NS ORL: 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 ORL
Largest movements
- Cash +€9,040
up €9,040 (+617.5%), from €1,464 to €10,504
mainly Net result for the year (+€10,960) and Tax, wage and social debts (+€2,923)
- Tangible fixed assets +€3,717
up €3,717 (+630.9%), from €589 to €4,306
of which Other tangible fixed assets: +€3,920
- Receivables within one year +€278
up €278 (+37.3%), from €745 to €1,023
- Deferred charges and accrued income +€235
up €235 (+4.9%), from €4,805 to €5,040
- Reserves +€10,960
up €10,960 (+465.5%), from €2,354 to €13,314
- Tax, wage and social debts +€2,923
up €2,923 (+316.3%), from €924 to €3,847
- Other debts -€613
down €613 (-46.3%), from €1,325 to €712
- Gross operating margin +€9,299
up €9,299 (+153.0%), from €6,077 to €15,376
- Taxes +€2,923
up €2,923 (+316.3%), from €924 to €3,847
- Depreciation -€2,284
down €2,284 (-81.6%), from €2,799 to €515
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 | €7,603 | €20,873 | +€13,270 | +174.5% |
| Fixed assets | 21/28 | €589 | €4,306 | +€3,717 | +630.9% |
| Tangible fixed assets | 22/27 | €589 | €4,306 | +€3,717 | +630.9% |
| Plant, machinery and equipment | 23 | €589 | €386 | -€203 | -34.4% |
| Other tangible fixed assets | 26 | - | €3,920 | +€3,920 | |
| Current assets | 29/58 | €7,014 | €16,567 | +€9,553 | +136.2% |
| Amounts receivable within one year | 40/41 | €745 | €1,023 | +€278 | +37.3% |
| Trade receivables | 40 | €745 | €1,023 | +€278 | +37.3% |
| Cash at bank and in hand | 54/58 | €1,464 | €10,504 | +€9,040 | +617.5% |
| Deferred charges and accrued income | 490/1 | €4,805 | €5,040 | +€235 | +4.9% |
| Total equity and liabilities | 10/49 | €7,603 | €20,873 | +€13,270 | +174.5% |
| Equity | 10/15 | €5,354 | €16,314 | +€10,960 | +204.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,354 | €13,314 | +€10,960 | +465.5% |
| Distributable reserves | 133 | €2,354 | €13,314 | +€10,960 | +465.5% |
| Amounts payable | 17/49 | €2,249 | €4,559 | +€2,310 | +102.7% |
| Amounts payable within one year | 42/48 | €2,249 | €4,559 | +€2,310 | +102.7% |
| Taxes, remuneration and social security | 45 | €924 | €3,847 | +€2,923 | +316.3% |
| Taxes | 450/3 | €924 | €3,847 | +€2,923 | +316.3% |
| Other amounts payable | 47/48 | €1,325 | €712 | -€613 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,799 | €515 | -€2,284 | -81.6% |
| Other operating charges | 640/8 | - | €37 | +€37 | |
| Gross operating margin | 9900 | €6,077 | €15,376 | +€9,299 | +153.0% |
| Operating profit (loss) | 9901 | €3,278 | €14,824 | +€11,546 | +352.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.3% |
| Financial charges | 65/66B | - | €17 | +€17 | |
| Recurring financial charges | 65 | - | €17 | +€17 | |
| Profit (loss) for the period before taxes | 9903 | €3,278 | €14,807 | +€11,529 | +351.6% |
| Income taxes | 67/77 | €924 | €3,847 | +€2,923 | +316.3% |
| Profit (loss) for the period | 9904 | €2,354 | €10,960 | +€8,606 | +365.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,354 | €10,960 | +€8,606 | +365.5% |
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.