nec +: 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.
nec +
Largest movements
- Receivables within one year -€11,572
down €11,572 (-60.1%), from €19,258 to €7,686
of which Trade receivables: -€12,274
- Cash -€5,318
down €5,318 (-2.9%), from €181,069 to €175,751
mainly Trade debts (-€10,253) and Net result for the year (-€6,636)
- Trade debts -€10,253
down €10,253 (-93.5%), from €10,964 to €711
- Profit (loss) carried forward -€6,636
down €6,636 (-6.5%), from €102,396 to €95,760
- Provisions +€17,000
no longer reported in 2025 (was -€17,000)
- Gross operating margin -€8,333
down €8,333, from €2,117 to -€6,216
- Financial income +€474
up €474 (+933%), from €51 to €525
- Other operating charges +€284
up €284 (+107%), from €266 to €549
- Taxes +€83
new in 2025: €83
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 | €200,327 | €183,437 | -€16,889 | -8.4% |
| Current assets | 29/58 | €200,327 | €183,437 | -€16,889 | -8.4% |
| Amounts receivable within one year | 40/41 | €19,258 | €7,686 | -€11,572 | -60.1% |
| Trade receivables | 40 | €19,104 | €6,829 | -€12,274 | -64.3% |
| Other amounts receivable | 41 | €154 | €857 | +€702 | +455% |
| Cash at bank and in hand | 54/58 | €181,069 | €175,751 | -€5,318 | -2.9% |
| Total equity and liabilities | 10/49 | €200,327 | €183,437 | -€16,889 | -8.4% |
| Equity | 10/15 | €170,856 | €164,220 | -€6,636 | -3.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €48,000 | €48,000 | = | 0.0% |
| Distributable reserves | 133 | €48,000 | €48,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,396 | €95,760 | -€6,636 | -6.5% |
| Provisions and deferred taxes | 16 | €15,269 | €15,269 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,269 | €15,269 | = | 0.0% |
| Environmental obligations | 163 | €15,269 | €15,269 | = | 0.0% |
| Amounts payable | 17/49 | €14,202 | €3,949 | -€10,253 | -72.2% |
| Amounts payable within one year | 42/48 | €14,202 | €3,949 | -€10,253 | -72.2% |
| Trade debts | 44 | €10,964 | €711 | -€10,253 | -93.5% |
| Suppliers | 440/4 | €10,964 | €711 | -€10,253 | -93.5% |
| Other amounts payable | 47/48 | €3,238 | €3,238 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,000 | - | +€17,000 | |
| Other operating charges | 640/8 | €266 | €549 | +€284 | +107% |
| Gross operating margin | 9900 | €2,117 | -€6,216 | -€8,333 | |
| Operating profit (loss) | 9901 | €18,851 | -€6,766 | -€25,616 | |
| Financial income | 75/76B | €51 | €525 | +€474 | +933% |
| Recurring financial income | 75 | €51 | €525 | +€474 | +933% |
| Financial charges | 65/66B | €270 | €313 | +€43 | +15.9% |
| Recurring financial charges | 65 | €270 | €313 | +€43 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €18,632 | -€6,553 | -€25,185 | |
| Income taxes | 67/77 | - | €83 | +€83 | |
| Profit (loss) for the period | 9904 | €18,632 | -€6,636 | -€25,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,632 | -€6,636 | -€25,268 |
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 15 October 2026 via checked.be.