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
- Receivables within one year -€18,700
down €18,700 (-90.0%), from €20,774 to €2,074
of which Trade receivables: -€19,123
- Cash +€8,004
up €8,004 (+43.3%), from €18,494 to €26,498
mainly Receivables within one year (+€18,700) and Other debts (+€8,311)
- Profit (loss) carried forward -€12,326
down €12,326 (-438%), from -€2,817 to -€15,143
- Other debts +€8,311
up €8,311 (+99.1%), from €8,385 to €16,696
- Trade debts -€7,890
down €7,890 (-27.2%), from €29,041 to €21,151
- Tax, wage and social debts +€1,209
up €1,209 (+391%), from €309 to €1,519
- Gross operating margin -€10,148
down €10,148 (-574%), from -€1,768 to -€11,916
- Other operating charges -€998
no longer reported in 2025 (was €998)
- Financial charges +€359
up €359 (+710%), from €51 to €410
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 | €39,918 | €29,222 | -€10,696 | -26.8% |
| Fixed assets | 21/28 | €650 | €650 | = | 0.0% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €39,268 | €28,572 | -€10,696 | -27.2% |
| Amounts receivable within one year | 40/41 | €20,774 | €2,074 | -€18,700 | -90.0% |
| Trade receivables | 40 | €20,774 | €1,652 | -€19,123 | -92.0% |
| Other amounts receivable | 41 | - | €423 | +€423 | |
| Cash at bank and in hand | 54/58 | €18,494 | €26,498 | +€8,004 | +43.3% |
| Total equity and liabilities | 10/49 | €39,918 | €29,222 | -€10,696 | -26.8% |
| Equity | 10/15 | €2,183 | -€10,143 | -€12,326 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,817 | -€15,143 | -€12,326 | -438% |
| Amounts payable | 17/49 | €37,735 | €39,365 | +€1,630 | +4.3% |
| Amounts payable within one year | 42/48 | €37,735 | €39,365 | +€1,630 | +4.3% |
| Trade debts | 44 | €29,041 | €21,151 | -€7,890 | -27.2% |
| Suppliers | 440/4 | €29,041 | €21,151 | -€7,890 | -27.2% |
| Taxes, remuneration and social security | 45 | €309 | €1,519 | +€1,209 | +391% |
| Taxes | 450/3 | €309 | €1,519 | +€1,209 | +391% |
| Other amounts payable | 47/48 | €8,385 | €16,696 | +€8,311 | +99.1% |
| Other operating charges | 640/8 | €998 | - | -€998 | |
| Gross operating margin | 9900 | -€1,768 | -€11,916 | -€10,148 | -574% |
| Operating profit (loss) | 9901 | -€2,766 | -€11,916 | -€9,150 | -331% |
| Financial charges | 65/66B | €51 | €410 | +€359 | +710% |
| Recurring financial charges | 65 | €51 | €410 | +€359 | +710% |
| Profit (loss) for the period before taxes | 9903 | -€2,817 | -€12,326 | -€9,510 | -338% |
| Profit (loss) for the period | 9904 | -€2,817 | -€12,326 | -€9,510 | -338% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,817 | -€12,326 | -€9,510 | -338% |
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.