N&T TRADING: what changed
N&T TRADING
Largest movements
- Receivables within one year +€25,342
up €25,342 (+162%), from €15,607 to €40,949
of which Trade receivables: +€24,235
- Tangible fixed assets +€467
up €467 (+83.4%), from €560 to €1,027
- Profit (loss) carried forward +€21,533
up €21,533 (+87.8%), from -€24,523 to -€2,990
- Tax, wage and social debts +€2,348
new in 2025: €2,348
- Other debts +€2,107
up €2,107 (+10.2%), from €20,583 to €22,690
- Gross operating margin +€17,243
up €17,243 (+220%), from €7,827 to €25,070
- Taxes +€2,348
new in 2025: €2,348
- Other operating charges -€394
no longer reported in 2025 (was €394)
- Depreciation +€293
up €293 (+70.9%), from €413 to €706
- Financial charges +€258
up €258 (+115%), from €225 to €483
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,169 | €42,048 | +€25,879 | +160% |
| Fixed assets | 21/28 | €560 | €1,027 | +€467 | +83.4% |
| Tangible fixed assets | 22/27 | €560 | €1,027 | +€467 | +83.4% |
| Furniture and vehicles | 24 | €560 | €1,027 | +€467 | +83.4% |
| Current assets | 29/58 | €15,609 | €41,021 | +€25,412 | +163% |
| Amounts receivable within one year | 40/41 | €15,607 | €40,949 | +€25,342 | +162% |
| Trade receivables | 40 | €15,031 | €39,266 | +€24,235 | +161% |
| Other amounts receivable | 41 | €576 | €1,683 | +€1,107 | +192% |
| Cash at bank and in hand | 54/58 | €2 | €72 | +€70 | +3,500% |
| Total equity and liabilities | 10/49 | €16,169 | €42,048 | +€25,879 | +160% |
| Equity | 10/15 | -€4,523 | €17,010 | +€21,533 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,523 | -€2,990 | +€21,533 | +87.8% |
| Amounts payable | 17/49 | €20,692 | €25,038 | +€4,346 | +21.0% |
| Amounts payable within one year | 42/48 | €20,692 | €25,038 | +€4,346 | +21.0% |
| Trade debts | 44 | €109 | - | -€109 | |
| Suppliers | 440/4 | €109 | - | -€109 | |
| Taxes, remuneration and social security | 45 | - | €2,348 | +€2,348 | |
| Taxes | 450/3 | - | €2,348 | +€2,348 | |
| Other amounts payable | 47/48 | €20,583 | €22,690 | +€2,107 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €706 | +€293 | +70.9% |
| Other operating charges | 640/8 | €394 | - | -€394 | |
| Gross operating margin | 9900 | €7,827 | €25,070 | +€17,243 | +220% |
| Operating profit (loss) | 9901 | €7,020 | €24,364 | +€17,344 | +247% |
| Financial charges | 65/66B | €225 | €483 | +€258 | +115% |
| Recurring financial charges | 65 | €225 | €483 | +€258 | +115% |
| Profit (loss) for the period before taxes | 9903 | €6,795 | €23,881 | +€17,086 | +251% |
| Income taxes | 67/77 | - | €2,348 | +€2,348 | |
| Profit (loss) for the period | 9904 | €6,795 | €21,533 | +€14,738 | +217% |
| Profit (loss) for the period to be appropriated | 9905 | €6,795 | €21,533 | +€14,738 | +217% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.