NABRU: 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.
NABRU
Largest movements
- Receivables within one year +€33,022
new in 2025: €33,022
- Receivables after one year -€26,957
no longer reported in 2025 (was €26,957)
- Current investments +€22,061
new in 2025: €22,061
- Cash +€19,791
up €19,791 (+25.9%), from €76,512 to €96,303
mainly Net result for the year (+€55,647) and Other debts (+€55,000)
- Tangible fixed assets +€3,919
up €3,919 (+83.8%), from €4,678 to €8,597
of which Furniture and vehicles: +€4,758
- Other debts +€55,000
up €55,000 (+211,538%), from €26 to €55,026
- Tax, wage and social debts -€3,754
down €3,754 (-13.3%), from €28,295 to €24,541
- Gross operating margin +€12,492
up €12,492 (+20.6%), from €60,547 to €73,039
- Taxes +€2,607
up €2,607 (+20.5%), from €12,712 to €15,319
- Depreciation +€1,037
up €1,037 (+200%), from €518 to €1,555
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 | €109,447 | €159,983 | +€50,536 | +46.2% |
| Fixed assets | 21/28 | €4,678 | €8,597 | +€3,919 | +83.8% |
| Tangible fixed assets | 22/27 | €4,678 | €8,597 | +€3,919 | +83.8% |
| Plant, machinery and equipment | 23 | €4,106 | €3,267 | -€839 | -20.4% |
| Furniture and vehicles | 24 | €572 | €5,330 | +€4,758 | +832% |
| Current assets | 29/58 | €104,769 | €151,386 | +€46,617 | +44.5% |
| Amounts receivable after more than one year | 29 | €26,957 | - | -€26,957 | |
| Trade receivables | 290 | €26,957 | - | -€26,957 | |
| Amounts receivable within one year | 40/41 | - | €33,022 | +€33,022 | |
| Trade receivables | 40 | - | €33,022 | +€33,022 | |
| Current investments | 50/53 | - | €22,061 | +€22,061 | |
| Cash at bank and in hand | 54/58 | €76,512 | €96,303 | +€19,791 | +25.9% |
| Deferred charges and accrued income | 490/1 | €1,300 | - | -€1,300 | |
| Total equity and liabilities | 10/49 | €109,447 | €159,983 | +€50,536 | +46.2% |
| Equity | 10/15 | €79,059 | €79,706 | +€647 | +0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,059 | €76,706 | +€647 | +0.9% |
| Distributable reserves | 133 | €76,059 | €76,706 | +€647 | +0.9% |
| Amounts payable | 17/49 | €30,388 | €80,277 | +€49,889 | +164% |
| Amounts payable within one year | 42/48 | €30,388 | €80,277 | +€49,889 | +164% |
| Trade debts | 44 | €2,067 | €710 | -€1,357 | -65.7% |
| Suppliers | 440/4 | €2,067 | €710 | -€1,357 | -65.7% |
| Taxes, remuneration and social security | 45 | €28,295 | €24,541 | -€3,754 | -13.3% |
| Taxes | 450/3 | €28,295 | €24,541 | -€3,754 | -13.3% |
| Other amounts payable | 47/48 | €26 | €55,026 | +€55,000 | +211,538% |
| Non-recurring operating income | 76A | €260 | - | -€260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518 | €1,555 | +€1,037 | +200% |
| Other operating charges | 640/8 | €770 | €541 | -€229 | -29.7% |
| Gross operating margin | 9900 | €60,547 | €73,039 | +€12,492 | +20.6% |
| Operating profit (loss) | 9901 | €59,259 | €70,943 | +€11,684 | +19.7% |
| Financial income | 75/76B | - | €87 | +€87 | |
| Recurring financial income | 75 | - | €87 | +€87 | |
| Financial charges | 65/66B | €253 | €64 | -€189 | -74.7% |
| Recurring financial charges | 65 | €253 | €64 | -€189 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €59,006 | €70,966 | +€11,960 | +20.3% |
| Income taxes | 67/77 | €12,712 | €15,319 | +€2,607 | +20.5% |
| Profit (loss) for the period | 9904 | €46,294 | €55,647 | +€9,353 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,294 | €55,647 | +€9,353 | +20.2% |
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 16 October 2026 via checked.be.