NH Concept: 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 Concept
Largest movements
- Receivables within one year -€20,023
down €20,023 (-94.6%), from €21,175 to €1,152
of which Trade receivables: -€20,422
- Tangible fixed assets +€7,184
up €7,184 (+884.6%), from €812 to €7,996
of which Furniture and vehicles: +€7,545
- Trade debts -€14,298
down €14,298 (-90.8%), from €15,750 to €1,452
- Other debts +€5,863
up €5,863 (+2571.1%), from €228 to €6,091
- Tax, wage and social debts -€4,190
down €4,190 (-72.6%), from €5,773 to €1,583
- Depreciation +€2,167
up €2,167 (+382.3%), from €567 to €2,733
- Gross operating margin +€1,215
up €1,215 (+38.1%), from €3,189 to €4,404
- Other operating charges +€903
new in 2025: €903
- Financial charges +€296
up €296 (+43.1%), from €687 to €983
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 | €21,995 | €9,153 | -€12,842 | -58.4% |
| Fixed assets | 21/28 | €812 | €7,996 | +€7,184 | +884.6% |
| Tangible fixed assets | 22/27 | €812 | €7,996 | +€7,184 | +884.6% |
| Plant, machinery and equipment | 23 | €812 | €451 | -€361 | -44.4% |
| Furniture and vehicles | 24 | - | €7,545 | +€7,545 | |
| Current assets | 29/58 | €21,183 | €1,157 | -€20,025 | -94.5% |
| Amounts receivable within one year | 40/41 | €21,175 | €1,152 | -€20,023 | -94.6% |
| Trade receivables | 40 | €20,496 | €74 | -€20,422 | -99.6% |
| Other amounts receivable | 41 | €679 | €1,078 | +€399 | +58.8% |
| Cash at bank and in hand | 54/58 | €8 | €5 | -€3 | -33.4% |
| Total equity and liabilities | 10/49 | €21,995 | €9,153 | -€12,842 | -58.4% |
| Equity | 10/15 | €244 | €28 | -€216 | -88.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,256 | -€2,472 | -€216 | -9.6% |
| Amounts payable | 17/49 | €21,751 | €9,125 | -€12,626 | -58.0% |
| Amounts payable within one year | 42/48 | €21,751 | €9,125 | -€12,625 | -58.0% |
| Trade debts | 44 | €15,750 | €1,452 | -€14,298 | -90.8% |
| Suppliers | 440/4 | €15,750 | €1,452 | -€14,298 | -90.8% |
| Taxes, remuneration and social security | 45 | €5,773 | €1,583 | -€4,190 | -72.6% |
| Taxes | 450/3 | €5,773 | €1,583 | -€4,190 | -72.6% |
| Other amounts payable | 47/48 | €228 | €6,091 | +€5,863 | +2571.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €567 | €2,733 | +€2,167 | +382.3% |
| Other operating charges | 640/8 | - | €903 | +€903 | |
| Gross operating margin | 9900 | €3,189 | €4,404 | +€1,215 | +38.1% |
| Operating profit (loss) | 9901 | €2,622 | €767 | -€1,855 | -70.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €687 | €983 | +€296 | +43.1% |
| Recurring financial charges | 65 | €687 | €983 | +€296 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €1,938 | -€216 | -€2,154 | |
| Profit (loss) for the period | 9904 | €1,938 | -€216 | -€2,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,938 | -€216 | -€2,154 |
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.