NP Management: 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.
NP Management
Largest movements
- Cash -€118,208
no longer reported in 2025 (was €118,208)
mainly Tax, wage and social debts (-€79,762) and Receivables within one year (-€58,207)
- Receivables within one year +€58,207
up €58,207 (+49.9%), from €116,707 to €174,914
of which Other amounts receivable: +€31,928
- Tangible fixed assets +€13,179
up €13,179 (+76.8%), from €17,171 to €30,350
of which Other tangible fixed assets: +€14,156
- Tax, wage and social debts -€79,762
down €79,762 (-74.9%), from €106,548 to €26,786
- Reserves +€40,018
up €40,018 (+25.2%), from €158,696 to €198,714
- Provisions -€13,671
down €13,671 (-23.6%), from €57,860 to €44,190
- Trade debts +€4,039
up €4,039 (+70.1%), from €5,765 to €9,804
- Profit (loss) carried forward +€3,312
no longer reported in 2025 (was -€3,312)
- Provisions -€28,717
down €28,717, from €15,047 to -€13,671
- Gross operating margin +€21,106
up €21,106 (+32.8%), from €64,373 to €85,479
- Financial charges +€9,763
up €9,763 (+24.8%), from €39,330 to €49,093
- Financial income +€8,601
up €8,601 (+199.4%), from €4,313 to €12,914
- Taxes +€8,141
up €8,141 (+88.0%), from €9,255 to €17,396
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 | €328,557 | €282,499 | -€46,058 | -14.0% |
| Fixed assets | 21/28 | €20,971 | €34,150 | +€13,179 | +62.8% |
| Tangible fixed assets | 22/27 | €17,171 | €30,350 | +€13,179 | +76.8% |
| Furniture and vehicles | 24 | €2,960 | €1,983 | -€977 | -33.0% |
| Other tangible fixed assets | 26 | €14,211 | €28,367 | +€14,156 | +99.6% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €307,586 | €248,349 | -€59,237 | -19.3% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,707 | €174,914 | +€58,207 | +49.9% |
| Trade receivables | 40 | €26,400 | €52,679 | +€26,279 | +99.5% |
| Other amounts receivable | 41 | €90,307 | €122,235 | +€31,928 | +35.4% |
| Cash at bank and in hand | 54/58 | €118,208 | - | -€118,208 | |
| Deferred charges and accrued income | 490/1 | €2,671 | €3,435 | +€764 | +28.6% |
| Total equity and liabilities | 10/49 | €328,557 | €282,499 | -€46,058 | -14.0% |
| Equity | 10/15 | €158,383 | €201,714 | +€43,330 | +27.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €158,696 | €198,714 | +€40,018 | +25.2% |
| Distributable reserves | 133 | €158,696 | €198,714 | +€40,018 | +25.2% |
| Profit (loss) carried forward | 14 | -€3,312 | - | +€3,312 | |
| Provisions and deferred taxes | 16 | €57,860 | €44,190 | -€13,671 | -23.6% |
| Provisions for liabilities and charges | 160/5 | €57,860 | €44,190 | -€13,671 | -23.6% |
| Other liabilities and charges | 164/5 | €57,860 | €44,190 | -€13,671 | -23.6% |
| Amounts payable | 17/49 | €112,313 | €36,595 | -€75,718 | -67.4% |
| Amounts payable within one year | 42/48 | €112,313 | €36,595 | -€75,718 | -67.4% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €5,765 | €9,804 | +€4,039 | +70.1% |
| Suppliers | 440/4 | €5,765 | €9,804 | +€4,039 | +70.1% |
| Taxes, remuneration and social security | 45 | €106,548 | €26,786 | -€79,762 | -74.9% |
| Taxes | 450/3 | €106,548 | €26,786 | -€79,762 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €587 | €977 | +€390 | +66.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,047 | -€13,671 | -€28,717 | |
| Other operating charges | 640/8 | €1,884 | €1,267 | -€617 | -32.8% |
| Non-recurring operating charges | 66A | €5,895 | - | -€5,895 | |
| Gross operating margin | 9900 | €64,373 | €85,479 | +€21,106 | +32.8% |
| Operating profit (loss) | 9901 | €40,959 | €96,905 | +€55,945 | +136.6% |
| Financial income | 75/76B | €4,313 | €12,914 | +€8,601 | +199.4% |
| Recurring financial income | 75 | €4,313 | €12,914 | +€8,601 | +199.4% |
| Financial charges | 65/66B | €39,330 | €49,093 | +€9,763 | +24.8% |
| Recurring financial charges | 65 | €39,330 | €49,093 | +€9,763 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €5,943 | €60,726 | +€54,784 | +921.9% |
| Income taxes | 67/77 | €9,255 | €17,396 | +€8,141 | +88.0% |
| Profit (loss) for the period | 9904 | -€3,312 | €43,330 | +€46,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,312 | €43,330 | +€46,643 |
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.