NR ACT: 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.
NR ACT
Largest movements
- Receivables within one year +€17,940
up €17,940 (+2.4%), from €760,996 to €778,936
of which Other amounts receivable: +€77,121
- Trade debts -€123,584
down €123,584 (-38.5%), from €321,181 to €197,597
- Profit (loss) carried forward +€117,700
up €117,700 (+33.5%), from €351,484 to €469,184
- Tax, wage and social debts +€21,843
up €21,843 (+23.1%), from €94,631 to €116,474
of which Taxes: +€21,943
- Gross operating margin +€79,757
up €79,757 (+114.3%), from €69,806 to €149,563
- Taxes +€17,994
up €17,994 (+55.7%), from €32,300 to €50,294
- Other operating charges +€1,769
up €1,769 (+94.5%), from €1,871 to €3,640
- Financial income +€1,622
up €1,622 (+5.1%), from €31,907 to €33,529
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 | €778,156 | €794,070 | +€15,915 | +2.0% |
| Fixed assets | 21/28 | €8,997 | €7,661 | -€1,336 | -14.9% |
| Tangible fixed assets | 22/27 | €8,997 | €7,661 | -€1,336 | -14.9% |
| Plant, machinery and equipment | 23 | €3,437 | €1,718 | -€1,718 | -50.0% |
| Furniture and vehicles | 24 | €2,575 | €4,167 | +€1,592 | +61.8% |
| Other tangible fixed assets | 26 | €2,986 | €1,776 | -€1,210 | -40.5% |
| Current assets | 29/58 | €769,159 | €786,410 | +€17,251 | +2.2% |
| Amounts receivable within one year | 40/41 | €760,996 | €778,936 | +€17,940 | +2.4% |
| Trade receivables | 40 | €194,229 | €135,048 | -€59,181 | -30.5% |
| Other amounts receivable | 41 | €566,767 | €643,888 | +€77,121 | +13.6% |
| Cash at bank and in hand | 54/58 | €5,123 | €4,596 | -€527 | -10.3% |
| Deferred charges and accrued income | 490/1 | €3,040 | €2,878 | -€162 | -5.3% |
| Total equity and liabilities | 10/49 | €778,156 | €794,070 | +€15,915 | +2.0% |
| Equity | 10/15 | €359,544 | €477,244 | +€117,700 | +32.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,484 | €469,184 | +€117,700 | +33.5% |
| Amounts payable | 17/49 | €418,612 | €316,826 | -€101,786 | -24.3% |
| Amounts payable within one year | 42/48 | €416,770 | €316,826 | -€99,944 | -24.0% |
| Trade debts | 44 | €321,181 | €197,597 | -€123,584 | -38.5% |
| Suppliers | 440/4 | €321,181 | €197,597 | -€123,584 | -38.5% |
| Taxes, remuneration and social security | 45 | €94,631 | €116,474 | +€21,843 | +23.1% |
| Taxes | 450/3 | €85,531 | €107,474 | +€21,943 | +25.7% |
| Remuneration and social security | 454/9 | €9,100 | €9,000 | -€100 | -1.1% |
| Other amounts payable | 47/48 | €958 | €2,755 | +€1,797 | +187.7% |
| Accrued charges and deferred income | 492/3 | €1,842 | - | -€1,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,444 | €6,273 | +€829 | +15.2% |
| Other operating charges | 640/8 | €1,871 | €3,640 | +€1,769 | +94.5% |
| Gross operating margin | 9900 | €69,806 | €149,563 | +€79,757 | +114.3% |
| Operating profit (loss) | 9901 | €62,491 | €139,650 | +€77,159 | +123.5% |
| Financial income | 75/76B | €31,907 | €33,529 | +€1,622 | +5.1% |
| Recurring financial income | 75 | €31,907 | €33,529 | +€1,622 | +5.1% |
| Financial charges | 65/66B | €4,818 | €5,186 | +€367 | +7.6% |
| Recurring financial charges | 65 | €4,818 | €5,186 | +€367 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €89,579 | €167,994 | +€78,414 | +87.5% |
| Income taxes | 67/77 | €32,300 | €50,294 | +€17,994 | +55.7% |
| Profit (loss) for the period | 9904 | €57,279 | €117,700 | +€60,421 | +105.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,279 | €117,700 | +€60,421 | +105.5% |
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 7 October 2026 via checked.be.