NB-TRANS: 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.
NB-TRANS
Largest movements
- Receivables within one year +€534,671
up €534,671 (+41.9%), from €1.3m to €1.8m
of which Trade receivables: +€426,039
- Tangible fixed assets +€142,406
up €142,406 (+81.8%), from €173,992 to €316,398
- Deferred charges and accrued income -€49,330
down €49,330 (-61.8%), from €79,885 to €30,555
- Cash +€40,632
up €40,632 (+27.6%), from €147,091 to €187,723
mainly Other debts (+€792,263) and Net result for the year (+€272,035)
- Other debts +€792,263
up €792,263 (+211.6%), from €374,439 to €1.2m
- Trade debts -€537,383
down €537,383 (-59.1%), from €908,871 to €371,487
- Reserves +€270,317
up €270,317 (+96.0%), from €281,648 to €551,965
of which Distributable reserves: +€270,317
- Debts after one year +€66,176
up €66,176 (+192.0%), from €34,459 to €100,634
of which Financial debts: +€66,176
- Tax, wage and social debts +€56,919
up €56,919 (+45.2%), from €125,929 to €182,848
of which Remuneration and social security: +€51,083
- Gross operating margin +€329,827
up €329,827 (+27.8%), from €1.2m to €1.5m
- Staff costs +€122,209
up €122,209 (+15.7%), from €778,297 to €900,506
- Taxes +€37,559
up €37,559 (+62.4%), from €60,185 to €97,744
- Other operating charges +€23,863
up €23,863 (+36.4%), from €65,517 to €89,380
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 | €1,746,465 | €2,417,586 | +€671,121 | +38.4% |
| Fixed assets | 21/28 | €238,052 | €388,915 | +€150,862 | +63.4% |
| Tangible fixed assets | 22/27 | €173,992 | €316,398 | +€142,406 | +81.8% |
| Land and buildings | 22 | €3,709 | €3,245 | -€464 | -12.5% |
| Plant, machinery and equipment | 23 | €15,704 | €49,358 | +€33,653 | +214.3% |
| Furniture and vehicles | 24 | €154,579 | €196,777 | +€42,198 | +27.3% |
| Leasing and similar rights | 25 | - | €67,018 | +€67,018 | |
| Financial fixed assets | 28 | €64,060 | €72,516 | +€8,456 | +13.2% |
| Current assets | 29/58 | €1,508,412 | €2,028,671 | +€520,259 | +34.5% |
| Stocks and contracts in progress | 3 | €5,714 | - | -€5,714 | |
| Contracts in progress | 37 | €5,714 | - | -€5,714 | |
| Amounts receivable within one year | 40/41 | €1,275,723 | €1,810,394 | +€534,671 | +41.9% |
| Trade receivables | 40 | €1,204,028 | €1,630,066 | +€426,039 | +35.4% |
| Other amounts receivable | 41 | €71,695 | €180,327 | +€108,632 | +151.5% |
| Cash at bank and in hand | 54/58 | €147,091 | €187,723 | +€40,632 | +27.6% |
| Deferred charges and accrued income | 490/1 | €79,885 | €30,555 | -€49,330 | -61.8% |
| Total equity and liabilities | 10/49 | €1,746,465 | €2,417,586 | +€671,121 | +38.4% |
| Equity | 10/15 | €287,848 | €558,165 | +€270,317 | +93.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €281,648 | €551,965 | +€270,317 | +96.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €266,648 | €536,965 | +€270,317 | +101.4% |
| Amounts payable | 17/49 | €1,458,617 | €1,859,421 | +€400,804 | +27.5% |
| Amounts payable after more than one year | 17 | €34,459 | €100,634 | +€66,176 | +192.0% |
| Financial debts | 170/4 | €32,959 | €99,134 | +€66,176 | +200.8% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,423,144 | €1,758,786 | +€335,643 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €13,905 | €37,749 | +€23,844 | +171.5% |
| Trade debts | 44 | €908,871 | €371,487 | -€537,383 | -59.1% |
| Suppliers | 440/4 | €908,871 | €371,487 | -€537,383 | -59.1% |
| Taxes, remuneration and social security | 45 | €125,929 | €182,848 | +€56,919 | +45.2% |
| Taxes | 450/3 | €50,135 | €55,971 | +€5,836 | +11.6% |
| Remuneration and social security | 454/9 | €75,794 | €126,877 | +€51,083 | +67.4% |
| Other amounts payable | 47/48 | €374,439 | €1,166,702 | +€792,263 | +211.6% |
| Accrued charges and deferred income | 492/3 | €1,014 | - | -€1,014 | |
| Non-recurring operating income | 76A | €56,852 | €77,000 | +€20,148 | +35.4% |
| Remuneration, social security and pensions | 62 | €778,297 | €900,506 | +€122,209 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,362 | €139,720 | +€8,358 | +6.4% |
| Other operating charges | 640/8 | €65,517 | €89,380 | +€23,863 | +36.4% |
| Non-recurring operating charges | 66A | €29,978 | €8,694 | -€21,284 | -71.0% |
| Gross operating margin | 9900 | €1,186,124 | €1,515,950 | +€329,827 | +27.8% |
| Operating profit (loss) | 9901 | €180,970 | €377,650 | +€196,681 | +108.7% |
| Financial income | 75/76B | €7 | €292 | +€286 | +4366.7% |
| Recurring financial income | 75 | €7 | €292 | +€286 | +4366.7% |
| Financial charges | 65/66B | €4,817 | €8,164 | +€3,348 | +69.5% |
| Recurring financial charges | 65 | €4,817 | €8,164 | +€3,348 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €176,160 | €369,778 | +€193,619 | +109.9% |
| Income taxes | 67/77 | €60,185 | €97,744 | +€37,559 | +62.4% |
| Profit (loss) for the period | 9904 | €115,974 | €272,035 | +€156,060 | +134.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,974 | €272,035 | +€156,060 | +134.6% |
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 6 October 2026 via checked.be.