NBA EXPERTISE: 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.
NBA EXPERTISE
Largest movements
- Receivables within one year +€1,259
up €1,259 (+9.5%), from €13,186 to €14,445
- Tangible fixed assets +€572
new in 2025: €572
- Tax, wage and social debts +€5,973
up €5,973 (+196%), from €3,055 to €9,027
of which Remuneration and social security: +€4,729
- Profit (loss) carried forward -€5,961
down €5,961, from €3,172 to -€2,789
- Other debts +€1,189
up €1,189 (+19.4%), from €6,127 to €7,317
- Trade debts +€786
up €786 (+94.5%), from €832 to €1,618
- Gross operating margin -€9,204
down €9,204, from €4,387 to -€4,816
- Taxes -€1,153
no longer reported in 2025 (was €1,153)
- Financial charges +€877
new in 2025: €877
- Depreciation +€171
new in 2025: €171
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 | €14,686 | €16,674 | +€1,988 | +13.5% |
| Fixed assets | 21/28 | - | €572 | +€572 | |
| Tangible fixed assets | 22/27 | - | €572 | +€572 | |
| Furniture and vehicles | 24 | - | €572 | +€572 | |
| Current assets | 29/58 | €14,686 | €16,102 | +€1,416 | +9.6% |
| Amounts receivable within one year | 40/41 | €13,186 | €14,445 | +€1,259 | +9.5% |
| Trade receivables | 40 | €13,186 | €14,445 | +€1,259 | +9.5% |
| Cash at bank and in hand | 54/58 | €1,500 | €1,494 | -€6 | -0.4% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €14,686 | €16,674 | +€1,988 | +13.5% |
| Equity | 10/15 | €4,672 | -€1,289 | -€5,961 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,172 | -€2,789 | -€5,961 | |
| Amounts payable | 17/49 | €10,014 | €17,963 | +€7,948 | +79.4% |
| Amounts payable within one year | 42/48 | €10,014 | €17,963 | +€7,948 | +79.4% |
| Trade debts | 44 | €832 | €1,618 | +€786 | +94.5% |
| Suppliers | 440/4 | €832 | €1,618 | +€786 | +94.5% |
| Taxes, remuneration and social security | 45 | €3,055 | €9,027 | +€5,973 | +196% |
| Taxes | 450/3 | €3,055 | €4,298 | +€1,244 | +40.7% |
| Remuneration and social security | 454/9 | - | €4,729 | +€4,729 | |
| Other amounts payable | 47/48 | €6,127 | €7,317 | +€1,189 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €171 | +€171 | |
| Other operating charges | 640/8 | €63 | €96 | +€33 | +52.5% |
| Gross operating margin | 9900 | €4,387 | -€4,816 | -€9,204 | |
| Operating profit (loss) | 9901 | €4,324 | -€5,084 | -€9,408 | |
| Financial charges | 65/66B | - | €877 | +€877 | |
| Recurring financial charges | 65 | - | €877 | +€877 | |
| Profit (loss) for the period before taxes | 9903 | €4,324 | -€5,961 | -€10,285 | |
| Income taxes | 67/77 | €1,153 | - | -€1,153 | |
| Profit (loss) for the period | 9904 | €3,172 | -€5,961 | -€9,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,172 | -€5,961 | -€9,133 |
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 14 October 2026 via checked.be.