NPL CONSULT: 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.
NPL CONSULT
Largest movements
- Receivables within one year +€488,373
up €488,373 (+1,709%), from €28,577 to €516,949
of which Trade receivables: +€491,432
- Tangible fixed assets -€246,010
down €246,010 (-94.0%), from €261,706 to €15,696
of which Land and buildings: -€248,081
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash -€17,606
down €17,606 (-27.8%), from €63,284 to €45,678
mainly Receivables within one year (-€488,373) and Contributions, distributions and other (-€65,604)
- Deferred charges and accrued income +€13,495
up €13,495 (+227%), from €5,939 to €19,433
- Debts after one year +€128,791
up €128,791 (+72.4%), from €177,769 to €306,561
of which Other amounts payable: +€150,000
- Provisions +€13,378
new in 2025: €13,378
- Tax, wage and social debts -€10,438
down €10,438 (-31.1%), from €33,535 to €23,097
of which Taxes: -€17,278
- Reserves +€6,224
up €6,224 (+2.8%), from €223,877 to €230,101
of which Tax-exempt reserves: +€53,511
- Staff costs -€27,666
down €27,666 (-30.6%), from €90,475 to €62,809
- Gross operating margin +€21,725
up €21,725 (+14.3%), from €151,616 to €173,341
- Depreciation -€8,686
down €8,686 (-75.6%), from €11,496 to €2,810
- Taxes +€2,639
up €2,639 (+17.6%), from €14,978 to €17,617
- Other operating charges -€2,606
down €2,606 (-60.6%), from €4,300 to €1,694
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 | €459,505 | €597,757 | +€138,251 | +30.1% |
| Fixed assets | 21/28 | €261,706 | €15,696 | -€246,010 | -94.0% |
| Tangible fixed assets | 22/27 | €261,706 | €15,696 | -€246,010 | -94.0% |
| Land and buildings | 22 | €248,081 | - | -€248,081 | |
| Plant, machinery and equipment | 23 | €2,434 | €1,914 | -€520 | -21.4% |
| Furniture and vehicles | 24 | €11,190 | €13,782 | +€2,592 | +23.2% |
| Current assets | 29/58 | €197,799 | €582,060 | +€384,261 | +194% |
| Amounts receivable within one year | 40/41 | €28,577 | €516,949 | +€488,373 | +1,709% |
| Trade receivables | 40 | €25,410 | €516,842 | +€491,432 | +1,934% |
| Other amounts receivable | 41 | €3,167 | €107 | -€3,059 | -96.6% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €63,284 | €45,678 | -€17,606 | -27.8% |
| Deferred charges and accrued income | 490/1 | €5,939 | €19,433 | +€13,495 | +227% |
| Total equity and liabilities | 10/49 | €459,505 | €597,757 | +€138,251 | +30.1% |
| Equity | 10/15 | €223,877 | €230,101 | +€6,224 | +2.8% |
| Reserves | 13 | €223,877 | €230,101 | +€6,224 | +2.8% |
| Tax-exempt reserves | 132 | - | €53,511 | +€53,511 | |
| Distributable reserves | 133 | €223,877 | €176,590 | -€47,287 | -21.1% |
| Provisions and deferred taxes | 16 | - | €13,378 | +€13,378 | |
| Deferred taxes | 168 | - | €13,378 | +€13,378 | |
| Amounts payable | 17/49 | €235,628 | €354,278 | +€118,650 | +50.4% |
| Amounts payable after more than one year | 17 | €177,769 | €306,561 | +€128,791 | +72.4% |
| Financial debts | 170/4 | €177,769 | €156,561 | -€21,209 | -11.9% |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €57,859 | €47,717 | -€10,141 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €22,663 | €22,964 | +€301 | +1.3% |
| Trade debts | 44 | €433 | €169 | -€264 | -60.9% |
| Suppliers | 440/4 | €433 | €169 | -€264 | -60.9% |
| Taxes, remuneration and social security | 45 | €33,535 | €23,097 | -€10,438 | -31.1% |
| Taxes | 450/3 | €26,570 | €9,292 | -€17,278 | -65.0% |
| Remuneration and social security | 454/9 | €6,965 | €13,805 | +€6,840 | +98.2% |
| Other amounts payable | 47/48 | €1,228 | €1,488 | +€260 | +21.1% |
| Remuneration, social security and pensions | 62 | €90,475 | €62,809 | -€27,666 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,496 | €2,810 | -€8,686 | -75.6% |
| Other operating charges | 640/8 | €4,300 | €1,694 | -€2,606 | -60.6% |
| Gross operating margin | 9900 | €151,616 | €173,341 | +€21,725 | +14.3% |
| Operating profit (loss) | 9901 | €45,344 | €106,028 | +€60,684 | +134% |
| Financial income | 75/76B | €1,522 | €1,367 | -€155 | -10.2% |
| Recurring financial income | 75 | €1,522 | €1,367 | -€155 | -10.2% |
| Financial charges | 65/66B | €3,487 | €4,572 | +€1,086 | +31.1% |
| Recurring financial charges | 65 | €3,487 | €4,572 | +€1,086 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €43,379 | €102,823 | +€59,444 | +137% |
| Transfer to deferred taxes | 680 | - | €13,378 | +€13,378 | |
| Income taxes | 67/77 | €14,978 | €17,617 | +€2,639 | +17.6% |
| Profit (loss) for the period | 9904 | €28,401 | €71,828 | +€43,427 | +153% |
| Transfer to tax-exempt reserves | 689 | - | €53,511 | +€53,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,401 | €18,317 | -€10,084 | -35.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.