NP TOITURE: 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.
NP TOITURE
Largest movements
- Tangible fixed assets +€582,306
up €582,306 (+749%), from €77,733 to €660,039
of which Leasing and similar rights: +€507,223
- Receivables within one year +€25,050
up €25,050 (+269%), from €9,303 to €34,353
of which Other amounts receivable: +€20,392
- Cash -€12,070
down €12,070 (-38.9%), from €31,061 to €18,991
mainly Investment in fixed assets (net) (-€618,000) and Receivables within one year (-€25,050)
- Debts after one year +€465,582
up €465,582 (+2,047%), from €22,744 to €488,327
- Profit (loss) carried forward +€68,284
up €68,284 (+127%), from €53,606 to €121,890
- Other debts +€38,176
up €38,176 (+233%), from €16,393 to €54,569
- Current portion of long-term debt +€24,401
up €24,401 (+362%), from €6,742 to €31,143
- Gross operating margin +€44,960
up €44,960 (+54.6%), from €82,321 to €127,281
- Depreciation +€20,342
up €20,342 (+132%), from €15,352 to €35,694
- Taxes +€6,121
up €6,121 (+54.3%), from €11,268 to €17,390
- Financial charges +€3,782
up €3,782 (+232%), from €1,631 to €5,413
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 | €119,506 | €717,537 | +€598,031 | +500% |
| Fixed assets | 21/28 | €77,733 | €660,039 | +€582,306 | +749% |
| Tangible fixed assets | 22/27 | €77,733 | €660,039 | +€582,306 | +749% |
| Plant, machinery and equipment | 23 | €17,492 | €29,782 | +€12,290 | +70.3% |
| Furniture and vehicles | 24 | €13,086 | €75,879 | +€62,793 | +480% |
| Leasing and similar rights | 25 | €47,156 | €554,379 | +€507,223 | +1,076% |
| Current assets | 29/58 | €41,772 | €57,498 | +€15,725 | +37.6% |
| Amounts receivable within one year | 40/41 | €9,303 | €34,353 | +€25,050 | +269% |
| Trade receivables | 40 | €4,361 | €9,019 | +€4,658 | +107% |
| Other amounts receivable | 41 | €4,942 | €25,334 | +€20,392 | +413% |
| Cash at bank and in hand | 54/58 | €31,061 | €18,991 | -€12,070 | -38.9% |
| Deferred charges and accrued income | 490/1 | €1,408 | €4,153 | +€2,745 | +195% |
| Total equity and liabilities | 10/49 | €119,506 | €717,537 | +€598,031 | +500% |
| Equity | 10/15 | €55,606 | €123,890 | +€68,284 | +123% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,606 | €121,890 | +€68,284 | +127% |
| Amounts payable | 17/49 | €63,899 | €593,647 | +€529,747 | +829% |
| Amounts payable after more than one year | 17 | €22,744 | €488,327 | +€465,582 | +2,047% |
| Financial debts | 170/4 | €22,744 | €488,327 | +€465,582 | +2,047% |
| Amounts payable within one year | 42/48 | €41,155 | €104,071 | +€62,916 | +153% |
| Current portion of amounts payable after more than one year | 42 | €6,742 | €31,143 | +€24,401 | +362% |
| Trade debts | 44 | €3,710 | €7,454 | +€3,744 | +101% |
| Suppliers | 440/4 | €3,710 | €7,454 | +€3,744 | +101% |
| Taxes, remuneration and social security | 45 | €14,309 | €10,904 | -€3,405 | -23.8% |
| Taxes | 450/3 | €12,809 | €9,404 | -€3,405 | -26.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €16,393 | €54,569 | +€38,176 | +233% |
| Accrued charges and deferred income | 492/3 | - | €1,249 | +€1,249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,352 | €35,694 | +€20,342 | +132% |
| Other operating charges | 640/8 | €466 | €504 | +€38 | +8.1% |
| Gross operating margin | 9900 | €82,321 | €127,281 | +€44,960 | +54.6% |
| Operating profit (loss) | 9901 | €66,502 | €91,083 | +€24,580 | +37.0% |
| Financial income | 75/76B | €3 | €4 | +€1 | +27.0% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +27.0% |
| Financial charges | 65/66B | €1,631 | €5,413 | +€3,782 | +232% |
| Recurring financial charges | 65 | €1,631 | €5,413 | +€3,782 | +232% |
| Profit (loss) for the period before taxes | 9903 | €64,874 | €85,674 | +€20,799 | +32.1% |
| Income taxes | 67/77 | €11,268 | €17,390 | +€6,121 | +54.3% |
| Profit (loss) for the period | 9904 | €53,606 | €68,284 | +€14,678 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,606 | €68,284 | +€14,678 | +27.4% |
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 28 October 2026 via checked.be.