N & N Coach: 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 & N Coach
Largest movements
- Receivables within one year +€220,839
up €220,839 (+60.6%), from €364,426 to €585,265
of which Trade receivables: +€183,043
- Tangible fixed assets -€88,187
down €88,187 (-13.9%), from €634,141 to €545,954
of which Leasing and similar rights: -€84,013
- Cash -€69,870
down €69,870 (-57.5%), from €121,609 to €51,739
mainly Receivables within one year (-€220,839) and Debts after one year (-€177,207)
- Debts after one year -€177,207
down €177,207 (-29.9%), from €593,634 to €416,427
- Trade debts +€75,686
up €75,686 (+54.1%), from €139,843 to €215,529
- Reserves +€70,746
up €70,746 (+207%), from €34,254 to €105,000
- Current portion of long-term debt +€67,934
up €67,934 (+30.1%), from €225,493 to €293,426
- Tax, wage and social debts +€24,283
up €24,283 (+38.7%), from €62,743 to €87,026
of which Taxes: +€14,192
- Gross operating margin +€221,343
up €221,343 (+27.9%), from €792,756 to €1.0m
- Staff costs +€161,983
up €161,983 (+36.2%), from €447,007 to €608,990
- Depreciation +€37,841
up €37,841 (+17.0%), from €222,116 to €259,957
- Financial charges +€14,951
up €14,951 (+36.6%), from €40,873 to €55,824
of which Non-recurring financial charges: +€16,049
- Other operating charges +€12,733
up €12,733 (+1,384%), from €920 to €13,653
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.
Derived cash bridge
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 | €1,132,916 | €1,196,179 | +€63,263 | +5.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €644,717 | €556,530 | -€88,187 | -13.7% |
| Tangible fixed assets | 22/27 | €634,141 | €545,954 | -€88,187 | -13.9% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €110,904 | €73,435 | -€37,469 | -33.8% |
| Leasing and similar rights | 25 | €523,237 | €439,224 | -€84,013 | -16.1% |
| Other tangible fixed assets | 26 | - | €33,295 | +€33,295 | |
| Financial fixed assets | 28 | €10,576 | €10,576 | = | 0.0% |
| Current assets | 29/58 | €488,199 | €639,649 | +€151,450 | +31.0% |
| Amounts receivable within one year | 40/41 | €364,426 | €585,265 | +€220,839 | +60.6% |
| Trade receivables | 40 | €325,665 | €508,708 | +€183,043 | +56.2% |
| Other amounts receivable | 41 | €38,760 | €76,557 | +€37,797 | +97.5% |
| Cash at bank and in hand | 54/58 | €121,609 | €51,739 | -€69,870 | -57.5% |
| Deferred charges and accrued income | 490/1 | €2,165 | €2,645 | +€480 | +22.2% |
| Total equity and liabilities | 10/49 | €1,132,916 | €1,196,179 | +€63,263 | +5.6% |
| Equity | 10/15 | €84,254 | €157,946 | +€73,692 | +87.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €34,254 | €105,000 | +€70,746 | +207% |
| Distributable reserves | 133 | €34,254 | €105,000 | +€70,746 | +207% |
| Profit (loss) carried forward | 14 | - | €2,946 | +€2,946 | |
| Amounts payable | 17/49 | €1,048,663 | €1,038,233 | -€10,430 | -1.0% |
| Amounts payable after more than one year | 17 | €593,634 | €416,427 | -€177,207 | -29.9% |
| Financial debts | 170/4 | €593,634 | €416,427 | -€177,207 | -29.9% |
| Amounts payable within one year | 42/48 | €455,020 | €621,806 | +€166,786 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €225,493 | €293,426 | +€67,934 | +30.1% |
| Financial debts | 43 | €11 | €80 | +€69 | +621% |
| Credit institutions | 430/8 | €11 | €80 | +€69 | +621% |
| Trade debts | 44 | €139,843 | €215,529 | +€75,686 | +54.1% |
| Suppliers | 440/4 | €139,843 | €215,529 | +€75,686 | +54.1% |
| Advances received on contracts in progress | 46 | - | €5,491 | +€5,491 | |
| Taxes, remuneration and social security | 45 | €62,743 | €87,026 | +€24,283 | +38.7% |
| Taxes | 450/3 | €11,890 | €26,082 | +€14,192 | +119% |
| Remuneration and social security | 454/9 | €50,853 | €60,944 | +€10,091 | +19.8% |
| Other amounts payable | 47/48 | €26,931 | €20,255 | -€6,676 | -24.8% |
| Accrued charges and deferred income | 492/3 | €8 | - | -€8 | |
| Non-recurring operating income | 76A | €1,457 | - | -€1,457 | |
| Remuneration, social security and pensions | 62 | €447,007 | €608,990 | +€161,983 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,116 | €259,957 | +€37,841 | +17.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,550 | -€6,550 | |
| Other operating charges | 640/8 | €920 | €13,653 | +€12,733 | +1,384% |
| Non-recurring operating charges | 66A | €3,467 | - | -€3,467 | |
| Gross operating margin | 9900 | €792,756 | €1,014,098 | +€221,343 | +27.9% |
| Operating profit (loss) | 9901 | €119,245 | €138,048 | +€18,803 | +15.8% |
| Financial income | 75/76B | €3,304 | €2,002 | -€1,302 | -39.4% |
| Recurring financial income | 75 | €3,304 | €1,237 | -€2,067 | -62.6% |
| Non-recurring financial income | 76B | - | €765 | +€765 | |
| Financial charges | 65/66B | €40,873 | €55,824 | +€14,951 | +36.6% |
| Recurring financial charges | 65 | €40,873 | €39,775 | -€1,098 | -2.7% |
| Non-recurring financial charges | 66B | - | €16,049 | +€16,049 | |
| Profit (loss) for the period before taxes | 9903 | €81,676 | €84,225 | +€2,550 | +3.1% |
| Income taxes | 67/77 | €0 | €10,533 | +€10,533 | |
| Profit (loss) for the period | 9904 | €81,676 | €73,692 | -€7,984 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,676 | €73,692 | -€7,984 | -9.8% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.