NEBAG: what changed
What changed
NEBAG
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€14,568
2024 · €12,340+€2,227
Equity
€168,467
2024 · €167,899+€568
Cash
€38,507
2024 · €91,949-€53,442
Balance sheet total
€340,947
2024 · €271,530+€69,417
Largest movements
Assets
- Tangible fixed assets +€54,661
up €54,661 (+58.2%), from €93,845 to €148,506
of which Furniture and vehicles: +€93,530
- Cash -€53,442
down €53,442 (-58.1%), from €91,949 to €38,507
mainly Investment in fixed assets (net) (-€101,862) and Receivables within one year (-€42,590)
- Receivables within one year +€42,590
up €42,590 (+55.2%), from €77,125 to €119,714
of which Trade receivables: +€35,351
- Stocks and contracts +€28,000
new in 2025: €28,000
of which Contracts in progress: +€22,000
Equity and liabilities
- Debts after one year +€54,577
up €54,577 (+153%), from €35,575 to €90,152
- Other debts +€14,207
up €14,207 (+333%), from €4,266 to €18,474
- Tax, wage and social debts -€11,901
down €11,901 (-45.7%), from €26,022 to €14,122
of which Remuneration and social security: -€9,416
- Current portion of long-term debt +€9,626
up €9,626 (+32.9%), from €29,237 to €38,863
Income statement
- Gross operating margin +€27,629
up €27,629 (+19.4%), from €142,324 to €169,953
- Staff costs +€26,905
up €26,905 (+38.8%), from €69,374 to €96,279
- Depreciation -€2,193
down €2,193 (-4.4%), from €49,394 to €47,201
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.
Result 2024
€12,340
Gross operating margin
+€27,629
Staff costs
-€26,905
Depreciation
+€2,193
Other operating charges
-€585
Other operating items
+€689
Financial income
+€669
Financial charges
+€149
Taxes
-€1,612
Result 2025
€14,568
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1,784
Investment
-€101,862
Financing
+€50,204
Cash 2024
€91,949
From operations (derived)
-€1,784
Net result for the year
+€14,568
Depreciation
+€47,201
Stocks and contracts
-€28,000
Receivables within one year
-€42,590
Deferred charges and accrued income
+€2,392
Trade debts
+€3,039
Tax, wage and social debts
-€11,901
Other debts
+€14,207
Accrued charges and deferred income
-€700
Investment (derived)
-€101,862
Investment in fixed assets (net)
-€101,862
Financing
+€50,204
Debts after one year
+€54,577
Current portion of long-term debt
+€9,626
Contributions, distributions and other
-€14,000
Cash 2025
€38,507
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,530 | €340,947 | +€69,417 | +25.6% |
| Fixed assets | 21/28 | €93,980 | €148,641 | +€54,661 | +58.2% |
| Tangible fixed assets | 22/27 | €93,845 | €148,506 | +€54,661 | +58.2% |
| Plant, machinery and equipment | 23 | €35,656 | €24,213 | -€11,443 | -32.1% |
| Furniture and vehicles | 24 | €23,313 | €116,843 | +€93,530 | +401% |
| Leasing and similar rights | 25 | €34,875 | €7,450 | -€27,425 | -78.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €177,551 | €192,306 | +€14,755 | +8.3% |
| Stocks and contracts in progress | 3 | - | €28,000 | +€28,000 | |
| Stocks | 30/36 | - | €6,000 | +€6,000 | |
| Contracts in progress | 37 | - | €22,000 | +€22,000 | |
| Amounts receivable within one year | 40/41 | €77,125 | €119,714 | +€42,590 | +55.2% |
| Trade receivables | 40 | €71,565 | €106,916 | +€35,351 | +49.4% |
| Other amounts receivable | 41 | €5,560 | €12,798 | +€7,238 | +130% |
| Cash at bank and in hand | 54/58 | €91,949 | €38,507 | -€53,442 | -58.1% |
| Deferred charges and accrued income | 490/1 | €8,477 | €6,085 | -€2,392 | -28.2% |
| Total equity and liabilities | 10/49 | €271,530 | €340,947 | +€69,417 | +25.6% |
| Equity | 10/15 | €167,899 | €168,467 | +€568 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €162,899 | €163,467 | +€568 | +0.3% |
| Distributable reserves | 133 | €162,899 | €163,467 | +€568 | +0.3% |
| Amounts payable | 17/49 | €103,631 | €172,480 | +€68,849 | +66.4% |
| Amounts payable after more than one year | 17 | €35,575 | €90,152 | +€54,577 | +153% |
| Financial debts | 170/4 | €35,575 | €90,152 | +€54,577 | +153% |
| Amounts payable within one year | 42/48 | €67,356 | €82,328 | +€14,972 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €29,237 | €38,863 | +€9,626 | +32.9% |
| Trade debts | 44 | €7,831 | €10,870 | +€3,039 | +38.8% |
| Suppliers | 440/4 | €7,831 | €10,870 | +€3,039 | +38.8% |
| Taxes, remuneration and social security | 45 | €26,022 | €14,122 | -€11,901 | -45.7% |
| Taxes | 450/3 | €8,306 | €5,821 | -€2,485 | -29.9% |
| Remuneration and social security | 454/9 | €17,716 | €8,301 | -€9,416 | -53.1% |
| Other amounts payable | 47/48 | €4,266 | €18,474 | +€14,207 | +333% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Non-recurring operating income | 76A | - | €17,120 | +€17,120 | |
| Remuneration, social security and pensions | 62 | €69,374 | €96,279 | +€26,905 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,394 | €47,201 | -€2,193 | -4.4% |
| Other operating charges | 640/8 | €2,468 | €3,053 | +€585 | +23.7% |
| Non-recurring operating charges | 66A | €805 | €116 | -€689 | -85.6% |
| Gross operating margin | 9900 | €142,324 | €169,953 | +€27,629 | +19.4% |
| Operating profit (loss) | 9901 | €20,282 | €23,304 | +€3,021 | +14.9% |
| Financial income | 75/76B | €21 | €690 | +€669 | +3,191% |
| Recurring financial income | 75 | €21 | €690 | +€669 | +3,191% |
| Financial charges | 65/66B | €5,553 | €5,403 | -€149 | -2.7% |
| Recurring financial charges | 65 | €5,368 | €5,403 | +€36 | +0.7% |
| Non-recurring financial charges | 66B | €185 | - | -€185 | |
| Profit (loss) for the period before taxes | 9903 | €14,751 | €18,590 | +€3,840 | +26.0% |
| Income taxes | 67/77 | €2,410 | €4,023 | +€1,612 | +66.9% |
| Profit (loss) for the period | 9904 | €12,340 | €14,568 | +€2,227 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,340 | €14,568 | +€2,227 | +18.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.