N.H.: 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.H.
Largest movements
- Cash +€192,898
up €192,898 (+118.7%), from €162,541 to €355,439
mainly Investment in fixed assets (net) (+€82,439) and Net result for the year (+€70,039)
- Tangible fixed assets -€121,501
down €121,501 (-28.3%), from €430,077 to €308,576
of which Land and buildings: -€100,810
- Receivables within one year +€13,251
up €13,251 (+6.1%), from €217,132 to €230,383
- Reserves +€69,000
up €69,000 (+10.2%), from €678,387 to €747,387
of which Distributable reserves: +€69,000
- Tax, wage and social debts +€12,464
up €12,464 (+93.7%), from €13,305 to €25,768
of which Taxes: +€11,994
- Gross operating margin +€103,044
up €103,044 (+460.8%), from €22,364 to €125,408
- Financial income -€16,845
down €16,845 (-55.4%), from €30,404 to €13,559
- Taxes +€13,572
up €13,572 (+136.8%), from €9,920 to €23,492
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 | €812,394 | €899,905 | +€87,511 | +10.8% |
| Fixed assets | 21/28 | €430,309 | €308,808 | -€121,501 | -28.2% |
| Tangible fixed assets | 22/27 | €430,077 | €308,576 | -€121,501 | -28.3% |
| Land and buildings | 22 | €343,672 | €242,863 | -€100,810 | -29.3% |
| Plant, machinery and equipment | 23 | €3,636 | €5,891 | +€2,254 | +62.0% |
| Furniture and vehicles | 24 | €79,130 | €58,683 | -€20,447 | -25.8% |
| Other tangible fixed assets | 26 | €3,638 | €1,140 | -€2,499 | -68.7% |
| Financial fixed assets | 28 | €233 | €233 | = | 0.0% |
| Current assets | 29/58 | €382,085 | €591,097 | +€209,012 | +54.7% |
| Amounts receivable within one year | 40/41 | €217,132 | €230,383 | +€13,251 | +6.1% |
| Other amounts receivable | 41 | €217,132 | €230,383 | +€13,251 | +6.1% |
| Cash at bank and in hand | 54/58 | €162,541 | €355,439 | +€192,898 | +118.7% |
| Deferred charges and accrued income | 490/1 | €2,412 | €5,276 | +€2,864 | +118.7% |
| Total equity and liabilities | 10/49 | €812,394 | €899,905 | +€87,511 | +10.8% |
| Equity | 10/15 | €766,545 | €836,584 | +€70,039 | +9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €678,387 | €747,387 | +€69,000 | +10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €116,527 | €116,527 | = | 0.0% |
| Distributable reserves | 133 | €560,000 | €629,000 | +€69,000 | +12.3% |
| Profit (loss) carried forward | 14 | €75,758 | €76,797 | +€1,039 | +1.4% |
| Provisions and deferred taxes | 16 | €29,132 | €29,132 | = | 0.0% |
| Deferred taxes | 168 | €29,132 | €29,132 | = | 0.0% |
| Amounts payable | 17/49 | €16,718 | €34,190 | +€17,472 | +104.5% |
| Amounts payable within one year | 42/48 | €16,718 | €34,190 | +€17,472 | +104.5% |
| Current portion of amounts payable after more than one year | 42 | €3,413 | €0 | -€3,413 | -100.0% |
| Financial debts | 43 | - | €3,534 | +€3,534 | |
| Credit institutions | 430/8 | - | €3,534 | +€3,534 | |
| Trade debts | 44 | - | €2,688 | +€2,688 | |
| Suppliers | 440/4 | - | €2,688 | +€2,688 | |
| Taxes, remuneration and social security | 45 | €13,305 | €25,768 | +€12,464 | +93.7% |
| Taxes | 450/3 | €10,025 | €22,018 | +€11,994 | +119.6% |
| Remuneration and social security | 454/9 | €3,280 | €3,750 | +€470 | +14.3% |
| Other amounts payable | 47/48 | - | €2,200 | +€2,200 | |
| Remuneration, social security and pensions | 62 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,260 | €39,062 | -€1,199 | -3.0% |
| Other operating charges | 640/8 | €7,168 | €6,111 | -€1,057 | -14.7% |
| Gross operating margin | 9900 | €22,364 | €125,408 | +€103,044 | +460.8% |
| Operating profit (loss) | 9901 | -€25,064 | €80,168 | +€105,232 | |
| Financial income | 75/76B | €30,404 | €13,559 | -€16,845 | -55.4% |
| Recurring financial income | 75 | €30,404 | €13,559 | -€16,845 | -55.4% |
| Financial charges | 65/66B | €1,242 | €196 | -€1,046 | -84.2% |
| Recurring financial charges | 65 | €1,242 | €196 | -€1,046 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €4,098 | €93,531 | +€89,434 | +2182.5% |
| Income taxes | 67/77 | €9,920 | €23,492 | +€13,572 | +136.8% |
| Profit (loss) for the period | 9904 | -€5,823 | €70,039 | +€75,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,823 | €70,039 | +€75,862 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.