NA-NUR: 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.
NA-NUR
Largest movements
- Cash +€59,726
up €59,726 (+78.7%), from €75,844 to €135,570
mainly Net result for the year (+€54,225) and Trade debts (+€9,663)
- Receivables within one year +€11,478
up €11,478 (+38.8%), from €29,563 to €41,041
- Tangible fixed assets -€9,558
down €9,558 (-26.2%), from €36,545 to €26,987
of which Plant, machinery and equipment: -€4,978
- Reserves +€53,392
up €53,392 (+78.4%), from €68,145 to €121,536
- Debts after one year -€11,012
down €11,012 (-48.9%), from €22,509 to €11,497
- Trade debts +€9,663
up €9,663 (+406%), from €2,379 to €12,042
- Tax, wage and social debts +€5,051
up €5,051 (+26.1%), from €19,333 to €24,384
of which Taxes: +€7,651
- Other debts +€4,087
up €4,087 (+23.8%), from €17,203 to €21,290
- Gross operating margin -€13,884
down €13,884 (-14.6%), from €94,801 to €80,916
- Taxes -€1,311
down €1,311 (-8.6%), from €15,253 to €13,942
- Staff costs +€973
new in 2025: €973
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 | €143,115 | €204,762 | +€61,646 | +43.1% |
| Fixed assets | 21/28 | €36,545 | €26,987 | -€9,558 | -26.2% |
| Tangible fixed assets | 22/27 | €36,545 | €26,987 | -€9,558 | -26.2% |
| Plant, machinery and equipment | 23 | €25,289 | €20,311 | -€4,978 | -19.7% |
| Furniture and vehicles | 24 | €11,256 | €6,676 | -€4,580 | -40.7% |
| Current assets | 29/58 | €106,570 | €177,775 | +€71,205 | +66.8% |
| Stocks and contracts in progress | 3 | €1,163 | €1,163 | = | 0.0% |
| Stocks | 30/36 | €1,163 | €1,163 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,563 | €41,041 | +€11,478 | +38.8% |
| Trade receivables | 40 | €29,563 | €41,041 | +€11,478 | +38.8% |
| Cash at bank and in hand | 54/58 | €75,844 | €135,570 | +€59,726 | +78.7% |
| Total equity and liabilities | 10/49 | €143,115 | €204,762 | +€61,646 | +43.1% |
| Equity | 10/15 | €71,145 | €124,536 | +€53,392 | +75.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,145 | €121,536 | +€53,392 | +78.4% |
| Distributable reserves | 133 | €68,145 | €121,536 | +€53,392 | +78.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €71,970 | €80,225 | +€8,255 | +11.5% |
| Amounts payable after more than one year | 17 | €22,509 | €11,497 | -€11,012 | -48.9% |
| Financial debts | 170/4 | €22,509 | €11,497 | -€11,012 | -48.9% |
| Amounts payable within one year | 42/48 | €49,461 | €68,729 | +€19,267 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €10,546 | €11,012 | +€466 | +4.4% |
| Trade debts | 44 | €2,379 | €12,042 | +€9,663 | +406% |
| Suppliers | 440/4 | €2,379 | €12,042 | +€9,663 | +406% |
| Taxes, remuneration and social security | 45 | €19,333 | €24,384 | +€5,051 | +26.1% |
| Taxes | 450/3 | €16,733 | €24,384 | +€7,651 | +45.7% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100% |
| Other amounts payable | 47/48 | €17,203 | €21,290 | +€4,087 | +23.8% |
| Remuneration, social security and pensions | 62 | - | €973 | +€973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,489 | €9,558 | +€69 | +0.7% |
| Other operating charges | 640/8 | €118 | €811 | +€693 | +587% |
| Gross operating margin | 9900 | €94,801 | €80,916 | -€13,884 | -14.6% |
| Operating profit (loss) | 9901 | €85,193 | €69,574 | -€15,620 | -18.3% |
| Financial income | 75/76B | €250 | €3 | -€247 | -99.0% |
| Recurring financial income | 75 | €250 | €3 | -€247 | -99.0% |
| Financial charges | 65/66B | €1,838 | €1,410 | -€428 | -23.3% |
| Recurring financial charges | 65 | €1,838 | €1,410 | -€428 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €83,605 | €68,166 | -€15,439 | -18.5% |
| Income taxes | 67/77 | €15,253 | €13,942 | -€1,311 | -8.6% |
| Profit (loss) for the period | 9904 | €68,352 | €54,225 | -€14,127 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,352 | €54,225 | -€14,127 | -20.7% |
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 20 October 2026 via checked.be.