N. CODE: what changed
Two fiscal 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. CODE
Largest movements
- Cash +€47,794
up €47,794 (+39.3%), from €121,534 to €169,328
mainly Net result for the year (+€67,447) and Receivables within one year (+€17,209)
- Receivables within one year -€17,209
down €17,209 (-48.0%), from €35,843 to €18,634
of which Other amounts receivable: -€18,419
- Tangible fixed assets +€4,492
up €4,492 (+138.1%), from €3,253 to €7,745
- Deferred charges and accrued income +€2,511
up €2,511 (+365.5%), from €687 to €3,198
- Profit (loss) carried forward +€67,447
up €67,447 (+195.3%), from €34,540 to €101,987
- Other debts -€44,283
down €44,283 (-88.7%), from €49,900 to €5,617
- Contributions +€6,150
up €6,150 (+49.6%), from €12,400 to €18,550
- Tax, wage and social debts +€3,552
up €3,552 (+26.9%), from €13,228 to €16,781
of which Remuneration and social security: +€3,045
- Provisions +€3,208
up €3,208 (+6.8%), from €47,104 to €50,312
- Gross operating margin +€16,852
up €16,852 (+21.2%), from €79,646 to €96,498
- Taxes +€5,467
up €5,467 (+28.6%), from €19,142 to €24,609
- Depreciation -€4,538
down €4,538 (-83.7%), from €5,418 to €881
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 | €161,317 | €198,906 | +€37,589 | +23.3% |
| Fixed assets | 21/28 | €3,253 | €7,745 | +€4,492 | +138.1% |
| Tangible fixed assets | 22/27 | €3,253 | €7,745 | +€4,492 | +138.1% |
| Furniture and vehicles | 24 | €3,253 | €7,745 | +€4,492 | +138.1% |
| Current assets | 29/58 | €158,064 | €191,160 | +€33,096 | +20.9% |
| Amounts receivable within one year | 40/41 | €35,843 | €18,634 | -€17,209 | -48.0% |
| Trade receivables | 40 | €17,424 | €18,634 | +€1,210 | +6.9% |
| Other amounts receivable | 41 | €18,419 | - | -€18,419 | |
| Cash at bank and in hand | 54/58 | €121,534 | €169,328 | +€47,794 | +39.3% |
| Deferred charges and accrued income | 490/1 | €687 | €3,198 | +€2,511 | +365.5% |
| Total equity and liabilities | 10/49 | €161,317 | €198,906 | +€37,589 | +23.3% |
| Equity | 10/15 | €46,940 | €120,537 | +€73,597 | +156.8% |
| Contributions | 10/11 | €12,400 | €18,550 | +€6,150 | +49.6% |
| Profit (loss) carried forward | 14 | €34,540 | €101,987 | +€67,447 | +195.3% |
| Provisions and deferred taxes | 16 | €47,104 | €50,312 | +€3,208 | +6.8% |
| Provisions for liabilities and charges | 160/5 | €47,104 | €50,312 | +€3,208 | +6.8% |
| Other liabilities and charges | 164/5 | €47,104 | €50,312 | +€3,208 | +6.8% |
| Amounts payable | 17/49 | €67,273 | €28,056 | -€39,217 | -58.3% |
| Amounts payable within one year | 42/48 | €67,273 | €27,905 | -€39,368 | -58.5% |
| Trade debts | 44 | €4,145 | €5,508 | +€1,363 | +32.9% |
| Suppliers | 440/4 | €4,145 | €5,508 | +€1,363 | +32.9% |
| Taxes, remuneration and social security | 45 | €13,228 | €16,781 | +€3,552 | +26.9% |
| Taxes | 450/3 | €13,228 | €13,736 | +€507 | +3.8% |
| Remuneration and social security | 454/9 | - | €3,045 | +€3,045 | |
| Other amounts payable | 47/48 | €49,900 | €5,617 | -€44,283 | -88.7% |
| Accrued charges and deferred income | 492/3 | - | €151 | +€151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,418 | €881 | -€4,538 | -83.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €87 | - | -€87 | |
| Gross operating margin | 9900 | €79,646 | €96,498 | +€16,852 | +21.2% |
| Operating profit (loss) | 9901 | €73,757 | €95,230 | +€21,473 | +29.1% |
| Financial income | 75/76B | €425 | €128 | -€298 | -70.0% |
| Recurring financial income | 75 | €425 | €128 | -€298 | -70.0% |
| Financial charges | 65/66B | €3,152 | €3,301 | +€149 | +4.7% |
| Recurring financial charges | 65 | €3,152 | €3,188 | +€35 | +1.1% |
| Non-recurring financial charges | 66B | - | €114 | +€114 | |
| Profit (loss) for the period before taxes | 9903 | €71,030 | €92,057 | +€21,027 | +29.6% |
| Income taxes | 67/77 | €19,142 | €24,609 | +€5,467 | +28.6% |
| Profit (loss) for the period | 9904 | €51,888 | €67,447 | +€15,560 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,888 | €67,447 | +€15,560 | +30.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.