NS & LYN: 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 & LYN
Largest movements
- Cash +€16,166
up €16,166 (+117.7%), from €13,739 to €29,905
mainly Net result for the year (+€33,232) and Depreciation (+€12,982)
- Tangible fixed assets -€10,806
down €10,806 (-4.3%), from €249,650 to €238,844
of which Land and buildings: -€7,636
- Reserves +€33,232
up €33,232 (+1786.7%), from €1,860 to €35,092
- Debts after one year -€17,284
down €17,284 (-12.3%), from €141,070 to €123,786
- Other debts -€14,005
down €14,005 (-88.9%), from €15,753 to €1,748
- Staff costs -€20,458
down €20,458 (-97.9%), from €20,897 to €439
- Gross operating margin +€15,763
up €15,763 (+32.3%), from €48,815 to €64,578
- Taxes +€3,323
up €3,323 (+3323190.0%), from €0 to €3,323
- Other operating charges +€1,493
up €1,493 (+21.7%), from €6,895 to €8,388
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 | €270,240 | €275,301 | +€5,060 | +1.9% |
| Fixed assets | 21/28 | €249,948 | €239,064 | -€10,884 | -4.4% |
| Tangible fixed assets | 22/27 | €249,650 | €238,844 | -€10,806 | -4.3% |
| Land and buildings | 22 | €215,727 | €208,091 | -€7,636 | -3.5% |
| Plant, machinery and equipment | 23 | €18,396 | €15,040 | -€3,356 | -18.2% |
| Furniture and vehicles | 24 | €15,527 | €15,713 | +€186 | +1.2% |
| Financial fixed assets | 28 | €297 | €220 | -€77 | -26.0% |
| Current assets | 29/58 | €20,293 | €36,237 | +€15,944 | +78.6% |
| Amounts receivable within one year | 40/41 | €5,702 | €5,548 | -€155 | -2.7% |
| Trade receivables | 40 | €1,475 | €2,079 | +€604 | +40.9% |
| Other amounts receivable | 41 | €4,228 | €3,469 | -€758 | -17.9% |
| Cash at bank and in hand | 54/58 | €13,739 | €29,905 | +€16,166 | +117.7% |
| Deferred charges and accrued income | 490/1 | €851 | €784 | -€67 | -7.9% |
| Total equity and liabilities | 10/49 | €270,240 | €275,301 | +€5,060 | +1.9% |
| Equity | 10/15 | €82,352 | €114,430 | +€32,078 | +39.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €35,092 | +€33,232 | +1786.7% |
| Distributable reserves | 133 | €1,860 | €35,092 | +€33,232 | +1786.7% |
| Profit (loss) carried forward | 14 | €35,478 | €35,478 | = | 0.0% |
| Investment grants | 15 | €32,614 | €31,459 | -€1,154 | -3.5% |
| Amounts payable | 17/49 | €187,889 | €160,871 | -€27,018 | -14.4% |
| Amounts payable after more than one year | 17 | €141,070 | €123,786 | -€17,284 | -12.3% |
| Financial debts | 170/4 | €141,070 | €123,786 | -€17,284 | -12.3% |
| Amounts payable within one year | 42/48 | €45,911 | €36,938 | -€8,973 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €16,589 | €17,284 | +€695 | +4.2% |
| Trade debts | 44 | €12,154 | €14,582 | +€2,429 | +20.0% |
| Suppliers | 440/4 | €12,154 | €14,582 | +€2,429 | +20.0% |
| Taxes, remuneration and social security | 45 | €1,415 | €3,323 | +€1,908 | +134.9% |
| Taxes | 450/3 | €1,415 | €3,323 | +€1,908 | +134.9% |
| Other amounts payable | 47/48 | €15,753 | €1,748 | -€14,005 | -88.9% |
| Accrued charges and deferred income | 492/3 | €908 | €147 | -€761 | -83.8% |
| Non-recurring operating income | 76A | - | €12,093 | +€12,093 | |
| Remuneration, social security and pensions | 62 | €20,897 | €439 | -€20,458 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,135 | €12,982 | -€152 | -1.2% |
| Other operating charges | 640/8 | €6,895 | €8,388 | +€1,493 | +21.7% |
| Gross operating margin | 9900 | €48,815 | €64,578 | +€15,763 | +32.3% |
| Operating profit (loss) | 9901 | €7,888 | €42,768 | +€34,880 | +442.2% |
| Financial income | 75/76B | €1,684 | €1,251 | -€432 | -25.7% |
| Recurring financial income | 75 | €1,684 | €1,251 | -€432 | -25.7% |
| Financial charges | 65/66B | €7,568 | €7,464 | -€104 | -1.4% |
| Recurring financial charges | 65 | €7,568 | €7,464 | -€104 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €2,004 | €36,556 | +€34,552 | +1724.2% |
| Income taxes | 67/77 | €0 | €3,323 | +€3,323 | +3323190.0% |
| Profit (loss) for the period | 9904 | €2,004 | €33,232 | +€31,228 | +1558.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,004 | €33,232 | +€31,228 | +1558.4% |
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 9 October 2026 via checked.be.