NR: what changed
NR
Largest movements
- Tangible fixed assets +€31,083
new in 2025: €31,083
of which Furniture and vehicles: +€30,068
- Cash +€30,103
up €30,103 (+163%), from €18,430 to €48,532
mainly Net result for the year (+€27,467) and Debts after one year (+€23,903)
- Profit (loss) carried forward +€26,634
up €26,634 (+353%), from €7,537 to €34,171
- Debts after one year +€23,903
new in 2025: €23,903
- Tax, wage and social debts +€7,002
up €7,002 (+69.6%), from €10,062 to €17,064
- Current portion of long-term debt +€6,976
new in 2025: €6,976
- Other debts -€3,419
down €3,419 (-67.3%), from €5,084 to €1,665
- Gross operating margin +€28,806
up €28,806 (+215%), from €13,423 to €42,229
- Depreciation +€4,284
up €4,284 (+182%), from €2,356 to €6,641
- Taxes +€4,071
up €4,071 (+178%), from €2,289 to €6,360
- Financial charges +€1,244
up €1,244 (+4,147%), from €30 to €1,274
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 | €29,196 | €90,254 | +€61,058 | +209% |
| Fixed assets | 21/28 | - | €31,083 | +€31,083 | |
| Tangible fixed assets | 22/27 | - | €31,083 | +€31,083 | |
| Plant, machinery and equipment | 23 | - | €1,015 | +€1,015 | |
| Furniture and vehicles | 24 | - | €30,068 | +€30,068 | |
| Current assets | 29/58 | €29,196 | €59,171 | +€29,975 | +103% |
| Amounts receivable within one year | 40/41 | €10,101 | €10,638 | +€538 | +5.3% |
| Trade receivables | 40 | €10,101 | €10,556 | +€455 | +4.5% |
| Other amounts receivable | 41 | - | €83 | +€83 | |
| Cash at bank and in hand | 54/58 | €18,430 | €48,532 | +€30,103 | +163% |
| Deferred charges and accrued income | 490/1 | €665 | €0 | -€665 | -100% |
| Total equity and liabilities | 10/49 | €29,196 | €90,254 | +€61,058 | +209% |
| Equity | 10/15 | €12,537 | €39,171 | +€26,634 | +212% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,537 | €34,171 | +€26,634 | +353% |
| Amounts payable | 17/49 | €16,659 | €51,083 | +€34,424 | +207% |
| Amounts payable after more than one year | 17 | - | €23,903 | +€23,903 | |
| Financial debts | 170/4 | - | €23,903 | +€23,903 | |
| Amounts payable within one year | 42/48 | €16,155 | €27,181 | +€11,025 | +68.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,976 | +€6,976 | |
| Trade debts | 44 | €1,009 | €1,475 | +€466 | +46.2% |
| Suppliers | 440/4 | €1,009 | €1,475 | +€466 | +46.2% |
| Taxes, remuneration and social security | 45 | €10,062 | €17,064 | +€7,002 | +69.6% |
| Taxes | 450/3 | €10,062 | €17,064 | +€7,002 | +69.6% |
| Other amounts payable | 47/48 | €5,084 | €1,665 | -€3,419 | -67.3% |
| Accrued charges and deferred income | 492/3 | €504 | €0 | -€504 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,356 | €6,641 | +€4,284 | +182% |
| Other operating charges | 640/8 | €387 | €528 | +€140 | +36.2% |
| Gross operating margin | 9900 | €13,423 | €42,229 | +€28,806 | +215% |
| Operating profit (loss) | 9901 | €10,680 | €35,060 | +€24,381 | +228% |
| Financial income | 75/76B | €9 | €41 | +€32 | +370% |
| Recurring financial income | 75 | €9 | €41 | +€32 | +370% |
| Financial charges | 65/66B | €30 | €1,274 | +€1,244 | +4,147% |
| Recurring financial charges | 65 | €30 | €1,274 | +€1,244 | +4,147% |
| Profit (loss) for the period before taxes | 9903 | €10,658 | €33,828 | +€23,169 | +217% |
| Income taxes | 67/77 | €2,289 | €6,360 | +€4,071 | +178% |
| Profit (loss) for the period | 9904 | €8,370 | €27,467 | +€19,098 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €8,370 | €27,467 | +€19,098 | +228% |
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 1 November 2026 via checked.be.