | €18,345 | -€4,220 | -18.7% |
| Tangible fixed assets | 22/27 | €22,255 | €18,035 | -€4,220 | -19.0% |
| Plant, machinery and equipment | 23 | €20,270 | €16,801 | -€3,469 | -17.1% |
| Furniture and vehicles | 24 | €1,985 | €1,234 | -€752 | -37.9% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €22,296 | €16,443 | -€5,854 | -26.3% |
| Stocks and contracts in progress | 3 | €5,200 | €5,200 | = | 0.0% |
| Stocks | 30/36 | €5,200 | €5,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,516 | €2,455 | -€10,062 | -80.4% |
| Trade receivables | 40 | €4,136 | - | -€4,136 | |
| Other amounts receivable | 41 | €8,381 | €2,455 | -€5,926 | -70.7% |
| Cash at bank and in hand | 54/58 | €4,580 | €8,788 | +€4,208 | +91.9% |
| Total equity and liabilities | 10/49 | €44,861 | €34,787 | -€10,074 | -22.5% |
| Equity | 10/15 | €7,385 | €5,368 | -€2,017 | -27.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Capital | 10 | €6,500 | €6,500 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,100 | €12,100 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€975 | -€2,992 | -€2,017 | -207% |
| Amounts payable | 17/49 | €37,476 | €29,419 | -€8,057 | -21.5% |
| Amounts payable within one year | 42/48 | €37,476 | €29,419 | -€8,057 | -21.5% |
| Trade debts | 44 | €14,031 | €3,151 | -€10,879 | -77.5% |
| Suppliers | 440/4 | €14,031 | €3,151 | -€10,879 | -77.5% |
| Taxes, remuneration and social security | 45 | €7,721 | €10,543 | +€2,822 | +36.5% |
| Remuneration and social security | 454/9 | €7,721 | €10,543 | +€2,822 | +36.5% |
| Other amounts payable | 47/48 | €15,724 | €15,724 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €28,571 | €26,241 | -€2,330 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,388 | €4,220 | -€168 | -3.8% |
| Other operating charges | 640/8 | €85 | €400 | +€315 | +370% |
| Gross operating margin | 9900 | €32,376 | €29,283 | -€3,093 | -9.6% |
| Operating profit (loss) | 9901 | -€668 | -€1,578 | -€910 | -136% |
| Financial charges | 65/66B | €579 | €439 | -€140 | -24.2% |
| Recurring financial charges | 65 | €579 | €439 | -€140 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,247 | -€2,017 | -€770 | -61.7% |
| Profit (loss) for the period | 9904 | -€1,247 | -€2,017 | -€770 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,247 | -€2,017 | -€770 | -61.7% |
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 26 October 2026 via checked.be.