NH+ SURVEY: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
NH+ SURVEY
Largest movements
- Receivables within one year +€50,683
up €50,683 (+89.6%), from €56,534 to €107,217
of which Trade receivables: +€46,653
- Tangible fixed assets -€16,661
down €16,661 (-19.0%), from €87,584 to €70,924
of which Plant, machinery and equipment: -€14,510
- Cash -€6,168
down €6,168 (-7.9%), from €77,913 to €71,745
mainly Contributions, distributions and other (-€188,000) and Receivables within one year (-€50,683)
- Other debts +€150,572
new in 2025: €150,572
- Reserves -€131,394
down €131,394 (-52.6%), from €249,742 to €118,348
- Gross operating margin -€123,775
down €123,775 (-67.2%), from €184,062 to €60,287
- Financial income +€32,685
up €32,685 (+100,323%), from €33 to €32,718
- Taxes -€28,490
down €28,490 (-78.5%), from €36,271 to €7,781
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,121 | €290,020 | +€20,899 | +7.8% |
| Fixed assets | 21/28 | €94,600 | €72,701 | -€21,899 | -23.1% |
| Intangible fixed assets | 21 | €4,515 | €1,777 | -€2,738 | -60.6% |
| Tangible fixed assets | 22/27 | €87,584 | €70,924 | -€16,661 | -19.0% |
| Land and buildings | 22 | €3,711 | €3,338 | -€373 | -10.0% |
| Plant, machinery and equipment | 23 | €73,501 | €58,990 | -€14,510 | -19.7% |
| Furniture and vehicles | 24 | €10,373 | €8,596 | -€1,777 | -17.1% |
| Financial fixed assets | 28 | €2,500 | €0 | -€2,500 | -100% |
| Current assets | 29/58 | €174,522 | €217,319 | +€42,798 | +24.5% |
| Amounts receivable within one year | 40/41 | €56,534 | €107,217 | +€50,683 | +89.6% |
| Trade receivables | 40 | €44,346 | €90,998 | +€46,653 | +105% |
| Other amounts receivable | 41 | €12,189 | €16,219 | +€4,030 | +33.1% |
| Cash at bank and in hand | 54/58 | €77,913 | €71,745 | -€6,168 | -7.9% |
| Deferred charges and accrued income | 490/1 | €40,074 | €38,357 | -€1,717 | -4.3% |
| Total equity and liabilities | 10/49 | €269,121 | €290,020 | +€20,899 | +7.8% |
| Equity | 10/15 | €268,342 | €136,948 | -€131,394 | -49.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €249,742 | €118,348 | -€131,394 | -52.6% |
| Distributable reserves | 133 | €249,742 | €118,348 | -€131,394 | -52.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €779 | €153,072 | +€152,293 | +19,555% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €671 | €153,072 | +€152,401 | +22,724% |
| Current portion of amounts payable after more than one year | 42 | €519 | €0 | -€519 | -100% |
| Trade debts | 44 | €152 | €2,479 | +€2,327 | +1,531% |
| Suppliers | 440/4 | €152 | €2,479 | +€2,327 | +1,531% |
| Taxes, remuneration and social security | 45 | €0 | €21 | +€21 | |
| Taxes | 450/3 | €0 | €21 | +€21 | |
| Other amounts payable | 47/48 | - | €150,572 | +€150,572 | |
| Accrued charges and deferred income | 492/3 | €108 | €0 | -€108 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,222 | €26,517 | +€295 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,468 | €1,431 | -€37 | -2.5% |
| Gross operating margin | 9900 | €184,062 | €60,287 | -€123,775 | -67.2% |
| Operating profit (loss) | 9901 | €156,373 | €32,339 | -€124,034 | -79.3% |
| Financial income | 75/76B | €33 | €32,718 | +€32,685 | +100,323% |
| Recurring financial income | 75 | €33 | €32,718 | +€32,685 | +100,323% |
| Financial charges | 65/66B | €1,044 | €670 | -€375 | -35.9% |
| Recurring financial charges | 65 | €1,044 | €670 | -€375 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €155,361 | €64,387 | -€90,974 | -58.6% |
| Income taxes | 67/77 | €36,271 | €7,781 | -€28,490 | -78.5% |
| Profit (loss) for the period | 9904 | €119,090 | €56,606 | -€62,484 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,090 | €56,606 | -€62,484 | -52.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.