NSB Corp: 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.
NSB Corp
Largest movements
- Receivables within one year +€90,861
new in 2025: €90,861
of which Trade receivables: +€60,890
- Cash -€27,529
down €27,529 (-46.5%), from €59,265 to €31,736
mainly Receivables within one year (-€90,861) and Investment in fixed assets (net) (-€16,515)
- Tangible fixed assets +€13,111
new in 2025: €13,111
of which Other tangible fixed assets: +€6,872
- Financial fixed assets +€2,000
new in 2025: €2,000
- Trade debts +€56,820
up €56,820 (+192%), from €29,572 to €86,393
- Profit (loss) carried forward +€17,229
up €17,229 (+635%), from €2,715 to €19,944
- Tax, wage and social debts +€7,254
up €7,254 (+39.6%), from €18,308 to €25,562
of which Remuneration and social security: +€4,711
- Other debts -€2,861
down €2,861 (-33.0%), from €8,670 to €5,809
- Gross operating margin +€124,835
up €124,835 (+257%), from €48,546 to €173,381
- Staff costs +€105,123
up €105,123 (+248%), from €42,306 to €147,429
- Taxes +€4,401
up €4,401 (+359%), from €1,226 to €5,627
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.
Derived cash bridge
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 | €59,265 | €137,708 | +€78,443 | +132% |
| Fixed assets | 21/28 | - | €15,111 | +€15,111 | |
| Tangible fixed assets | 22/27 | - | €13,111 | +€13,111 | |
| Furniture and vehicles | 24 | - | €6,240 | +€6,240 | |
| Other tangible fixed assets | 26 | - | €6,872 | +€6,872 | |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €59,265 | €122,597 | +€63,331 | +107% |
| Amounts receivable within one year | 40/41 | - | €90,861 | +€90,861 | |
| Trade receivables | 40 | - | €60,890 | +€60,890 | |
| Other amounts receivable | 41 | - | €29,971 | +€29,971 | |
| Cash at bank and in hand | 54/58 | €59,265 | €31,736 | -€27,529 | -46.5% |
| Total equity and liabilities | 10/49 | €59,265 | €137,708 | +€78,443 | +132% |
| Equity | 10/15 | €2,715 | €19,944 | +€17,229 | +635% |
| Profit (loss) carried forward | 14 | €2,715 | €19,944 | +€17,229 | +635% |
| Amounts payable | 17/49 | €56,550 | €117,764 | +€61,213 | +108% |
| Amounts payable within one year | 42/48 | €56,550 | €117,764 | +€61,213 | +108% |
| Trade debts | 44 | €29,572 | €86,393 | +€56,820 | +192% |
| Suppliers | 440/4 | €29,572 | €86,393 | +€56,820 | +192% |
| Taxes, remuneration and social security | 45 | €18,308 | €25,562 | +€7,254 | +39.6% |
| Taxes | 450/3 | €7,775 | €10,318 | +€2,543 | +32.7% |
| Remuneration and social security | 454/9 | €10,533 | €15,244 | +€4,711 | +44.7% |
| Other amounts payable | 47/48 | €8,670 | €5,809 | -€2,861 | -33.0% |
| Remuneration, social security and pensions | 62 | €42,306 | €147,429 | +€105,123 | +248% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,404 | +€1,404 | |
| Other operating charges | 640/8 | €225 | €499 | +€275 | +122% |
| Gross operating margin | 9900 | €48,546 | €173,381 | +€124,835 | +257% |
| Operating profit (loss) | 9901 | €6,016 | €24,049 | +€18,034 | +300% |
| Financial income | 75/76B | €9 | €3 | -€6 | -66.9% |
| Recurring financial income | 75 | €9 | €3 | -€6 | -66.9% |
| Financial charges | 65/66B | €2,084 | €1,196 | -€888 | -42.6% |
| Recurring financial charges | 65 | €2,084 | €1,196 | -€888 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €3,941 | €22,856 | +€18,916 | +480% |
| Income taxes | 67/77 | €1,226 | €5,627 | +€4,401 | +359% |
| Profit (loss) for the period | 9904 | €2,715 | €17,229 | +€14,514 | +535% |
| Profit (loss) for the period to be appropriated | 9905 | €2,715 | €17,229 | +€14,514 | +535% |
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 16 October 2026 via checked.be.