N 60: 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.
N 60
Largest movements
- Tangible fixed assets +€53,858
up €53,858 (+8265.9%), from €652 to €54,510
of which Plant, machinery and equipment: +€51,077
- Receivables within one year +€29,006
up €29,006 (+1487.2%), from €1,950 to €30,956
of which Other amounts receivable: +€26,143
- Cash +€21,517
up €21,517 (+12704.7%), from €169 to €21,686
mainly Debts after one year (+€32,561) and Net result for the year (+€25,138)
- Stocks and contracts +€1,582
up €1,582 (+64.0%), from €2,472 to €4,053
- Debts after one year +€32,561
new in 2025: €32,561
- Profit (loss) carried forward +€25,138
up €25,138, from -€355 to €24,783
- Trade debts +€21,654
up €21,654 (+1012.2%), from €2,139 to €23,794
- Current portion of long-term debt +€9,046
new in 2025: €9,046
- Contributions +€6,200
new in 2025: €6,200
- Gross operating margin +€32,479
up €32,479 (+55.1%), from €58,994 to €91,473
- Staff costs -€10,878
down €10,878 (-18.1%), from €59,975 to €49,098
- Depreciation +€9,811
up €9,811 (+21079.8%), from €47 to €9,857
- Financial charges +€4,863
up €4,863 (+2655.2%), from €183 to €5,046
- Taxes +€1,417
new in 2025: €1,417
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 | €6,476 | €111,355 | +€104,880 | +1619.6% |
| Fixed assets | 21/28 | €802 | €54,660 | +€53,858 | +6719.1% |
| Tangible fixed assets | 22/27 | €652 | €54,510 | +€53,858 | +8265.9% |
| Plant, machinery and equipment | 23 | €652 | €51,728 | +€51,077 | +7839.0% |
| Other tangible fixed assets | 26 | - | €2,782 | +€2,782 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €5,674 | €56,696 | +€51,021 | +899.2% |
| Stocks and contracts in progress | 3 | €2,472 | €4,053 | +€1,582 | +64.0% |
| Stocks | 30/36 | €2,472 | €4,053 | +€1,582 | +64.0% |
| Amounts receivable within one year | 40/41 | €1,950 | €30,956 | +€29,006 | +1487.2% |
| Trade receivables | 40 | €1,950 | €4,813 | +€2,862 | +146.8% |
| Other amounts receivable | 41 | - | €26,143 | +€26,143 | |
| Cash at bank and in hand | 54/58 | €169 | €21,686 | +€21,517 | +12704.7% |
| Deferred charges and accrued income | 490/1 | €1,083 | €0 | -€1,083 | -100.0% |
| Total equity and liabilities | 10/49 | €6,476 | €111,355 | +€104,880 | +1619.6% |
| Equity | 10/15 | -€355 | €30,983 | +€31,338 | |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€355 | €24,783 | +€25,138 | |
| Amounts payable | 17/49 | €6,830 | €80,372 | +€73,542 | +1076.7% |
| Amounts payable after more than one year | 17 | - | €32,561 | +€32,561 | |
| Financial debts | 170/4 | - | €32,561 | +€32,561 | |
| Amounts payable within one year | 42/48 | €6,830 | €45,311 | +€38,481 | +563.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,046 | +€9,046 | |
| Financial debts | 43 | €11 | €0 | -€11 | -100.0% |
| Credit institutions | 430/8 | €11 | €0 | -€11 | -100.0% |
| Trade debts | 44 | €2,139 | €23,794 | +€21,654 | +1012.2% |
| Suppliers | 440/4 | €2,139 | €23,794 | +€21,654 | +1012.2% |
| Taxes, remuneration and social security | 45 | €4,680 | €6,414 | +€1,733 | +37.0% |
| Taxes | 450/3 | €1,492 | €1,417 | -€74 | -5.0% |
| Remuneration and social security | 454/9 | €3,189 | €4,996 | +€1,807 | +56.7% |
| Other amounts payable | 47/48 | - | €6,058 | +€6,058 | |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €59,975 | €49,098 | -€10,878 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €9,857 | +€9,811 | +21079.8% |
| Other operating charges | 640/8 | €1,443 | €918 | -€525 | -36.4% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €58,994 | €91,473 | +€32,479 | +55.1% |
| Operating profit (loss) | 9901 | -€2,471 | €31,601 | +€34,072 | |
| Financial charges | 65/66B | €183 | €5,046 | +€4,863 | +2655.2% |
| Recurring financial charges | 65 | €183 | €5,046 | +€4,863 | +2655.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,654 | €26,555 | +€29,209 | |
| Income taxes | 67/77 | - | €1,417 | +€1,417 | |
| Profit (loss) for the period | 9904 | -€2,654 | €25,138 | +€27,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,654 | €25,138 | +€27,792 |
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 11 October 2026 via checked.be.