NB POWER: 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 POWER
Largest movements
- Cash +€28,234
up €28,234 (+45.5%), from €62,072 to €90,306
mainly Tax, wage and social debts (+€25,026) and Net result for the year (+€23,647)
- Receivables within one year +€20,045
up €20,045 (+47.3%), from €42,351 to €62,396
of which Trade receivables: +€29,388
- Tangible fixed assets -€12,899
down €12,899 (-30.1%), from €42,825 to €29,926
- Reserves +€99,595
new in 2025: €99,595
- Profit (loss) carried forward -€75,948
down €75,948 (-100.0%), from €75,948 to €0
- Tax, wage and social debts +€25,026
up €25,026 (+106.2%), from €23,567 to €48,592
of which Taxes: +€31,383
- Trade debts -€12,108
down €12,108 (-89.1%), from €13,584 to €1,476
- Debts after one year -€8,682
down €8,682 (-36.7%), from €23,677 to €14,996
- Gross operating margin +€101,326
up €101,326 (+52.6%), from €192,763 to €294,089
- Staff costs +€65,709
up €65,709 (+36.6%), from €179,498 to €245,206
- Taxes +€7,714
up €7,714 (+420.8%), from €1,833 to €9,547
- Depreciation +€3,402
up €3,402 (+35.8%), from €9,497 to €12,899
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 | €147,247 | €182,628 | +€35,381 | +24.0% |
| Fixed assets | 21/28 | €42,825 | €29,926 | -€12,899 | -30.1% |
| Tangible fixed assets | 22/27 | €42,825 | €29,926 | -€12,899 | -30.1% |
| Furniture and vehicles | 24 | €42,825 | €29,926 | -€12,899 | -30.1% |
| Current assets | 29/58 | €104,422 | €152,702 | +€48,279 | +46.2% |
| Amounts receivable within one year | 40/41 | €42,351 | €62,396 | +€20,045 | +47.3% |
| Trade receivables | 40 | €25,636 | €55,024 | +€29,388 | +114.6% |
| Other amounts receivable | 41 | €16,714 | €7,372 | -€9,342 | -55.9% |
| Cash at bank and in hand | 54/58 | €62,072 | €90,306 | +€28,234 | +45.5% |
| Total equity and liabilities | 10/49 | €147,247 | €182,628 | +€35,381 | +24.0% |
| Equity | 10/15 | €76,948 | €100,595 | +€23,647 | +30.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | - | €99,595 | +€99,595 | |
| Distributable reserves | 133 | - | €99,595 | +€99,595 | |
| Profit (loss) carried forward | 14 | €75,948 | €0 | -€75,948 | -100.0% |
| Amounts payable | 17/49 | €70,299 | €82,033 | +€11,733 | +16.7% |
| Amounts payable after more than one year | 17 | €23,677 | €14,996 | -€8,682 | -36.7% |
| Financial debts | 170/4 | €23,677 | €14,996 | -€8,682 | -36.7% |
| Amounts payable within one year | 42/48 | €46,622 | €67,037 | +€20,415 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €9,471 | €9,471 | = | 0.0% |
| Trade debts | 44 | €13,584 | €1,476 | -€12,108 | -89.1% |
| Suppliers | 440/4 | €13,584 | €1,476 | -€12,108 | -89.1% |
| Taxes, remuneration and social security | 45 | €23,567 | €48,592 | +€25,026 | +106.2% |
| Taxes | 450/3 | €17,210 | €48,592 | +€31,383 | +182.4% |
| Remuneration and social security | 454/9 | €6,357 | €0 | -€6,357 | -100.0% |
| Other amounts payable | 47/48 | - | €7,497 | +€7,497 | |
| Remuneration, social security and pensions | 62 | €179,498 | €245,206 | +€65,709 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,497 | €12,899 | +€3,402 | +35.8% |
| Other operating charges | 640/8 | €988 | €2,150 | +€1,162 | +117.6% |
| Gross operating margin | 9900 | €192,763 | €294,089 | +€101,326 | +52.6% |
| Operating profit (loss) | 9901 | €2,781 | €33,834 | +€31,053 | +1116.7% |
| Financial income | 75/76B | €637 | €0 | -€637 | -100.0% |
| Recurring financial income | 75 | €637 | €0 | -€637 | -100.0% |
| Financial charges | 65/66B | €83 | €639 | +€557 | +674.2% |
| Recurring financial charges | 65 | €83 | €639 | +€557 | +674.2% |
| Profit (loss) for the period before taxes | 9903 | €3,336 | €33,195 | +€29,859 | +895.2% |
| Income taxes | 67/77 | €1,833 | €9,547 | +€7,714 | +420.8% |
| Profit (loss) for the period | 9904 | €1,502 | €23,647 | +€22,145 | +1473.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,502 | €23,647 | +€22,145 | +1473.9% |
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 12 October 2026 via checked.be.