NLS: 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.
NLS
Largest movements
- Cash -€64,396
down €64,396 (-83.4%), from €77,249 to €12,853
mainly Receivables within one year (-€46,802) and Debts after one year (-€37,698)
- Receivables within one year +€46,802
up €46,802 (+224.4%), from €20,855 to €67,657
of which Trade receivables: +€56,181
- Tangible fixed assets -€20,120
down €20,120 (-21.0%), from €95,868 to €75,749
of which Furniture and vehicles: -€22,878
- Deferred charges and accrued income -€2,211
down €2,211 (-60.6%), from €3,648 to €1,437
- Debts after one year -€37,698
down €37,698 (-29.9%), from €126,013 to €88,315
- Other debts -€5,230
down €5,230 (-14.3%), from €36,559 to €31,329
- Tax, wage and social debts +€3,577
up €3,577 (+30.1%), from €11,889 to €15,466
- Depreciation +€4,833
up €4,833 (+22.8%), from €21,159 to €25,992
- Gross operating margin +€2,512
up €2,512 (+8.9%), from €28,143 to €30,654
- Taxes -€621
down €621 (-17.7%), from €3,500 to €2,879
- Other operating charges -€404
down €404 (-28.5%), from €1,420 to €1,016
- Financial charges -€313
down €313 (-35.6%), from €880 to €567
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 | €197,621 | €157,696 | -€39,925 | -20.2% |
| Fixed assets | 21/28 | €95,868 | €75,749 | -€20,120 | -21.0% |
| Tangible fixed assets | 22/27 | €95,868 | €75,749 | -€20,120 | -21.0% |
| Plant, machinery and equipment | 23 | - | €2,759 | +€2,759 | |
| Furniture and vehicles | 24 | €95,868 | €72,990 | -€22,878 | -23.9% |
| Current assets | 29/58 | €101,753 | €81,948 | -€19,805 | -19.5% |
| Amounts receivable within one year | 40/41 | €20,855 | €67,657 | +€46,802 | +224.4% |
| Trade receivables | 40 | €9,355 | €65,537 | +€56,181 | +600.5% |
| Other amounts receivable | 41 | €11,500 | €2,121 | -€9,379 | -81.6% |
| Cash at bank and in hand | 54/58 | €77,249 | €12,853 | -€64,396 | -83.4% |
| Deferred charges and accrued income | 490/1 | €3,648 | €1,437 | -€2,211 | -60.6% |
| Total equity and liabilities | 10/49 | €197,621 | €157,696 | -€39,925 | -20.2% |
| Equity | 10/15 | €10,150 | €9,550 | -€599 | -5.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,150 | €4,550 | -€599 | -11.6% |
| Distributable reserves | 133 | €5,150 | €4,550 | -€599 | -11.6% |
| Amounts payable | 17/49 | €187,471 | €148,146 | -€39,325 | -21.0% |
| Amounts payable after more than one year | 17 | €126,013 | €88,315 | -€37,698 | -29.9% |
| Financial debts | 170/4 | €126,013 | €88,315 | -€37,698 | -29.9% |
| Amounts payable within one year | 42/48 | €61,458 | €59,831 | -€1,627 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €11,438 | €11,698 | +€260 | +2.3% |
| Trade debts | 44 | €1,572 | €1,338 | -€234 | -14.9% |
| Suppliers | 440/4 | €1,572 | €1,338 | -€234 | -14.9% |
| Taxes, remuneration and social security | 45 | €11,889 | €15,466 | +€3,577 | +30.1% |
| Taxes | 450/3 | €11,889 | €15,466 | +€3,577 | +30.1% |
| Other amounts payable | 47/48 | €36,559 | €31,329 | -€5,230 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,159 | €25,992 | +€4,833 | +22.8% |
| Other operating charges | 640/8 | €1,420 | €1,016 | -€404 | -28.5% |
| Gross operating margin | 9900 | €28,143 | €30,654 | +€2,512 | +8.9% |
| Operating profit (loss) | 9901 | €5,564 | €3,647 | -€1,917 | -34.5% |
| Financial charges | 65/66B | €880 | €567 | -€313 | -35.6% |
| Recurring financial charges | 65 | €880 | €567 | -€313 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €4,684 | €3,080 | -€1,604 | -34.2% |
| Income taxes | 67/77 | €3,500 | €2,879 | -€621 | -17.7% |
| Profit (loss) for the period | 9904 | €1,184 | €201 | -€984 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,184 | €201 | -€984 | -83.1% |
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 10 October 2026 via checked.be.