N & T. SERVICES: 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 & T. SERVICES
Largest movements
- Cash -€361,363
down €361,363 (-90.0%), from €401,378 to €40,015
mainly Provisions (-€300,000) and Net result for the year (-€224,593)
- Receivables within one year -€329,601
down €329,601 (-22.0%), from €1.5m to €1.2m
of which Trade receivables: -€585,252
- Tangible fixed assets -€63,817
down €63,817 (-34.6%), from €184,209 to €120,392
of which Leasing and similar rights: -€97,680
- Provisions -€300,000
no longer reported in 2025 (was €300,000)
- Profit (loss) carried forward -€224,594
down €224,594 (-20.6%), from €1.1m to €866,834
- Trade debts -€205,150
down €205,150 (-53.8%), from €381,033 to €175,883
- Advances received -€200,000
no longer reported in 2025 (was €200,000)
- Tax, wage and social debts +€149,962
up €149,962 (+2,986%), from €5,022 to €154,983
of which Taxes: +€129,390
- Gross operating margin -€1.3m
down €1.3m (-94.9%), from €1.4m to €69,421
- Turnover -€825,675
down €825,675 (-25.6%), from €3.2m to €2.4m
- Provisions -€600,000
down €600,000, from €300,000 to -€300,000
- Purchases and services +€469,707
up €469,707 (+25.2%), from €1.9m to €2.3m
- Taxes +€123,208
up €123,208 (+179%), from €68,962 to €192,170
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 | €2,081,647 | €1,326,866 | -€754,781 | -36.3% |
| Fixed assets | 21/28 | €184,209 | €120,392 | -€63,817 | -34.6% |
| Tangible fixed assets | 22/27 | €184,209 | €120,392 | -€63,817 | -34.6% |
| Plant, machinery and equipment | 23 | €31,110 | €20,744 | -€10,367 | -33.3% |
| Furniture and vehicles | 24 | €43,079 | €87,309 | +€44,230 | +103% |
| Leasing and similar rights | 25 | €110,020 | €12,340 | -€97,680 | -88.8% |
| Current assets | 29/58 | €1,897,438 | €1,206,474 | -€690,964 | -36.4% |
| Amounts receivable within one year | 40/41 | €1,496,060 | €1,166,459 | -€329,601 | -22.0% |
| Trade receivables | 40 | €938,208 | €352,956 | -€585,252 | -62.4% |
| Other amounts receivable | 41 | €557,852 | €813,503 | +€255,651 | +45.8% |
| Cash at bank and in hand | 54/58 | €401,378 | €40,015 | -€361,363 | -90.0% |
| Total equity and liabilities | 10/49 | €2,081,647 | €1,326,866 | -€754,781 | -36.3% |
| Equity | 10/15 | €1,110,725 | €886,132 | -€224,594 | -20.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €706 | €706 | = | 0.0% |
| Non-distributable reserves | 130/1 | €706 | €706 | = | 0.0% |
| Reserves not available under the articles | 1311 | €706 | €706 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,091,427 | €866,834 | -€224,594 | -20.6% |
| Provisions and deferred taxes | 16 | €300,000 | - | -€300,000 | |
| Provisions for liabilities and charges | 160/5 | €300,000 | - | -€300,000 | |
| Taxes | 161 | €300,000 | - | -€300,000 | |
| Amounts payable | 17/49 | €670,922 | €440,734 | -€230,188 | -34.3% |
| Amounts payable within one year | 42/48 | €670,922 | €440,734 | -€230,188 | -34.3% |
| Trade debts | 44 | €381,033 | €175,883 | -€205,150 | -53.8% |
| Suppliers | 440/4 | €381,033 | €175,883 | -€205,150 | -53.8% |
| Advances received on contracts in progress | 46 | €200,000 | - | -€200,000 | |
| Taxes, remuneration and social security | 45 | €5,022 | €154,983 | +€149,962 | +2,986% |
| Taxes | 450/3 | €708 | €130,098 | +€129,390 | +18,281% |
| Remuneration and social security | 454/9 | €4,314 | €24,886 | +€20,572 | +477% |
| Other amounts payable | 47/48 | €84,867 | €109,867 | +€25,000 | +29.5% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Turnover | 70 | €3,225,131 | €2,399,456 | -€825,675 | -25.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,860,328 | €2,330,035 | +€469,707 | +25.2% |
| Remuneration, social security and pensions | 62 | €325,149 | €302,570 | -€22,579 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,452 | €41,616 | -€2,836 | -6.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €300,000 | -€300,000 | -€600,000 | |
| Other operating charges | 640/8 | €6,500 | €12,958 | +€6,458 | +99.3% |
| Non-recurring operating charges | 66A | - | €41,175 | +€41,175 | |
| Gross operating margin | 9900 | €1,364,803 | €69,421 | -€1.3m | -94.9% |
| Operating profit (loss) | 9901 | €688,701 | -€28,898 | -€717,599 | |
| Financial charges | 65/66B | €3,567 | €3,525 | -€42 | -1.2% |
| Recurring financial charges | 65 | €3,567 | €3,525 | -€42 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €685,134 | -€32,423 | -€717,558 | |
| Income taxes | 67/77 | €68,962 | €192,170 | +€123,208 | +179% |
| Profit (loss) for the period | 9904 | €616,173 | -€224,593 | -€840,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €616,173 | -€224,593 | -€840,766 |
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 26 October 2026 via checked.be.