NLBInvest: 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.
NLBInvest
Largest movements
- Tangible fixed assets -€5,902
down €5,902 (-8.4%), from €70,022 to €64,120
of which Land and buildings: -€5,413
- Profit (loss) carried forward -€8,892
down €8,892 (-19.3%), from -€46,116 to -€55,008
- Other debts +€4,272
up €4,272 (+17.2%), from €24,798 to €29,070
- Trade debts -€1,142
down €1,142 (-24.6%), from €4,644 to €3,502
- Gross operating margin +€539
up €539 (+94.1%), from -€573 to -€34
- Financial charges +€303
up €303 (+1062.5%), from €29 to €331
- Other operating charges +€74
up €74 (+2.9%), from €2,551 to €2,625
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 | €70,324 | €64,562 | -€5,762 | -8.2% |
| Fixed assets | 21/28 | €70,172 | €64,270 | -€5,902 | -8.4% |
| Tangible fixed assets | 22/27 | €70,022 | €64,120 | -€5,902 | -8.4% |
| Land and buildings | 22 | €67,640 | €62,227 | -€5,413 | -8.0% |
| Other tangible fixed assets | 26 | €2,383 | €1,894 | -€489 | -20.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €151 | €292 | +€141 | +93.1% |
| Cash at bank and in hand | 54/58 | €151 | €292 | +€141 | +93.1% |
| Total equity and liabilities | 10/49 | €70,324 | €64,562 | -€5,762 | -8.2% |
| Equity | 10/15 | €40,882 | €31,989 | -€8,892 | -21.8% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €235 | €235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €235 | €235 | = | 0.0% |
| Legal reserve | 130 | €235 | €235 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,116 | -€55,008 | -€8,892 | -19.3% |
| Amounts payable | 17/49 | €29,442 | €32,572 | +€3,131 | +10.6% |
| Amounts payable within one year | 42/48 | €29,442 | €32,572 | +€3,131 | +10.6% |
| Trade debts | 44 | €4,644 | €3,502 | -€1,142 | -24.6% |
| Suppliers | 440/4 | €4,644 | €3,502 | -€1,142 | -24.6% |
| Other amounts payable | 47/48 | €24,798 | €29,070 | +€4,272 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,902 | €5,902 | = | 0.0% |
| Other operating charges | 640/8 | €2,551 | €2,625 | +€74 | +2.9% |
| Gross operating margin | 9900 | -€573 | -€34 | +€539 | +94.1% |
| Operating profit (loss) | 9901 | -€9,026 | -€8,561 | +€465 | +5.1% |
| Financial charges | 65/66B | €29 | €331 | +€303 | +1062.5% |
| Recurring financial charges | 65 | €29 | €331 | +€303 | +1062.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,054 | -€8,892 | +€162 | +1.8% |
| Profit (loss) for the period | 9904 | -€9,054 | -€8,892 | +€162 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,054 | -€8,892 | +€162 | +1.8% |
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.