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
- Cash -€44,283
down €44,283 (-98.1%), from €45,124 to €841
mainly Receivables after one year (-€25,000) and Trade debts (-€23,917)
- Receivables after one year +€25,000
new in 2025: €25,000
- Tangible fixed assets +€9,781
up €9,781 (+127.0%), from €7,700 to €17,481
- Stocks and contracts +€2,571
new in 2025: €2,571
- Receivables within one year -€2,109
no longer reported in 2025 (was €2,109)
- Trade debts -€23,917
down €23,917 (-59.4%), from €40,293 to €16,376
- Profit (loss) carried forward +€9,387
new in 2025: €9,387
- Tax, wage and social debts +€5,491
up €5,491 (+224.9%), from €2,442 to €7,932
- Gross operating margin +€6,309
up €6,309 (+73.6%), from €8,576 to €14,885
- Taxes +€2,078
up €2,078 (+215.0%), from €966 to €3,044
- Financial income +€1,400
new in 2025: €1,400
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 | €54,933 | €45,894 | -€9,040 | -16.5% |
| Fixed assets | 21/28 | €7,700 | €17,481 | +€9,781 | +127.0% |
| Tangible fixed assets | 22/27 | €7,700 | €17,481 | +€9,781 | +127.0% |
| Furniture and vehicles | 24 | €7,700 | €17,481 | +€9,781 | +127.0% |
| Current assets | 29/58 | €47,233 | €28,413 | -€18,821 | -39.8% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Stocks and contracts in progress | 3 | - | €2,571 | +€2,571 | |
| Stocks | 30/36 | - | €2,571 | +€2,571 | |
| Amounts receivable within one year | 40/41 | €2,109 | - | -€2,109 | |
| Other amounts receivable | 41 | €2,109 | - | -€2,109 | |
| Cash at bank and in hand | 54/58 | €45,124 | €841 | -€44,283 | -98.1% |
| Total equity and liabilities | 10/49 | €54,933 | €45,894 | -€9,040 | -16.5% |
| Equity | 10/15 | €12,198 | €21,585 | +€9,387 | +77.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,698 | €9,698 | = | 0.0% |
| Distributable reserves | 133 | €9,698 | €9,698 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9,387 | +€9,387 | |
| Amounts payable | 17/49 | €42,735 | €24,309 | -€18,426 | -43.1% |
| Amounts payable within one year | 42/48 | €42,735 | €24,309 | -€18,426 | -43.1% |
| Trade debts | 44 | €40,293 | €16,376 | -€23,917 | -59.4% |
| Suppliers | 440/4 | €40,293 | €16,376 | -€23,917 | -59.4% |
| Taxes, remuneration and social security | 45 | €2,442 | €7,932 | +€5,491 | +224.9% |
| Taxes | 450/3 | €2,442 | €7,932 | +€5,491 | +224.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €3,524 | +€24 | +0.7% |
| Other operating charges | 640/8 | €62 | - | -€62 | |
| Gross operating margin | 9900 | €8,576 | €14,885 | +€6,309 | +73.6% |
| Operating profit (loss) | 9901 | €5,014 | €11,361 | +€6,347 | +126.6% |
| Financial income | 75/76B | - | €1,400 | +€1,400 | |
| Recurring financial income | 75 | - | €1,400 | +€1,400 | |
| Financial charges | 65/66B | €251 | €330 | +€79 | +31.6% |
| Recurring financial charges | 65 | €251 | €330 | +€79 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €4,763 | €12,431 | +€7,667 | +161.0% |
| Income taxes | 67/77 | €966 | €3,044 | +€2,078 | +215.0% |
| Profit (loss) for the period | 9904 | €3,797 | €9,387 | +€5,590 | +147.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,797 | €9,387 | +€5,590 | +147.2% |
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.