NBN ELEC: 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.
NBN ELEC
Largest movements
- Receivables within one year +€39,481
up €39,481 (+60.9%), from €64,819 to €104,300
of which Other amounts receivable: +€43,087
- Tangible fixed assets +€9,098
up €9,098 (+103%), from €8,841 to €17,939
of which Furniture and vehicles: +€6,527
- Cash +€5,457
up €5,457 (+16.1%), from €33,929 to €39,387
mainly Net result for the year (+€56,004) and Tax, wage and social debts (+€10,556)
- Reserves +€56,004
up €56,004 (+97.2%), from €57,596 to €113,600
- Trade debts -€11,483
down €11,483 (-100%), from €11,483 to €0
- Tax, wage and social debts +€10,556
up €10,556 (+41.4%), from €25,486 to €36,042
of which Taxes: +€5,403
- Gross operating margin +€68,170
up €68,170 (+52.9%), from €128,952 to €197,121
- Staff costs +€49,901
up €49,901 (+70.6%), from €70,703 to €120,604
- Other operating charges -€14,147
down €14,147 (-90.0%), from €15,724 to €1,577
- Taxes +€2,543
up €2,543 (+19.3%), from €13,168 to €15,711
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 | €108,790 | €163,843 | +€55,053 | +50.6% |
| Fixed assets | 21/28 | €8,841 | €17,939 | +€9,098 | +103% |
| Tangible fixed assets | 22/27 | €8,841 | €17,939 | +€9,098 | +103% |
| Plant, machinery and equipment | 23 | €7,556 | €10,128 | +€2,571 | +34.0% |
| Furniture and vehicles | 24 | €1,285 | €7,812 | +€6,527 | +508% |
| Current assets | 29/58 | €99,949 | €145,903 | +€45,955 | +46.0% |
| Amounts receivable within one year | 40/41 | €64,819 | €104,300 | +€39,481 | +60.9% |
| Trade receivables | 40 | €24,933 | €21,327 | -€3,606 | -14.5% |
| Other amounts receivable | 41 | €39,887 | €82,974 | +€43,087 | +108% |
| Cash at bank and in hand | 54/58 | €33,929 | €39,387 | +€5,457 | +16.1% |
| Deferred charges and accrued income | 490/1 | €1,200 | €2,216 | +€1,016 | +84.6% |
| Total equity and liabilities | 10/49 | €108,790 | €163,843 | +€55,053 | +50.6% |
| Equity | 10/15 | €71,796 | €127,800 | +€56,004 | +78.0% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €57,596 | €113,600 | +€56,004 | +97.2% |
| Distributable reserves | 133 | €57,596 | €113,600 | +€56,004 | +97.2% |
| Amounts payable | 17/49 | €36,994 | €36,042 | -€952 | -2.6% |
| Amounts payable within one year | 42/48 | €36,969 | €36,042 | -€927 | -2.5% |
| Trade debts | 44 | €11,483 | €0 | -€11,483 | -100% |
| Suppliers | 440/4 | €11,483 | €0 | -€11,483 | -100% |
| Taxes, remuneration and social security | 45 | €25,486 | €36,042 | +€10,556 | +41.4% |
| Taxes | 450/3 | €16,269 | €21,672 | +€5,403 | +33.2% |
| Remuneration and social security | 454/9 | €9,217 | €14,370 | +€5,153 | +55.9% |
| Accrued charges and deferred income | 492/3 | €25 | €0 | -€25 | -100% |
| Remuneration, social security and pensions | 62 | €70,703 | €120,604 | +€49,901 | +70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,370 | €4,933 | +€1,563 | +46.4% |
| Other operating charges | 640/8 | €15,724 | €1,577 | -€14,147 | -90.0% |
| Gross operating margin | 9900 | €128,952 | €197,121 | +€68,170 | +52.9% |
| Operating profit (loss) | 9901 | €39,155 | €70,008 | +€30,853 | +78.8% |
| Financial income | 75/76B | €2,287 | €3,109 | +€822 | +36.0% |
| Recurring financial income | 75 | €2,287 | €3,109 | +€822 | +36.0% |
| Financial charges | 65/66B | €981 | €1,401 | +€420 | +42.8% |
| Recurring financial charges | 65 | €981 | €1,377 | +€396 | +40.4% |
| Non-recurring financial charges | 66B | - | €24 | +€24 | |
| Profit (loss) for the period before taxes | 9903 | €40,461 | €71,716 | +€31,255 | +77.2% |
| Income taxes | 67/77 | €13,168 | €15,711 | +€2,543 | +19.3% |
| Profit (loss) for the period | 9904 | €27,293 | €56,004 | +€28,712 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €27,293 | €56,004 | +€28,712 | +105% |
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 23 October 2026 via checked.be.