NBTEC: what changed
NBTEC
Largest movements
- Cash +€13,046
up €13,046 (+83.7%), from €15,581 to €28,627
mainly Net result for the year (+€41,235) and Other debts (+€9,673)
- Receivables within one year -€5,998
down €5,998 (-35.5%), from €16,888 to €10,890
of which Other amounts receivable: -€3,125
- Tangible fixed assets -€548
down €548 (-45.2%), from €1,211 to €663
- Other debts +€9,673
up €9,673 (+64.1%), from €15,095 to €24,769
- Tax, wage and social debts -€2,711
down €2,711 (-15.3%), from €17,724 to €15,013
- Trade debts -€462
down €462 (-75.6%), from €611 to €149
- Gross operating margin +€26,210
up €26,210 (+71.1%), from €36,855 to €63,065
- Taxes +€9,674
up €9,674 (+126%), from €7,679 to €17,353
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,680 | €40,180 | +€6,500 | +19.3% |
| Fixed assets | 21/28 | €1,211 | €663 | -€548 | -45.2% |
| Tangible fixed assets | 22/27 | €1,211 | €663 | -€548 | -45.2% |
| Furniture and vehicles | 24 | €1,211 | €663 | -€548 | -45.2% |
| Current assets | 29/58 | €32,469 | €39,517 | +€7,048 | +21.7% |
| Amounts receivable within one year | 40/41 | €16,888 | €10,890 | -€5,998 | -35.5% |
| Trade receivables | 40 | €13,421 | €10,548 | -€2,873 | -21.4% |
| Other amounts receivable | 41 | €3,466 | €342 | -€3,125 | -90.1% |
| Cash at bank and in hand | 54/58 | €15,581 | €28,627 | +€13,046 | +83.7% |
| Total equity and liabilities | 10/49 | €33,680 | €40,180 | +€6,500 | +19.3% |
| Equity | 10/15 | €250 | €250 | = | 0.0% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Amounts payable | 17/49 | €33,430 | €39,930 | +€6,500 | +19.4% |
| Amounts payable within one year | 42/48 | €33,430 | €39,930 | +€6,500 | +19.4% |
| Trade debts | 44 | €611 | €149 | -€462 | -75.6% |
| Suppliers | 440/4 | €611 | €149 | -€462 | -75.6% |
| Taxes, remuneration and social security | 45 | €17,724 | €15,013 | -€2,711 | -15.3% |
| Taxes | 450/3 | €17,724 | €15,013 | -€2,711 | -15.3% |
| Other amounts payable | 47/48 | €15,095 | €24,769 | +€9,673 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €548 | -€157 | -22.2% |
| Other operating charges | 640/8 | €1,659 | €1,321 | -€337 | -20.3% |
| Non-recurring operating charges | 66A | €9,475 | - | -€9,475 | |
| Gross operating margin | 9900 | €36,855 | €63,065 | +€26,210 | +71.1% |
| Operating profit (loss) | 9901 | €25,016 | €61,196 | +€36,180 | +145% |
| Financial income | 75/76B | €48 | €229 | +€181 | +376% |
| Recurring financial income | 75 | €48 | €229 | +€181 | +376% |
| Financial charges | 65/66B | €2,290 | €2,836 | +€547 | +23.9% |
| Recurring financial charges | 65 | €2,290 | €2,836 | +€547 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €22,774 | €58,588 | +€35,814 | +157% |
| Income taxes | 67/77 | €7,679 | €17,353 | +€9,674 | +126% |
| Profit (loss) for the period | 9904 | €15,095 | €41,235 | +€26,140 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €15,095 | €41,235 | +€26,140 | +173% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.