N.B.S. RETAIL: 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.S. RETAIL
Largest movements
- Tangible fixed assets +€189,719
up €189,719 (+1,089%), from €17,418 to €207,136
of which Land and buildings: +€100,705
- Current investments +€155,853
up €155,853 (+978%), from €15,936 to €171,789
- Cash -€54,534
down €54,534 (-9.9%), from €551,127 to €496,592
mainly Investment in fixed assets (net) (-€208,789) and Current investments (-€155,853)
- Receivables within one year -€26,700
down €26,700 (-11.4%), from €233,409 to €206,709
of which Trade receivables: -€33,640
- Current portion of long-term debt +€263,355
new in 2025: €263,355
- Profit (loss) carried forward -€101,027
down €101,027 (-46.4%), from -€217,512 to -€318,539
- Debts after one year +€62,542
up €62,542 (+31.0%), from €201,590 to €264,132
- Accrued charges and deferred income +€43,126
new in 2025: €43,126
- Trade debts +€41,136
up €41,136 (+3.0%), from €1.3m to €1.4m
- Staff costs -€742,418
down €742,418 (-26.9%), from €2.8m to €2.0m
- Gross operating margin -€609,591
down €609,591 (-22.0%), from €2.8m to €2.2m
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 | €1,629,366 | €1,914,313 | +€284,948 | +17.5% |
| Formation expenses | 20 | - | €1,019 | +€1,019 | |
| Fixed assets | 21/28 | €31,701 | €217,685 | +€185,984 | +587% |
| Intangible fixed assets | 21 | €7,253 | €3,519 | -€3,735 | -51.5% |
| Tangible fixed assets | 22/27 | €17,418 | €207,136 | +€189,719 | +1,089% |
| Land and buildings | 22 | €5,560 | €106,265 | +€100,705 | +1,811% |
| Plant, machinery and equipment | 23 | €1,249 | €987 | -€261 | -20.9% |
| Furniture and vehicles | 24 | €10,610 | €84,884 | +€74,275 | +700% |
| Assets under construction and advance payments | 27 | - | €15,000 | +€15,000 | |
| Financial fixed assets | 28 | €7,030 | €7,030 | = | 0.0% |
| Current assets | 29/58 | €1,597,665 | €1,695,610 | +€97,945 | +6.1% |
| Stocks and contracts in progress | 3 | €768,442 | €781,144 | +€12,702 | +1.7% |
| Stocks | 30/36 | €768,442 | €781,144 | +€12,702 | +1.7% |
| Amounts receivable within one year | 40/41 | €233,409 | €206,709 | -€26,700 | -11.4% |
| Trade receivables | 40 | €232,811 | €199,172 | -€33,640 | -14.4% |
| Other amounts receivable | 41 | €598 | €7,538 | +€6,940 | +1,161% |
| Current investments | 50/53 | €15,936 | €171,789 | +€155,853 | +978% |
| Cash at bank and in hand | 54/58 | €551,127 | €496,592 | -€54,534 | -9.9% |
| Deferred charges and accrued income | 490/1 | €28,752 | €39,375 | +€10,623 | +36.9% |
| Total equity and liabilities | 10/49 | €1,629,366 | €1,914,313 | +€284,948 | +17.5% |
| Equity | 10/15 | -€197,512 | -€298,539 | -€101,027 | -51.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,512 | -€318,539 | -€101,027 | -46.4% |
| Amounts payable | 17/49 | €1,826,877 | €2,212,852 | +€385,975 | +21.1% |
| Amounts payable after more than one year | 17 | €201,590 | €264,132 | +€62,542 | +31.0% |
| Financial debts | 170/4 | €201,590 | €264,132 | +€62,542 | +31.0% |
| Amounts payable within one year | 42/48 | €1,625,287 | €1,905,594 | +€280,306 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | - | €263,355 | +€263,355 | |
| Trade debts | 44 | €1,349,169 | €1,390,305 | +€41,136 | +3.0% |
| Suppliers | 440/4 | €1,349,169 | €1,390,305 | +€41,136 | +3.0% |
| Taxes, remuneration and social security | 45 | €276,119 | €251,891 | -€24,228 | -8.8% |
| Taxes | 450/3 | €1,582 | - | -€1,582 | |
| Remuneration and social security | 454/9 | €274,536 | €251,891 | -€22,645 | -8.2% |
| Other amounts payable | 47/48 | - | €43 | +€43 | |
| Accrued charges and deferred income | 492/3 | - | €43,126 | +€43,126 | |
| Remuneration, social security and pensions | 62 | €2,757,323 | €2,014,905 | -€742,418 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,332 | €21,786 | +€19,455 | +834% |
| Other operating charges | 640/8 | €66,567 | €65,116 | -€1,451 | -2.2% |
| Non-recurring operating charges | 66A | €304 | €584 | +€280 | +92.0% |
| Gross operating margin | 9900 | €2,770,026 | €2,160,435 | -€609,591 | -22.0% |
| Operating profit (loss) | 9901 | -€56,500 | €58,044 | +€114,543 | |
| Financial income | 75/76B | €1,991 | €1,488 | -€503 | -25.3% |
| Recurring financial income | 75 | €1,991 | €1,488 | -€503 | -25.3% |
| Financial charges | 65/66B | €163,003 | €160,558 | -€2,445 | -1.5% |
| Recurring financial charges | 65 | €163,003 | €160,558 | -€2,445 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€217,512 | -€101,027 | +€116,485 | +53.6% |
| Profit (loss) for the period | 9904 | -€217,512 | -€101,027 | +€116,485 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€217,512 | -€101,027 | +€116,485 | +53.6% |
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.