NBI: 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.
NBI
Largest movements
- Receivables within one year +€25,457
up €25,457 (+6,150%), from €414 to €25,870
of which Trade receivables: +€25,282
- Tangible fixed assets +€15,028
up €15,028 (+11.5%), from €130,397 to €145,425
of which Furniture and vehicles: +€19,303
- Cash -€3,907
down €3,907 (-6.8%), from €57,080 to €53,173
mainly Contributions, distributions and other (-€58,521) and Investment in fixed assets (net) (-€36,999)
- Deferred charges and accrued income +€2,756
new in 2025: €2,756
- Other debts +€35,420
up €35,420 (+44.3%), from €80,042 to €115,461
- Debts after one year +€6,581
up €6,581 (+56.2%), from €11,706 to €18,288
- Tax, wage and social debts -€6,251
down €6,251 (-39.8%), from €15,688 to €9,437
- Current portion of long-term debt +€2,640
up €2,640 (+18.3%), from €14,454 to €17,094
- Gross operating margin +€8,915
up €8,915 (+9.5%), from €94,233 to €103,148
- Depreciation +€2,789
up €2,789 (+14.5%), from €19,181 to €21,971
- Taxes +€1,109
up €1,109 (+7.8%), from €14,303 to €15,412
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 | €187,891 | €227,225 | +€39,334 | +20.9% |
| Fixed assets | 21/28 | €130,397 | €145,425 | +€15,028 | +11.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €130,397 | €145,425 | +€15,028 | +11.5% |
| Furniture and vehicles | 24 | €48,086 | €67,389 | +€19,303 | +40.1% |
| Other tangible fixed assets | 26 | €82,311 | €78,036 | -€4,275 | -5.2% |
| Current assets | 29/58 | €57,494 | €81,800 | +€24,306 | +42.3% |
| Amounts receivable within one year | 40/41 | €414 | €25,870 | +€25,457 | +6,150% |
| Trade receivables | 40 | €0 | €25,282 | +€25,282 | |
| Other amounts receivable | 41 | €414 | €588 | +€174 | +42.1% |
| Cash at bank and in hand | 54/58 | €57,080 | €53,173 | -€3,907 | -6.8% |
| Deferred charges and accrued income | 490/1 | - | €2,756 | +€2,756 | |
| Total equity and liabilities | 10/49 | €187,891 | €227,225 | +€39,334 | +20.9% |
| Equity | 10/15 | €61,532 | €61,532 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | - | €500 | +€500 | |
| Other | 1109/19 | - | €500 | +€500 | |
| Reserves | 13 | €61,032 | €61,032 | = | 0.0% |
| Distributable reserves | 133 | €61,032 | €61,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €126,359 | €165,693 | +€39,334 | +31.1% |
| Amounts payable after more than one year | 17 | €11,706 | €18,288 | +€6,581 | +56.2% |
| Financial debts | 170/4 | €11,706 | €18,288 | +€6,581 | +56.2% |
| Amounts payable within one year | 42/48 | €112,451 | €144,713 | +€32,262 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €14,454 | €17,094 | +€2,640 | +18.3% |
| Financial debts | 43 | €1,713 | €1,708 | -€5 | -0.3% |
| Credit institutions | 430/8 | €1,713 | €1,708 | -€5 | -0.3% |
| Trade debts | 44 | €555 | €1,013 | +€458 | +82.5% |
| Suppliers | 440/4 | €555 | €1,013 | +€458 | +82.5% |
| Taxes, remuneration and social security | 45 | €15,688 | €9,437 | -€6,251 | -39.8% |
| Taxes | 450/3 | €15,688 | €9,437 | -€6,251 | -39.8% |
| Other amounts payable | 47/48 | €80,042 | €115,461 | +€35,420 | +44.3% |
| Accrued charges and deferred income | 492/3 | €2,201 | €2,693 | +€491 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,181 | €21,971 | +€2,789 | +14.5% |
| Other operating charges | 640/8 | €1,003 | €1,789 | +€785 | +78.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €94,233 | €103,148 | +€8,915 | +9.5% |
| Operating profit (loss) | 9901 | €74,048 | €79,389 | +€5,341 | +7.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,143 | €5,456 | +€312 | +6.1% |
| Recurring financial charges | 65 | €5,143 | €5,456 | +€312 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €68,905 | €73,933 | +€5,028 | +7.3% |
| Income taxes | 67/77 | €14,303 | €15,412 | +€1,109 | +7.8% |
| Profit (loss) for the period | 9904 | €54,602 | €58,521 | +€3,919 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,602 | €58,521 | +€3,919 | +7.2% |
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.