NS Gates: 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 Gates
Largest movements
- Stocks and contracts +€52,332
up €52,332 (+321.5%), from €16,276 to €68,608
of which Stocks: +€29,668
- Cash -€13,530
down €13,530 (-86.8%), from €15,582 to €2,052
mainly Stocks and contracts (-€52,332) and Investment in fixed assets (net) (-€14,738)
- Tangible fixed assets +€9,545
up €9,545 (+41.0%), from €23,304 to €32,849
of which Plant, machinery and equipment: +€17,049
- Receivables within one year -€3,789
down €3,789 (-5.8%), from €65,902 to €62,113
of which Trade receivables: -€6,977
- Profit (loss) carried forward +€28,457
up €28,457 (+33.5%), from €84,856 to €113,313
- Trade debts +€24,122
up €24,122 (+787.7%), from €3,062 to €27,184
- Debts after one year -€5,697
down €5,697 (-32.6%), from €17,454 to €11,757
- Tax, wage and social debts -€1,914
down €1,914 (-46.3%), from €4,129 to €2,216
- Gross operating margin +€8,448
up €8,448 (+22.8%), from €37,120 to €45,568
- Staff costs -€5,511
down €5,511, from €3,986 to -€1,525
- Taxes +€2,621
up €2,621 (+51.4%), from €5,096 to €7,717
- Depreciation -€2,085
down €2,085 (-28.6%), from €7,278 to €5,193
- Other operating charges +€1,432
up €1,432 (+98.6%), from €1,452 to €2,884
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 | €121,634 | €166,191 | +€44,558 | +36.6% |
| Fixed assets | 21/28 | €23,874 | €33,419 | +€9,545 | +40.0% |
| Tangible fixed assets | 22/27 | €23,304 | €32,849 | +€9,545 | +41.0% |
| Plant, machinery and equipment | 23 | - | €17,049 | +€17,049 | |
| Furniture and vehicles | 24 | €10,989 | €12,006 | +€1,016 | +9.2% |
| Leasing and similar rights | 25 | €12,315 | €3,794 | -€8,521 | -69.2% |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €97,760 | €132,773 | +€35,013 | +35.8% |
| Stocks and contracts in progress | 3 | €16,276 | €68,608 | +€52,332 | +321.5% |
| Stocks | 30/36 | €16,276 | €45,944 | +€29,668 | +182.3% |
| Contracts in progress | 37 | - | €22,664 | +€22,664 | |
| Amounts receivable within one year | 40/41 | €65,902 | €62,113 | -€3,789 | -5.8% |
| Trade receivables | 40 | €52,119 | €45,142 | -€6,977 | -13.4% |
| Other amounts receivable | 41 | €13,783 | €16,971 | +€3,187 | +23.1% |
| Cash at bank and in hand | 54/58 | €15,582 | €2,052 | -€13,530 | -86.8% |
| Total equity and liabilities | 10/49 | €121,634 | €166,191 | +€44,558 | +36.6% |
| Equity | 10/15 | €86,856 | €115,313 | +€28,457 | +32.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,856 | €113,313 | +€28,457 | +33.5% |
| Amounts payable | 17/49 | €34,778 | €50,878 | +€16,100 | +46.3% |
| Amounts payable after more than one year | 17 | €17,454 | €11,757 | -€5,697 | -32.6% |
| Financial debts | 170/4 | €17,454 | €11,757 | -€5,697 | -32.6% |
| Amounts payable within one year | 42/48 | €17,324 | €39,121 | +€21,798 | +125.8% |
| Current portion of amounts payable after more than one year | 42 | €10,132 | €8,889 | -€1,243 | -12.3% |
| Trade debts | 44 | €3,062 | €27,184 | +€24,122 | +787.7% |
| Suppliers | 440/4 | €3,062 | €27,184 | +€24,122 | +787.7% |
| Taxes, remuneration and social security | 45 | €4,129 | €2,216 | -€1,914 | -46.3% |
| Taxes | 450/3 | €4,129 | €2,216 | -€1,914 | -46.3% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Remuneration, social security and pensions | 62 | €3,986 | -€1,525 | -€5,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,278 | €5,193 | -€2,085 | -28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €150 | +€150 | |
| Other operating charges | 640/8 | €1,452 | €2,884 | +€1,432 | +98.6% |
| Non-recurring operating charges | 66A | €498 | - | -€498 | |
| Gross operating margin | 9900 | €37,120 | €45,568 | +€8,448 | +22.8% |
| Operating profit (loss) | 9901 | €23,905 | €38,865 | +€14,959 | +62.6% |
| Financial income | 75/76B | €766 | €22 | -€745 | -97.2% |
| Recurring financial income | 75 | €766 | €22 | -€745 | -97.2% |
| Financial charges | 65/66B | €1,923 | €1,879 | -€44 | -2.3% |
| Recurring financial charges | 65 | €1,923 | €1,879 | -€44 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €22,749 | €37,008 | +€14,259 | +62.7% |
| Income taxes | 67/77 | €5,096 | €7,717 | +€2,621 | +51.4% |
| Profit (loss) for the period | 9904 | €17,653 | €29,290 | +€11,637 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,653 | €29,290 | +€11,637 | +65.9% |
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.