N-LEX: 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-LEX
Largest movements
- Receivables within one year -€10,565
down €10,565 (-47.2%), from €22,364 to €11,799
of which Other amounts receivable: -€22,181
- Cash +€5,812
up €5,812 (+20.3%), from €28,566 to €34,378
mainly Net result for the year (+€16,995) and Receivables within one year (+€10,565)
- Profit (loss) carried forward -€16,200
no longer reported in 2025 (was €16,200)
- Reserves +€13,195
new in 2025: €13,195
- Tax, wage and social debts -€6,867
down €6,867 (-55.4%), from €12,405 to €5,538
of which Remuneration and social security: -€4,146
- Other debts +€5,109
up €5,109 (+137.1%), from €3,725 to €8,834
- Staff costs -€52,800
no longer reported in 2025 (was €52,800)
- Gross operating margin -€51,752
down €51,752 (-69.6%), from €74,392 to €22,640
- Financial charges -€773
down €773 (-83.9%), from €921 to €149
of which Non-recurring financial charges: -€921
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 | €50,930 | €46,177 | -€4,753 | -9.3% |
| Current assets | 29/58 | €50,930 | €46,177 | -€4,753 | -9.3% |
| Amounts receivable within one year | 40/41 | €22,364 | €11,799 | -€10,565 | -47.2% |
| Trade receivables | 40 | €0 | €11,616 | +€11,616 | |
| Other amounts receivable | 41 | €22,364 | €183 | -€22,181 | -99.2% |
| Cash at bank and in hand | 54/58 | €28,566 | €34,378 | +€5,812 | +20.3% |
| Total equity and liabilities | 10/49 | €50,930 | €46,177 | -€4,753 | -9.3% |
| Equity | 10/15 | €34,800 | €31,795 | -€3,005 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €13,195 | +€13,195 | |
| Distributable reserves | 133 | - | €13,195 | +€13,195 | |
| Profit (loss) carried forward | 14 | €16,200 | - | -€16,200 | |
| Amounts payable | 17/49 | €16,130 | €14,382 | -€1,748 | -10.8% |
| Amounts payable within one year | 42/48 | €16,130 | €14,382 | -€1,748 | -10.8% |
| Trade debts | 44 | - | €10 | +€10 | |
| Suppliers | 440/4 | - | €10 | +€10 | |
| Taxes, remuneration and social security | 45 | €12,405 | €5,538 | -€6,867 | -55.4% |
| Taxes | 450/3 | €8,259 | €5,538 | -€2,721 | -32.9% |
| Remuneration and social security | 454/9 | €4,146 | - | -€4,146 | |
| Other amounts payable | 47/48 | €3,725 | €8,834 | +€5,109 | +137.1% |
| Remuneration, social security and pensions | 62 | €52,800 | - | -€52,800 | |
| Other operating charges | 640/8 | - | €585 | +€585 | |
| Gross operating margin | 9900 | €74,392 | €22,640 | -€51,752 | -69.6% |
| Operating profit (loss) | 9901 | €21,592 | €22,055 | +€463 | +2.1% |
| Financial charges | 65/66B | €921 | €149 | -€773 | -83.9% |
| Recurring financial charges | 65 | €921 | €149 | -€773 | -83.9% |
| Non-recurring financial charges | 66B | €921 | - | -€921 | |
| Profit (loss) for the period before taxes | 9903 | €20,671 | €21,906 | +€1,236 | +6.0% |
| Income taxes | 67/77 | €4,470 | €4,911 | +€441 | +9.9% |
| Profit (loss) for the period | 9904 | €16,200 | €16,995 | +€795 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,200 | €16,995 | +€795 | +4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.