NS&I: 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&I
Largest movements
- Deferred charges and accrued income +€19,366
up €19,366 (+4413.8%), from €439 to €19,805
- Tangible fixed assets -€16,733
down €16,733 (-41.9%), from €39,946 to €23,213
- Debts after one year -€18,706
down €18,706 (-61.8%), from €30,284 to €11,578
- Other debts +€13,436
up €13,436 (+18532.5%), from €73 to €13,509
- Reserves +€6,866
up €6,866 (+20.4%), from €33,597 to €40,463
- Tax, wage and social debts +€3,706
up €3,706 (+28.5%), from €12,989 to €16,695
of which Taxes: +€3,684
- Trade debts -€1,118
down €1,118 (-32.5%), from €3,440 to €2,322
- Gross operating margin +€5,908
up €5,908 (+11.1%), from €53,421 to €59,329
- Depreciation +€1,153
up €1,153 (+7.4%), from €15,580 to €16,733
- Taxes +€852
up €852 (+11.1%), from €7,708 to €8,560
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 | €102,233 | €105,773 | +€3,540 | +3.5% |
| Fixed assets | 21/28 | €39,946 | €23,213 | -€16,733 | -41.9% |
| Tangible fixed assets | 22/27 | €39,946 | €23,213 | -€16,733 | -41.9% |
| Furniture and vehicles | 24 | €39,946 | €23,213 | -€16,733 | -41.9% |
| Current assets | 29/58 | €62,287 | €82,560 | +€20,273 | +32.5% |
| Amounts receivable within one year | 40/41 | €56,423 | €56,560 | +€137 | +0.2% |
| Trade receivables | 40 | €23,807 | €31,160 | +€7,354 | +30.9% |
| Other amounts receivable | 41 | €32,617 | €25,400 | -€7,217 | -22.1% |
| Cash at bank and in hand | 54/58 | €5,425 | €6,195 | +€770 | +14.2% |
| Deferred charges and accrued income | 490/1 | €439 | €19,805 | +€19,366 | +4413.8% |
| Total equity and liabilities | 10/49 | €102,233 | €105,773 | +€3,540 | +3.5% |
| Equity | 10/15 | €36,097 | €42,963 | +€6,866 | +19.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €33,597 | €40,463 | +€6,866 | +20.4% |
| Distributable reserves | 133 | €33,597 | €40,463 | +€6,866 | +20.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €66,136 | €62,810 | -€3,326 | -5.0% |
| Amounts payable after more than one year | 17 | €30,284 | €11,578 | -€18,706 | -61.8% |
| Financial debts | 170/4 | €30,284 | €11,578 | -€18,706 | -61.8% |
| Amounts payable within one year | 42/48 | €35,852 | €51,231 | +€15,379 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €19,350 | €18,706 | -€645 | -3.3% |
| Trade debts | 44 | €3,440 | €2,322 | -€1,118 | -32.5% |
| Suppliers | 440/4 | €3,440 | €2,322 | -€1,118 | -32.5% |
| Taxes, remuneration and social security | 45 | €12,989 | €16,695 | +€3,706 | +28.5% |
| Taxes | 450/3 | €10,377 | €14,061 | +€3,684 | +35.5% |
| Remuneration and social security | 454/9 | €2,612 | €2,635 | +€22 | +0.8% |
| Other amounts payable | 47/48 | €73 | €13,509 | +€13,436 | +18532.5% |
| Non-recurring operating income | 76A | €2,420 | €0 | -€2,420 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,580 | €16,733 | +€1,153 | +7.4% |
| Other operating charges | 640/8 | €885 | €1,036 | +€150 | +17.0% |
| Gross operating margin | 9900 | €53,421 | €59,329 | +€5,908 | +11.1% |
| Operating profit (loss) | 9901 | €36,956 | €41,560 | +€4,604 | +12.5% |
| Financial income | 75/76B | €357 | €15 | -€342 | -95.8% |
| Recurring financial income | 75 | €357 | €15 | -€342 | -95.8% |
| Financial charges | 65/66B | €1,552 | €1,149 | -€404 | -26.0% |
| Recurring financial charges | 65 | €1,552 | €1,149 | -€404 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €35,760 | €40,426 | +€4,666 | +13.0% |
| Income taxes | 67/77 | €7,708 | €8,560 | +€852 | +11.1% |
| Profit (loss) for the period | 9904 | €28,053 | €31,866 | +€3,813 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,053 | €31,866 | +€3,813 | +13.6% |
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 7 October 2026 via checked.be.