NR GROUP: 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 GROUP
Largest movements
- Receivables within one year +€3,219
up €3,219 (+3546.6%), from €91 to €3,310
- Cash +€1,957
up €1,957 (+506.4%), from €386 to €2,343
mainly Trade debts (+€1,950) and Other debts (+€1,861)
- Trade debts +€1,950
new in 2025: €1,950
- Other debts +€1,861
up €1,861 (+45.8%), from €4,061 to €5,922
- Advances received +€1,500
new in 2025: €1,500
- Tax, wage and social debts -€295
down €295 (-25.3%), from €1,167 to €872
- Profit (loss) carried forward +€160
up €160 (+2.4%), from -€6,751 to -€6,591
- Gross operating margin +€5,622
up €5,622, from -€5,018 to €605
- Depreciation -€1,251
no longer reported in 2025 (was €1,251)
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 | €477 | €5,653 | +€5,176 | +1084.8% |
| Current assets | 29/58 | €477 | €5,653 | +€5,176 | +1084.8% |
| Amounts receivable within one year | 40/41 | €91 | €3,310 | +€3,219 | +3546.6% |
| Trade receivables | 40 | €91 | €3,310 | +€3,219 | +3546.6% |
| Cash at bank and in hand | 54/58 | €386 | €2,343 | +€1,957 | +506.4% |
| Total equity and liabilities | 10/49 | €477 | €5,653 | +€5,176 | +1084.8% |
| Equity | 10/15 | -€4,751 | -€4,591 | +€160 | +3.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,751 | -€6,591 | +€160 | +2.4% |
| Amounts payable | 17/49 | €5,228 | €10,244 | +€5,016 | +95.9% |
| Amounts payable within one year | 42/48 | €5,228 | €10,244 | +€5,016 | +95.9% |
| Trade debts | 44 | - | €1,950 | +€1,950 | |
| Suppliers | 440/4 | - | €1,950 | +€1,950 | |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €1,167 | €872 | -€295 | -25.3% |
| Taxes | 450/3 | €1,167 | €872 | -€295 | -25.3% |
| Other amounts payable | 47/48 | €4,061 | €5,922 | +€1,861 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,251 | - | -€1,251 | |
| Other operating charges | 640/8 | €445 | €400 | -€45 | -10.1% |
| Gross operating margin | 9900 | -€5,018 | €605 | +€5,622 | |
| Operating profit (loss) | 9901 | -€6,714 | €205 | +€6,918 | |
| Financial charges | 65/66B | €38 | €45 | +€8 | +20.0% |
| Recurring financial charges | 65 | €38 | €45 | +€8 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,751 | €160 | +€6,911 | |
| Profit (loss) for the period | 9904 | -€6,751 | €160 | +€6,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,751 | €160 | +€6,911 |
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 6 October 2026 via checked.be.