NS Group: what changed
Two financial 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 Group
Largest movements
- Cash +€1,491
up €1,491 (+269.4%), from €553 to €2,044
mainly Net result for the year (+€666) and Depreciation (+€326)
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€683
down €683 (-63.1%), from €1,082 to €400
- Gross operating margin -€232
down €232 (-11.2%), from €2,065 to €1,833
- Financial charges -€88
down €88 (-58.0%), from €151 to €63
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 | €76,061 | €76,984 | +€923 | +1.2% |
| Formation expenses | 20 | €1,725 | €1,454 | -€272 | -15.7% |
| Fixed assets | 21/28 | €10,582 | €10,286 | -€296 | -2.8% |
| Tangible fixed assets | 22/27 | €10,582 | €10,286 | -€296 | -2.8% |
| Land and buildings | 22 | €10,582 | €10,286 | -€296 | -2.8% |
| Current assets | 29/58 | €63,753 | €65,244 | +€1,491 | +2.3% |
| Amounts receivable within one year | 40/41 | €58,000 | €58,000 | = | 0.0% |
| Trade receivables | 40 | €58,000 | €58,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €553 | €2,044 | +€1,491 | +269.4% |
| Deferred charges and accrued income | 490/1 | €5,200 | €5,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €76,061 | €76,984 | +€923 | +1.2% |
| Equity | 10/15 | €72,623 | €73,289 | +€666 | +0.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | - | €70,000 | +€70,000 | |
| Issued capital | 100 | - | €200,000 | +€200,000 | |
| Uncalled capital | 101 | - | €130,000 | +€130,000 | |
| Profit (loss) carried forward | 14 | €2,623 | €3,289 | +€666 | +25.4% |
| Amounts payable | 17/49 | €3,438 | €3,695 | +€257 | +7.5% |
| Amounts payable within one year | 42/48 | €3,438 | €3,695 | +€257 | +7.5% |
| Trade debts | 44 | €363 | €360 | -€3 | -0.8% |
| Suppliers | 440/4 | €363 | €360 | -€3 | -0.8% |
| Other amounts payable | 47/48 | €3,075 | €3,335 | +€260 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €326 | = | 0.0% |
| Other operating charges | 640/8 | €1,082 | €400 | -€683 | -63.1% |
| Gross operating margin | 9900 | €2,065 | €1,833 | -€232 | -11.2% |
| Operating profit (loss) | 9901 | €656 | €1,107 | +€451 | +68.6% |
| Financial charges | 65/66B | €151 | €63 | -€88 | -58.0% |
| Recurring financial charges | 65 | €151 | €63 | -€88 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €506 | €1,044 | +€538 | +106.4% |
| Income taxes | 67/77 | €386 | €377 | -€9 | -2.4% |
| Profit (loss) for the period | 9904 | €119 | €666 | +€547 | +459.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119 | €666 | +€547 | +459.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.