NABO: 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.
NABO
Largest movements
- Receivables within one year -€19,060
down €19,060 (-50.3%), from €37,927 to €18,867
of which Trade receivables: -€17,560
- Cash +€17,616
up €17,616 (+498.0%), from €3,537 to €21,153
mainly Net result for the year (+€30,307) and Receivables within one year (+€19,060)
- Tangible fixed assets -€14,622
down €14,622 (-56.1%), from €26,077 to €11,456
of which Leasing and similar rights: -€13,158
- Receivables after one year -€6,000
no longer reported in 2025 (was €6,000)
- Deferred charges and accrued income +€794
up €794 (+57.9%), from €1,370 to €2,164
- Other debts -€15,646
down €15,646 (-53.6%), from €29,210 to €13,564
- Debts after one year -€8,440
no longer reported in 2025 (was €8,440)
- Trade debts +€2,645
up €2,645 (+63.9%), from €4,139 to €6,784
- Current portion of long-term debt -€848
down €848 (-9.1%), from €9,287 to €8,440
- Gross operating margin +€4,065
up €4,065 (+7.9%), from €51,374 to €55,440
- Taxes +€1,148
up €1,148 (+15.6%), from €7,373 to €8,521
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 | €74,912 | €53,640 | -€21,272 | -28.4% |
| Fixed assets | 21/28 | €26,077 | €11,456 | -€14,622 | -56.1% |
| Tangible fixed assets | 22/27 | €26,077 | €11,456 | -€14,622 | -56.1% |
| Plant, machinery and equipment | 23 | €84 | - | -€84 | |
| Furniture and vehicles | 24 | €3,860 | €2,480 | -€1,380 | -35.8% |
| Leasing and similar rights | 25 | €22,133 | €8,976 | -€13,158 | -59.4% |
| Current assets | 29/58 | €48,834 | €42,184 | -€6,650 | -13.6% |
| Amounts receivable after more than one year | 29 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 291 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €37,927 | €18,867 | -€19,060 | -50.3% |
| Trade receivables | 40 | €36,300 | €18,740 | -€17,560 | -48.4% |
| Other amounts receivable | 41 | €1,627 | €127 | -€1,500 | -92.2% |
| Cash at bank and in hand | 54/58 | €3,537 | €21,153 | +€17,616 | +498.0% |
| Deferred charges and accrued income | 490/1 | €1,370 | €2,164 | +€794 | +57.9% |
| Total equity and liabilities | 10/49 | €74,912 | €53,640 | -€21,272 | -28.4% |
| Equity | 10/15 | €20,602 | €20,909 | +€307 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,002 | €2,309 | +€307 | +15.3% |
| Tax-exempt reserves | 132 | €142 | €142 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €2,167 | +€307 | +16.5% |
| Amounts payable | 17/49 | €54,310 | €32,731 | -€21,579 | -39.7% |
| Amounts payable after more than one year | 17 | €8,440 | - | -€8,440 | |
| Financial debts | 170/4 | €8,440 | - | -€8,440 | |
| Amounts payable within one year | 42/48 | €45,850 | €32,731 | -€13,119 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €9,287 | €8,440 | -€848 | -9.1% |
| Trade debts | 44 | €4,139 | €6,784 | +€2,645 | +63.9% |
| Suppliers | 440/4 | €4,139 | €6,784 | +€2,645 | +63.9% |
| Taxes, remuneration and social security | 45 | €3,213 | €3,943 | +€730 | +22.7% |
| Taxes | 450/3 | €3,213 | €3,943 | +€730 | +22.7% |
| Other amounts payable | 47/48 | €29,210 | €13,564 | -€15,646 | -53.6% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,093 | €14,622 | -€472 | -3.1% |
| Other operating charges | 640/8 | €1,900 | €1,734 | -€166 | -8.7% |
| Gross operating margin | 9900 | €51,374 | €55,440 | +€4,065 | +7.9% |
| Operating profit (loss) | 9901 | €34,381 | €39,084 | +€4,703 | +13.7% |
| Financial income | 75/76B | €160 | €267 | +€107 | +67.1% |
| Recurring financial income | 75 | €160 | €267 | +€107 | +67.1% |
| Financial charges | 65/66B | €700 | €524 | -€176 | -25.2% |
| Recurring financial charges | 65 | €700 | €524 | -€176 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €33,841 | €38,828 | +€4,987 | +14.7% |
| Income taxes | 67/77 | €7,373 | €8,521 | +€1,148 | +15.6% |
| Profit (loss) for the period | 9904 | €26,468 | €30,307 | +€3,839 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,468 | €30,307 | +€3,839 | +14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.