N&S Enterprise: what changed
N&S Enterprise
Largest movements
- Receivables within one year -€48,120
down €48,120 (-49.3%), from €97,610 to €49,490
of which Trade receivables: -€48,271
- Deferred charges and accrued income +€5,056
up €5,056 (+723%), from €699 to €5,755
- Cash -€2,938
down €2,938 (-71.6%), from €4,102 to €1,164
mainly Tax, wage and social debts (-€40,823) and Net result for the year (-€8,897)
- Stocks and contracts -€2,010
down €2,010 (-2.6%), from €78,000 to €75,990
- Tax, wage and social debts -€40,823
down €40,823 (-36.2%), from €112,770 to €71,948
of which Remuneration and social security: -€40,075
- Reserves -€8,897
down €8,897 (-67.3%), from €13,216 to €4,319
- Trade debts -€2,377
down €2,377 (-20.2%), from €11,769 to €9,392
- Accrued charges and deferred income +€2,370
up €2,370 (+2,179%), from €109 to €2,479
- Gross operating margin -€76,551
down €76,551 (-23.9%), from €320,600 to €244,049
- Staff costs -€71,066
down €71,066 (-23.2%), from €306,015 to €234,949
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,218 | €141,842 | -€48,376 | -25.4% |
| Fixed assets | 21/28 | €9,807 | €9,444 | -€363 | -3.7% |
| Tangible fixed assets | 22/27 | €9,807 | €9,444 | -€363 | -3.7% |
| Furniture and vehicles | 24 | - | €1,589 | +€1,589 | |
| Other tangible fixed assets | 26 | €9,807 | €7,854 | -€1,952 | -19.9% |
| Current assets | 29/58 | €180,412 | €132,399 | -€48,013 | -26.6% |
| Stocks and contracts in progress | 3 | €78,000 | €75,990 | -€2,010 | -2.6% |
| Contracts in progress | 37 | €78,000 | €75,990 | -€2,010 | -2.6% |
| Amounts receivable within one year | 40/41 | €97,610 | €49,490 | -€48,120 | -49.3% |
| Trade receivables | 40 | €96,678 | €48,407 | -€48,271 | -49.9% |
| Other amounts receivable | 41 | €933 | €1,083 | +€150 | +16.1% |
| Cash at bank and in hand | 54/58 | €4,102 | €1,164 | -€2,938 | -71.6% |
| Deferred charges and accrued income | 490/1 | €699 | €5,755 | +€5,056 | +723% |
| Total equity and liabilities | 10/49 | €190,218 | €141,842 | -€48,376 | -25.4% |
| Equity | 10/15 | €27,066 | €18,169 | -€8,897 | -32.9% |
| Contributions | 10/11 | €13,850 | €13,850 | = | 0.0% |
| Reserves | 13 | €13,216 | €4,319 | -€8,897 | -67.3% |
| Distributable reserves | 133 | €13,216 | €4,319 | -€8,897 | -67.3% |
| Amounts payable | 17/49 | €163,152 | €123,673 | -€39,479 | -24.2% |
| Amounts payable after more than one year | 17 | €33,810 | €33,810 | = | 0.0% |
| Other amounts payable | 178/9 | €33,810 | €33,810 | = | 0.0% |
| Amounts payable within one year | 42/48 | €129,234 | €87,384 | -€41,849 | -32.4% |
| Trade debts | 44 | €11,769 | €9,392 | -€2,377 | -20.2% |
| Suppliers | 440/4 | €11,769 | €9,392 | -€2,377 | -20.2% |
| Taxes, remuneration and social security | 45 | €112,770 | €71,948 | -€40,823 | -36.2% |
| Taxes | 450/3 | €3,539 | €2,792 | -€747 | -21.1% |
| Remuneration and social security | 454/9 | €109,231 | €69,156 | -€40,075 | -36.7% |
| Other amounts payable | 47/48 | €4,694 | €6,044 | +€1,350 | +28.8% |
| Accrued charges and deferred income | 492/3 | €109 | €2,479 | +€2,370 | +2,179% |
| Remuneration, social security and pensions | 62 | €306,015 | €234,949 | -€71,066 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,247 | €2,097 | -€150 | -6.7% |
| Other operating charges | 640/8 | €14,908 | €15,004 | +€97 | +0.6% |
| Gross operating margin | 9900 | €320,600 | €244,049 | -€76,551 | -23.9% |
| Operating profit (loss) | 9901 | -€2,570 | -€8,001 | -€5,431 | -211% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.5% |
| Financial charges | 65/66B | €476 | €896 | +€419 | +88.0% |
| Recurring financial charges | 65 | €476 | €896 | +€419 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,046 | -€8,897 | -€5,851 | -192% |
| Income taxes | 67/77 | €472 | - | -€472 | |
| Profit (loss) for the period | 9904 | -€3,518 | -€8,897 | -€5,380 | -153% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,518 | -€8,897 | -€5,380 | -153% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.