NRGeo: 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.
NRGeo
Largest movements
- Tangible fixed assets +€181,453
up €181,453 (+144%), from €125,779 to €307,232
of which Furniture and vehicles: +€138,854
- Receivables within one year +€81,646
up €81,646 (+11.0%), from €743,546 to €825,192
of which Trade receivables: +€46,195
- Cash +€47,950
up €47,950 (+11.1%), from €433,640 to €481,590
mainly Net result for the year (+€665,501) and Other debts (+€189,666)
- Other debts +€189,666
up €189,666 (+51.4%), from €368,993 to €558,659
- Reserves +€106,842
up €106,842 (+14.1%), from €759,747 to €866,588
of which Distributable reserves: +€112,159
- Tax, wage and social debts +€25,168
up €25,168 (+1,210%), from €2,080 to €27,248
of which Taxes: +€22,980
- Accrued charges and deferred income -€17,418
down €17,418 (-100%), from €17,418 to €0
- Gross operating margin +€162,361
up €162,361 (+22.8%), from €712,624 to €874,984
- Staff costs +€40,644
up €40,644 (+1,298%), from €3,130 to €43,774
- Taxes +€14,849
up €14,849 (+14.1%), from €105,608 to €120,457
- Depreciation -€9,073
down €9,073 (-15.5%), from €58,482 to €49,409
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 | €1,312,291 | €1,622,669 | +€310,378 | +23.7% |
| Fixed assets | 21/28 | €131,931 | €312,599 | +€180,668 | +137% |
| Intangible fixed assets | 21 | €1,578 | €792 | -€786 | -49.8% |
| Tangible fixed assets | 22/27 | €125,779 | €307,232 | +€181,453 | +144% |
| Plant, machinery and equipment | 23 | €22,904 | €67,505 | +€44,601 | +195% |
| Furniture and vehicles | 24 | €94,247 | €233,100 | +€138,854 | +147% |
| Other tangible fixed assets | 26 | €8,628 | €6,627 | -€2,001 | -23.2% |
| Financial fixed assets | 28 | €4,575 | €4,575 | = | 0.0% |
| Current assets | 29/58 | €1,180,359 | €1,310,070 | +€129,710 | +11.0% |
| Amounts receivable within one year | 40/41 | €743,546 | €825,192 | +€81,646 | +11.0% |
| Trade receivables | 40 | €330,012 | €376,207 | +€46,195 | +14.0% |
| Other amounts receivable | 41 | €413,534 | €448,985 | +€35,451 | +8.6% |
| Cash at bank and in hand | 54/58 | €433,640 | €481,590 | +€47,950 | +11.1% |
| Deferred charges and accrued income | 490/1 | €3,174 | €3,287 | +€113 | +3.6% |
| Total equity and liabilities | 10/49 | €1,312,291 | €1,622,669 | +€310,378 | +23.7% |
| Equity | 10/15 | €778,347 | €885,188 | +€106,842 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €759,747 | €866,588 | +€106,842 | +14.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,317 | €0 | -€5,317 | -100% |
| Distributable reserves | 133 | €754,430 | €866,588 | +€112,159 | +14.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,772 | €0 | -€1,772 | -100% |
| Deferred taxes | 168 | €1,772 | €0 | -€1,772 | -100% |
| Amounts payable | 17/49 | €532,172 | €737,480 | +€205,308 | +38.6% |
| Amounts payable within one year | 42/48 | €514,754 | €737,480 | +€222,726 | +43.3% |
| Trade debts | 44 | €143,681 | €151,573 | +€7,892 | +5.5% |
| Suppliers | 440/4 | €143,681 | €151,573 | +€7,892 | +5.5% |
| Taxes, remuneration and social security | 45 | €2,080 | €27,248 | +€25,168 | +1,210% |
| Taxes | 450/3 | €0 | €22,980 | +€22,980 | |
| Remuneration and social security | 454/9 | €2,080 | €4,268 | +€2,188 | +105% |
| Other amounts payable | 47/48 | €368,993 | €558,659 | +€189,666 | +51.4% |
| Accrued charges and deferred income | 492/3 | €17,418 | €0 | -€17,418 | -100% |
| Remuneration, social security and pensions | 62 | €3,130 | €43,774 | +€40,644 | +1,298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,482 | €49,409 | -€9,073 | -15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,483 | -€2,800 | +€5,683 | +67.0% |
| Other operating charges | 640/8 | €15,020 | €9,606 | -€5,414 | -36.0% |
| Gross operating margin | 9900 | €712,624 | €874,984 | +€162,361 | +22.8% |
| Operating profit (loss) | 9901 | €644,474 | €774,995 | +€130,521 | +20.3% |
| Financial income | 75/76B | €15,086 | €21,615 | +€6,529 | +43.3% |
| Recurring financial income | 75 | €15,086 | €21,615 | +€6,529 | +43.3% |
| Financial charges | 65/66B | €15,876 | €12,423 | -€3,453 | -21.7% |
| Recurring financial charges | 65 | €15,876 | €12,423 | -€3,453 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €643,684 | €784,186 | +€140,503 | +21.8% |
| Transfer from deferred taxes | 780 | €1,875 | €1,772 | -€103 | -5.5% |
| Income taxes | 67/77 | €105,608 | €120,457 | +€14,849 | +14.1% |
| Profit (loss) for the period | 9904 | €539,950 | €665,501 | +€125,551 | +23.3% |
| Transfer from tax-exempt reserves | 789 | €5,625 | €5,317 | -€308 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €545,575 | €670,818 | +€125,243 | +23.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.