NSBD: 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.
NSBD
Largest movements
- Tangible fixed assets +€2,161
up €2,161 (+1.1%), from €194,262 to €196,423
of which Plant, machinery and equipment: +€13,728
- Debts after one year -€16,221
down €16,221 (-10.0%), from €162,214 to €145,992
of which Other amounts payable: -€10,000
- Reserves +€14,986
up €14,986 (+189%), from €7,914 to €22,901
of which Distributable reserves: +€16,224
- Current portion of long-term debt -€4,666
down €4,666 (-42.9%), from €10,888 to €6,221
- Tax, wage and social debts +€4,547
up €4,547 (+222%), from €2,048 to €6,595
- Depreciation -€12,069
down €12,069 (-42.1%), from €28,646 to €16,577
- Taxes +€4,380
up €4,380 (+111%), from €3,961 to €8,341
- Gross operating margin +€498
up €498 (+1.2%), from €43,288 to €43,786
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 | €214,002 | €213,730 | -€272 | -0.1% |
| Fixed assets | 21/28 | €195,039 | €197,200 | +€2,161 | +1.1% |
| Tangible fixed assets | 22/27 | €194,262 | €196,423 | +€2,161 | +1.1% |
| Land and buildings | 22 | €45,603 | €41,043 | -€4,560 | -10.0% |
| Plant, machinery and equipment | 23 | €210 | €13,939 | +€13,728 | +6,526% |
| Furniture and vehicles | 24 | €0 | €2,939 | +€2,939 | |
| Other tangible fixed assets | 26 | €148,449 | €138,503 | -€9,946 | -6.7% |
| Financial fixed assets | 28 | €777 | €777 | = | 0.0% |
| Current assets | 29/58 | €18,963 | €16,529 | -€2,433 | -12.8% |
| Amounts receivable within one year | 40/41 | €5,177 | €6,020 | +€843 | +16.3% |
| Trade receivables | 40 | €5,064 | €5,691 | +€627 | +12.4% |
| Other amounts receivable | 41 | €113 | €329 | +€216 | +191% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,820 | €9,911 | -€1,909 | -16.1% |
| Deferred charges and accrued income | 490/1 | €1,965 | €598 | -€1,367 | -69.6% |
| Total equity and liabilities | 10/49 | €214,002 | €213,730 | -€272 | -0.1% |
| Equity | 10/15 | €34,661 | €49,647 | +€14,986 | +43.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,914 | €22,901 | +€14,986 | +189% |
| Non-distributable reserves | 130/1 | €1,238 | €0 | -€1,238 | -100% |
| Reserves not available under the articles | 1311 | €1,238 | €0 | -€1,238 | -100% |
| Distributable reserves | 133 | €6,676 | €22,901 | +€16,224 | +243% |
| Profit (loss) carried forward | 14 | €8,147 | €8,147 | = | 0.0% |
| Amounts payable | 17/49 | €179,341 | €164,082 | -€15,258 | -8.5% |
| Amounts payable after more than one year | 17 | €162,214 | €145,992 | -€16,221 | -10.0% |
| Financial debts | 170/4 | €62,214 | €55,992 | -€6,221 | -10.0% |
| Other amounts payable | 178/9 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Amounts payable within one year | 42/48 | €17,082 | €17,624 | +€541 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €10,888 | €6,221 | -€4,666 | -42.9% |
| Trade debts | 44 | €1,394 | €526 | -€868 | -62.3% |
| Suppliers | 440/4 | €1,394 | €526 | -€868 | -62.3% |
| Taxes, remuneration and social security | 45 | €2,048 | €6,595 | +€4,547 | +222% |
| Taxes | 450/3 | €2,048 | €6,595 | +€4,547 | +222% |
| Other amounts payable | 47/48 | €2,753 | €4,282 | +€1,528 | +55.5% |
| Accrued charges and deferred income | 492/3 | €45 | €466 | +€421 | +939% |
| Non-recurring operating income | 76A | €2,611 | €0 | -€2,611 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,646 | €16,577 | -€12,069 | -42.1% |
| Other operating charges | 640/8 | €2,527 | €2,507 | -€19 | -0.8% |
| Gross operating margin | 9900 | €43,288 | €43,786 | +€498 | +1.2% |
| Operating profit (loss) | 9901 | €12,115 | €24,702 | +€12,587 | +104% |
| Financial income | 75/76B | €6 | €6 | -€0 | -6.4% |
| Recurring financial income | 75 | €6 | €6 | -€0 | -6.4% |
| Financial charges | 65/66B | €1,484 | €1,381 | -€104 | -7.0% |
| Recurring financial charges | 65 | €1,484 | €1,381 | -€104 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €10,637 | €23,327 | +€12,690 | +119% |
| Income taxes | 67/77 | €3,961 | €8,341 | +€4,380 | +111% |
| Profit (loss) for the period | 9904 | €6,676 | €14,986 | +€8,310 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €6,676 | €14,986 | +€8,310 | +124% |
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 27 October 2026 via checked.be.