NB & Co: 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.
NB & Co
Largest movements
- Receivables within one year +€212,134
up €212,134 (+643%), from €32,974 to €245,108
of which Trade receivables: +€212,134
- Tangible fixed assets +€11,913
up €11,913 (+36.7%), from €32,420 to €44,333
of which Furniture and vehicles: +€11,290
- Intangible fixed assets -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Cash -€6,282
down €6,282 (-7.8%), from €80,477 to €74,195
mainly Receivables within one year (-€212,134) and Investment in fixed assets (net) (-€25,304)
- Trade debts +€142,146
up €142,146 (+110%), from €128,651 to €270,797
- Profit (loss) carried forward +€23,631
up €23,631 (+15.9%), from -€148,900 to -€125,269
- Short-term financial debts +€23,407
up €23,407 (+96.5%), from €24,250 to €47,657
- Debts after one year +€10,083
up €10,083 (+5.9%), from €169,679 to €179,761
- Tax, wage and social debts +€8,435
up €8,435 (+27.3%), from €30,897 to €39,332
of which Taxes: +€5,708
- Staff costs +€22,039
up €22,039 (+11.6%), from €189,367 to €211,406
- Other operating charges -€12,162
down €12,162 (-44.0%), from €27,635 to €15,473
- Gross operating margin +€12,062
up €12,062 (+4.3%), from €277,777 to €289,839
- Depreciation +€4,422
up €4,422 (+20.5%), from €21,620 to €26,042
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 | €237,576 | €440,259 | +€202,683 | +85.3% |
| Formation expenses | 20 | €11,821 | €9,171 | -€2,650 | -22.4% |
| Fixed assets | 21/28 | €62,630 | €64,543 | +€1,913 | +3.1% |
| Intangible fixed assets | 21 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Tangible fixed assets | 22/27 | €32,420 | €44,333 | +€11,913 | +36.7% |
| Plant, machinery and equipment | 23 | €31,108 | €31,730 | +€623 | +2.0% |
| Furniture and vehicles | 24 | €1,312 | €12,602 | +€11,290 | +860% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €163,125 | €366,546 | +€203,421 | +125% |
| Stocks and contracts in progress | 3 | €49,566 | €47,116 | -€2,450 | -4.9% |
| Stocks | 30/36 | €49,566 | €47,116 | -€2,450 | -4.9% |
| Amounts receivable within one year | 40/41 | €32,974 | €245,108 | +€212,134 | +643% |
| Trade receivables | 40 | €26,457 | €238,592 | +€212,134 | +802% |
| Other amounts receivable | 41 | €6,517 | €6,517 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €80,477 | €74,195 | -€6,282 | -7.8% |
| Deferred charges and accrued income | 490/1 | €107 | €126 | +€19 | +17.3% |
| Total equity and liabilities | 10/49 | €237,576 | €440,259 | +€202,683 | +85.3% |
| Equity | 10/15 | -€123,900 | -€100,269 | +€23,631 | +19.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,900 | -€125,269 | +€23,631 | +15.9% |
| Amounts payable | 17/49 | €361,476 | €540,529 | +€179,052 | +49.5% |
| Amounts payable after more than one year | 17 | €169,679 | €179,761 | +€10,083 | +5.9% |
| Other amounts payable | 178/9 | €169,679 | €179,761 | +€10,083 | +5.9% |
| Amounts payable within one year | 42/48 | €191,798 | €357,786 | +€165,988 | +86.5% |
| Financial debts | 43 | €24,250 | €47,657 | +€23,407 | +96.5% |
| Credit institutions | 430/8 | €24,250 | €47,657 | +€23,407 | +96.5% |
| Trade debts | 44 | €128,651 | €270,797 | +€142,146 | +110% |
| Suppliers | 440/4 | €128,651 | €270,797 | +€142,146 | +110% |
| Taxes, remuneration and social security | 45 | €30,897 | €39,332 | +€8,435 | +27.3% |
| Taxes | 450/3 | €11,446 | €17,154 | +€5,708 | +49.9% |
| Remuneration and social security | 454/9 | €19,451 | €22,178 | +€2,727 | +14.0% |
| Other amounts payable | 47/48 | €8,000 | - | -€8,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,981 | +€2,981 | |
| Remuneration, social security and pensions | 62 | €189,367 | €211,406 | +€22,039 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,620 | €26,042 | +€4,422 | +20.5% |
| Other operating charges | 640/8 | €27,635 | €15,473 | -€12,162 | -44.0% |
| Gross operating margin | 9900 | €277,777 | €289,839 | +€12,062 | +4.3% |
| Operating profit (loss) | 9901 | €39,156 | €36,919 | -€2,237 | -5.7% |
| Financial income | 75/76B | €74 | - | -€74 | |
| Recurring financial income | 75 | €74 | - | -€74 | |
| Financial charges | 65/66B | €13,850 | €13,288 | -€562 | -4.1% |
| Recurring financial charges | 65 | €13,850 | €13,288 | -€562 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €25,379 | €23,631 | -€1,748 | -6.9% |
| Profit (loss) for the period | 9904 | €25,379 | €23,631 | -€1,748 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,379 | €23,631 | -€1,748 | -6.9% |
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.