N&E Invest: 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&E Invest
Largest movements
- Tangible fixed assets -€13,043
down €13,043 (-3.8%), from €342,624 to €329,581
of which Land and buildings: -€10,243
- Cash -€6,034
down €6,034 (-39.9%), from €15,114 to €9,080
mainly Debts after one year (-€12,929) and Other debts (-€3,000)
- Debts after one year -€12,929
down €12,929 (-5.3%), from €241,665 to €228,736
- Financial charges -€57,995
down €57,995 (-93.7%), from €61,877 to €3,881
- Purchases and services -€21,229
down €21,229 (-17.8%), from €119,043 to €97,814
- Turnover -€8,000
down €8,000 (-8.3%), from €96,000 to €88,000
- Gross operating margin -€2,429
down €2,429 (-11.3%), from €21,561 to €19,133
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 | €358,673 | €340,456 | -€18,217 | -5.1% |
| Fixed assets | 21/28 | €342,624 | €329,581 | -€13,043 | -3.8% |
| Tangible fixed assets | 22/27 | €342,624 | €329,581 | -€13,043 | -3.8% |
| Land and buildings | 22 | €326,333 | €316,091 | -€10,243 | -3.1% |
| Furniture and vehicles | 24 | €4,024 | €2,936 | -€1,087 | -27.0% |
| Other tangible fixed assets | 26 | €12,267 | €10,554 | -€1,713 | -14.0% |
| Current assets | 29/58 | €16,049 | €10,874 | -€5,175 | -32.2% |
| Amounts receivable within one year | 40/41 | €48 | €360 | +€312 | +644% |
| Other amounts receivable | 41 | €48 | €360 | +€312 | +644% |
| Cash at bank and in hand | 54/58 | €15,114 | €9,080 | -€6,034 | -39.9% |
| Deferred charges and accrued income | 490/1 | €887 | €1,435 | +€548 | +61.8% |
| Total equity and liabilities | 10/49 | €358,673 | €340,456 | -€18,217 | -5.1% |
| Equity | 10/15 | €25,861 | €25,933 | +€73 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,861 | €20,933 | +€73 | +0.3% |
| Amounts payable | 17/49 | €332,812 | €314,522 | -€18,290 | -5.5% |
| Amounts payable after more than one year | 17 | €241,665 | €228,736 | -€12,929 | -5.3% |
| Financial debts | 170/4 | €241,665 | €228,736 | -€12,929 | -5.3% |
| Amounts payable within one year | 42/48 | €91,147 | €85,786 | -€5,362 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €12,736 | €12,929 | +€193 | +1.5% |
| Trade debts | 44 | €722 | €1,032 | +€310 | +42.9% |
| Suppliers | 440/4 | €722 | €1,032 | +€310 | +42.9% |
| Taxes, remuneration and social security | 45 | €8,337 | €5,472 | -€2,865 | -34.4% |
| Taxes | 450/3 | €8,337 | €5,472 | -€2,865 | -34.4% |
| Other amounts payable | 47/48 | €69,353 | €66,353 | -€3,000 | -4.3% |
| Turnover | 70 | €96,000 | €88,000 | -€8,000 | -8.3% |
| Non-recurring operating income | 76A | €44,605 | - | -€44,605 | |
| Goods, raw materials, services and sundry goods | 60/61 | €119,043 | €97,814 | -€21,229 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,900 | €13,043 | +€143 | +1.1% |
| Other operating charges | 640/8 | €1,077 | €1,100 | +€23 | +2.1% |
| Gross operating margin | 9900 | €21,561 | €19,133 | -€2,429 | -11.3% |
| Operating profit (loss) | 9901 | €7,584 | €4,990 | -€2,594 | -34.2% |
| Financial charges | 65/66B | €61,877 | €3,881 | -€57,995 | -93.7% |
| Recurring financial charges | 65 | €61,877 | €3,881 | -€57,995 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,293 | €1,108 | +€55,401 | |
| Income taxes | 67/77 | €137 | €1,035 | +€899 | +658% |
| Profit (loss) for the period | 9904 | -€54,429 | €73 | +€54,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,429 | €73 | +€54,502 |
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 29 October 2026 via checked.be.