NS&GO: 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&GO
Largest movements
- Stocks and contracts +€25,670
up €25,670 (+24.7%), from €103,962 to €129,632
- Cash -€15,327
down €15,327 (-25.0%), from €61,348 to €46,021
mainly Stocks and contracts (-€25,670) and Tax, wage and social debts (-€6,293)
- Receivables within one year -€7,375
down €7,375 (-64.4%), from €11,455 to €4,080
of which Trade receivables: -€9,832
- Tax, wage and social debts -€6,293
down €6,293 (-28.1%), from €22,387 to €16,094
of which Taxes: -€5,787
- Profit (loss) carried forward +€4,085
up €4,085 (+36.9%), from €11,068 to €15,152
- Trade debts +€3,419
up €3,419 (+18.3%), from €18,700 to €22,119
- Gross operating margin +€10,149
up €10,149 (+239.1%), from €4,244 to €14,393
- Other operating charges -€2,954
down €2,954 (-36.2%), from €8,168 to €5,214
- Depreciation -€1,506
down €1,506 (-45.4%), from €3,320 to €1,815
- Taxes -€586
down €586 (-58.6%), from €1,000 to €414
- Financial charges -€454
down €454 (-25.2%), from €1,804 to €1,350
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 | €182,127 | €183,790 | +€1,664 | +0.9% |
| Fixed assets | 21/28 | €3,464 | €2,879 | -€586 | -16.9% |
| Tangible fixed assets | 22/27 | €3,464 | €2,879 | -€586 | -16.9% |
| Plant, machinery and equipment | 23 | €2,290 | €1,763 | -€528 | -23.0% |
| Furniture and vehicles | 24 | €1,174 | €1,116 | -€58 | -5.0% |
| Current assets | 29/58 | €178,662 | €180,912 | +€2,249 | +1.3% |
| Stocks and contracts in progress | 3 | €103,962 | €129,632 | +€25,670 | +24.7% |
| Stocks | 30/36 | €103,962 | €129,632 | +€25,670 | +24.7% |
| Amounts receivable within one year | 40/41 | €11,455 | €4,080 | -€7,375 | -64.4% |
| Trade receivables | 40 | €9,832 | - | -€9,832 | |
| Other amounts receivable | 41 | €1,623 | €4,080 | +€2,456 | +151.3% |
| Cash at bank and in hand | 54/58 | €61,348 | €46,021 | -€15,327 | -25.0% |
| Deferred charges and accrued income | 490/1 | €1,898 | €1,179 | -€718 | -37.9% |
| Total equity and liabilities | 10/49 | €182,127 | €183,790 | +€1,664 | +0.9% |
| Equity | 10/15 | €26,068 | €30,152 | +€4,085 | +15.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,068 | €15,152 | +€4,085 | +36.9% |
| Amounts payable | 17/49 | €156,059 | €153,638 | -€2,421 | -1.6% |
| Amounts payable within one year | 42/48 | €155,672 | €153,638 | -€2,034 | -1.3% |
| Trade debts | 44 | €18,700 | €22,119 | +€3,419 | +18.3% |
| Suppliers | 440/4 | €18,700 | €22,119 | +€3,419 | +18.3% |
| Taxes, remuneration and social security | 45 | €22,387 | €16,094 | -€6,293 | -28.1% |
| Taxes | 450/3 | €12,491 | €6,704 | -€5,787 | -46.3% |
| Remuneration and social security | 454/9 | €9,896 | €9,390 | -€506 | -5.1% |
| Other amounts payable | 47/48 | €114,584 | €115,425 | +€841 | +0.7% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Remuneration, social security and pensions | 62 | €1,527 | €1,520 | -€7 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €1,815 | -€1,506 | -45.4% |
| Other operating charges | 640/8 | €8,168 | €5,214 | -€2,954 | -36.2% |
| Gross operating margin | 9900 | €4,244 | €14,393 | +€10,149 | +239.1% |
| Operating profit (loss) | 9901 | -€8,771 | €5,844 | +€14,615 | |
| Financial income | 75/76B | €125 | €5 | -€120 | -96.1% |
| Recurring financial income | 75 | €125 | €5 | -€120 | -96.1% |
| Financial charges | 65/66B | €1,804 | €1,350 | -€454 | -25.2% |
| Recurring financial charges | 65 | €1,804 | €1,350 | -€454 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,450 | €4,499 | +€14,949 | |
| Income taxes | 67/77 | €1,000 | €414 | -€586 | -58.6% |
| Profit (loss) for the period | 9904 | -€11,450 | €4,085 | +€15,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,450 | €4,085 | +€15,535 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.