NH 01: 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.
NH 01
Largest movements
- Cash +€37,988
up €37,988 (+588%), from €6,462 to €44,450
mainly Advances received (+€25,708) and Receivables within one year (+€17,885)
- Receivables within one year -€17,885
down €17,885 (-32.3%), from €55,351 to €37,466
of which Trade receivables: -€14,176
- Stocks and contracts -€15,563
down €15,563 (-11.5%), from €135,553 to €119,990
- Deferred charges and accrued income +€7,585
up €7,585 (+1,451%), from €523 to €8,108
- Tangible fixed assets -€6,619
down €6,619 (-19.3%), from €34,330 to €27,711
- Advances received +€25,708
new in 2025: €25,708
- Trade debts -€15,879
down €15,879 (-31.2%), from €50,897 to €35,018
- Debts after one year -€9,500
down €9,500 (-9.8%), from €97,000 to €87,500
- Accrued charges and deferred income +€6,118
up €6,118 (+183%), from €3,346 to €9,464
- Tax, wage and social debts -€4,775
down €4,775 (-10.4%), from €45,884 to €41,109
of which Remuneration and social security: -€13,722
- Gross operating margin +€96,826
up €96,826, from -€10,619 to €86,207
- Staff costs +€45,317
up €45,317 (+190%), from €23,860 to €69,177
- Financial charges +€3,328
up €3,328 (+81.1%), from €4,103 to €7,432
- Other operating charges -€2,714
down €2,714 (-45.2%), from €6,001 to €3,287
- Financial income +€1,677
up €1,677 (+112%), from €1,503 to €3,180
of which Financial income: +€2,028
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 | €237,718 | €237,725 | +€7 | 0.0% |
| Fixed assets | 21/28 | €39,830 | €27,711 | -€12,119 | -30.4% |
| Tangible fixed assets | 22/27 | €34,330 | €27,711 | -€6,619 | -19.3% |
| Plant, machinery and equipment | 23 | €4,906 | €2,884 | -€2,022 | -41.2% |
| Furniture and vehicles | 24 | €8,793 | €6,409 | -€2,384 | -27.1% |
| Other tangible fixed assets | 26 | €20,631 | €18,418 | -€2,213 | -10.7% |
| Financial fixed assets | 28 | €5,500 | €0 | -€5,500 | -100% |
| Current assets | 29/58 | €197,888 | €210,014 | +€12,126 | +6.1% |
| Stocks and contracts in progress | 3 | €135,553 | €119,990 | -€15,563 | -11.5% |
| Stocks | 30/36 | €135,553 | €119,990 | -€15,563 | -11.5% |
| Amounts receivable within one year | 40/41 | €55,351 | €37,466 | -€17,885 | -32.3% |
| Trade receivables | 40 | €44,227 | €30,051 | -€14,176 | -32.1% |
| Other amounts receivable | 41 | €11,125 | €7,415 | -€3,710 | -33.3% |
| Cash at bank and in hand | 54/58 | €6,462 | €44,450 | +€37,988 | +588% |
| Deferred charges and accrued income | 490/1 | €523 | €8,108 | +€7,585 | +1,451% |
| Total equity and liabilities | 10/49 | €237,718 | €237,725 | +€7 | 0.0% |
| Equity | 10/15 | -€43,881 | -€42,793 | +€1,087 | +2.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,881 | -€47,793 | +€1,087 | +2.2% |
| Amounts payable | 17/49 | €281,599 | €280,518 | -€1,081 | -0.4% |
| Amounts payable after more than one year | 17 | €97,000 | €87,500 | -€9,500 | -9.8% |
| Financial debts | 170/4 | €97,000 | €87,500 | -€9,500 | -9.8% |
| Amounts payable within one year | 42/48 | €181,252 | €183,554 | +€2,302 | +1.3% |
| Trade debts | 44 | €50,897 | €35,018 | -€15,879 | -31.2% |
| Suppliers | 440/4 | €50,897 | €35,018 | -€15,879 | -31.2% |
| Advances received on contracts in progress | 46 | - | €25,708 | +€25,708 | |
| Taxes, remuneration and social security | 45 | €45,884 | €41,109 | -€4,775 | -10.4% |
| Taxes | 450/3 | €25,799 | €34,746 | +€8,947 | +34.7% |
| Remuneration and social security | 454/9 | €20,085 | €6,363 | -€13,722 | -68.3% |
| Other amounts payable | 47/48 | €84,472 | €81,720 | -€2,752 | -3.3% |
| Accrued charges and deferred income | 492/3 | €3,346 | €9,464 | +€6,118 | +183% |
| Non-recurring operating income | 76A | - | €13,980 | +€13,980 | |
| Remuneration, social security and pensions | 62 | €23,860 | €69,177 | +€45,317 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,800 | €6,619 | +€819 | +14.1% |
| Other operating charges | 640/8 | €6,001 | €3,287 | -€2,714 | -45.2% |
| Non-recurring operating charges | 66A | - | €1,749 | +€1,749 | |
| Gross operating margin | 9900 | -€10,619 | €86,207 | +€96,826 | |
| Operating profit (loss) | 9901 | -€46,280 | €5,376 | +€51,656 | |
| Financial income | 75/76B | €1,503 | €3,180 | +€1,677 | +112% |
| Recurring financial income | 75 | €1,152 | €3,180 | +€2,028 | +176% |
| Non-recurring financial income | 76B | €351 | €0 | -€351 | -100% |
| Financial charges | 65/66B | €4,103 | €7,432 | +€3,328 | +81.1% |
| Recurring financial charges | 65 | €4,103 | €7,432 | +€3,328 | +81.1% |
| Profit (loss) for the period before taxes | 9903 | -€48,881 | €1,123 | +€50,004 | |
| Income taxes | 67/77 | - | €36 | +€36 | |
| Profit (loss) for the period | 9904 | -€48,881 | €1,087 | +€49,968 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,881 | €1,087 | +€49,968 |
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 19 October 2026 via checked.be.