N&G BAT: 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&G BAT
Largest movements
- Receivables within one year +€75,038
up €75,038 (+1,191%), from €6,298 to €81,336
of which Trade receivables: +€64,113
- Tangible fixed assets -€13,000
down €13,000 (-74.2%), from €17,523 to €4,523
- Cash -€3,311
down €3,311 (-89.8%), from €3,687 to €376
- Other debts +€31,316
new in 2025: €31,316
- Trade debts +€21,182
up €21,182 (+4,000%), from €530 to €21,712
- Profit (loss) carried forward +€12,341
up €12,341 (+155%), from €7,980 to €20,322
- Debts after one year -€12,103
no longer reported in 2025 (was €12,103)
- Tax, wage and social debts +€3,797
up €3,797 (+174%), from €2,181 to €5,979
- Turnover +€155,895
new in 2025: €155,895
- Purchases and services +€139,259
new in 2025: €139,259
- Gross operating margin -€4,123
down €4,123 (-18.6%), from €22,168 to €18,045
- Depreciation -€4,043
down €4,043 (-38.3%), from €10,543 to €6,500
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,645 | €86,553 | +€58,908 | +213% |
| Fixed assets | 21/28 | €17,523 | €4,523 | -€13,000 | -74.2% |
| Tangible fixed assets | 22/27 | €17,523 | €4,523 | -€13,000 | -74.2% |
| Furniture and vehicles | 24 | €17,523 | €4,523 | -€13,000 | -74.2% |
| Current assets | 29/58 | €10,122 | €82,030 | +€71,908 | +710% |
| Amounts receivable within one year | 40/41 | €6,298 | €81,336 | +€75,038 | +1,191% |
| Trade receivables | 40 | €2,627 | €66,740 | +€64,113 | +2,441% |
| Other amounts receivable | 41 | €3,671 | €14,596 | +€10,924 | +298% |
| Cash at bank and in hand | 54/58 | €3,687 | €376 | -€3,311 | -89.8% |
| Deferred charges and accrued income | 490/1 | €137 | €317 | +€180 | +132% |
| Total equity and liabilities | 10/49 | €27,645 | €86,553 | +€58,908 | +213% |
| Equity | 10/15 | €7,980 | €20,322 | +€12,341 | +155% |
| Profit (loss) carried forward | 14 | €7,980 | €20,322 | +€12,341 | +155% |
| Amounts payable | 17/49 | €19,665 | €66,231 | +€46,566 | +237% |
| Amounts payable after more than one year | 17 | €12,103 | - | -€12,103 | |
| Financial debts | 170/4 | €12,103 | - | -€12,103 | |
| Amounts payable within one year | 42/48 | €7,562 | €66,231 | +€58,669 | +776% |
| Current portion of amounts payable after more than one year | 42 | €4,851 | €7,225 | +€2,374 | +48.9% |
| Trade debts | 44 | €530 | €21,712 | +€21,182 | +4,000% |
| Suppliers | 440/4 | €530 | €21,712 | +€21,182 | +4,000% |
| Taxes, remuneration and social security | 45 | €2,181 | €5,979 | +€3,797 | +174% |
| Taxes | 450/3 | €2,181 | €5,979 | +€3,797 | +174% |
| Other amounts payable | 47/48 | - | €31,316 | +€31,316 | |
| Turnover | 70 | - | €155,895 | +€155,895 | |
| Non-recurring operating income | 76A | - | €1,408 | +€1,408 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €139,259 | +€139,259 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,543 | €6,500 | -€4,043 | -38.3% |
| Other operating charges | 640/8 | €317 | €199 | -€118 | -37.2% |
| Gross operating margin | 9900 | €22,168 | €18,045 | -€4,123 | -18.6% |
| Operating profit (loss) | 9901 | €11,308 | €11,346 | +€38 | +0.3% |
| Financial charges | 65/66B | €1,146 | €120 | -€1,026 | -89.5% |
| Recurring financial charges | 65 | €1,146 | €120 | -€1,026 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €10,162 | €11,226 | +€1,064 | +10.5% |
| Income taxes | 67/77 | €2,181 | €2,468 | +€287 | +13.1% |
| Profit (loss) for the period | 9904 | €7,980 | €8,758 | +€777 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,980 | €8,758 | +€777 | +9.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.