N.S. CONCEPT: 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. CONCEPT
Largest movements
- Receivables within one year +€112,749
up €112,749 (+82.8%), from €136,210 to €248,959
of which Trade receivables: +€96,111
- Tangible fixed assets +€23,741
up €23,741 (+9.2%), from €257,807 to €281,548
of which Furniture and vehicles: +€38,468
- Cash -€8,825
down €8,825 (-40.8%), from €21,607 to €12,782
- Trade debts +€135,174
up €135,174 (+154%), from €87,866 to €223,040
- Accrued charges and deferred income -€20,000
no longer reported in 2025 (was €20,000)
- Current portion of long-term debt +€8,062
up €8,062 (+15.1%), from €53,407 to €61,469
- Gross operating margin +€115,143
up €115,143 (+92.0%), from €125,121 to €240,264
- Depreciation +€58,443
up €58,443 (+58.6%), from €99,724 to €158,166
- Other operating charges +€52,533
up €52,533 (+1,591%), from €3,302 to €55,835
- Financial charges +€11,151
up €11,151 (+231%), from €4,823 to €15,975
of which Non-recurring financial charges: +€7,406
- Staff costs +€3,862
new in 2025: €3,862
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,708 | €553,295 | +€127,588 | +30.0% |
| Fixed assets | 21/28 | €263,857 | €287,803 | +€23,946 | +9.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €257,807 | €281,548 | +€23,741 | +9.2% |
| Plant, machinery and equipment | 23 | €126,110 | €111,382 | -€14,728 | -11.7% |
| Furniture and vehicles | 24 | €131,698 | €170,166 | +€38,468 | +29.2% |
| Financial fixed assets | 28 | €6,050 | €6,255 | +€205 | +3.4% |
| Current assets | 29/58 | €161,851 | €265,493 | +€103,642 | +64.0% |
| Amounts receivable within one year | 40/41 | €136,210 | €248,959 | +€112,749 | +82.8% |
| Trade receivables | 40 | €121,835 | €217,946 | +€96,111 | +78.9% |
| Other amounts receivable | 41 | €14,375 | €31,013 | +€16,638 | +116% |
| Cash at bank and in hand | 54/58 | €21,607 | €12,782 | -€8,825 | -40.8% |
| Deferred charges and accrued income | 490/1 | €4,033 | €3,751 | -€282 | -7.0% |
| Total equity and liabilities | 10/49 | €425,708 | €553,295 | +€127,588 | +30.0% |
| Equity | 10/15 | €67,151 | €68,190 | +€1,040 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,351 | €49,390 | +€1,040 | +2.2% |
| Amounts payable | 17/49 | €358,557 | €485,105 | +€126,548 | +35.3% |
| Amounts payable after more than one year | 17 | €84,607 | €86,266 | +€1,659 | +2.0% |
| Financial debts | 170/4 | €84,607 | €86,266 | +€1,659 | +2.0% |
| Amounts payable within one year | 42/48 | €253,950 | €398,839 | +€144,889 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €53,407 | €61,469 | +€8,062 | +15.1% |
| Trade debts | 44 | €87,866 | €223,040 | +€135,174 | +154% |
| Suppliers | 440/4 | €87,866 | €223,040 | +€135,174 | +154% |
| Advances received on contracts in progress | 46 | €12,742 | €12,742 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,840 | €24,711 | +€1,871 | +8.2% |
| Taxes | 450/3 | €22,840 | €24,711 | +€1,871 | +8.2% |
| Other amounts payable | 47/48 | €77,095 | €76,877 | -€217 | -0.3% |
| Accrued charges and deferred income | 492/3 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | - | €3,862 | +€3,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,724 | €158,166 | +€58,443 | +58.6% |
| Other operating charges | 640/8 | €3,302 | €55,835 | +€52,533 | +1,591% |
| Gross operating margin | 9900 | €125,121 | €240,264 | +€115,143 | +92.0% |
| Operating profit (loss) | 9901 | €22,095 | €22,400 | +€305 | +1.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,823 | €15,975 | +€11,151 | +231% |
| Recurring financial charges | 65 | €4,823 | €8,569 | +€3,746 | +77.7% |
| Non-recurring financial charges | 66B | - | €7,406 | +€7,406 | |
| Profit (loss) for the period before taxes | 9903 | €17,272 | €6,426 | -€10,846 | -62.8% |
| Income taxes | 67/77 | €6,035 | €5,386 | -€648 | -10.7% |
| Profit (loss) for the period | 9904 | €11,237 | €1,040 | -€10,197 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,237 | €1,040 | -€10,197 | -90.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.