NPenne: 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.
NPenne
Largest movements
- Receivables within one year +€48,520
up €48,520 (+149%), from €32,555 to €81,075
of which Trade receivables: +€43,787
- Cash -€20,960
down €20,960 (-40.7%), from €51,504 to €30,545
mainly Contributions, distributions and other (-€84,304) and Receivables within one year (-€48,520)
- Tangible fixed assets -€14,415
down €14,415 (-64.0%), from €22,540 to €8,125
of which Furniture and vehicles: -€12,811
- Other debts +€43,035
up €43,035 (+908%), from €4,737 to €47,772
- Reserves -€28,387
down €28,387 (-33.7%), from €84,304 to €55,917
- Tax, wage and social debts -€2,510
down €2,510 (-22.3%), from €11,244 to €8,734
- Gross operating margin +€34,017
up €34,017 (+83.0%), from €40,966 to €74,983
- Taxes +€6,956
up €6,956 (+83.9%), from €8,290 to €15,247
- Depreciation -€3,374
down €3,374 (-52.2%), from €6,457 to €3,083
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 | €106,749 | €119,895 | +€13,146 | +12.3% |
| Fixed assets | 21/28 | €22,690 | €8,275 | -€14,415 | -63.5% |
| Tangible fixed assets | 22/27 | €22,540 | €8,125 | -€14,415 | -64.0% |
| Land and buildings | 22 | €4,277 | €3,199 | -€1,078 | -25.2% |
| Plant, machinery and equipment | 23 | €4,227 | €3,702 | -€526 | -12.4% |
| Furniture and vehicles | 24 | €14,036 | €1,225 | -€12,811 | -91.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €84,059 | €111,620 | +€27,561 | +32.8% |
| Amounts receivable within one year | 40/41 | €32,555 | €81,075 | +€48,520 | +149% |
| Trade receivables | 40 | €29,972 | €73,758 | +€43,787 | +146% |
| Other amounts receivable | 41 | €2,584 | €7,317 | +€4,734 | +183% |
| Cash at bank and in hand | 54/58 | €51,504 | €30,545 | -€20,960 | -40.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €106,749 | €119,895 | +€13,146 | +12.3% |
| Equity | 10/15 | €90,304 | €61,917 | -€28,387 | -31.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €84,304 | €55,917 | -€28,387 | -33.7% |
| Distributable reserves | 133 | €84,304 | €55,917 | -€28,387 | -33.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,446 | €57,978 | +€41,533 | +253% |
| Amounts payable within one year | 42/48 | €16,446 | €57,978 | +€41,533 | +253% |
| Financial debts | 43 | €288 | €99 | -€188 | -65.5% |
| Credit institutions | 430/8 | €288 | €99 | -€188 | -65.5% |
| Trade debts | 44 | €176 | €1,373 | +€1,197 | +681% |
| Suppliers | 440/4 | €176 | €1,373 | +€1,197 | +681% |
| Taxes, remuneration and social security | 45 | €11,244 | €8,734 | -€2,510 | -22.3% |
| Taxes | 450/3 | €11,244 | €8,734 | -€2,510 | -22.3% |
| Other amounts payable | 47/48 | €4,737 | €47,772 | +€43,035 | +908% |
| Non-recurring operating income | 76A | - | €5,961 | +€5,961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,457 | €3,083 | -€3,374 | -52.2% |
| Other operating charges | 640/8 | €69 | €382 | +€313 | +453% |
| Gross operating margin | 9900 | €40,966 | €74,983 | +€34,017 | +83.0% |
| Operating profit (loss) | 9901 | €34,440 | €71,518 | +€37,078 | +108% |
| Financial income | 75/76B | €3 | €3 | -€0 | -14.7% |
| Recurring financial income | 75 | €3 | €3 | -€0 | -14.7% |
| Financial charges | 65/66B | €770 | €357 | -€413 | -53.6% |
| Recurring financial charges | 65 | €770 | €357 | -€413 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €33,673 | €71,163 | +€37,490 | +111% |
| Income taxes | 67/77 | €8,290 | €15,247 | +€6,956 | +83.9% |
| Profit (loss) for the period | 9904 | €25,383 | €55,917 | +€30,534 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €25,383 | €55,917 | +€30,534 | +120% |
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 14 October 2026 via checked.be.