NBIC Watch: 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.
NBIC Watch
Largest movements
- Receivables within one year +€30,025
up €30,025, from €0 to €30,025
- Cash -€9,961
down €9,961 (-18.2%), from €54,665 to €44,705
mainly Receivables within one year (-€30,025) and Investment in fixed assets (net) (-€591)
- Profit (loss) carried forward +€12,819
up €12,819, from -€12,819 to €0
- Reserves +€5,861
up €5,861 (+12.4%), from €47,315 to €53,176
- Tax, wage and social debts +€795
up €795 (+56.7%), from €1,402 to €2,197
- Gross operating margin +€25,882
up €25,882, from -€6,257 to €19,625
- Taxes -€7,519
down €7,519 (-92.8%), from €8,105 to €586
- Other operating charges -€387
down €387 (-100.0%), from €387 to €0
- Depreciation +€197
new in 2025: €197
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 | €54,665 | €75,123 | +€20,458 | +37.4% |
| Fixed assets | 21/28 | - | €394 | +€394 | |
| Tangible fixed assets | 22/27 | - | €394 | +€394 | |
| Furniture and vehicles | 24 | - | €394 | +€394 | |
| Current assets | 29/58 | €54,665 | €74,729 | +€20,064 | +36.7% |
| Amounts receivable within one year | 40/41 | €0 | €30,025 | +€30,025 | |
| Trade receivables | 40 | €0 | €30,025 | +€30,025 | |
| Cash at bank and in hand | 54/58 | €54,665 | €44,705 | -€9,961 | -18.2% |
| Total equity and liabilities | 10/49 | €54,665 | €75,123 | +€20,458 | +37.4% |
| Equity | 10/15 | €53,095 | €71,776 | +€18,681 | +35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,315 | €53,176 | +€5,861 | +12.4% |
| Distributable reserves | 133 | €47,315 | €53,176 | +€5,861 | +12.4% |
| Profit (loss) carried forward | 14 | -€12,819 | €0 | +€12,819 | |
| Amounts payable | 17/49 | €1,570 | €3,347 | +€1,777 | +113.2% |
| Amounts payable within one year | 42/48 | €1,570 | €3,347 | +€1,777 | +113.2% |
| Trade debts | 44 | - | €731 | +€731 | |
| Suppliers | 440/4 | - | €731 | +€731 | |
| Taxes, remuneration and social security | 45 | €1,402 | €2,197 | +€795 | +56.7% |
| Taxes | 450/3 | €1,402 | €2,197 | +€795 | +56.7% |
| Other amounts payable | 47/48 | €168 | €420 | +€252 | +150.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €197 | +€197 | |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100.0% |
| Gross operating margin | 9900 | -€6,257 | €19,625 | +€25,882 | |
| Operating profit (loss) | 9901 | -€6,644 | €19,428 | +€26,072 | |
| Financial charges | 65/66B | €170 | €161 | -€9 | -5.3% |
| Recurring financial charges | 65 | €170 | €161 | -€9 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,814 | €19,267 | +€26,081 | |
| Income taxes | 67/77 | €8,105 | €586 | -€7,519 | -92.8% |
| Profit (loss) for the period | 9904 | -€14,920 | €18,681 | +€33,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,920 | €18,681 | +€33,600 |
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 11 October 2026 via checked.be.