NHC: what changed
What changed
NHC
filed annual accounts (NBB)
Net result for the year
€662,864
2024 · €392,221+€270,643
Equity
€1.3m
2024 · €625,765+€662,864
Cash
€38,603
2024 · €3,958+€34,644
Balance sheet total
€2.9m
2024 · €2.5m+€394,139
Largest movements
Assets
- Receivables within one year +€334,446
up €334,446 (+42.0%), from €795,720 to €1.1m
of which Other amounts receivable: +€333,765
- Cash +€34,644
up €34,644 (+875%), from €3,958 to €38,603
mainly Net result for the year (+€662,864) and Tax, wage and social debts (+€101,644)
Equity and liabilities
- Profit (loss) carried forward +€662,864
up €662,864 (+107%), from €620,365 to €1.3m
- Debts after one year -€199,281
down €199,281 (-13.1%), from €1.5m to €1.3m
- Other debts -€156,045
down €156,045 (-100%), from €156,045 to €0
- Tax, wage and social debts +€101,644
up €101,644 (+474%), from €21,427 to €123,071
of which Taxes: +€100,139
Income statement
- Gross operating margin +€383,356
up €383,356 (+201%), from €190,990 to €574,347
- Taxes +€109,808
up €109,808 (+258%), from €42,631 to €152,440
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.
Result 2024
€392,221
Gross operating margin
+€383,356
Depreciation
-€5,462
Other operating charges
+€1,125
Financial income
+€5,383
Financial charges
-€3,951
Taxes
-€109,808
Result 2025
€662,864
raises the resultlowers the result
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.
From operations
+€277,971
Investment
-€31,000
Financing
-€212,327
Cash 2024
€3,958
From operations (derived)
+€277,971
Net result for the year
+€662,864
Depreciation
+€9,062
Receivables within one year
-€334,446
Deferred charges and accrued income
-€3,111
Trade debts
-€2,057
Tax, wage and social debts
+€101,644
Other debts
-€156,045
Accrued charges and deferred income
+€59
Investment (derived)
-€31,000
Investment in fixed assets (net)
-€31,000
Financing
-€212,327
Debts after one year
-€199,281
Current portion of long-term debt
-€13,045
Cash 2025
€38,603
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,536,973 | €2,931,112 | +€394,139 | +15.5% |
| Fixed assets | 21/28 | €1,732,572 | €1,754,510 | +€21,938 | +1.3% |
| Tangible fixed assets | 22/27 | €10,062 | €32,000 | +€21,938 | +218% |
| Furniture and vehicles | 24 | €10,062 | €29,000 | +€18,938 | +188% |
| Other tangible fixed assets | 26 | - | €3,000 | +€3,000 | |
| Financial fixed assets | 28 | €1,722,510 | €1,722,510 | = | 0.0% |
| Current assets | 29/58 | €804,401 | €1,176,603 | +€372,201 | +46.3% |
| Amounts receivable within one year | 40/41 | €795,720 | €1,130,165 | +€334,446 | +42.0% |
| Trade receivables | 40 | €0 | €681 | +€681 | |
| Other amounts receivable | 41 | €795,720 | €1,129,484 | +€333,765 | +41.9% |
| Cash at bank and in hand | 54/58 | €3,958 | €38,603 | +€34,644 | +875% |
| Deferred charges and accrued income | 490/1 | €4,724 | €7,835 | +€3,111 | +65.9% |
| Total equity and liabilities | 10/49 | €2,536,973 | €2,931,112 | +€394,139 | +15.5% |
| Equity | 10/15 | €625,765 | €1,288,629 | +€662,864 | +106% |
| Contributions | 10/11 | €5,400 | €5,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €620,365 | €1,283,229 | +€662,864 | +107% |
| Amounts payable | 17/49 | €1,911,208 | €1,642,483 | -€268,725 | -14.1% |
| Amounts payable after more than one year | 17 | €1,519,353 | €1,320,072 | -€199,281 | -13.1% |
| Financial debts | 170/4 | €1,519,353 | €1,320,072 | -€199,281 | -13.1% |
| Amounts payable within one year | 42/48 | €391,855 | €322,353 | -€69,503 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €212,327 | €199,281 | -€13,045 | -6.1% |
| Trade debts | 44 | €2,057 | €0 | -€2,057 | -100% |
| Suppliers | 440/4 | €2,057 | €0 | -€2,057 | -100% |
| Taxes, remuneration and social security | 45 | €21,427 | €123,071 | +€101,644 | +474% |
| Taxes | 450/3 | €19,932 | €120,071 | +€100,139 | +502% |
| Remuneration and social security | 454/9 | €1,495 | €3,000 | +€1,505 | +101% |
| Other amounts payable | 47/48 | €156,045 | €0 | -€156,045 | -100% |
| Accrued charges and deferred income | 492/3 | - | €59 | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,600 | €9,062 | +€5,462 | +152% |
| Other operating charges | 640/8 | €2,036 | €910 | -€1,125 | -55.3% |
| Gross operating margin | 9900 | €190,990 | €574,347 | +€383,356 | +201% |
| Operating profit (loss) | 9901 | €185,355 | €564,374 | +€379,020 | +204% |
| Financial income | 75/76B | €295,378 | €300,761 | +€5,383 | +1.8% |
| Recurring financial income | 75 | €295,378 | €300,761 | +€5,383 | +1.8% |
| Financial charges | 65/66B | €45,880 | €49,832 | +€3,951 | +8.6% |
| Recurring financial charges | 65 | €45,880 | €49,832 | +€3,951 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €434,853 | €815,304 | +€380,451 | +87.5% |
| Income taxes | 67/77 | €42,631 | €152,440 | +€109,808 | +258% |
| Profit (loss) for the period | 9904 | €392,221 | €662,864 | +€270,643 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €392,221 | €662,864 | +€270,643 | +69.0% |
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Calculation and sources
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 3 November 2026 via checked.be.