N&I: 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&I
Largest movements
- Receivables within one year -€82,814
down €82,814 (-92.9%), from €89,150 to €6,335
of which Trade receivables: -€81,935
- Stocks and contracts +€82,147
up €82,147 (+4058.7%), from €2,024 to €84,171
- Tangible fixed assets +€3,999
up €3,999 (+105.5%), from €3,790 to €7,789
- Other debts +€13,678
up €13,678 (+16.6%), from €82,376 to €96,054
- Profit (loss) carried forward -€8,386
down €8,386 (-14.9%), from -€56,376 to -€64,761
- Trade debts -€3,877
down €3,877 (-32.6%), from €11,890 to €8,013
- Tax, wage and social debts +€2,303
up €2,303 (+54.4%), from €4,231 to €6,534
of which Remuneration and social security: +€2,810
- Gross operating margin +€8,720
up €8,720 (+82.0%), from -€10,633 to -€1,913
- Other operating charges -€826
no longer reported in 2024 (was €826)
- Staff costs +€744
up €744 (+13.5%), from €5,492 to €6,236
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,130 | €99,848 | +€3,718 | +3.9% |
| Fixed assets | 21/28 | €4,690 | €8,689 | +€3,999 | +85.3% |
| Tangible fixed assets | 22/27 | €3,790 | €7,789 | +€3,999 | +105.5% |
| Furniture and vehicles | 24 | €3,790 | €7,789 | +€3,999 | +105.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €91,440 | €91,160 | -€281 | -0.3% |
| Stocks and contracts in progress | 3 | €2,024 | €84,171 | +€82,147 | +4058.7% |
| Stocks | 30/36 | €2,024 | €84,171 | +€82,147 | +4058.7% |
| Amounts receivable within one year | 40/41 | €89,150 | €6,335 | -€82,814 | -92.9% |
| Trade receivables | 40 | €81,935 | - | -€81,935 | |
| Other amounts receivable | 41 | €7,215 | €6,335 | -€879 | -12.2% |
| Cash at bank and in hand | 54/58 | €36 | €105 | +€70 | +196.7% |
| Deferred charges and accrued income | 490/1 | €231 | €548 | +€316 | +136.8% |
| Total equity and liabilities | 10/49 | €96,130 | €99,848 | +€3,718 | +3.9% |
| Equity | 10/15 | -€47,376 | -€55,761 | -€8,386 | -17.7% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Capital | 10 | €9,000 | €9,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €9,600 | €9,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,376 | -€64,761 | -€8,386 | -14.9% |
| Amounts payable | 17/49 | €143,506 | €155,610 | +€12,104 | +8.4% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €98,506 | €110,610 | +€12,104 | +12.3% |
| Financial debts | 43 | €9 | €9 | = | 0.0% |
| Credit institutions | 430/8 | €9 | €9 | = | 0.0% |
| Trade debts | 44 | €11,890 | €8,013 | -€3,877 | -32.6% |
| Suppliers | 440/4 | €11,890 | €8,013 | -€3,877 | -32.6% |
| Taxes, remuneration and social security | 45 | €4,231 | €6,534 | +€2,303 | +54.4% |
| Taxes | 450/3 | €1,737 | €1,229 | -€507 | -29.2% |
| Remuneration and social security | 454/9 | €2,494 | €5,305 | +€2,810 | +112.7% |
| Other amounts payable | 47/48 | €82,376 | €96,054 | +€13,678 | +16.6% |
| Remuneration, social security and pensions | 62 | €5,492 | €6,236 | +€744 | +13.5% |
| Other operating charges | 640/8 | €826 | - | -€826 | |
| Gross operating margin | 9900 | -€10,633 | -€1,913 | +€8,720 | +82.0% |
| Operating profit (loss) | 9901 | -€16,951 | -€8,149 | +€8,802 | +51.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €296 | €237 | -€59 | -19.8% |
| Recurring financial charges | 65 | €296 | €237 | -€59 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,245 | -€8,386 | +€8,859 | +51.4% |
| Income taxes | 67/77 | €73 | - | -€73 | |
| Profit (loss) for the period | 9904 | -€17,318 | -€8,386 | +€8,932 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,318 | -€8,386 | +€8,932 | +51.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.