N.P. Management: 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.P. Management
Largest movements
- Cash -€185,631
down €185,631 (-97.8%), from €189,801 to €4,170
mainly Net result for the year (-€148,678) and Debts after one year (-€108,979)
- Receivables within one year -€39,181
down €39,181 (-34.2%), from €114,641 to €75,460
of which Other amounts receivable: -€25,802
- Profit (loss) carried forward -€148,678
down €148,678 (-18.3%), from €811,642 to €662,964
- Debts after one year -€108,979
down €108,979 (-11.8%), from €922,627 to €813,648
- Trade debts -€25,709
down €25,709 (-73.9%), from €34,767 to €9,057
- Short-term financial debts +€23,577
up €23,577 (+20.9%), from €112,583 to €136,160
- Financial income -€102,415
down €102,415 (-99.7%), from €102,748 to €333
of which Non-recurring financial income: -€79,000
- Gross operating margin -€57,699
down €57,699, from €1,340 to -€56,360
- Other operating charges +€10,441
new in 2025: €10,441
- Taxes +€2,429
up €2,429 (+44.6%), from €5,447 to €7,876
- Depreciation +€2,195
up €2,195 (+7.7%), from €28,375 to €30,569
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 | €2,249,721 | €2,008,141 | -€241,580 | -10.7% |
| Fixed assets | 21/28 | €1,945,279 | €1,928,511 | -€16,768 | -0.9% |
| Tangible fixed assets | 22/27 | €795,279 | €778,511 | -€16,768 | -2.1% |
| Land and buildings | 22 | €777,716 | €753,266 | -€24,450 | -3.1% |
| Plant, machinery and equipment | 23 | €1,931 | €1,063 | -€868 | -44.9% |
| Furniture and vehicles | 24 | €2,092 | €300 | -€1,792 | -85.7% |
| Other tangible fixed assets | 26 | €13,540 | €10,480 | -€3,060 | -22.6% |
| Assets under construction and advance payments | 27 | - | €13,402 | +€13,402 | |
| Financial fixed assets | 28 | €1,150,000 | €1,150,000 | = | 0.0% |
| Current assets | 29/58 | €304,442 | €79,630 | -€224,812 | -73.8% |
| Amounts receivable within one year | 40/41 | €114,641 | €75,460 | -€39,181 | -34.2% |
| Trade receivables | 40 | €21,069 | €7,689 | -€13,380 | -63.5% |
| Other amounts receivable | 41 | €93,572 | €67,771 | -€25,802 | -27.6% |
| Cash at bank and in hand | 54/58 | €189,801 | €4,170 | -€185,631 | -97.8% |
| Total equity and liabilities | 10/49 | €2,249,721 | €2,008,141 | -€241,580 | -10.7% |
| Equity | 10/15 | €816,642 | €667,964 | -€148,678 | -18.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €811,642 | €662,964 | -€148,678 | -18.3% |
| Amounts payable | 17/49 | €1,433,079 | €1,340,177 | -€92,902 | -6.5% |
| Amounts payable after more than one year | 17 | €922,627 | €813,648 | -€108,979 | -11.8% |
| Financial debts | 170/4 | €922,627 | €813,648 | -€108,979 | -11.8% |
| Amounts payable within one year | 42/48 | €499,221 | €513,878 | +€14,657 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €105,876 | €108,979 | +€3,102 | +2.9% |
| Financial debts | 43 | €112,583 | €136,160 | +€23,577 | +20.9% |
| Credit institutions | 430/8 | €112,583 | €136,160 | +€23,577 | +20.9% |
| Trade debts | 44 | €34,767 | €9,057 | -€25,709 | -73.9% |
| Suppliers | 440/4 | €34,767 | €9,057 | -€25,709 | -73.9% |
| Taxes, remuneration and social security | 45 | €803 | €9,091 | +€8,288 | +1,032% |
| Taxes | 450/3 | €803 | €9,091 | +€8,288 | +1,032% |
| Other amounts payable | 47/48 | €245,192 | €250,591 | +€5,399 | +2.2% |
| Accrued charges and deferred income | 492/3 | €11,231 | €12,651 | +€1,419 | +12.6% |
| Non-recurring operating income | 76A | €178 | €0 | -€178 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,375 | €30,569 | +€2,195 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,662 | - | -€1,662 | |
| Other operating charges | 640/8 | - | €10,441 | +€10,441 | |
| Non-recurring operating charges | 66A | - | €2,277 | +€2,277 | |
| Gross operating margin | 9900 | €1,340 | -€56,360 | -€57,699 | |
| Operating profit (loss) | 9901 | -€28,697 | -€99,647 | -€70,950 | -247% |
| Financial income | 75/76B | €102,748 | €333 | -€102,415 | -99.7% |
| Recurring financial income | 75 | €23,748 | €333 | -€23,415 | -98.6% |
| Non-recurring financial income | 76B | €79,000 | €0 | -€79,000 | -100% |
| Financial charges | 65/66B | €39,501 | €41,488 | +€1,986 | +5.0% |
| Recurring financial charges | 65 | €39,501 | €41,488 | +€1,986 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €34,550 | -€140,801 | -€175,352 | |
| Income taxes | 67/77 | €5,447 | €7,876 | +€2,429 | +44.6% |
| Profit (loss) for the period | 9904 | €29,103 | -€148,678 | -€177,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,103 | -€148,678 | -€177,780 |
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 18 October 2026 via checked.be.