NLSN: 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.
NLSN
Largest movements
- Receivables within one year +€2,815
up €2,815 (+17.2%), from €16,335 to €19,150
- Cash +€2,517
up €2,517 (+2.0%), from €122,919 to €125,436
mainly Net result for the year (+€131,523) and Other debts (+€25,197)
- Tangible fixed assets -€1,875
down €1,875 (-43.6%), from €4,298 to €2,423
- Other debts +€25,197
up €25,197 (+23.4%), from €107,676 to €132,872
- Tax, wage and social debts -€21,166
down €21,166 (-55.2%), from €38,367 to €17,201
- Gross operating margin +€34,222
up €34,222 (+23.5%), from €145,561 to €179,783
- Taxes +€13,966
up €13,966 (+44.4%), from €31,442 to €45,408
- Depreciation -€5,857
down €5,857 (-75.8%), from €7,732 to €1,875
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 | €146,281 | €150,327 | +€4,046 | +2.8% |
| Fixed assets | 21/28 | €4,298 | €2,423 | -€1,875 | -43.6% |
| Tangible fixed assets | 22/27 | €4,298 | €2,423 | -€1,875 | -43.6% |
| Furniture and vehicles | 24 | €4,298 | €2,423 | -€1,875 | -43.6% |
| Current assets | 29/58 | €141,983 | €147,904 | +€5,921 | +4.2% |
| Amounts receivable within one year | 40/41 | €16,335 | €19,150 | +€2,815 | +17.2% |
| Trade receivables | 40 | €16,335 | €19,150 | +€2,815 | +17.2% |
| Cash at bank and in hand | 54/58 | €122,919 | €125,436 | +€2,517 | +2.0% |
| Deferred charges and accrued income | 490/1 | €2,729 | €3,318 | +€589 | +21.6% |
| Total equity and liabilities | 10/49 | €146,281 | €150,327 | +€4,046 | +2.8% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €146,181 | €150,227 | +€4,046 | +2.8% |
| Amounts payable within one year | 42/48 | €146,181 | €150,227 | +€4,046 | +2.8% |
| Trade debts | 44 | €138 | €154 | +€16 | +11.7% |
| Suppliers | 440/4 | €138 | €154 | +€16 | +11.7% |
| Taxes, remuneration and social security | 45 | €38,367 | €17,201 | -€21,166 | -55.2% |
| Taxes | 450/3 | €38,367 | €17,201 | -€21,166 | -55.2% |
| Other amounts payable | 47/48 | €107,676 | €132,872 | +€25,197 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,732 | €1,875 | -€5,857 | -75.8% |
| Other operating charges | 640/8 | €1,061 | €987 | -€74 | -7.0% |
| Gross operating margin | 9900 | €145,561 | €179,783 | +€34,222 | +23.5% |
| Operating profit (loss) | 9901 | €136,768 | €176,921 | +€40,153 | +29.4% |
| Financial income | 75/76B | €1,131 | €70 | -€1,061 | -93.8% |
| Recurring financial income | 75 | €1,131 | €70 | -€1,061 | -93.8% |
| Financial charges | 65/66B | €125 | €60 | -€65 | -51.8% |
| Recurring financial charges | 65 | €125 | €60 | -€65 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €137,775 | €176,932 | +€39,157 | +28.4% |
| Income taxes | 67/77 | €31,442 | €45,408 | +€13,966 | +44.4% |
| Profit (loss) for the period | 9904 | €106,333 | €131,523 | +€25,191 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €106,333 | €131,523 | +€25,191 | +23.7% |
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 2 October 2026 via checked.be.