NBR Holding: 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.
NBR Holding
Largest movements
- Receivables within one year +€42,831
up €42,831 (+135%), from €31,841 to €74,673
of which Trade receivables: +€34,985
- Reserves +€143,107
up €143,107 (+24.3%), from €588,581 to €731,688
- Debts after one year -€117,318
down €117,318 (-16.2%), from €726,311 to €608,993
of which Financial debts: -€190,525
- Financial income -€90,000
down €90,000 (-47.4%), from €190,000 to €100,000
- Gross operating margin +€18,851
up €18,851 (+33.3%), from €56,608 to €75,459
- Taxes +€5,476
up €5,476 (+88.4%), from €6,194 to €11,669
- Financial charges +€2,700
up €2,700 (+16.0%), from €16,864 to €19,564
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 | €1,775,171 | €1,808,716 | +€33,544 | +1.9% |
| Fixed assets | 21/28 | €1,735,000 | €1,720,000 | -€15,000 | -0.9% |
| Financial fixed assets | 28 | €1,735,000 | €1,720,000 | -€15,000 | -0.9% |
| Current assets | 29/58 | €40,171 | €88,716 | +€48,544 | +121% |
| Amounts receivable within one year | 40/41 | €31,841 | €74,673 | +€42,831 | +135% |
| Trade receivables | 40 | €27,500 | €62,485 | +€34,985 | +127% |
| Other amounts receivable | 41 | €4,341 | €12,188 | +€7,846 | +181% |
| Cash at bank and in hand | 54/58 | €8,330 | €14,043 | +€5,713 | +68.6% |
| Total equity and liabilities | 10/49 | €1,775,171 | €1,808,716 | +€33,544 | +1.9% |
| Equity | 10/15 | €788,581 | €931,688 | +€143,107 | +18.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €588,581 | €731,688 | +€143,107 | +24.3% |
| Distributable reserves | 133 | €588,581 | €731,688 | +€143,107 | +24.3% |
| Amounts payable | 17/49 | €986,591 | €877,028 | -€109,563 | -11.1% |
| Amounts payable after more than one year | 17 | €726,311 | €608,993 | -€117,318 | -16.2% |
| Financial debts | 170/4 | €646,311 | €455,786 | -€190,525 | -29.5% |
| Other amounts payable | 178/9 | €80,000 | €153,207 | +€73,207 | +91.5% |
| Amounts payable within one year | 42/48 | €259,543 | €267,416 | +€7,872 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €191,612 | €193,352 | +€1,739 | +0.9% |
| Trade debts | 44 | €61,738 | €56,201 | -€5,536 | -9.0% |
| Suppliers | 440/4 | €61,738 | €56,201 | -€5,536 | -9.0% |
| Taxes, remuneration and social security | 45 | €6,194 | €17,863 | +€11,669 | +188% |
| Taxes | 450/3 | €6,194 | €17,863 | +€11,669 | +188% |
| Accrued charges and deferred income | 492/3 | €736 | €619 | -€117 | -15.9% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €56,608 | €75,459 | +€18,851 | +33.3% |
| Operating profit (loss) | 9901 | €55,523 | €74,341 | +€18,818 | +33.9% |
| Financial income | 75/76B | €190,000 | €100,000 | -€90,000 | -47.4% |
| Recurring financial income | 75 | €190,000 | €100,000 | -€90,000 | -47.4% |
| Financial charges | 65/66B | €16,864 | €19,564 | +€2,700 | +16.0% |
| Recurring financial charges | 65 | €16,864 | €19,564 | +€2,700 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €228,659 | €154,776 | -€73,882 | -32.3% |
| Income taxes | 67/77 | €6,194 | €11,669 | +€5,476 | +88.4% |
| Profit (loss) for the period | 9904 | €222,465 | €143,107 | -€79,358 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €222,465 | €143,107 | -€79,358 | -35.7% |
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 22 October 2026 via checked.be.