N.B.M.: 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.M.
Largest movements
- Receivables within one year -€4,296
down €4,296 (-23.0%), from €18,659 to €14,362
of which Trade receivables: -€4,567
- Cash +€3,737
up €3,737 (+161.0%), from €2,321 to €6,057
mainly Trade debts (+€5,118) and Receivables within one year (+€4,296)
- Stocks and contracts +€1,840
up €1,840 (+9.4%), from €19,610 to €21,450
- Tangible fixed assets -€633
down €633 (-37.9%), from €1,670 to €1,037
- Other debts -€7,535
down €7,535 (-5.6%), from €133,955 to €126,420
- Trade debts +€5,118
up €5,118 (+260.5%), from €1,965 to €7,083
- Tax, wage and social debts +€2,248
up €2,248 (+100.6%), from €2,234 to €4,482
- Profit (loss) carried forward +€761
up €761 (+0.7%), from -€106,408 to -€105,648
- Gross operating margin +€6,820
up €6,820 (+472.4%), from €1,444 to €8,264
- Other operating charges +€3,309
up €3,309 (+1266.9%), from €261 to €3,571
- Taxes +€2,349
new in 2025: €2,349
- Financial charges +€527
up €527 (+124.1%), from €424 to €951
- Depreciation +€403
up €403 (+175.2%), from €230 to €633
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 | €42,745 | €43,337 | +€592 | +1.4% |
| Fixed assets | 21/28 | €1,670 | €1,037 | -€633 | -37.9% |
| Tangible fixed assets | 22/27 | €1,670 | €1,037 | -€633 | -37.9% |
| Furniture and vehicles | 24 | €1,670 | €1,037 | -€633 | -37.9% |
| Current assets | 29/58 | €41,075 | €42,300 | +€1,225 | +3.0% |
| Stocks and contracts in progress | 3 | €19,610 | €21,450 | +€1,840 | +9.4% |
| Stocks | 30/36 | €19,610 | €21,450 | +€1,840 | +9.4% |
| Amounts receivable within one year | 40/41 | €18,659 | €14,362 | -€4,296 | -23.0% |
| Trade receivables | 40 | €18,296 | €13,729 | -€4,567 | -25.0% |
| Other amounts receivable | 41 | €363 | €633 | +€270 | +74.5% |
| Cash at bank and in hand | 54/58 | €2,321 | €6,057 | +€3,737 | +161.0% |
| Deferred charges and accrued income | 490/1 | €486 | €431 | -€55 | -11.3% |
| Total equity and liabilities | 10/49 | €42,745 | €43,337 | +€592 | +1.4% |
| Equity | 10/15 | -€95,408 | -€94,648 | +€761 | +0.8% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,408 | -€105,648 | +€761 | +0.7% |
| Amounts payable | 17/49 | €138,153 | €137,985 | -€169 | -0.1% |
| Amounts payable within one year | 42/48 | €138,153 | €137,985 | -€169 | -0.1% |
| Trade debts | 44 | €1,965 | €7,083 | +€5,118 | +260.5% |
| Suppliers | 440/4 | €1,965 | €7,083 | +€5,118 | +260.5% |
| Taxes, remuneration and social security | 45 | €2,234 | €4,482 | +€2,248 | +100.6% |
| Taxes | 450/3 | €2,234 | €4,482 | +€2,248 | +100.6% |
| Other amounts payable | 47/48 | €133,955 | €126,420 | -€7,535 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230 | €633 | +€403 | +175.2% |
| Other operating charges | 640/8 | €261 | €3,571 | +€3,309 | +1266.9% |
| Gross operating margin | 9900 | €1,444 | €8,264 | +€6,820 | +472.4% |
| Operating profit (loss) | 9901 | €952 | €4,060 | +€3,108 | +326.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €424 | €951 | +€527 | +124.1% |
| Recurring financial charges | 65 | €424 | €951 | +€527 | +124.1% |
| Profit (loss) for the period before taxes | 9903 | €531 | €3,109 | +€2,578 | +485.6% |
| Income taxes | 67/77 | - | €2,349 | +€2,349 | |
| Profit (loss) for the period | 9904 | €531 | €761 | +€230 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €531 | €761 | +€230 | +43.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.