NABUS: 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.
NABUS
Largest movements
- Current investments +€47,063
up €47,063 (+6.5%), from €718,961 to €766,024
- Cash +€33,846
up €33,846 (+21.4%), from €158,380 to €192,226
mainly Net result for the year (+€35,395) and Other debts (+€21,705)
- Tangible fixed assets -€16,909
down €16,909 (-21.5%), from €78,623 to €61,714
of which Furniture and vehicles: -€15,388
- Receivables within one year -€16,624
down €16,624 (-45.2%), from €36,775 to €20,151
of which Trade receivables: -€8,993
- Reserves +€35,395
up €35,395 (+5.4%), from €654,522 to €689,917
of which Distributable reserves: +€35,395
- Other debts +€21,705
up €21,705 (+7.1%), from €306,013 to €327,717
- Tax, wage and social debts -€11,580
down €11,580 (-90.8%), from €12,757 to €1,177
- Gross operating margin -€44,797
down €44,797 (-38.3%), from €116,818 to €72,021
- Taxes -€11,240
down €11,240 (-41.0%), from €27,402 to €16,162
- Financial charges -€3,475
down €3,475 (-13.0%), from €26,811 to €23,336
- Financial income -€2,075
down €2,075 (-8.9%), from €23,279 to €21,204
- Depreciation +€1,274
up €1,274 (+8.1%), from €15,636 to €16,909
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 | €1,005,255 | €1,050,553 | +€45,298 | +4.5% |
| Fixed assets | 21/28 | €78,623 | €61,714 | -€16,909 | -21.5% |
| Tangible fixed assets | 22/27 | €78,623 | €61,714 | -€16,909 | -21.5% |
| Furniture and vehicles | 24 | €73,513 | €58,125 | -€15,388 | -20.9% |
| Other tangible fixed assets | 26 | €5,111 | €3,589 | -€1,521 | -29.8% |
| Current assets | 29/58 | €926,632 | €988,839 | +€62,207 | +6.7% |
| Amounts receivable within one year | 40/41 | €36,775 | €20,151 | -€16,624 | -45.2% |
| Trade receivables | 40 | €22,061 | €13,068 | -€8,993 | -40.8% |
| Other amounts receivable | 41 | €14,714 | €7,083 | -€7,630 | -51.9% |
| Current investments | 50/53 | €718,961 | €766,024 | +€47,063 | +6.5% |
| Cash at bank and in hand | 54/58 | €158,380 | €192,226 | +€33,846 | +21.4% |
| Deferred charges and accrued income | 490/1 | €12,516 | €10,437 | -€2,079 | -16.6% |
| Total equity and liabilities | 10/49 | €1,005,255 | €1,050,553 | +€45,298 | +4.5% |
| Equity | 10/15 | €660,722 | €696,117 | +€35,395 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €654,522 | €689,917 | +€35,395 | +5.4% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €641,522 | €676,917 | +€35,395 | +5.5% |
| Amounts payable | 17/49 | €344,533 | €354,436 | +€9,902 | +2.9% |
| Amounts payable within one year | 42/48 | €319,918 | €332,002 | +€12,083 | +3.8% |
| Trade debts | 44 | €1,149 | €3,107 | +€1,959 | +170.6% |
| Suppliers | 440/4 | €1,149 | €3,107 | +€1,959 | +170.6% |
| Taxes, remuneration and social security | 45 | €12,757 | €1,177 | -€11,580 | -90.8% |
| Taxes | 450/3 | €12,757 | €1,177 | -€11,580 | -90.8% |
| Other amounts payable | 47/48 | €306,013 | €327,717 | +€21,705 | +7.1% |
| Accrued charges and deferred income | 492/3 | €24,615 | €22,434 | -€2,181 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,636 | €16,909 | +€1,274 | +8.1% |
| Other operating charges | 640/8 | €1,439 | €1,422 | -€17 | -1.2% |
| Gross operating margin | 9900 | €116,818 | €72,021 | -€44,797 | -38.3% |
| Operating profit (loss) | 9901 | €99,743 | €53,690 | -€46,054 | -46.2% |
| Financial income | 75/76B | €23,279 | €21,204 | -€2,075 | -8.9% |
| Recurring financial income | 75 | €23,279 | €21,204 | -€2,075 | -8.9% |
| Financial charges | 65/66B | €26,811 | €23,336 | -€3,475 | -13.0% |
| Recurring financial charges | 65 | €26,811 | €23,336 | -€3,475 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €96,211 | €51,558 | -€44,654 | -46.4% |
| Income taxes | 67/77 | €27,402 | €16,162 | -€11,240 | -41.0% |
| Profit (loss) for the period | 9904 | €68,809 | €35,395 | -€33,414 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,809 | €35,395 | -€33,414 | -48.6% |
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 7 October 2026 via checked.be.