NL: what changed
Two fiscal 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.
NL
Largest movements
- Receivables within one year +€28,892
up €28,892 (+15.9%), from €181,157 to €210,050
of which Other amounts receivable: +€63,638
- Profit (loss) carried forward +€15,980
up €15,980 (+11.2%), from €142,561 to €158,541
- Trade debts +€5,880
up €5,880 (+99.0%), from €5,942 to €11,822
- Tax, wage and social debts +€3,280
up €3,280 (+46.7%), from €7,030 to €10,310
- Gross operating margin +€28,439
up €28,439 (+237.8%), from €11,962 to €40,401
- Write-downs +€20,959
new in 2025: €20,959
- Financial income +€10,681
up €10,681, from €0 to €10,681
- Taxes +€6,332
up €6,332 (+422.2%), from €1,500 to €7,832
- Financial charges -€2,487
down €2,487 (-86.1%), from €2,887 to €400
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 | €186,993 | €212,834 | +€25,841 | +13.8% |
| Fixed assets | 21/28 | €2,197 | €498 | -€1,699 | -77.3% |
| Tangible fixed assets | 22/27 | €2,117 | €418 | -€1,699 | -80.2% |
| Plant, machinery and equipment | 23 | €305 | €0 | -€305 | -100.0% |
| Furniture and vehicles | 24 | €474 | €0 | -€474 | -100.0% |
| Other tangible fixed assets | 26 | €1,338 | €418 | -€920 | -68.7% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €184,796 | €212,336 | +€27,539 | +14.9% |
| Stocks and contracts in progress | 3 | €1,996 | €1,642 | -€354 | -17.7% |
| Stocks | 30/36 | €1,996 | €1,642 | -€354 | -17.7% |
| Amounts receivable within one year | 40/41 | €181,157 | €210,050 | +€28,892 | +15.9% |
| Trade receivables | 40 | €40,383 | €5,638 | -€34,745 | -86.0% |
| Other amounts receivable | 41 | €140,775 | €204,412 | +€63,638 | +45.2% |
| Cash at bank and in hand | 54/58 | €1,451 | €644 | -€808 | -55.6% |
| Deferred charges and accrued income | 490/1 | €191 | €0 | -€191 | -100.0% |
| Total equity and liabilities | 10/49 | €186,993 | €212,834 | +€25,841 | +13.8% |
| Equity | 10/15 | €174,021 | €190,001 | +€15,980 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,860 | €12,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,561 | €158,541 | +€15,980 | +11.2% |
| Amounts payable | 17/49 | €12,973 | €22,833 | +€9,860 | +76.0% |
| Amounts payable within one year | 42/48 | €12,973 | €22,133 | +€9,160 | +70.6% |
| Trade debts | 44 | €5,942 | €11,822 | +€5,880 | +99.0% |
| Suppliers | 440/4 | €5,942 | €11,822 | +€5,880 | +99.0% |
| Taxes, remuneration and social security | 45 | €7,030 | €10,310 | +€3,280 | +46.7% |
| Taxes | 450/3 | €7,030 | €10,310 | +€3,280 | +46.7% |
| Accrued charges and deferred income | 492/3 | - | €700 | +€700 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €125 | €17 | -€107 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,915 | €1,699 | -€217 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,959 | +€20,959 | |
| Other operating charges | 640/8 | €1,730 | €1,707 | -€24 | -1.4% |
| Non-recurring operating charges | 66A | - | €2,488 | +€2,488 | |
| Gross operating margin | 9900 | €11,962 | €40,401 | +€28,439 | +237.8% |
| Operating profit (loss) | 9901 | €8,191 | €13,531 | +€5,340 | +65.2% |
| Financial income | 75/76B | €0 | €10,681 | +€10,681 | |
| Recurring financial income | 75 | €0 | €10,681 | +€10,681 | |
| Financial charges | 65/66B | €2,887 | €400 | -€2,487 | -86.1% |
| Recurring financial charges | 65 | €2,887 | €400 | -€2,487 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €5,304 | €23,812 | +€18,508 | +349.0% |
| Income taxes | 67/77 | €1,500 | €7,832 | +€6,332 | +422.2% |
| Profit (loss) for the period | 9904 | €3,804 | €15,980 | +€12,176 | +320.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,804 | €15,980 | +€12,176 | +320.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.