NBQ: 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.
NBQ
Largest movements
- Cash -€27,470
down €27,470 (-44.2%), from €62,099 to €34,629
mainly Trade debts (-€27,678) and Investment in fixed assets (net) (-€12,326)
- Deferred charges and accrued income -€7,400
down €7,400 (-91.7%), from €8,067 to €667
- Tangible fixed assets +€2,943
up €2,943 (+18.5%), from €15,927 to €18,870
of which Other tangible fixed assets: +€1,867
- Trade debts -€27,678
down €27,678 (-29.3%), from €94,523 to €66,845
- Tax, wage and social debts -€7,303
down €7,303 (-11.5%), from €63,570 to €56,267
of which Remuneration and social security: -€10,368
- Staff costs -€12,487
down €12,487 (-3.3%), from €383,698 to €371,211
- Gross operating margin +€7,933
up €7,933 (+2.1%), from €385,005 to €392,938
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 | €188,925 | €154,938 | -€33,988 | -18.0% |
| Fixed assets | 21/28 | €15,927 | €18,870 | +€2,943 | +18.5% |
| Tangible fixed assets | 22/27 | €15,927 | €18,870 | +€2,943 | +18.5% |
| Plant, machinery and equipment | 23 | €1,790 | €1,028 | -€762 | -42.6% |
| Furniture and vehicles | 24 | €4,950 | €6,788 | +€1,838 | +37.1% |
| Other tangible fixed assets | 26 | €9,187 | €11,054 | +€1,867 | +20.3% |
| Current assets | 29/58 | €172,999 | €136,068 | -€36,931 | -21.3% |
| Stocks and contracts in progress | 3 | €88,382 | €87,375 | -€1,007 | -1.1% |
| Stocks | 30/36 | €88,382 | €87,375 | -€1,007 | -1.1% |
| Amounts receivable within one year | 40/41 | €14,451 | €13,397 | -€1,055 | -7.3% |
| Trade receivables | 40 | €132 | €68 | -€63 | -48.0% |
| Other amounts receivable | 41 | €14,320 | €13,328 | -€992 | -6.9% |
| Cash at bank and in hand | 54/58 | €62,099 | €34,629 | -€27,470 | -44.2% |
| Deferred charges and accrued income | 490/1 | €8,067 | €667 | -€7,400 | -91.7% |
| Total equity and liabilities | 10/49 | €188,925 | €154,938 | -€33,988 | -18.0% |
| Equity | 10/15 | -€9,512 | -€7,629 | +€1,883 | +19.8% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,372 | -€9,489 | +€1,883 | +16.6% |
| Amounts payable | 17/49 | €198,437 | €162,567 | -€35,871 | -18.1% |
| Amounts payable within one year | 42/48 | €198,437 | €162,567 | -€35,871 | -18.1% |
| Trade debts | 44 | €94,523 | €66,845 | -€27,678 | -29.3% |
| Suppliers | 440/4 | €94,523 | €66,845 | -€27,678 | -29.3% |
| Taxes, remuneration and social security | 45 | €63,570 | €56,267 | -€7,303 | -11.5% |
| Taxes | 450/3 | €8,816 | €11,880 | +€3,065 | +34.8% |
| Remuneration and social security | 454/9 | €54,754 | €44,386 | -€10,368 | -18.9% |
| Other amounts payable | 47/48 | €40,344 | €39,455 | -€890 | -2.2% |
| Remuneration, social security and pensions | 62 | €383,698 | €371,211 | -€12,487 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,480 | €9,383 | +€2,902 | +44.8% |
| Other operating charges | 640/8 | €3,465 | €2,400 | -€1,066 | -30.8% |
| Gross operating margin | 9900 | €385,005 | €392,938 | +€7,933 | +2.1% |
| Operating profit (loss) | 9901 | -€8,639 | €9,945 | +€18,583 | |
| Financial income | 75/76B | €294 | €1,159 | +€865 | +293.7% |
| Recurring financial income | 75 | €294 | €1,159 | +€865 | +293.7% |
| Financial charges | 65/66B | €2,816 | €4,741 | +€1,926 | +68.4% |
| Recurring financial charges | 65 | €2,495 | €4,741 | +€2,246 | +90.0% |
| Non-recurring financial charges | 66B | €321 | - | -€321 | |
| Profit (loss) for the period before taxes | 9903 | -€11,160 | €6,363 | +€17,522 | |
| Income taxes | 67/77 | €718 | €4,480 | +€3,762 | +524.1% |
| Profit (loss) for the period | 9904 | -€11,878 | €1,883 | +€13,760 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,878 | €1,883 | +€13,760 |
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 8 October 2026 via checked.be.