NBH: 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.
NBH
Largest movements
- Receivables within one year -€285,912
down €285,912 (-27.7%), from €1.0m to €747,364
of which Trade receivables: -€335,507
- Stocks and contracts +€214,390
up €214,390 (+490.0%), from €43,755 to €258,145
- Tangible fixed assets +€141,097
up €141,097 (+258.8%), from €54,525 to €195,621
of which Land and buildings: +€152,692
- Profit (loss) carried forward +€68,181
up €68,181 (+6.0%), from €1.1m to €1.2m
- Trade debts +€19,466
up €19,466 (+49.6%), from €39,286 to €58,752
- Gross operating margin -€109,122
down €109,122 (-28.2%), from €387,377 to €278,254
- Financial charges -€60,430
down €60,430 (-86.3%), from €70,021 to €9,591
- Taxes -€48,896
down €48,896 (-43.5%), from €112,473 to €63,577
- Staff costs -€32,329
down €32,329 (-23.2%), from €139,153 to €106,825
- Other operating charges +€4,315
up €4,315 (+84.8%), from €5,088 to €9,404
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 | €1,332,192 | €1,414,995 | +€82,803 | +6.2% |
| Fixed assets | 21/28 | €230,975 | €372,071 | +€141,097 | +61.1% |
| Tangible fixed assets | 22/27 | €54,525 | €195,621 | +€141,097 | +258.8% |
| Land and buildings | 22 | - | €152,692 | +€152,692 | |
| Plant, machinery and equipment | 23 | €49,021 | €41,415 | -€7,607 | -15.5% |
| Furniture and vehicles | 24 | €5,503 | €1,515 | -€3,989 | -72.5% |
| Financial fixed assets | 28 | €176,450 | €176,450 | = | 0.0% |
| Current assets | 29/58 | €1,101,217 | €1,042,924 | -€58,293 | -5.3% |
| Stocks and contracts in progress | 3 | €43,755 | €258,145 | +€214,390 | +490.0% |
| Stocks | 30/36 | €43,755 | €258,145 | +€214,390 | +490.0% |
| Amounts receivable within one year | 40/41 | €1,033,276 | €747,364 | -€285,912 | -27.7% |
| Trade receivables | 40 | €751,420 | €415,913 | -€335,507 | -44.6% |
| Other amounts receivable | 41 | €281,856 | €331,451 | +€49,595 | +17.6% |
| Cash at bank and in hand | 54/58 | €239 | €56 | -€183 | -76.7% |
| Deferred charges and accrued income | 490/1 | €23,946 | €37,358 | +€13,412 | +56.0% |
| Total equity and liabilities | 10/49 | €1,332,192 | €1,414,995 | +€82,803 | +6.2% |
| Equity | 10/15 | €1,158,910 | €1,227,091 | +€68,181 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,608 | €2,608 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,608 | €2,608 | = | 0.0% |
| Legal reserve | 130 | €2,608 | €2,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,137,702 | €1,205,883 | +€68,181 | +6.0% |
| Amounts payable | 17/49 | €173,282 | €187,904 | +€14,623 | +8.4% |
| Amounts payable after more than one year | 17 | €122,014 | €110,032 | -€11,982 | -9.8% |
| Financial debts | 170/4 | €122,014 | €110,032 | -€11,982 | -9.8% |
| Amounts payable within one year | 42/48 | €51,268 | €77,872 | +€26,604 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €11,982 | €11,982 | = | 0.0% |
| Financial debts | 43 | - | €37 | +€37 | |
| Credit institutions | 430/8 | - | €37 | +€37 | |
| Trade debts | 44 | €39,286 | €58,752 | +€19,466 | +49.6% |
| Suppliers | 440/4 | €39,286 | €58,752 | +€19,466 | +49.6% |
| Taxes, remuneration and social security | 45 | - | €7,102 | +€7,102 | |
| Taxes | 450/3 | - | €4,190 | +€4,190 | |
| Remuneration and social security | 454/9 | - | €2,911 | +€2,911 | |
| Remuneration, social security and pensions | 62 | €139,153 | €106,825 | -€32,329 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,070 | €20,688 | +€3,618 | +21.2% |
| Other operating charges | 640/8 | €5,088 | €9,404 | +€4,315 | +84.8% |
| Gross operating margin | 9900 | €387,377 | €278,254 | -€109,122 | -28.2% |
| Operating profit (loss) | 9901 | €226,065 | €141,339 | -€84,727 | -37.5% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €70,021 | €9,591 | -€60,430 | -86.3% |
| Recurring financial charges | 65 | €70,021 | €9,591 | -€60,430 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | €156,044 | €131,758 | -€24,287 | -15.6% |
| Income taxes | 67/77 | €112,473 | €63,577 | -€48,896 | -43.5% |
| Profit (loss) for the period | 9904 | €43,572 | €68,181 | +€24,609 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,572 | €68,181 | +€24,609 | +56.5% |
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 1 October 2026 via checked.be.