NPA: what changed
NPA
Largest movements
- Cash +€33,516
up €33,516 (+28.2%), from €118,903 to €152,419
mainly Net result for the year (+€50,303) and Investment in fixed assets (net) (+€14,522)
- Tangible fixed assets -€15,130
down €15,130 (-83.0%), from €18,238 to €3,108
of which Furniture and vehicles: -€18,033
- Receivables within one year +€5,108
up €5,108 (+31.7%), from €16,130 to €21,237
of which Other amounts receivable: +€4,941
- Deferred charges and accrued income +€2,679
up €2,679 (+163%), from €1,647 to €4,327
- Profit (loss) carried forward +€49,444
up €49,444 (+43.0%), from €115,019 to €164,463
- Tax, wage and social debts -€28,711
down €28,711 (-88.0%), from €32,622 to €3,911
- Trade debts +€2,595
up €2,595 (+88.3%), from €2,939 to €5,534
- Other debts +€1,883
up €1,883 (+2,871%), from €66 to €1,949
- Other operating charges +€13,234
up €13,234 (+11,215%), from €118 to €13,352
- Gross operating margin -€5,229
down €5,229 (-6.0%), from €87,261 to €82,032
- Taxes -€2,775
down €2,775 (-15.0%), from €18,513 to €15,737
- Depreciation -€1,593
down €1,593 (-72.4%), from €2,201 to €608
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,919 | €181,091 | +€26,173 | +16.9% |
| Fixed assets | 21/28 | €18,238 | €3,108 | -€15,130 | -83.0% |
| Tangible fixed assets | 22/27 | €18,238 | €3,108 | -€15,130 | -83.0% |
| Plant, machinery and equipment | 23 | €206 | €3,108 | +€2,903 | +1,411% |
| Furniture and vehicles | 24 | €18,033 | - | -€18,033 | |
| Current assets | 29/58 | €136,680 | €177,983 | +€41,303 | +30.2% |
| Amounts receivable within one year | 40/41 | €16,130 | €21,237 | +€5,108 | +31.7% |
| Trade receivables | 40 | €15,680 | €15,847 | +€167 | +1.1% |
| Other amounts receivable | 41 | €449 | €5,390 | +€4,941 | +1,099% |
| Cash at bank and in hand | 54/58 | €118,903 | €152,419 | +€33,516 | +28.2% |
| Deferred charges and accrued income | 490/1 | €1,647 | €4,327 | +€2,679 | +163% |
| Total equity and liabilities | 10/49 | €154,919 | €181,091 | +€26,173 | +16.9% |
| Equity | 10/15 | €118,019 | €167,463 | +€49,444 | +41.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,019 | €164,463 | +€49,444 | +43.0% |
| Amounts payable | 17/49 | €36,899 | €13,628 | -€23,271 | -63.1% |
| Amounts payable within one year | 42/48 | €35,627 | €12,358 | -€23,269 | -65.3% |
| Trade debts | 44 | €2,939 | €5,534 | +€2,595 | +88.3% |
| Suppliers | 440/4 | €2,939 | €5,534 | +€2,595 | +88.3% |
| Advances received on contracts in progress | 46 | - | €964 | +€964 | |
| Taxes, remuneration and social security | 45 | €32,622 | €3,911 | -€28,711 | -88.0% |
| Taxes | 450/3 | €32,622 | €3,911 | -€28,711 | -88.0% |
| Other amounts payable | 47/48 | €66 | €1,949 | +€1,883 | +2,871% |
| Accrued charges and deferred income | 492/3 | €1,273 | €1,271 | -€2 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,201 | €608 | -€1,593 | -72.4% |
| Other operating charges | 640/8 | €118 | €13,352 | +€13,234 | +11,215% |
| Gross operating margin | 9900 | €87,261 | €82,032 | -€5,229 | -6.0% |
| Operating profit (loss) | 9901 | €84,942 | €68,072 | -€16,870 | -19.9% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.2% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.2% |
| Financial charges | 65/66B | €2,058 | €2,032 | -€26 | -1.3% |
| Recurring financial charges | 65 | €2,058 | €2,032 | -€26 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €82,886 | €66,040 | -€16,846 | -20.3% |
| Income taxes | 67/77 | €18,513 | €15,737 | -€2,775 | -15.0% |
| Profit (loss) for the period | 9904 | €64,373 | €50,303 | -€14,071 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,373 | €50,303 | -€14,071 | -21.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.