NBX: 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.
NBX
Largest movements
- Tangible fixed assets -€6,712
down €6,712 (-21.0%), from €31,923 to €25,211
of which Furniture and vehicles: -€8,969
- Receivables within one year -€5,615
down €5,615 (-19.8%), from €28,375 to €22,760
of which Trade receivables: -€5,688
- Cash -€2,485
down €2,485 (-2.7%), from €91,555 to €89,070
mainly Contributions, distributions and other (-€59,594) and Debts after one year (-€5,797)
- Debts after one year -€5,797
no longer reported in 2025 (was €5,797)
- Profit (loss) carried forward -€3,915
down €3,915 (-3.4%), from €115,581 to €111,667
- Tax, wage and social debts -€1,961
down €1,961 (-8.7%), from €22,644 to €20,683
of which Taxes: -€1,456
- Trade debts -€1,727
down €1,727 (-91.9%), from €1,880 to €153
- Gross operating margin +€8,051
up €8,051 (+10.4%), from €77,597 to €85,648
- Taxes +€5,189
up €5,189 (+35.2%), from €14,761 to €19,951
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 | €153,643 | €139,300 | -€14,343 | -9.3% |
| Fixed assets | 21/28 | €31,923 | €25,211 | -€6,712 | -21.0% |
| Tangible fixed assets | 22/27 | €31,923 | €25,211 | -€6,712 | -21.0% |
| Plant, machinery and equipment | 23 | - | €2,257 | +€2,257 | |
| Furniture and vehicles | 24 | €31,923 | €22,954 | -€8,969 | -28.1% |
| Current assets | 29/58 | €121,720 | €114,088 | -€7,632 | -6.3% |
| Amounts receivable within one year | 40/41 | €28,375 | €22,760 | -€5,615 | -19.8% |
| Trade receivables | 40 | €28,375 | €22,687 | -€5,688 | -20.0% |
| Other amounts receivable | 41 | - | €73 | +€73 | |
| Cash at bank and in hand | 54/58 | €91,555 | €89,070 | -€2,485 | -2.7% |
| Deferred charges and accrued income | 490/1 | €1,789 | €2,258 | +€468 | +26.2% |
| Total equity and liabilities | 10/49 | €153,643 | €139,300 | -€14,343 | -9.3% |
| Equity | 10/15 | €116,581 | €112,667 | -€3,915 | -3.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,581 | €111,667 | -€3,915 | -3.4% |
| Amounts payable | 17/49 | €37,061 | €26,633 | -€10,428 | -28.1% |
| Amounts payable after more than one year | 17 | €5,797 | - | -€5,797 | |
| Financial debts | 170/4 | €5,797 | - | -€5,797 | |
| Amounts payable within one year | 42/48 | €31,265 | €26,633 | -€4,631 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €6,708 | €5,797 | -€911 | -13.6% |
| Trade debts | 44 | €1,880 | €153 | -€1,727 | -91.9% |
| Suppliers | 440/4 | €1,880 | €153 | -€1,727 | -91.9% |
| Taxes, remuneration and social security | 45 | €22,644 | €20,683 | -€1,961 | -8.7% |
| Taxes | 450/3 | €22,139 | €20,683 | -€1,456 | -6.6% |
| Remuneration and social security | 454/9 | €505 | - | -€505 | |
| Other amounts payable | 47/48 | €33 | - | -€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,223 | €9,349 | +€126 | +1.4% |
| Other operating charges | 640/8 | €241 | - | -€241 | |
| Gross operating margin | 9900 | €77,597 | €85,648 | +€8,051 | +10.4% |
| Operating profit (loss) | 9901 | €68,132 | €76,299 | +€8,166 | +12.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €693 | €668 | -€24 | -3.5% |
| Recurring financial charges | 65 | €693 | €668 | -€24 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €67,440 | €75,630 | +€8,191 | +12.1% |
| Income taxes | 67/77 | €14,761 | €19,951 | +€5,189 | +35.2% |
| Profit (loss) for the period | 9904 | €52,678 | €55,679 | +€3,001 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,678 | €55,679 | +€3,001 | +5.7% |
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 5 October 2026 via checked.be.