NS 44: 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.
NS 44
Largest movements
- Receivables within one year -€208
no longer reported in 2025 (was €208)
- Cash -€84
no longer reported in 2025 (was €84)
mainly Trade debts (-€789) and Net result for the year (-€407)
- Other debts +€902
new in 2025: €902
- Trade debts -€789
no longer reported in 2025 (was €789)
- Profit (loss) carried forward -€407
down €407 (-13.6%), from -€2,997 to -€3,404
- Gross operating margin +€2,096
no longer reported in 2025 (was -€2,096)
- Other operating charges -€897
no longer reported in 2025 (was €897)
- Financial charges +€403
up €403 (+10743.2%), from €4 to €407
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 | €292 | - | -€292 | |
| Current assets | 29/58 | €292 | - | -€292 | |
| Amounts receivable within one year | 40/41 | €208 | - | -€208 | |
| Other amounts receivable | 41 | €208 | - | -€208 | |
| Cash at bank and in hand | 54/58 | €84 | - | -€84 | |
| Total equity and liabilities | 10/49 | €292 | - | -€292 | |
| Equity | 10/15 | -€497 | -€904 | -€407 | -81.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,997 | -€3,404 | -€407 | -13.6% |
| Amounts payable | 17/49 | €789 | €904 | +€114 | +14.5% |
| Amounts payable within one year | 42/48 | €789 | €904 | +€114 | +14.5% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €789 | - | -€789 | |
| Suppliers | 440/4 | €789 | - | -€789 | |
| Other amounts payable | 47/48 | - | €902 | +€902 | |
| Other operating charges | 640/8 | €897 | - | -€897 | |
| Gross operating margin | 9900 | -€2,096 | - | +€2,096 | |
| Operating profit (loss) | 9901 | -€2,993 | - | +€2,993 | |
| Financial charges | 65/66B | €4 | €407 | +€403 | +10743.2% |
| Recurring financial charges | 65 | €4 | €407 | +€403 | +10743.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,997 | -€407 | +€2,591 | +86.4% |
| Profit (loss) for the period | 9904 | -€2,997 | -€407 | +€2,591 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,997 | -€407 | +€2,591 | +86.4% |
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 8 October 2026 via checked.be.