NBOURG MANAGEMENT: 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.
NBOURG MANAGEMENT
Largest movements
- Cash -€785,965
down €785,965 (-99.1%), from €793,106 to €7,141
mainly Debts after one year (-€789,482) and Investment in fixed assets (net) (-€573,596)
- Tangible fixed assets +€428,545
up €428,545 (+11.6%), from €3.7m to €4.1m
of which Land and buildings: +€414,083
- Receivables within one year -€343,431
down €343,431 (-81.3%), from €422,542 to €79,111
of which Other amounts receivable: -€409,792
- Debts after one year -€789,482
down €789,482 (-21.8%), from €3.6m to €2.8m
of which Financial debts: -€787,761
- Current portion of long-term debt +€605,992
up €605,992 (+307%), from €197,261 to €803,252
- Profit (loss) carried forward -€328,258
down €328,258 (-34.3%), from €955,628 to €627,370
- Other debts -€172,189
down €172,189 (-92.8%), from €185,567 to €13,378
- Gross operating margin -€1.3m
down €1.3m (-96.2%), from €1.4m to €52,062
- Taxes -€296,505
down €296,505 (-98.6%), from €300,728 to €4,223
- Depreciation +€50,989
up €50,989 (+54.2%), from €94,062 to €145,051
- Financial charges -€41,642
down €41,642 (-27.0%), from €154,235 to €112,592
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 | €5,395,136 | €4,695,000 | -€700,136 | -13.0% |
| Fixed assets | 21/28 | €4,179,488 | €4,608,033 | +€428,545 | +10.3% |
| Tangible fixed assets | 22/27 | €3,679,052 | €4,107,597 | +€428,545 | +11.6% |
| Land and buildings | 22 | €3,614,276 | €4,028,359 | +€414,083 | +11.5% |
| Furniture and vehicles | 24 | €64,776 | €79,238 | +€14,462 | +22.3% |
| Financial fixed assets | 28 | €500,436 | €500,436 | = | 0.0% |
| Current assets | 29/58 | €1,215,648 | €86,966 | -€1.1m | -92.8% |
| Amounts receivable within one year | 40/41 | €422,542 | €79,111 | -€343,431 | -81.3% |
| Trade receivables | 40 | €9,492 | €75,854 | +€66,362 | +699% |
| Other amounts receivable | 41 | €413,050 | €3,257 | -€409,792 | -99.2% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €793,106 | €7,141 | -€785,965 | -99.1% |
| Deferred charges and accrued income | 490/1 | €0 | €715 | +€715 | |
| Total equity and liabilities | 10/49 | €5,395,136 | €4,695,000 | -€700,136 | -13.0% |
| Equity | 10/15 | €974,228 | €645,970 | -€328,258 | -33.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €955,628 | €627,370 | -€328,258 | -34.3% |
| Amounts payable | 17/49 | €4,420,908 | €4,049,030 | -€371,879 | -8.4% |
| Amounts payable after more than one year | 17 | €3,619,601 | €2,830,119 | -€789,482 | -21.8% |
| Financial debts | 170/4 | €3,600,556 | €2,812,795 | -€787,761 | -21.9% |
| Other amounts payable | 178/9 | €19,045 | €17,324 | -€1,721 | -9.0% |
| Amounts payable within one year | 42/48 | €716,097 | €1,164,552 | +€448,456 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | €197,261 | €803,252 | +€605,992 | +307% |
| Financial debts | 43 | €0 | €248 | +€248 | |
| Credit institutions | 430/8 | €0 | €248 | +€248 | |
| Trade debts | 44 | €1,753 | €22,002 | +€20,249 | +1,155% |
| Suppliers | 440/4 | €1,753 | €22,002 | +€20,249 | +1,155% |
| Taxes, remuneration and social security | 45 | €331,516 | €325,672 | -€5,844 | -1.8% |
| Taxes | 450/3 | €331,516 | €325,672 | -€5,844 | -1.8% |
| Other amounts payable | 47/48 | €185,567 | €13,378 | -€172,189 | -92.8% |
| Accrued charges and deferred income | 492/3 | €85,211 | €54,358 | -€30,852 | -36.2% |
| Non-recurring operating income | 76A | €1,419,562 | €32,000 | -€1.4m | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,062 | €145,051 | +€50,989 | +54.2% |
| Other operating charges | 640/8 | €38,360 | €42,561 | +€4,201 | +11.0% |
| Non-recurring operating charges | 66A | €23,640 | €0 | -€23,640 | -100% |
| Gross operating margin | 9900 | €1,379,020 | €52,062 | -€1.3m | -96.2% |
| Operating profit (loss) | 9901 | €1,222,958 | -€135,550 | -€1.4m | |
| Financial income | 75/76B | €36 | €12,188 | +€12,151 | +33,382% |
| Recurring financial income | 75 | €36 | €12,188 | +€12,151 | +33,382% |
| Financial charges | 65/66B | €154,235 | €112,592 | -€41,642 | -27.0% |
| Recurring financial charges | 65 | €154,235 | €112,592 | -€41,642 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €1,068,760 | -€235,955 | -€1.3m | |
| Income taxes | 67/77 | €300,728 | €4,223 | -€296,505 | -98.6% |
| Profit (loss) for the period | 9904 | €768,031 | -€240,178 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €768,031 | -€240,178 | -€1.0m |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.