N.B.G.: 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.B.G.
Largest movements
- Cash -€59,576
down €59,576 (-60.2%), from €98,920 to €39,345
mainly Net result for the year (-€81,086) and Investment in fixed assets (net) (-€27,648)
- Receivables after one year -€58,600
down €58,600 (-22.7%), from €258,600 to €200,000
- Tangible fixed assets +€25,486
up €25,486 (+11.5%), from €222,132 to €247,618
of which Furniture and vehicles: +€20,382
- Profit (loss) carried forward -€81,086
down €81,086 (-188%), from -€43,151 to -€124,237
- Other debts -€15,158
down €15,158 (-11.1%), from €136,338 to €121,180
- Financial charges +€120,566
up €120,566 (+1,747%), from €6,901 to €127,467
- Gross operating margin -€42,726
down €42,726 (-44.7%), from €95,538 to €52,811
- Financial income -€7,445
down €7,445 (-98.1%), from €7,590 to €145
- Taxes -€7,139
down €7,139 (-76.9%), from €9,283 to €2,144
- Depreciation -€1,090
down €1,090 (-33.5%), from €3,252 to €2,162
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 | €985,970 | €889,626 | -€96,344 | -9.8% |
| Fixed assets | 21/28 | €622,132 | €647,618 | +€25,486 | +4.1% |
| Tangible fixed assets | 22/27 | €222,132 | €247,618 | +€25,486 | +11.5% |
| Land and buildings | 22 | €216,936 | €216,936 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €3,156 | +€3,156 | |
| Furniture and vehicles | 24 | €2,794 | €23,176 | +€20,382 | +730% |
| Other tangible fixed assets | 26 | €2,402 | €4,350 | +€1,948 | +81.1% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €363,838 | €242,008 | -€121,830 | -33.5% |
| Amounts receivable after more than one year | 29 | €258,600 | €200,000 | -€58,600 | -22.7% |
| Other amounts receivable | 291 | €258,600 | €200,000 | -€58,600 | -22.7% |
| Amounts receivable within one year | 40/41 | €5,153 | €1,763 | -€3,390 | -65.8% |
| Trade receivables | 40 | €813 | €1,763 | +€951 | +117% |
| Other amounts receivable | 41 | €4,340 | - | -€4,340 | |
| Cash at bank and in hand | 54/58 | €98,920 | €39,345 | -€59,576 | -60.2% |
| Deferred charges and accrued income | 490/1 | €1,165 | €900 | -€265 | -22.7% |
| Total equity and liabilities | 10/49 | €985,970 | €889,626 | -€96,344 | -9.8% |
| Equity | 10/15 | €815,823 | €734,737 | -€81,086 | -9.9% |
| Contributions | 10/11 | €14,882 | €14,882 | = | 0.0% |
| Reserves | 13 | €844,092 | €844,092 | = | 0.0% |
| Distributable reserves | 133 | €844,092 | €844,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,151 | -€124,237 | -€81,086 | -188% |
| Amounts payable | 17/49 | €170,147 | €154,889 | -€15,259 | -9.0% |
| Amounts payable within one year | 42/48 | €170,147 | €154,889 | -€15,259 | -9.0% |
| Trade debts | 44 | €1,651 | - | -€1,651 | |
| Suppliers | 440/4 | €1,651 | - | -€1,651 | |
| Taxes, remuneration and social security | 45 | €32,158 | €33,708 | +€1,550 | +4.8% |
| Taxes | 450/3 | €32,158 | €33,708 | +€1,550 | +4.8% |
| Other amounts payable | 47/48 | €136,338 | €121,180 | -€15,158 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,252 | €2,162 | -€1,090 | -33.5% |
| Other operating charges | 640/8 | €1,823 | €2,268 | +€446 | +24.5% |
| Gross operating margin | 9900 | €95,538 | €52,811 | -€42,726 | -44.7% |
| Operating profit (loss) | 9901 | €90,463 | €48,381 | -€42,082 | -46.5% |
| Financial income | 75/76B | €7,590 | €145 | -€7,445 | -98.1% |
| Recurring financial income | 75 | €7,590 | €145 | -€7,445 | -98.1% |
| Financial charges | 65/66B | €6,901 | €127,467 | +€120,566 | +1,747% |
| Recurring financial charges | 65 | €6,901 | €127,467 | +€120,566 | +1,747% |
| Profit (loss) for the period before taxes | 9903 | €91,152 | -€78,942 | -€170,094 | |
| Income taxes | 67/77 | €9,283 | €2,144 | -€7,139 | -76.9% |
| Profit (loss) for the period | 9904 | €81,869 | -€81,086 | -€162,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,869 | -€81,086 | -€162,954 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.