NRS21: what changed
NRS21
Largest movements
- Cash +€14,518
up €14,518 (+10.2%), from €142,416 to €156,934
mainly Other debts (+€156,076) and Net result for the year (+€43,385)
- Deferred charges and accrued income +€2,678
up €2,678 (+309%), from €867 to €3,546
- Other debts +€156,076
new in 2025: €156,076
- Profit (loss) carried forward -€144,017
no longer reported in 2025 (was €144,017)
- Trade debts +€5,613
up €5,613 (+503%), from €1,115 to €6,729
- Tax, wage and social debts -€1,936
down €1,936 (-19.5%), from €9,918 to €7,981
- Gross operating margin -€7,744
down €7,744 (-11.8%), from €65,518 to €57,774
- Taxes -€1,865
down €1,865 (-13.4%), from €13,872 to €12,007
- Financial income +€766
new in 2025: €766
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,050 | €175,786 | +€15,736 | +9.8% |
| Fixed assets | 21/28 | €1,302 | €457 | -€845 | -64.9% |
| Tangible fixed assets | 22/27 | €1,302 | €457 | -€845 | -64.9% |
| Furniture and vehicles | 24 | €1,302 | €457 | -€845 | -64.9% |
| Current assets | 29/58 | €158,748 | €175,330 | +€16,582 | +10.4% |
| Amounts receivable within one year | 40/41 | €15,465 | €14,850 | -€615 | -4.0% |
| Trade receivables | 40 | €15,062 | €13,808 | -€1,254 | -8.3% |
| Other amounts receivable | 41 | €403 | €1,042 | +€639 | +159% |
| Cash at bank and in hand | 54/58 | €142,416 | €156,934 | +€14,518 | +10.2% |
| Deferred charges and accrued income | 490/1 | €867 | €3,546 | +€2,678 | +309% |
| Total equity and liabilities | 10/49 | €160,050 | €175,786 | +€15,736 | +9.8% |
| Equity | 10/15 | €149,017 | €5,000 | -€144,017 | -96.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,017 | - | -€144,017 | |
| Amounts payable | 17/49 | €11,033 | €170,786 | +€159,753 | +1,448% |
| Amounts payable within one year | 42/48 | €11,033 | €170,786 | +€159,753 | +1,448% |
| Trade debts | 44 | €1,115 | €6,729 | +€5,613 | +503% |
| Suppliers | 440/4 | €1,115 | €6,729 | +€5,613 | +503% |
| Taxes, remuneration and social security | 45 | €9,918 | €7,981 | -€1,936 | -19.5% |
| Taxes | 450/3 | €9,918 | €7,981 | -€1,936 | -19.5% |
| Other amounts payable | 47/48 | - | €156,076 | +€156,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845 | €845 | = | 0.0% |
| Other operating charges | 640/8 | €1,444 | €1,092 | -€352 | -24.4% |
| Gross operating margin | 9900 | €65,518 | €57,774 | -€7,744 | -11.8% |
| Operating profit (loss) | 9901 | €63,228 | €55,837 | -€7,392 | -11.7% |
| Financial income | 75/76B | - | €766 | +€766 | |
| Recurring financial income | 75 | - | €766 | +€766 | |
| Financial charges | 65/66B | €798 | €1,211 | +€412 | +51.7% |
| Recurring financial charges | 65 | €798 | €1,211 | +€412 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €62,430 | €55,392 | -€7,038 | -11.3% |
| Income taxes | 67/77 | €13,872 | €12,007 | -€1,865 | -13.4% |
| Profit (loss) for the period | 9904 | €48,558 | €43,385 | -€5,173 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,558 | €43,385 | -€5,173 | -10.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.