N&N Group: 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&N Group
Largest movements
- Cash +€37,513
up €37,513 (+85.1%), from €44,062 to €81,575
mainly Other debts (+€21,959) and Tax, wage and social debts (+€18,604)
- Stocks and contracts +€26,698
up €26,698 (+24.7%), from €107,873 to €134,571
- Deferred charges and accrued income -€10,457
down €10,457 (-99.9%), from €10,467 to €10
- Other debts +€21,959
up €21,959 (+715.2%), from €3,070 to €25,030
- Tax, wage and social debts +€18,604
up €18,604 (+63.3%), from €29,403 to €48,007
of which Remuneration and social security: +€16,140
- Trade debts +€8,907
up €8,907 (+6.4%), from €138,545 to €147,452
- Profit (loss) carried forward +€3,810
up €3,810 (+13.2%), from €28,898 to €32,708
- Gross operating margin -€251,444
down €251,444 (-44.0%), from €571,764 to €320,321
- Staff costs -€235,694
down €235,694 (-46.0%), from €512,668 to €276,975
- Taxes -€10,694
down €10,694 (-77.7%), from €13,770 to €3,076
- Financial charges -€6,707
down €6,707 (-59.0%), from €11,373 to €4,666
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 | €202,062 | €255,584 | +€53,523 | +26.5% |
| Fixed assets | 21/28 | €31,721 | €29,835 | -€1,886 | -5.9% |
| Tangible fixed assets | 22/27 | €5,551 | €3,665 | -€1,886 | -34.0% |
| Plant, machinery and equipment | 23 | €2,729 | €1,794 | -€935 | -34.2% |
| Furniture and vehicles | 24 | €2,822 | €1,870 | -€951 | -33.7% |
| Financial fixed assets | 28 | €26,170 | €26,170 | = | 0.0% |
| Current assets | 29/58 | €170,341 | €225,749 | +€55,409 | +32.5% |
| Stocks and contracts in progress | 3 | €107,873 | €134,571 | +€26,698 | +24.7% |
| Stocks | 30/36 | €107,873 | €134,571 | +€26,698 | +24.7% |
| Amounts receivable within one year | 40/41 | €7,939 | €9,594 | +€1,655 | +20.8% |
| Trade receivables | 40 | €663 | €7,843 | +€7,180 | +1082.1% |
| Other amounts receivable | 41 | €7,276 | €1,751 | -€5,525 | -75.9% |
| Cash at bank and in hand | 54/58 | €44,062 | €81,575 | +€37,513 | +85.1% |
| Deferred charges and accrued income | 490/1 | €10,467 | €10 | -€10,457 | -99.9% |
| Total equity and liabilities | 10/49 | €202,062 | €255,584 | +€53,523 | +26.5% |
| Equity | 10/15 | €30,898 | €34,708 | +€3,810 | +12.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,898 | €32,708 | +€3,810 | +13.2% |
| Amounts payable | 17/49 | €171,164 | €220,876 | +€49,712 | +29.0% |
| Amounts payable within one year | 42/48 | €171,018 | €220,488 | +€49,470 | +28.9% |
| Trade debts | 44 | €138,545 | €147,452 | +€8,907 | +6.4% |
| Suppliers | 440/4 | €138,545 | €147,452 | +€8,907 | +6.4% |
| Taxes, remuneration and social security | 45 | €29,403 | €48,007 | +€18,604 | +63.3% |
| Taxes | 450/3 | €14,382 | €16,846 | +€2,464 | +17.1% |
| Remuneration and social security | 454/9 | €15,021 | €31,161 | +€16,140 | +107.4% |
| Other amounts payable | 47/48 | €3,070 | €25,030 | +€21,959 | +715.2% |
| Accrued charges and deferred income | 492/3 | €145 | €388 | +€243 | +166.7% |
| Remuneration, social security and pensions | 62 | €512,668 | €276,975 | -€235,694 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,974 | €1,886 | -€1,089 | -36.6% |
| Other operating charges | 640/8 | €2,307 | €601 | -€1,705 | -73.9% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €571,764 | €320,321 | -€251,444 | -44.0% |
| Operating profit (loss) | 9901 | €53,815 | €10,859 | -€42,956 | -79.8% |
| Financial income | 75/76B | €225 | €693 | +€468 | +207.7% |
| Recurring financial income | 75 | €225 | €693 | +€468 | +207.7% |
| Financial charges | 65/66B | €11,373 | €4,666 | -€6,707 | -59.0% |
| Recurring financial charges | 65 | €11,373 | €4,666 | -€6,707 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €42,668 | €6,886 | -€35,781 | -83.9% |
| Income taxes | 67/77 | €13,770 | €3,076 | -€10,694 | -77.7% |
| Profit (loss) for the period | 9904 | €28,898 | €3,810 | -€25,087 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,898 | €3,810 | -€25,087 | -86.8% |
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 6 October 2026 via checked.be.