NN Group: 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.
NN Group
Largest movements
- Cash +€174,510
up €174,510 (+176%), from €99,387 to €273,897
mainly Investment in fixed assets (net) (+€93,525) and Net result for the year (+€89,898)
- Financial fixed assets -€168,525
down €168,525 (-7.5%), from €2.2m to €2.1m
- Tangible fixed assets +€63,014
new in 2025: €63,014
- Receivables within one year -€30,000
down €30,000 (-14.3%), from €210,000 to €180,000
- Other debts +€39,182
new in 2025: €39,182
- Reserves +€26,724
up €26,724 (+5.5%), from €485,526 to €512,250
- Tax, wage and social debts -€26,702
down €26,702 (-74.5%), from €35,834 to €9,132
- Financial income -€288,000
down €288,000 (-72.0%), from €400,000 to €112,000
- Taxes -€26,702
down €26,702 (-71.5%), from €37,334 to €10,632
- Depreciation +€11,986
new in 2025: €11,986
- Financial charges +€5,525
up €5,525 (+3,947%), from €140 to €5,665
- Gross operating margin +€3,308
up €3,308 (+76.1%), from €4,345 to €7,653
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 | €2,546,660 | €2,588,176 | +€41,516 | +1.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,237,273 | €2,131,762 | -€105,512 | -4.7% |
| Tangible fixed assets | 22/27 | - | €63,014 | +€63,014 | |
| Furniture and vehicles | 24 | - | €63,014 | +€63,014 | |
| Financial fixed assets | 28 | €2,237,273 | €2,068,748 | -€168,525 | -7.5% |
| Current assets | 29/58 | €309,387 | €456,414 | +€147,027 | +47.5% |
| Amounts receivable within one year | 40/41 | €210,000 | €180,000 | -€30,000 | -14.3% |
| Other amounts receivable | 41 | €210,000 | €180,000 | -€30,000 | -14.3% |
| Cash at bank and in hand | 54/58 | €99,387 | €273,897 | +€174,510 | +176% |
| Deferred charges and accrued income | 490/1 | - | €2,517 | +€2,517 | |
| Total equity and liabilities | 10/49 | €2,546,660 | €2,588,176 | +€41,516 | +1.6% |
| Equity | 10/15 | €2,510,826 | €2,537,550 | +€26,724 | +1.1% |
| Contributions | 10/11 | €2,025,300 | €2,025,300 | = | 0.0% |
| Reserves | 13 | €485,526 | €512,250 | +€26,724 | +5.5% |
| Distributable reserves | 133 | €485,526 | €512,250 | +€26,724 | +5.5% |
| Amounts payable | 17/49 | €35,834 | €50,626 | +€14,792 | +41.3% |
| Amounts payable within one year | 42/48 | €35,834 | €50,516 | +€14,681 | +41.0% |
| Trade debts | 44 | - | €2,201 | +€2,201 | |
| Suppliers | 440/4 | - | €2,201 | +€2,201 | |
| Taxes, remuneration and social security | 45 | €35,834 | €9,132 | -€26,702 | -74.5% |
| Taxes | 450/3 | €35,834 | €9,132 | -€26,702 | -74.5% |
| Other amounts payable | 47/48 | - | €39,182 | +€39,182 | |
| Accrued charges and deferred income | 492/3 | - | €111 | +€111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,986 | +€11,986 | |
| Other operating charges | 640/8 | €1,155 | €1,471 | +€317 | +27.4% |
| Gross operating margin | 9900 | €4,345 | €7,653 | +€3,308 | +76.1% |
| Operating profit (loss) | 9901 | €3,191 | -€5,805 | -€8,995 | |
| Financial income | 75/76B | €400,000 | €112,000 | -€288,000 | -72.0% |
| Recurring financial income | 75 | €400,000 | €112,000 | -€288,000 | -72.0% |
| Financial charges | 65/66B | €140 | €5,665 | +€5,525 | +3,947% |
| Recurring financial charges | 65 | €140 | €5,665 | +€5,525 | +3,947% |
| Profit (loss) for the period before taxes | 9903 | €403,051 | €100,530 | -€302,520 | -75.1% |
| Income taxes | 67/77 | €37,334 | €10,632 | -€26,702 | -71.5% |
| Profit (loss) for the period | 9904 | €365,716 | €89,898 | -€275,818 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €365,716 | €89,898 | -€275,818 | -75.4% |
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 13 October 2026 via checked.be.