NABUCHODONOSOR: 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.
NABUCHODONOSOR
Largest movements
- Financial fixed assets +€375,000
up €375,000 (+7.3%), from €5.1m to €5.5m
- Receivables within one year -€281,175
down €281,175 (-80.9%), from €347,748 to €66,573
of which Other amounts receivable: -€283,256
- Cash +€197,090
up €197,090 (+3,233%), from €6,095 to €203,185
mainly Receivables within one year (+€281,175) and Other debts (+€280,000)
- Other debts +€280,000
up €280,000 (+94.9%), from €295,000 to €575,000
- Gross operating margin -€17,285
down €17,285 (-15.8%), from €109,306 to €92,021
- Staff costs +€5,561
up €5,561 (+8.3%), from €67,038 to €72,599
- Taxes +€2,609
up €2,609 (+158%), from €1,647 to €4,256
- Depreciation +€1,389
up €1,389 (+43.7%), from €3,178 to €4,566
- Other operating charges -€1,198
down €1,198 (-92.7%), from €1,292 to €94
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 | €5,504,354 | €5,790,703 | +€286,349 | +5.2% |
| Fixed assets | 21/28 | €5,150,511 | €5,520,945 | +€370,434 | +7.2% |
| Tangible fixed assets | 22/27 | €10,522 | €5,956 | -€4,566 | -43.4% |
| Furniture and vehicles | 24 | €10,522 | €5,956 | -€4,566 | -43.4% |
| Financial fixed assets | 28 | €5,139,988 | €5,514,988 | +€375,000 | +7.3% |
| Current assets | 29/58 | €353,843 | €269,758 | -€84,085 | -23.8% |
| Amounts receivable within one year | 40/41 | €347,748 | €66,573 | -€281,175 | -80.9% |
| Trade receivables | 40 | €60,748 | €62,829 | +€2,081 | +3.4% |
| Other amounts receivable | 41 | €287,000 | €3,744 | -€283,256 | -98.7% |
| Cash at bank and in hand | 54/58 | €6,095 | €203,185 | +€197,090 | +3,233% |
| Total equity and liabilities | 10/49 | €5,504,354 | €5,790,703 | +€286,349 | +5.2% |
| Equity | 10/15 | €1,437,989 | €1,448,336 | +€10,346 | +0.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,160,000 | €1,160,000 | = | 0.0% |
| Distributable reserves | 133 | €1,160,000 | €1,160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,989 | €38,336 | +€10,346 | +37.0% |
| Amounts payable | 17/49 | €4,066,365 | €4,342,367 | +€276,003 | +6.8% |
| Amounts payable after more than one year | 17 | €3,745,507 | €3,745,507 | = | 0.0% |
| Financial debts | 170/4 | €3,745,507 | €3,745,507 | = | 0.0% |
| Amounts payable within one year | 42/48 | €320,858 | €596,861 | +€276,003 | +86.0% |
| Trade debts | 44 | €7,260 | €4,420 | -€2,840 | -39.1% |
| Suppliers | 440/4 | €7,260 | €4,420 | -€2,840 | -39.1% |
| Taxes, remuneration and social security | 45 | €18,598 | €17,440 | -€1,157 | -6.2% |
| Taxes | 450/3 | €10,454 | €8,558 | -€1,896 | -18.1% |
| Remuneration and social security | 454/9 | €8,144 | €8,882 | +€738 | +9.1% |
| Other amounts payable | 47/48 | €295,000 | €575,000 | +€280,000 | +94.9% |
| Remuneration, social security and pensions | 62 | €67,038 | €72,599 | +€5,561 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,178 | €4,566 | +€1,389 | +43.7% |
| Other operating charges | 640/8 | €1,292 | €94 | -€1,198 | -92.7% |
| Gross operating margin | 9900 | €109,306 | €92,021 | -€17,285 | -15.8% |
| Operating profit (loss) | 9901 | €37,798 | €14,761 | -€23,036 | -60.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5,900% |
| Financial charges | 65/66B | €147 | €160 | +€13 | +9.0% |
| Recurring financial charges | 65 | €147 | €160 | +€13 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €37,651 | €14,602 | -€23,049 | -61.2% |
| Income taxes | 67/77 | €1,647 | €4,256 | +€2,609 | +158% |
| Profit (loss) for the period | 9904 | €36,004 | €10,346 | -€25,657 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,004 | €10,346 | -€25,657 | -71.3% |
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 27 October 2026 via checked.be.