nLab: 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.
nLab
Largest movements
- Stocks and contracts +€56,353
up €56,353 (+14.8%), from €381,869 to €438,222
of which Contracts in progress: +€62,953
- Receivables within one year -€6,773
down €6,773 (-34.1%), from €19,879 to €13,107
of which Trade receivables: -€9,445
- Debts after one year +€116,367
up €116,367 (+17.2%), from €677,749 to €794,117
of which Other amounts payable: +€794,117
- Trade debts -€27,741
down €27,741 (-54.5%), from €50,878 to €23,136
- Profit (loss) carried forward -€21,281
down €21,281 (-6.1%), from -€350,746 to -€372,027
- Tax, wage and social debts -€15,387
down €15,387 (-88.2%), from €17,455 to €2,068
of which Taxes: -€15,638
- Accrued charges and deferred income -€5,201
down €5,201 (-100%), from €5,201 to €0
- Gross operating margin -€49,476
down €49,476, from €42,674 to -€6,802
- Staff costs -€19,653
down €19,653 (-65.1%), from €30,201 to €10,548
- Financial charges -€1,384
down €1,384 (-61.1%), from €2,265 to €881
- Other operating charges -€876
down €876 (-62.4%), from €1,403 to €528
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.
Derived cash bridge
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 | €406,737 | €453,494 | +€46,757 | +11.5% |
| Fixed assets | 21/28 | €4,249 | €1,726 | -€2,523 | -59.4% |
| Tangible fixed assets | 22/27 | €4,249 | €1,726 | -€2,523 | -59.4% |
| Plant, machinery and equipment | 23 | €4,249 | €1,726 | -€2,523 | -59.4% |
| Current assets | 29/58 | €402,488 | €451,768 | +€49,280 | +12.2% |
| Stocks and contracts in progress | 3 | €381,869 | €438,222 | +€56,353 | +14.8% |
| Stocks | 30/36 | €18,000 | €11,400 | -€6,600 | -36.7% |
| Contracts in progress | 37 | €363,869 | €426,822 | +€62,953 | +17.3% |
| Amounts receivable within one year | 40/41 | €19,879 | €13,107 | -€6,773 | -34.1% |
| Trade receivables | 40 | €19,800 | €10,355 | -€9,445 | -47.7% |
| Other amounts receivable | 41 | €79 | €2,752 | +€2,672 | +3,375% |
| Cash at bank and in hand | 54/58 | €63 | €439 | +€376 | +595% |
| Deferred charges and accrued income | 490/1 | €676 | €0 | -€676 | -100% |
| Total equity and liabilities | 10/49 | €406,737 | €453,494 | +€46,757 | +11.5% |
| Equity | 10/15 | -€344,546 | -€365,827 | -€21,281 | -6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,746 | -€372,027 | -€21,281 | -6.1% |
| Amounts payable | 17/49 | €751,283 | €819,321 | +€68,038 | +9.1% |
| Amounts payable after more than one year | 17 | €677,749 | €794,117 | +€116,367 | +17.2% |
| Financial debts | 170/4 | €677,749 | - | -€677,749 | |
| Other amounts payable | 178/9 | - | €794,117 | +€794,117 | |
| Amounts payable within one year | 42/48 | €68,333 | €25,205 | -€43,128 | -63.1% |
| Trade debts | 44 | €50,878 | €23,136 | -€27,741 | -54.5% |
| Suppliers | 440/4 | €50,878 | €23,136 | -€27,741 | -54.5% |
| Taxes, remuneration and social security | 45 | €17,455 | €2,068 | -€15,387 | -88.2% |
| Taxes | 450/3 | €15,794 | €156 | -€15,638 | -99.0% |
| Remuneration and social security | 454/9 | €1,661 | €1,912 | +€251 | +15.1% |
| Accrued charges and deferred income | 492/3 | €5,201 | €0 | -€5,201 | -100% |
| Remuneration, social security and pensions | 62 | €30,201 | €10,548 | -€19,653 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,523 | €2,523 | = | 0.0% |
| Other operating charges | 640/8 | €1,403 | €528 | -€876 | -62.4% |
| Non-recurring operating charges | 66A | €14,905 | €0 | -€14,905 | -100% |
| Gross operating margin | 9900 | €42,674 | -€6,802 | -€49,476 | |
| Operating profit (loss) | 9901 | -€6,358 | -€20,400 | -€14,042 | -221% |
| Financial income | 75/76B | €8 | €1 | -€7 | -92.7% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -92.7% |
| Financial charges | 65/66B | €2,265 | €881 | -€1,384 | -61.1% |
| Recurring financial charges | 65 | €2,265 | €881 | -€1,384 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,615 | -€21,281 | -€12,666 | -147% |
| Profit (loss) for the period | 9904 | -€8,615 | -€21,281 | -€12,666 | -147% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,615 | -€21,281 | -€12,666 | -147% |
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 14 October 2026 via checked.be.