NBNE: 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.
NBNE
Largest movements
- Receivables after one year -€132,000
down €132,000 (-100.0%), from €132,000 to €0
- Current investments +€63,792
up €63,792 (+18.8%), from €338,702 to €402,495
- Tangible fixed assets -€12,840
down €12,840 (-11.0%), from €117,024 to €104,184
of which Land and buildings: -€10,679
- Intangible fixed assets -€10,900
down €10,900 (-50.0%), from €21,800 to €10,900
- Cash +€8,687
up €8,687 (+159.9%), from €5,432 to €14,120
mainly Receivables after one year (+€132,000) and Net result for the year (+€93,327)
- Debts after one year -€243,051
down €243,051 (-61.8%), from €393,051 to €150,000
- Reserves +€93,327
up €93,327 (+41.5%), from €224,629 to €317,956
- Other debts +€62,860
up €62,860 (+4599.6%), from €1,367 to €64,227
- Current portion of long-term debt -€17,034
down €17,034 (-83.2%), from €20,476 to €3,442
- Tax, wage and social debts +€15,543
up €15,543 (+2453.7%), from €633 to €16,177
of which Taxes: +€15,543
- Gross operating margin +€43,252
up €43,252 (+37.8%), from €114,385 to €157,637
- Taxes +€16,363
up €16,363 (+59.0%), from €27,724 to €44,087
- Financial charges -€3,942
down €3,942 (-87.6%), from €4,501 to €560
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 | €652,556 | €564,345 | -€88,211 | -13.5% |
| Fixed assets | 21/28 | €138,824 | €115,084 | -€23,740 | -17.1% |
| Intangible fixed assets | 21 | €21,800 | €10,900 | -€10,900 | -50.0% |
| Tangible fixed assets | 22/27 | €117,024 | €104,184 | -€12,840 | -11.0% |
| Land and buildings | 22 | €84,876 | €74,197 | -€10,679 | -12.6% |
| Plant, machinery and equipment | 23 | €1,020 | €649 | -€372 | -36.4% |
| Furniture and vehicles | 24 | €3,553 | €3,181 | -€373 | -10.5% |
| Other tangible fixed assets | 26 | €27,574 | €26,158 | -€1,417 | -5.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €513,732 | €449,261 | -€64,471 | -12.5% |
| Amounts receivable after more than one year | 29 | €132,000 | €0 | -€132,000 | -100.0% |
| Other amounts receivable | 291 | €132,000 | €0 | -€132,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €33,828 | €32,646 | -€1,181 | -3.5% |
| Trade receivables | 40 | €32,748 | €31,572 | -€1,176 | -3.6% |
| Other amounts receivable | 41 | €1,080 | €1,074 | -€6 | -0.5% |
| Current investments | 50/53 | €338,702 | €402,495 | +€63,792 | +18.8% |
| Cash at bank and in hand | 54/58 | €5,432 | €14,120 | +€8,687 | +159.9% |
| Deferred charges and accrued income | 490/1 | €3,770 | €0 | -€3,770 | -100.0% |
| Total equity and liabilities | 10/49 | €652,556 | €564,345 | -€88,211 | -13.5% |
| Equity | 10/15 | €237,029 | €330,356 | +€93,327 | +39.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €224,629 | €317,956 | +€93,327 | +41.5% |
| Distributable reserves | 133 | €224,629 | €317,956 | +€93,327 | +41.5% |
| Amounts payable | 17/49 | €415,527 | €233,989 | -€181,538 | -43.7% |
| Amounts payable after more than one year | 17 | €393,051 | €150,000 | -€243,051 | -61.8% |
| Financial debts | 170/4 | €393,051 | €150,000 | -€243,051 | -61.8% |
| Amounts payable within one year | 42/48 | €22,476 | €83,989 | +€61,513 | +273.7% |
| Current portion of amounts payable after more than one year | 42 | €20,476 | €3,442 | -€17,034 | -83.2% |
| Trade debts | 44 | €0 | €144 | +€144 | |
| Suppliers | 440/4 | €0 | €144 | +€144 | |
| Taxes, remuneration and social security | 45 | €633 | €16,177 | +€15,543 | +2453.7% |
| Taxes | 450/3 | €633 | €16,177 | +€15,543 | +2453.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,367 | €64,227 | +€62,860 | +4599.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,406 | €23,740 | +€334 | +1.4% |
| Other operating charges | 640/8 | €1,655 | €1,341 | -€314 | -19.0% |
| Gross operating margin | 9900 | €114,385 | €157,637 | +€43,252 | +37.8% |
| Operating profit (loss) | 9901 | €89,324 | €132,556 | +€43,232 | +48.4% |
| Financial income | 75/76B | €6,656 | €5,418 | -€1,238 | -18.6% |
| Recurring financial income | 75 | €6,656 | €5,418 | -€1,238 | -18.6% |
| Financial charges | 65/66B | €4,501 | €560 | -€3,942 | -87.6% |
| Recurring financial charges | 65 | €4,501 | €560 | -€3,942 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €91,478 | €137,414 | +€45,936 | +50.2% |
| Income taxes | 67/77 | €27,724 | €44,087 | +€16,363 | +59.0% |
| Profit (loss) for the period | 9904 | €63,754 | €93,327 | +€29,573 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,754 | €93,327 | +€29,573 | +46.4% |
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 7 October 2026 via checked.be.