NL MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€3,813
up €3,813 (+167.4%), from €2,278 to €6,090
mainly Net result for the year (+€13,429) and Receivables within one year (+€2,977)
- Receivables within one year -€2,977
down €2,977 (-24.2%), from €12,290 to €9,313
of which Trade receivables: -€10,970
- Profit (loss) carried forward +€13,429
up €13,429, from -€6,274 to €7,155
- Other debts -€10,328
no longer reported in 2025 (was €10,328)
- Tax, wage and social debts -€4,842
down €4,842 (-61.7%), from €7,849 to €3,007
of which Taxes: -€2,842
- Trade debts +€2,520
up €2,520 (+650.7%), from €387 to €2,908
- Gross operating margin +€23,815
up €23,815, from -€5,536 to €18,278
- Taxes +€2,952
up €2,952 (+9746.2%), from €30 to €2,982
- Financial charges +€1,443
up €1,443 (+517.1%), from €279 to €1,723
- Financial income +€422
new in 2025: €422
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 | €14,790 | €15,570 | +€780 | +5.3% |
| Current assets | 29/58 | €14,790 | €15,570 | +€780 | +5.3% |
| Amounts receivable within one year | 40/41 | €12,290 | €9,313 | -€2,977 | -24.2% |
| Trade receivables | 40 | €12,290 | €1,320 | -€10,970 | -89.3% |
| Other amounts receivable | 41 | - | €7,992 | +€7,992 | |
| Cash at bank and in hand | 54/58 | €2,278 | €6,090 | +€3,813 | +167.4% |
| Deferred charges and accrued income | 490/1 | €222 | €167 | -€55 | -24.8% |
| Total equity and liabilities | 10/49 | €14,790 | €15,570 | +€780 | +5.3% |
| Equity | 10/15 | -€3,774 | €9,655 | +€13,429 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,274 | €7,155 | +€13,429 | |
| Amounts payable | 17/49 | €18,563 | €5,915 | -€12,649 | -68.1% |
| Amounts payable within one year | 42/48 | €18,563 | €5,915 | -€12,649 | -68.1% |
| Trade debts | 44 | €387 | €2,908 | +€2,520 | +650.7% |
| Suppliers | 440/4 | €387 | €2,908 | +€2,520 | +650.7% |
| Taxes, remuneration and social security | 45 | €7,849 | €3,007 | -€4,842 | -61.7% |
| Taxes | 450/3 | €5,849 | €3,007 | -€2,842 | -48.6% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €10,328 | - | -€10,328 | |
| Other operating charges | 640/8 | €428 | €566 | +€138 | +32.2% |
| Gross operating margin | 9900 | -€5,536 | €18,278 | +€23,815 | |
| Operating profit (loss) | 9901 | -€5,964 | €17,713 | +€23,677 | |
| Financial income | 75/76B | - | €422 | +€422 | |
| Recurring financial income | 75 | - | €422 | +€422 | |
| Financial charges | 65/66B | €279 | €1,723 | +€1,443 | +517.1% |
| Recurring financial charges | 65 | €279 | €1,723 | +€1,443 | +517.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,243 | €16,412 | +€22,655 | |
| Income taxes | 67/77 | €30 | €2,982 | +€2,952 | +9746.2% |
| Profit (loss) for the period | 9904 | -€6,274 | €13,429 | +€19,703 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,274 | €13,429 | +€19,703 |
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 8 October 2026 via checked.be.