NEBS: 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.
NEBS
Largest movements
- Cash -€86,779
down €86,779 (-55.7%), from €155,663 to €68,884
mainly Current investments (-€80,000) and Contributions, distributions and other (-€60,000)
- Current investments +€80,000
new in 2025: €80,000
- Receivables within one year +€15,535
up €15,535 (+134.9%), from €11,516 to €27,051
of which Trade receivables: +€12,190
- Accrued charges and deferred income -€35,517
down €35,517 (-60.3%), from €58,868 to €23,351
- Debts after one year +€32,509
up €32,509 (+867.4%), from €3,748 to €36,257
- Other debts +€21,500
up €21,500 (+55.8%), from €38,500 to €60,000
- Tax, wage and social debts -€7,000
down €7,000 (-86.8%), from €8,061 to €1,061
- Trade debts -€3,990
down €3,990 (-60.6%), from €6,580 to €2,590
- Gross operating margin +€28,360
up €28,360 (+55.3%), from €51,278 to €79,638
- Taxes +€5,828
up €5,828 (+52.8%), from €11,034 to €16,862
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 | €169,997 | €178,470 | +€8,473 | +5.0% |
| Fixed assets | 21/28 | €1,922 | €1,264 | -€658 | -34.2% |
| Tangible fixed assets | 22/27 | €1,289 | €631 | -€658 | -51.0% |
| Furniture and vehicles | 24 | €1,289 | €631 | -€658 | -51.0% |
| Financial fixed assets | 28 | €633 | €633 | = | 0.0% |
| Current assets | 29/58 | €168,075 | €177,206 | +€9,131 | +5.4% |
| Amounts receivable within one year | 40/41 | €11,516 | €27,051 | +€15,535 | +134.9% |
| Trade receivables | 40 | €5,551 | €17,741 | +€12,190 | +219.6% |
| Other amounts receivable | 41 | €5,965 | €9,310 | +€3,345 | +56.1% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €155,663 | €68,884 | -€86,779 | -55.7% |
| Deferred charges and accrued income | 490/1 | €896 | €1,271 | +€375 | +41.9% |
| Total equity and liabilities | 10/49 | €169,997 | €178,470 | +€8,473 | +5.0% |
| Equity | 10/15 | €54,240 | €55,211 | +€971 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,826 | €33,826 | = | 0.0% |
| Distributable reserves | 133 | €33,826 | €33,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,814 | €2,785 | +€971 | +53.5% |
| Amounts payable | 17/49 | €115,757 | €123,259 | +€7,502 | +6.5% |
| Amounts payable after more than one year | 17 | €3,748 | €36,257 | +€32,509 | +867.4% |
| Other amounts payable | 178/9 | €3,748 | €36,257 | +€32,509 | +867.4% |
| Amounts payable within one year | 42/48 | €53,141 | €63,651 | +€10,510 | +19.8% |
| Trade debts | 44 | €6,580 | €2,590 | -€3,990 | -60.6% |
| Suppliers | 440/4 | €6,580 | €2,590 | -€3,990 | -60.6% |
| Taxes, remuneration and social security | 45 | €8,061 | €1,061 | -€7,000 | -86.8% |
| Taxes | 450/3 | €8,061 | €1,061 | -€7,000 | -86.8% |
| Other amounts payable | 47/48 | €38,500 | €60,000 | +€21,500 | +55.8% |
| Accrued charges and deferred income | 492/3 | €58,868 | €23,351 | -€35,517 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €658 | -€72 | -9.9% |
| Other operating charges | 640/8 | €893 | €960 | +€67 | +7.5% |
| Gross operating margin | 9900 | €51,278 | €79,638 | +€28,360 | +55.3% |
| Operating profit (loss) | 9901 | €49,655 | €78,020 | +€28,365 | +57.1% |
| Financial income | 75/76B | €554 | €34 | -€520 | -93.9% |
| Recurring financial income | 75 | €554 | €34 | -€520 | -93.9% |
| Financial charges | 65/66B | €199 | €221 | +€22 | +11.1% |
| Recurring financial charges | 65 | €199 | €221 | +€22 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €50,010 | €77,833 | +€27,823 | +55.6% |
| Income taxes | 67/77 | €11,034 | €16,862 | +€5,828 | +52.8% |
| Profit (loss) for the period | 9904 | €38,976 | €60,971 | +€21,995 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,976 | €60,971 | +€21,995 | +56.4% |
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 11 October 2026 via checked.be.