NRN: 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.
NRN
Largest movements
- Cash +€663,334
up €663,334 (+39004.5%), from €1,701 to €665,035
mainly Receivables within one year (+€401,750) and Net result for the year (+€136,557)
- Receivables within one year -€401,750
down €401,750 (-96.4%), from €416,750 to €15,000
- Profit (loss) carried forward +€135,724
up €135,724 (+42.9%), from €316,072 to €451,797
- Tax, wage and social debts +€123,204
up €123,204 (+124.8%), from €98,691 to €221,895
- Gross operating margin -€239,657
down €239,657 (-57.7%), from €415,154 to €175,498
- Taxes -€59,290
down €59,290 (-60.1%), from €98,691 to €39,401
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 | €418,450 | €680,035 | +€261,584 | +62.5% |
| Current assets | 29/58 | €418,450 | €680,035 | +€261,584 | +62.5% |
| Amounts receivable within one year | 40/41 | €416,750 | €15,000 | -€401,750 | -96.4% |
| Trade receivables | 40 | €416,750 | €15,000 | -€401,750 | -96.4% |
| Cash at bank and in hand | 54/58 | €1,701 | €665,035 | +€663,334 | +39004.5% |
| Total equity and liabilities | 10/49 | €418,450 | €680,035 | +€261,584 | +62.5% |
| Equity | 10/15 | €318,572 | €454,297 | +€135,724 | +42.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,072 | €451,797 | +€135,724 | +42.9% |
| Amounts payable | 17/49 | €99,878 | €225,738 | +€125,860 | +126.0% |
| Amounts payable within one year | 42/48 | €99,878 | €225,738 | +€125,860 | +126.0% |
| Trade debts | 44 | - | €1,823 | +€1,823 | |
| Suppliers | 440/4 | - | €1,823 | +€1,823 | |
| Taxes, remuneration and social security | 45 | €98,691 | €221,895 | +€123,204 | +124.8% |
| Taxes | 450/3 | €98,691 | €221,895 | +€123,204 | +124.8% |
| Other amounts payable | 47/48 | €1,187 | €2,020 | +€833 | +70.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €415,154 | €175,498 | -€239,657 | -57.7% |
| Operating profit (loss) | 9901 | €414,767 | €175,098 | -€239,669 | -57.8% |
| Financial income | 75/76B | - | €861 | +€861 | |
| Recurring financial income | 75 | - | €861 | +€861 | |
| Financial charges | 65/66B | €4 | €0 | -€4 | -88.8% |
| Recurring financial charges | 65 | €4 | €0 | -€4 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €414,763 | €175,958 | -€238,805 | -57.6% |
| Income taxes | 67/77 | €98,691 | €39,401 | -€59,290 | -60.1% |
| Profit (loss) for the period | 9904 | €316,072 | €136,557 | -€179,515 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €316,072 | €136,557 | -€179,515 | -56.8% |
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 1 October 2026 via checked.be.