NB-LAW: 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-LAW
Largest movements
- Receivables within one year -€18,128
down €18,128 (-22.6%), from €80,267 to €62,139
of which Other amounts receivable: -€16,922
- Cash +€15,023
up €15,023 (+288%), from €5,214 to €20,236
mainly Receivables within one year (+€18,128) and Depreciation (+€15,028)
- Intangible fixed assets -€10,017
down €10,017 (-16.5%), from €60,692 to €50,675
- Financial fixed assets -€4,816
down €4,816 (-100%), from €4,816 to €0
- Tangible fixed assets -€3,384
down €3,384 (-12.5%), from €27,115 to €23,731
of which Other tangible fixed assets: -€2,507
- Trade debts -€29,415
down €29,415 (-59.9%), from €49,128 to €19,713
- Profit (loss) carried forward +€9,684
up €9,684 (+12.9%), from €75,203 to €84,887
- Other debts +€6,421
up €6,421 (+83.8%), from €7,660 to €14,081
- Debts after one year -€5,851
down €5,851 (-35.7%), from €16,370 to €10,519
- Tax, wage and social debts -€4,327
down €4,327 (-18.8%), from €23,045 to €18,718
of which Remuneration and social security: -€4,881
- Gross operating margin +€13,293
up €13,293 (+15.8%), from €84,016 to €97,309
- Taxes +€2,682
up €2,682 (+71.5%), from €3,751 to €6,433
- Staff costs -€2,656
down €2,656 (-4.3%), from €61,912 to €59,256
- Depreciation +€2,307
up €2,307 (+18.1%), from €12,721 to €15,028
- Other operating charges -€1,318
down €1,318 (-29.5%), from €4,475 to €3,157
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 | €181,837 | €158,542 | -€23,295 | -12.8% |
| Fixed assets | 21/28 | €92,623 | €74,406 | -€18,217 | -19.7% |
| Intangible fixed assets | 21 | €60,692 | €50,675 | -€10,017 | -16.5% |
| Tangible fixed assets | 22/27 | €27,115 | €23,731 | -€3,384 | -12.5% |
| Furniture and vehicles | 24 | €5,981 | €5,104 | -€877 | -14.7% |
| Other tangible fixed assets | 26 | €21,135 | €18,627 | -€2,507 | -11.9% |
| Financial fixed assets | 28 | €4,816 | €0 | -€4,816 | -100% |
| Current assets | 29/58 | €89,214 | €84,136 | -€5,078 | -5.7% |
| Amounts receivable within one year | 40/41 | €80,267 | €62,139 | -€18,128 | -22.6% |
| Trade receivables | 40 | €32,895 | €31,688 | -€1,207 | -3.7% |
| Other amounts receivable | 41 | €47,373 | €30,451 | -€16,922 | -35.7% |
| Cash at bank and in hand | 54/58 | €5,214 | €20,236 | +€15,023 | +288% |
| Deferred charges and accrued income | 490/1 | €3,733 | €1,761 | -€1,972 | -52.8% |
| Total equity and liabilities | 10/49 | €181,837 | €158,542 | -€23,295 | -12.8% |
| Equity | 10/15 | €78,203 | €87,887 | +€9,684 | +12.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,203 | €84,887 | +€9,684 | +12.9% |
| Amounts payable | 17/49 | €103,635 | €70,655 | -€32,979 | -31.8% |
| Amounts payable after more than one year | 17 | €16,370 | €10,519 | -€5,851 | -35.7% |
| Financial debts | 170/4 | €16,370 | €10,519 | -€5,851 | -35.7% |
| Amounts payable within one year | 42/48 | €87,264 | €60,136 | -€27,128 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €7,432 | €7,624 | +€192 | +2.6% |
| Trade debts | 44 | €49,128 | €19,713 | -€29,415 | -59.9% |
| Suppliers | 440/4 | €49,128 | €19,713 | -€29,415 | -59.9% |
| Taxes, remuneration and social security | 45 | €23,045 | €18,718 | -€4,327 | -18.8% |
| Taxes | 450/3 | €7,399 | €7,954 | +€555 | +7.5% |
| Remuneration and social security | 454/9 | €15,646 | €10,765 | -€4,881 | -31.2% |
| Other amounts payable | 47/48 | €7,660 | €14,081 | +€6,421 | +83.8% |
| Remuneration, social security and pensions | 62 | €61,912 | €59,256 | -€2,656 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,721 | €15,028 | +€2,307 | +18.1% |
| Other operating charges | 640/8 | €4,475 | €3,157 | -€1,318 | -29.5% |
| Gross operating margin | 9900 | €84,016 | €97,309 | +€13,293 | +15.8% |
| Operating profit (loss) | 9901 | €4,908 | €19,868 | +€14,961 | +305% |
| Financial income | 75/76B | €94 | €152 | +€58 | +62.1% |
| Recurring financial income | 75 | €94 | €152 | +€58 | +62.1% |
| Financial charges | 65/66B | €3,453 | €3,903 | +€450 | +13.0% |
| Recurring financial charges | 65 | €3,453 | €3,903 | +€450 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €1,549 | €16,118 | +€14,569 | +941% |
| Income taxes | 67/77 | €3,751 | €6,433 | +€2,682 | +71.5% |
| Profit (loss) for the period | 9904 | -€2,203 | €9,684 | +€11,887 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,203 | €9,684 | +€11,887 |
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 19 October 2026 via checked.be.