NPSH Management: 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.
NPSH Management
Largest movements
- Cash -€58,948
down €58,948 (-30.8%), from €191,496 to €132,548
mainly Contributions, distributions and other (-€259,485) and Receivables after one year (-€49,834)
- Receivables after one year +€49,834
new in 2025: €49,834
- Receivables within one year -€3,374
down €3,374 (-10.0%), from €33,624 to €30,250
of which Other amounts receivable: -€3,374
- Profit (loss) carried forward -€158,945
down €158,945 (-99.7%), from €159,485 to €540
- Other debts +€135,936
up €135,936 (+205,155%), from €66 to €136,002
- Tax, wage and social debts +€10,686
up €10,686 (+72.4%), from €14,761 to €25,446
of which Taxes: +€10,686
- Gross operating margin -€1,923
down €1,923 (-1.4%), from €138,162 to €136,239
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 | €252,665 | €239,626 | -€13,039 | -5.2% |
| Fixed assets | 21/28 | €23,917 | €22,031 | -€1,886 | -7.9% |
| Tangible fixed assets | 22/27 | €23,217 | €21,331 | -€1,886 | -8.1% |
| Furniture and vehicles | 24 | €4,142 | €5,072 | +€930 | +22.5% |
| Other tangible fixed assets | 26 | €19,075 | €16,259 | -€2,816 | -14.8% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €228,748 | €217,595 | -€11,153 | -4.9% |
| Amounts receivable after more than one year | 29 | - | €49,834 | +€49,834 | |
| Other amounts receivable | 291 | - | €49,834 | +€49,834 | |
| Amounts receivable within one year | 40/41 | €33,624 | €30,250 | -€3,374 | -10.0% |
| Trade receivables | 40 | €30,250 | €30,250 | = | 0.0% |
| Other amounts receivable | 41 | €3,374 | - | -€3,374 | |
| Cash at bank and in hand | 54/58 | €191,496 | €132,548 | -€58,948 | -30.8% |
| Deferred charges and accrued income | 490/1 | €3,629 | €4,963 | +€1,335 | +36.8% |
| Total equity and liabilities | 10/49 | €252,665 | €239,626 | -€13,039 | -5.2% |
| Equity | 10/15 | €234,686 | €75,740 | -€158,945 | -67.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €71,701 | €71,701 | = | 0.0% |
| Distributable reserves | 133 | €71,701 | €71,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,485 | €540 | -€158,945 | -99.7% |
| Amounts payable | 17/49 | €17,979 | €163,885 | +€145,906 | +812% |
| Amounts payable within one year | 42/48 | €17,979 | €163,713 | +€145,733 | +811% |
| Trade debts | 44 | €3,153 | €2,264 | -€888 | -28.2% |
| Suppliers | 440/4 | €3,153 | €2,264 | -€888 | -28.2% |
| Taxes, remuneration and social security | 45 | €14,761 | €25,446 | +€10,686 | +72.4% |
| Taxes | 450/3 | €11,931 | €22,617 | +€10,686 | +89.6% |
| Remuneration and social security | 454/9 | €2,829 | €2,829 | = | 0.0% |
| Other amounts payable | 47/48 | €66 | €136,002 | +€135,936 | +205,155% |
| Accrued charges and deferred income | 492/3 | €0 | €173 | +€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,241 | €5,804 | +€563 | +10.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €138,162 | €136,239 | -€1,923 | -1.4% |
| Operating profit (loss) | 9901 | €132,921 | €130,435 | -€2,486 | -1.9% |
| Financial income | 75/76B | €5 | €845 | +€840 | +16,659% |
| Recurring financial income | 75 | €5 | €845 | +€840 | +16,659% |
| Financial charges | 65/66B | €139 | €72 | -€67 | -48.2% |
| Recurring financial charges | 65 | €139 | €72 | -€67 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €132,787 | €131,208 | -€1,579 | -1.2% |
| Income taxes | 67/77 | €31,626 | €30,668 | -€958 | -3.0% |
| Profit (loss) for the period | 9904 | €101,161 | €100,540 | -€621 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €101,161 | €100,540 | -€621 | -0.6% |
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 17 October 2026 via checked.be.