NL²: 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.
NL²
Largest movements
- Receivables within one year +€10,843
up €10,843 (+8815.1%), from €123 to €10,966
- Receivables after one year -€10,552
down €10,552 (-27.6%), from €38,217 to €27,665
of which Trade receivables: -€38,217
- Tangible fixed assets -€6,123
down €6,123 (-3.0%), from €205,293 to €199,170
- Cash +€4,122
up €4,122 (+64.3%), from €6,412 to €10,534
mainly Receivables after one year (+€10,552) and Depreciation (+€6,123)
- Debts after one year -€3,000
down €3,000 (-1.2%), from €252,659 to €249,659
of which Other amounts payable: -€252,659
- Financial income +€733
up €733 (+112.0%), from €655 to €1,388
- Gross operating margin +€422
up €422 (+5.6%), from €7,590 to €8,012
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 | €250,237 | €248,719 | -€1,518 | -0.6% |
| Fixed assets | 21/28 | €205,485 | €199,555 | -€5,930 | -2.9% |
| Tangible fixed assets | 22/27 | €205,293 | €199,170 | -€6,123 | -3.0% |
| Land and buildings | 22 | €205,293 | €199,170 | -€6,123 | -3.0% |
| Financial fixed assets | 28 | €192 | €385 | +€193 | +100.5% |
| Current assets | 29/58 | €44,752 | €49,164 | +€4,412 | +9.9% |
| Amounts receivable after more than one year | 29 | €38,217 | €27,665 | -€10,552 | -27.6% |
| Trade receivables | 290 | €38,217 | €0 | -€38,217 | -100.0% |
| Other amounts receivable | 291 | - | €27,665 | +€27,665 | |
| Amounts receivable within one year | 40/41 | €123 | €10,966 | +€10,843 | +8815.1% |
| Other amounts receivable | 41 | €123 | €10,966 | +€10,843 | +8815.1% |
| Cash at bank and in hand | 54/58 | €6,412 | €10,534 | +€4,122 | +64.3% |
| Total equity and liabilities | 10/49 | €250,237 | €248,719 | -€1,518 | -0.6% |
| Equity | 10/15 | -€2,983 | -€1,414 | +€1,569 | +52.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,983 | -€3,414 | +€1,569 | +31.5% |
| Amounts payable | 17/49 | €253,220 | €250,133 | -€3,087 | -1.2% |
| Amounts payable after more than one year | 17 | €252,659 | €249,659 | -€3,000 | -1.2% |
| Financial debts | 170/4 | - | €249,659 | +€249,659 | |
| Other amounts payable | 178/9 | €252,659 | €0 | -€252,659 | -100.0% |
| Amounts payable within one year | 42/48 | €561 | €475 | -€86 | -15.4% |
| Trade debts | 44 | €61 | €24 | -€37 | -61.1% |
| Suppliers | 440/4 | €61 | €24 | -€37 | -61.1% |
| Other amounts payable | 47/48 | €500 | €451 | -€49 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,123 | €6,123 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,610 | €1,661 | +€51 | +3.2% |
| Gross operating margin | 9900 | €7,590 | €8,012 | +€422 | +5.6% |
| Operating profit (loss) | 9901 | -€143 | €228 | +€371 | |
| Financial income | 75/76B | €655 | €1,388 | +€733 | +112.0% |
| Recurring financial income | 75 | €655 | €1,388 | +€733 | +112.0% |
| Financial charges | 65/66B | €47 | €48 | +€1 | +2.1% |
| Recurring financial charges | 65 | €47 | €48 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €465 | €1,569 | +€1,104 | +237.3% |
| Profit (loss) for the period | 9904 | €465 | €1,569 | +€1,104 | +237.3% |
| Profit (loss) for the period to be appropriated | 9905 | €465 | €1,569 | +€1,104 | +237.3% |
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 10 October 2026 via checked.be.