NL GROUP: 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.
NL GROUP
Largest movements
- Receivables within one year +€36,051
up €36,051 (+5827.7%), from €619 to €36,670
of which Trade receivables: +€36,259
- Cash -€11,706
down €11,706 (-50.8%), from €23,063 to €11,357
mainly Receivables within one year (-€36,051) and Tax, wage and social debts (-€2,864)
- Financial fixed assets +€1,877
up €1,877 (+120.3%), from €1,560 to €3,437
- Other debts +€25,790
up €25,790 (+334.5%), from €7,709 to €33,500
- Tax, wage and social debts -€2,864
down €2,864 (-48.3%), from €5,933 to €3,070
- Profit (loss) carried forward +€2,519
up €2,519 (+28.4%), from €8,853 to €11,372
- Trade debts +€776
up €776 (+104.2%), from €745 to €1,522
- Gross operating margin -€8,604
down €8,604 (-69.1%), from €12,449 to €3,844
- Taxes -€1,784
down €1,784 (-73.9%), from €2,413 to €630
- Other operating charges +€370
up €370 (+740.5%), from €50 to €420
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 | €25,242 | €51,463 | +€26,221 | +103.9% |
| Fixed assets | 21/28 | €1,560 | €3,437 | +€1,877 | +120.3% |
| Financial fixed assets | 28 | €1,560 | €3,437 | +€1,877 | +120.3% |
| Current assets | 29/58 | €23,682 | €48,026 | +€24,345 | +102.8% |
| Amounts receivable within one year | 40/41 | €619 | €36,670 | +€36,051 | +5827.7% |
| Trade receivables | 40 | €411 | €36,670 | +€36,259 | +8819.1% |
| Other amounts receivable | 41 | €207 | €0 | -€207 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,063 | €11,357 | -€11,706 | -50.8% |
| Total equity and liabilities | 10/49 | €25,242 | €51,463 | +€26,221 | +103.9% |
| Equity | 10/15 | €10,853 | €13,372 | +€2,519 | +23.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,853 | €11,372 | +€2,519 | +28.4% |
| Amounts payable | 17/49 | €14,388 | €38,091 | +€23,703 | +164.7% |
| Amounts payable within one year | 42/48 | €14,388 | €38,091 | +€23,703 | +164.7% |
| Trade debts | 44 | €745 | €1,522 | +€776 | +104.2% |
| Suppliers | 440/4 | €745 | €1,522 | +€776 | +104.2% |
| Taxes, remuneration and social security | 45 | €5,933 | €3,070 | -€2,864 | -48.3% |
| Taxes | 450/3 | €5,933 | €3,070 | -€2,864 | -48.3% |
| Other amounts payable | 47/48 | €7,709 | €33,500 | +€25,790 | +334.5% |
| Other operating charges | 640/8 | €50 | €420 | +€370 | +740.5% |
| Gross operating margin | 9900 | €12,449 | €3,844 | -€8,604 | -69.1% |
| Operating profit (loss) | 9901 | €12,399 | €3,424 | -€8,974 | -72.4% |
| Financial charges | 65/66B | €332 | €276 | -€56 | -16.8% |
| Recurring financial charges | 65 | €332 | €276 | -€56 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €12,067 | €3,148 | -€8,919 | -73.9% |
| Income taxes | 67/77 | €2,413 | €630 | -€1,784 | -73.9% |
| Profit (loss) for the period | 9904 | €9,653 | €2,519 | -€7,135 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,653 | €2,519 | -€7,135 | -73.9% |
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 12 October 2026 via checked.be.