NR CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Tangible fixed assets -€53,402
down €53,402 (-25.3%), from €210,953 to €157,551
of which Furniture and vehicles: -€52,486
- Stocks and contracts +€32,224
up €32,224 (+169.6%), from €19,000 to €51,224
of which Contracts in progress: +€24,883
- Cash +€11,767
up €11,767 (+30.1%), from €39,033 to €50,800
mainly Depreciation (+€53,219) and Trade debts (+€17,978)
- Deferred charges and accrued income +€3,492
up €3,492, from €0 to €3,492
- Trade debts +€17,978
up €17,978 (+23.7%), from €75,848 to €93,826
- Debts after one year -€17,777
down €17,777 (-33.1%), from €53,720 to €35,943
- Profit (loss) carried forward +€8,768
up €8,768 (+94.5%), from €9,276 to €18,044
- Other debts -€7,886
down €7,886 (-15.1%), from €52,093 to €44,207
- Current portion of long-term debt -€7,199
down €7,199 (-29.4%), from €24,473 to €17,274
- Gross operating margin -€13,828
down €13,828 (-16.9%), from €81,824 to €67,995
- Taxes -€3,760
down €3,760 (-62.4%), from €6,023 to €2,262
- Staff costs -€2,399
down €2,399 (-100.0%), from €2,399 to €0
- Depreciation +€1,290
up €1,290 (+2.5%), from €51,928 to €53,219
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 | €297,416 | €292,041 | -€5,375 | -1.8% |
| Fixed assets | 21/28 | €211,213 | €157,551 | -€53,662 | -25.4% |
| Tangible fixed assets | 22/27 | €210,953 | €157,551 | -€53,402 | -25.3% |
| Plant, machinery and equipment | 23 | €1,916 | €1,000 | -€916 | -47.8% |
| Furniture and vehicles | 24 | €209,037 | €156,551 | -€52,486 | -25.1% |
| Financial fixed assets | 28 | €260 | €0 | -€260 | -100.0% |
| Current assets | 29/58 | €86,203 | €134,490 | +€48,287 | +56.0% |
| Stocks and contracts in progress | 3 | €19,000 | €51,224 | +€32,224 | +169.6% |
| Stocks | 30/36 | €2,000 | €9,341 | +€7,341 | +367.1% |
| Contracts in progress | 37 | €17,000 | €41,883 | +€24,883 | +146.4% |
| Amounts receivable within one year | 40/41 | €28,170 | €28,973 | +€803 | +2.9% |
| Trade receivables | 40 | €18,467 | €28,688 | +€10,221 | +55.3% |
| Other amounts receivable | 41 | €9,702 | €285 | -€9,417 | -97.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €39,033 | €50,800 | +€11,767 | +30.1% |
| Deferred charges and accrued income | 490/1 | €0 | €3,492 | +€3,492 | |
| Total equity and liabilities | 10/49 | €297,416 | €292,041 | -€5,375 | -1.8% |
| Equity | 10/15 | €90,427 | €99,194 | +€8,768 | +9.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €61,150 | €61,150 | = | 0.0% |
| Distributable reserves | 133 | €61,150 | €61,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,276 | €18,044 | +€8,768 | +94.5% |
| Amounts payable | 17/49 | €206,989 | €192,846 | -€14,143 | -6.8% |
| Amounts payable after more than one year | 17 | €53,720 | €35,943 | -€17,777 | -33.1% |
| Financial debts | 170/4 | €53,720 | €35,943 | -€17,777 | -33.1% |
| Amounts payable within one year | 42/48 | €153,269 | €156,903 | +€3,634 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €24,473 | €17,274 | -€7,199 | -29.4% |
| Trade debts | 44 | €75,848 | €93,826 | +€17,978 | +23.7% |
| Suppliers | 440/4 | €75,848 | €93,826 | +€17,978 | +23.7% |
| Taxes, remuneration and social security | 45 | €855 | €1,596 | +€741 | +86.6% |
| Taxes | 450/3 | - | €1,440 | +€1,440 | |
| Remuneration and social security | 454/9 | €855 | €156 | -€699 | -81.8% |
| Other amounts payable | 47/48 | €52,093 | €44,207 | -€7,886 | -15.1% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €2,399 | €0 | -€2,399 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,928 | €53,219 | +€1,290 | +2.5% |
| Other operating charges | 640/8 | €1,402 | €955 | -€447 | -31.9% |
| Gross operating margin | 9900 | €81,824 | €67,995 | -€13,828 | -16.9% |
| Operating profit (loss) | 9901 | €26,095 | €13,822 | -€12,273 | -47.0% |
| Financial income | 75/76B | €504 | €128 | -€376 | -74.6% |
| Recurring financial income | 75 | €504 | €128 | -€376 | -74.6% |
| Financial charges | 65/66B | €2,767 | €2,920 | +€153 | +5.5% |
| Recurring financial charges | 65 | €2,767 | €2,920 | +€153 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €23,832 | €11,030 | -€12,802 | -53.7% |
| Income taxes | 67/77 | €6,023 | €2,262 | -€3,760 | -62.4% |
| Profit (loss) for the period | 9904 | €17,809 | €8,768 | -€9,041 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,809 | €8,768 | -€9,041 | -50.8% |
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 2 October 2026 via checked.be.