N&S: 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&S
Largest movements
- Receivables within one year -€13,733
down €13,733 (-22.3%), from €61,454 to €47,721
of which Other amounts receivable: -€9,028
- Tangible fixed assets -€3,582
down €3,582 (-28.5%), from €12,580 to €8,998
- Other debts -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Profit (loss) carried forward +€17,948
up €17,948 (+428.2%), from €4,192 to €22,140
- Debts after one year -€12,174
down €12,174 (-74.4%), from €16,361 to €4,187
- Tax, wage and social debts +€3,426
up €3,426 (+35.7%), from €9,607 to €13,032
- Current portion of long-term debt -€2,661
down €2,661 (-17.9%), from €14,835 to €12,174
- Gross operating margin -€13,380
down €13,380 (-26.3%), from €50,882 to €37,503
- Financial charges -€2,556
down €2,556 (-27.0%), from €9,464 to €6,908
- Taxes -€1,832
down €1,832 (-20.5%), from €8,932 to €7,100
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 | €95,664 | €78,661 | -€17,003 | -17.8% |
| Fixed assets | 21/28 | €13,615 | €10,033 | -€3,582 | -26.3% |
| Tangible fixed assets | 22/27 | €12,580 | €8,998 | -€3,582 | -28.5% |
| Land and buildings | 22 | €2,750 | €1,999 | -€751 | -27.3% |
| Plant, machinery and equipment | 23 | €5,604 | €4,182 | -€1,422 | -25.4% |
| Furniture and vehicles | 24 | €4,226 | €2,817 | -€1,409 | -33.3% |
| Financial fixed assets | 28 | €1,035 | €1,035 | = | 0.0% |
| Current assets | 29/58 | €82,050 | €68,628 | -€13,422 | -16.4% |
| Amounts receivable within one year | 40/41 | €61,454 | €47,721 | -€13,733 | -22.3% |
| Trade receivables | 40 | €20,540 | €15,836 | -€4,705 | -22.9% |
| Other amounts receivable | 41 | €40,913 | €31,885 | -€9,028 | -22.1% |
| Cash at bank and in hand | 54/58 | €17,554 | €17,632 | +€79 | +0.4% |
| Deferred charges and accrued income | 490/1 | €3,042 | €3,275 | +€233 | +7.6% |
| Total equity and liabilities | 10/49 | €95,664 | €78,661 | -€17,003 | -17.8% |
| Equity | 10/15 | €22,792 | €40,740 | +€17,948 | +78.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,192 | €22,140 | +€17,948 | +428.2% |
| Amounts payable | 17/49 | €72,872 | €37,921 | -€34,951 | -48.0% |
| Amounts payable after more than one year | 17 | €16,361 | €4,187 | -€12,174 | -74.4% |
| Financial debts | 170/4 | €16,361 | €4,187 | -€12,174 | -74.4% |
| Amounts payable within one year | 42/48 | €56,511 | €33,734 | -€22,777 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €14,835 | €12,174 | -€2,661 | -17.9% |
| Trade debts | 44 | €7,069 | €8,528 | +€1,458 | +20.6% |
| Suppliers | 440/4 | €7,069 | €8,528 | +€1,458 | +20.6% |
| Taxes, remuneration and social security | 45 | €9,607 | €13,032 | +€3,426 | +35.7% |
| Taxes | 450/3 | €9,607 | €13,032 | +€3,426 | +35.7% |
| Other amounts payable | 47/48 | €25,000 | €0 | -€25,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,582 | €3,582 | = | 0.0% |
| Other operating charges | 640/8 | €3,576 | €3,928 | +€352 | +9.8% |
| Gross operating margin | 9900 | €50,882 | €37,503 | -€13,380 | -26.3% |
| Operating profit (loss) | 9901 | €43,724 | €29,992 | -€13,732 | -31.4% |
| Financial income | 75/76B | €1,808 | €1,963 | +€156 | +8.6% |
| Recurring financial income | 75 | €1,808 | €1,963 | +€156 | +8.6% |
| Financial charges | 65/66B | €9,464 | €6,908 | -€2,556 | -27.0% |
| Recurring financial charges | 65 | €9,464 | €6,908 | -€2,556 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €36,068 | €25,048 | -€11,020 | -30.6% |
| Income taxes | 67/77 | €8,932 | €7,100 | -€1,832 | -20.5% |
| Profit (loss) for the period | 9904 | €27,135 | €17,948 | -€9,187 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,135 | €17,948 | -€9,187 | -33.9% |
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 9 October 2026 via checked.be.