N-Holding: 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-Holding
Largest movements
- Cash -€5,323
down €5,323 (-66.4%), from €8,012 to €2,689
mainly Net result for the year (-€6,677) and Receivables within one year (-€825)
- Receivables within one year +€825
up €825 (+41.1%), from €2,009 to €2,835
- Profit (loss) carried forward -€6,677
down €6,677 (-0.5%), from -€1.5m to -€1.5m
- Trade debts +€2,179
up €2,179 (+0.6%), from €341,264 to €343,443
- Gross operating margin -€3,459
down €3,459 (-125%), from -€2,773 to -€6,232
- Other operating charges -€382
down €382 (-48.9%), from €782 to €400
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,021 | €5,523 | -€4,498 | -44.9% |
| Current assets | 29/58 | €10,021 | €5,523 | -€4,498 | -44.9% |
| Amounts receivable within one year | 40/41 | €2,009 | €2,835 | +€825 | +41.1% |
| Other amounts receivable | 41 | €2,009 | €2,835 | +€825 | +41.1% |
| Cash at bank and in hand | 54/58 | €8,012 | €2,689 | -€5,323 | -66.4% |
| Total equity and liabilities | 10/49 | €10,021 | €5,523 | -€4,498 | -44.9% |
| Equity | 10/15 | -€1,369,203 | -€1,375,880 | -€6,677 | -0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €28,109 | €28,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,109 | €28,109 | = | 0.0% |
| Legal reserve | 130 | €28,109 | €28,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,459,312 | -€1,465,989 | -€6,677 | -0.5% |
| Amounts payable | 17/49 | €1,379,224 | €1,381,403 | +€2,179 | +0.2% |
| Amounts payable after more than one year | 17 | €1,034,921 | €1,034,921 | = | 0.0% |
| Financial debts | 170/4 | €1,034,921 | €1,034,921 | = | 0.0% |
| Amounts payable within one year | 42/48 | €344,304 | €346,483 | +€2,179 | +0.6% |
| Trade debts | 44 | €341,264 | €343,443 | +€2,179 | +0.6% |
| Suppliers | 440/4 | €341,264 | €343,443 | +€2,179 | +0.6% |
| Other amounts payable | 47/48 | €3,040 | €3,040 | = | 0.0% |
| Other operating charges | 640/8 | €782 | €400 | -€382 | -48.9% |
| Gross operating margin | 9900 | -€2,773 | -€6,232 | -€3,459 | -125% |
| Operating profit (loss) | 9901 | -€3,555 | -€6,632 | -€3,077 | -86.6% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,598 | -€6,677 | -€3,079 | -85.6% |
| Profit (loss) for the period | 9904 | -€3,598 | -€6,677 | -€3,079 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,598 | -€6,677 | -€3,079 | -85.6% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.