NLPF: 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.
NLPF
Largest movements
- Tangible fixed assets +€23,891
up €23,891 (+3.8%), from €636,015 to €659,906
- Cash -€9,925
down €9,925 (-11.2%), from €88,909 to €78,984
mainly Investment in fixed assets (net) (-€67,200)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€7,827
up €7,827 (+22.1%), from €35,483 to €43,309
- Gross operating margin -€2,481
down €2,481 (-3.9%), from €64,065 to €61,584
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 | €728,959 | €742,915 | +€13,956 | +1.9% |
| Fixed assets | 21/28 | €636,015 | €659,906 | +€23,891 | +3.8% |
| Tangible fixed assets | 22/27 | €636,015 | €659,906 | +€23,891 | +3.8% |
| Land and buildings | 22 | €636,015 | €659,906 | +€23,891 | +3.8% |
| Current assets | 29/58 | €92,943 | €83,009 | -€9,934 | -10.7% |
| Amounts receivable within one year | 40/41 | €2,025 | €1,965 | -€60 | -3.0% |
| Trade receivables | 40 | €2,010 | €1,950 | -€60 | -3.0% |
| Other amounts receivable | 41 | €15 | €15 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,909 | €78,984 | -€9,925 | -11.2% |
| Deferred charges and accrued income | 490/1 | €2,010 | €2,060 | +€51 | +2.5% |
| Total equity and liabilities | 10/49 | €728,959 | €742,915 | +€13,956 | +1.9% |
| Equity | 10/15 | €216,087 | €219,994 | +€3,907 | +1.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,913 | -€30,006 | +€3,907 | +11.5% |
| Amounts payable | 17/49 | €512,872 | €522,921 | +€10,049 | +2.0% |
| Amounts payable after more than one year | 17 | €481,406 | €485,304 | +€3,898 | +0.8% |
| Financial debts | 170/4 | €481,406 | €485,304 | +€3,898 | +0.8% |
| Amounts payable within one year | 42/48 | €29,455 | €35,557 | +€6,101 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €29,455 | €33,496 | +€4,041 | +13.7% |
| Trade debts | 44 | - | €2,060 | +€2,060 | |
| Suppliers | 440/4 | - | €2,060 | +€2,060 | |
| Accrued charges and deferred income | 492/3 | €2,010 | €2,060 | +€51 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,483 | €43,309 | +€7,827 | +22.1% |
| Other operating charges | 640/8 | €4,985 | €5,208 | +€223 | +4.5% |
| Gross operating margin | 9900 | €64,065 | €61,584 | -€2,481 | -3.9% |
| Operating profit (loss) | 9901 | €23,597 | €13,067 | -€10,531 | -44.6% |
| Financial charges | 65/66B | €8,553 | €9,160 | +€606 | +7.1% |
| Recurring financial charges | 65 | €8,553 | €9,160 | +€606 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €15,044 | €3,907 | -€11,137 | -74.0% |
| Profit (loss) for the period | 9904 | €15,044 | €3,907 | -€11,137 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,044 | €3,907 | -€11,137 | -74.0% |
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 6 October 2026 via checked.be.