N8RHL: what changed
Two fiscal 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.
N8RHL
Largest movements
- Cash +€32,192
up €32,192 (+50.3%), from €63,974 to €96,166
mainly Net result for the year (+€50,301) and Depreciation (+€8,998)
- Current investments -€5,430
down €5,430 (-5.8%), from €93,360 to €87,930
- Tangible fixed assets -€3,887
down €3,887 (-14.4%), from €27,049 to €23,162
of which Furniture and vehicles: -€5,117
- Reserves +€48,635
up €48,635 (+30.5%), from €159,472 to €208,107
of which Distributable reserves: +€48,635
- Other debts -€12,287
down €12,287 (-76.1%), from €16,143 to €3,856
- Tax, wage and social debts -€7,884
down €7,884 (-33.7%), from €23,391 to €15,507
of which Remuneration and social security: -€4,289
- Current portion of long-term debt -€4,132
down €4,132 (-100.0%), from €4,132 to €0
- Staff costs -€21,997
down €21,997 (-47.5%), from €46,338 to €24,341
- Taxes +€6,351
up €6,351 (+45.0%), from €14,118 to €20,468
- Financial income +€3,062
up €3,062 (+1695.7%), from €181 to €3,243
- Financial charges +€2,075
up €2,075, from -€200 to €1,874
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 | €221,432 | €244,960 | +€23,528 | +10.6% |
| Fixed assets | 21/28 | €33,449 | €29,562 | -€3,887 | -11.6% |
| Tangible fixed assets | 22/27 | €27,049 | €23,162 | -€3,887 | -14.4% |
| Furniture and vehicles | 24 | €15,897 | €10,779 | -€5,117 | -32.2% |
| Other tangible fixed assets | 26 | €11,153 | €12,383 | +€1,231 | +11.0% |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €187,983 | €215,398 | +€27,415 | +14.6% |
| Amounts receivable within one year | 40/41 | €27,500 | €28,477 | +€977 | +3.6% |
| Trade receivables | 40 | €26,564 | €23,622 | -€2,942 | -11.1% |
| Other amounts receivable | 41 | €936 | €4,855 | +€3,919 | +418.6% |
| Current investments | 50/53 | €93,360 | €87,930 | -€5,430 | -5.8% |
| Cash at bank and in hand | 54/58 | €63,974 | €96,166 | +€32,192 | +50.3% |
| Deferred charges and accrued income | 490/1 | €3,149 | €2,825 | -€324 | -10.3% |
| Total equity and liabilities | 10/49 | €221,432 | €244,960 | +€23,528 | +10.6% |
| Equity | 10/15 | €171,972 | €220,607 | +€48,635 | +28.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €159,472 | €208,107 | +€48,635 | +30.5% |
| Tax-exempt reserves | 132 | €641 | €641 | = | 0.0% |
| Distributable reserves | 133 | €158,831 | €207,466 | +€48,635 | +30.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,460 | €24,353 | -€25,107 | -50.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €48,348 | €23,502 | -€24,846 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €4,132 | €0 | -€4,132 | -100.0% |
| Financial debts | 43 | €807 | €1,395 | +€588 | +72.8% |
| Credit institutions | 430/8 | €807 | €1,395 | +€588 | +72.8% |
| Trade debts | 44 | €3,874 | €2,744 | -€1,131 | -29.2% |
| Suppliers | 440/4 | €3,874 | €2,744 | -€1,131 | -29.2% |
| Taxes, remuneration and social security | 45 | €23,391 | €15,507 | -€7,884 | -33.7% |
| Taxes | 450/3 | €14,010 | €10,415 | -€3,595 | -25.7% |
| Remuneration and social security | 454/9 | €9,382 | €5,093 | -€4,289 | -45.7% |
| Other amounts payable | 47/48 | €16,143 | €3,856 | -€12,287 | -76.1% |
| Accrued charges and deferred income | 492/3 | €1,113 | €851 | -€261 | -23.5% |
| Remuneration, social security and pensions | 62 | €46,338 | €24,341 | -€21,997 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,895 | €8,998 | +€104 | +1.2% |
| Other operating charges | 640/8 | €1,172 | €1,136 | -€35 | -3.0% |
| Gross operating margin | 9900 | €103,629 | €103,877 | +€247 | +0.2% |
| Operating profit (loss) | 9901 | €47,225 | €69,401 | +€22,175 | +47.0% |
| Financial income | 75/76B | €181 | €3,243 | +€3,062 | +1695.7% |
| Recurring financial income | 75 | €181 | €3,243 | +€3,062 | +1695.7% |
| Financial charges | 65/66B | -€200 | €1,874 | +€2,075 | |
| Recurring financial charges | 65 | -€200 | €1,874 | +€2,075 | |
| Profit (loss) for the period before taxes | 9903 | €47,606 | €70,769 | +€23,163 | +48.7% |
| Income taxes | 67/77 | €14,118 | €20,468 | +€6,351 | +45.0% |
| Profit (loss) for the period | 9904 | €33,488 | €50,301 | +€16,813 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,488 | €50,301 | +€16,813 | +50.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.