NbCR: 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.
NbCR
Largest movements
- Tangible fixed assets +€410,769
up €410,769 (+857%), from €47,932 to €458,701
of which Land and buildings: +€425,982
- Cash +€206,727
up €206,727 (+81.0%), from €255,259 to €461,986
mainly Net result for the year (+€445,175) and Receivables within one year (+€144,189)
- Receivables within one year -€144,189
down €144,189 (-58.3%), from €247,217 to €103,029
of which Trade receivables: -€146,816
- Reserves +€445,175
up €445,175 (+118%), from €376,471 to €821,645
- Tax, wage and social debts +€32,644
up €32,644 (+19.1%), from €170,902 to €203,546
- Gross operating margin +€177,282
up €177,282 (+31.3%), from €565,881 to €743,163
- Depreciation +€45,947
up €45,947 (+287%), from €15,997 to €61,944
- Taxes +€32,653
up €32,653 (+19.1%), from €170,902 to €203,555
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 | €558,747 | €1,028,124 | +€469,377 | +84.0% |
| Fixed assets | 21/28 | €47,932 | €458,701 | +€410,769 | +857% |
| Tangible fixed assets | 22/27 | €47,932 | €458,701 | +€410,769 | +857% |
| Land and buildings | 22 | - | €425,982 | +€425,982 | |
| Furniture and vehicles | 24 | €47,932 | €32,719 | -€15,213 | -31.7% |
| Current assets | 29/58 | €510,815 | €569,423 | +€58,608 | +11.5% |
| Amounts receivable within one year | 40/41 | €247,217 | €103,029 | -€144,189 | -58.3% |
| Trade receivables | 40 | €244,216 | €97,399 | -€146,816 | -60.1% |
| Other amounts receivable | 41 | €3,002 | €5,630 | +€2,628 | +87.5% |
| Cash at bank and in hand | 54/58 | €255,259 | €461,986 | +€206,727 | +81.0% |
| Deferred charges and accrued income | 490/1 | €8,339 | €4,408 | -€3,931 | -47.1% |
| Total equity and liabilities | 10/49 | €558,747 | €1,028,124 | +€469,377 | +84.0% |
| Equity | 10/15 | €377,471 | €822,645 | +€445,175 | +118% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €376,471 | €821,645 | +€445,175 | +118% |
| Non-distributable reserves | 130/1 | €376,471 | €821,645 | +€445,175 | +118% |
| Other | 1319 | €376,471 | €821,645 | +€445,175 | +118% |
| Amounts payable | 17/49 | €181,276 | €205,478 | +€24,202 | +13.4% |
| Amounts payable within one year | 42/48 | €176,143 | €204,783 | +€28,640 | +16.3% |
| Trade debts | 44 | €5,241 | €1,237 | -€4,004 | -76.4% |
| Suppliers | 440/4 | €5,241 | €1,237 | -€4,004 | -76.4% |
| Taxes, remuneration and social security | 45 | €170,902 | €203,546 | +€32,644 | +19.1% |
| Taxes | 450/3 | €170,902 | €203,546 | +€32,644 | +19.1% |
| Accrued charges and deferred income | 492/3 | €5,134 | €695 | -€4,439 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,997 | €61,944 | +€45,947 | +287% |
| Other operating charges | 640/8 | €2,516 | €295 | -€2,221 | -88.3% |
| Non-recurring operating charges | 66A | - | €32,285 | +€32,285 | |
| Gross operating margin | 9900 | €565,881 | €743,163 | +€177,282 | +31.3% |
| Operating profit (loss) | 9901 | €547,368 | €648,640 | +€101,272 | +18.5% |
| Financial income | 75/76B | €11 | €203 | +€192 | +1,729% |
| Recurring financial income | 75 | €11 | €203 | +€192 | +1,729% |
| Financial charges | 65/66B | €6 | €113 | +€107 | +1,687% |
| Recurring financial charges | 65 | €6 | €113 | +€107 | +1,687% |
| Profit (loss) for the period before taxes | 9903 | €547,373 | €648,730 | +€101,357 | +18.5% |
| Income taxes | 67/77 | €170,902 | €203,555 | +€32,653 | +19.1% |
| Profit (loss) for the period | 9904 | €376,471 | €445,175 | +€68,704 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €376,471 | €445,175 | +€68,704 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.