NPE: 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.
NPE
Largest movements
- Receivables within one year -€11,431
down €11,431 (-62.7%), from €18,245 to €6,814
of which Trade receivables: -€12,176
- Tangible fixed assets +€10,329
up €10,329 (+177.6%), from €5,816 to €16,145
of which Furniture and vehicles: +€11,834
- Cash -€5,255
down €5,255 (-77.8%), from €6,758 to €1,503
mainly Net result for the year (-€26,644) and Investment in fixed assets (net) (-€13,546)
- Deferred charges and accrued income +€1,172
new in 2025: €1,172
- Profit (loss) carried forward -€26,644
down €26,644, from €11,744 to -€14,900
- Other debts +€18,500
up €18,500 (+155.9%), from €11,868 to €30,368
- Tax, wage and social debts -€4,905
down €4,905 (-97.2%), from €5,046 to €141
- Debts after one year +€3,982
new in 2025: €3,982
- Current portion of long-term debt +€2,678
new in 2025: €2,678
- Gross operating margin +€18,665
up €18,665 (+43.7%), from -€42,739 to -€24,073
- Taxes -€1,651
down €1,651, from €160 to -€1,491
- Depreciation +€533
up €533 (+19.8%), from €2,684 to €3,216
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 | €30,819 | €25,634 | -€5,184 | -16.8% |
| Fixed assets | 21/28 | €5,816 | €16,145 | +€10,329 | +177.6% |
| Tangible fixed assets | 22/27 | €5,816 | €16,145 | +€10,329 | +177.6% |
| Plant, machinery and equipment | 23 | €4,574 | €3,069 | -€1,505 | -32.9% |
| Furniture and vehicles | 24 | €1,242 | €13,076 | +€11,834 | +952.8% |
| Current assets | 29/58 | €25,003 | €9,489 | -€15,514 | -62.0% |
| Amounts receivable within one year | 40/41 | €18,245 | €6,814 | -€11,431 | -62.7% |
| Trade receivables | 40 | €12,550 | €373 | -€12,176 | -97.0% |
| Other amounts receivable | 41 | €5,695 | €6,441 | +€745 | +13.1% |
| Cash at bank and in hand | 54/58 | €6,758 | €1,503 | -€5,255 | -77.8% |
| Deferred charges and accrued income | 490/1 | - | €1,172 | +€1,172 | |
| Total equity and liabilities | 10/49 | €30,819 | €25,634 | -€5,184 | -16.8% |
| Equity | 10/15 | €13,744 | -€12,900 | -€26,644 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,744 | -€14,900 | -€26,644 | |
| Amounts payable | 17/49 | €17,075 | €38,535 | +€21,460 | +125.7% |
| Amounts payable after more than one year | 17 | - | €3,982 | +€3,982 | |
| Financial debts | 170/4 | - | €3,982 | +€3,982 | |
| Amounts payable within one year | 42/48 | €17,037 | €34,553 | +€17,515 | +102.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,678 | +€2,678 | |
| Trade debts | 44 | €124 | €1,367 | +€1,243 | +1005.9% |
| Suppliers | 440/4 | €124 | €1,367 | +€1,243 | +1005.9% |
| Taxes, remuneration and social security | 45 | €5,046 | €141 | -€4,905 | -97.2% |
| Taxes | 450/3 | €5,046 | €141 | -€4,905 | -97.2% |
| Other amounts payable | 47/48 | €11,868 | €30,368 | +€18,500 | +155.9% |
| Accrued charges and deferred income | 492/3 | €38 | - | -€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,684 | €3,216 | +€533 | +19.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€42,739 | -€24,073 | +€18,665 | +43.7% |
| Operating profit (loss) | 9901 | -€45,810 | -€27,689 | +€18,120 | +39.6% |
| Financial charges | 65/66B | €180 | €446 | +€265 | +147.2% |
| Recurring financial charges | 65 | €180 | €446 | +€265 | +147.2% |
| Profit (loss) for the period before taxes | 9903 | -€45,990 | -€28,135 | +€17,855 | +38.8% |
| Income taxes | 67/77 | €160 | -€1,491 | -€1,651 | |
| Profit (loss) for the period | 9904 | -€46,150 | -€26,644 | +€19,506 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,150 | -€26,644 | +€19,506 | +42.3% |
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 4 October 2026 via checked.be.