NSB Holding: 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 Holding
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+59.9%), from €1.9m to €3.0m
- Receivables within one year +€266,166
up €266,166 (+44361.0%), from €600 to €266,766
of which Other amounts receivable: +€243,500
- Deferred charges and accrued income +€130,000
new in 2025: €130,000
- Debts after one year +€2.5m
new in 2025: €2.5m
- Other debts -€1.5m
down €1.5m (-82.9%), from €1.9m to €319,450
- Reserves +€317,421
new in 2025: €317,421
- Current portion of long-term debt +€232,902
new in 2025: €232,902
- Financial income +€320,500
new in 2025: €320,500
- Gross operating margin +€22,464
up €22,464, from -€970 to €21,494
- Financial charges +€20,233
up €20,233 (+37001.9%), from €55 to €20,287
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 | €1,869,234 | €3,394,055 | +€1.5m | +81.6% |
| Fixed assets | 21/28 | €1,867,000 | €2,985,299 | +€1.1m | +59.9% |
| Financial fixed assets | 28 | €1,867,000 | €2,985,299 | +€1.1m | +59.9% |
| Current assets | 29/58 | €2,234 | €408,756 | +€406,522 | +18196.8% |
| Amounts receivable within one year | 40/41 | €600 | €266,766 | +€266,166 | +44361.0% |
| Trade receivables | 40 | €600 | €23,266 | +€22,666 | +3777.7% |
| Other amounts receivable | 41 | - | €243,500 | +€243,500 | |
| Cash at bank and in hand | 54/58 | €1,634 | €11,990 | +€10,356 | +633.8% |
| Deferred charges and accrued income | 490/1 | - | €130,000 | +€130,000 | |
| Total equity and liabilities | 10/49 | €1,869,234 | €3,394,055 | +€1.5m | +81.6% |
| Equity | 10/15 | €2,234 | €323,421 | +€321,187 | +14377.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €317,421 | +€317,421 | |
| Distributable reserves | 133 | - | €317,421 | +€317,421 | |
| Profit (loss) carried forward | 14 | -€3,766 | - | +€3,766 | |
| Amounts payable | 17/49 | €1,867,000 | €3,070,634 | +€1.2m | +64.5% |
| Amounts payable after more than one year | 17 | - | €2,494,433 | +€2.5m | |
| Financial debts | 170/4 | - | €2,494,433 | +€2.5m | |
| Amounts payable within one year | 42/48 | €1,867,000 | €552,352 | -€1.3m | -70.4% |
| Current portion of amounts payable after more than one year | 42 | - | €232,902 | +€232,902 | |
| Other amounts payable | 47/48 | €1,867,000 | €319,450 | -€1.5m | -82.9% |
| Accrued charges and deferred income | 492/3 | - | €23,849 | +€23,849 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€970 | €21,494 | +€22,464 | |
| Operating profit (loss) | 9901 | -€1,475 | €20,975 | +€22,450 | |
| Financial income | 75/76B | - | €320,500 | +€320,500 | |
| Recurring financial income | 75 | - | €320,500 | +€320,500 | |
| Financial charges | 65/66B | €55 | €20,287 | +€20,233 | +37001.9% |
| Recurring financial charges | 65 | €55 | €20,287 | +€20,233 | +37001.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,530 | €321,187 | +€322,717 | |
| Profit (loss) for the period | 9904 | -€1,530 | €321,187 | +€322,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,530 | €321,187 | +€322,717 |
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.