NSE-WORKSHOP: 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.
What changed
NSE-WORKSHOP
NACE 95.312, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,231
2024 · €5,424+€3,807
Equity
€979,789
2024 · €970,558+€9,231
Cash
€33,549
2024 · €7,232+€26,316
Balance sheet total
€3.4m
2024 · €3.5m-€152,533
Largest movements
Assets
- Tangible fixed assets -€232,148
down €232,148 (-7.1%), from €3.3m to €3.1m
of which Land and buildings: -€133,553
- Stocks and contracts +€59,771
up €59,771 (+42.5%), from €140,646 to €200,417
Equity and liabilities
- Other debts +€362,819
up €362,819 (+107.2%), from €338,595 to €701,414
- Current portion of long-term debt -€203,906
down €203,906 (-89.1%), from €228,906 to €25,000
- Trade debts -€183,444
down €183,444 (-44.6%), from €411,097 to €227,653
- Tax, wage and social debts -€137,993
down €137,993 (-84.4%), from €163,569 to €25,576
of which Taxes: -€122,517
Income statement
- Staff costs -€22,801
down €22,801 (-7.5%), from €305,752 to €282,951
- Depreciation +€22,326
up €22,326 (+11.7%), from €190,112 to €212,438
- Financial charges -€15,948
down €15,948 (-70.5%), from €22,636 to €6,688
- Gross operating margin -€11,358
down €11,358 (-2.0%), from €581,953 to €570,595
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.
Result 2024
€5,424
Gross operating margin
-€11,358
Staff costs
+€22,801
Depreciation
-€22,326
Other operating charges
+€192
Financial income
+€1,235
Financial charges
+€15,948
Taxes
-€2,684
Result 2025
€9,231
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.
From operations
+€210,512
Investment
+€19,710
Financing
-€203,906
Cash 2024
€7,232
From operations (derived)
+€210,512
Net result for the year
+€9,231
Depreciation
+€212,438
Stocks and contracts
-€59,771
Receivables within one year
+€9,026
Deferred charges and accrued income
-€2,553
Trade debts
-€183,444
Tax, wage and social debts
-€137,993
Other debts
+€362,819
Accrued charges and deferred income
+€760
Investment (derived)
+€19,710
Investment in fixed assets (net)
+€19,710
Financing
-€203,906
Current portion of long-term debt
-€203,906
Cash 2025
€33,549
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,535,579 | €3,383,045 | -€152,533 | -4.3% |
| Fixed assets | 21/28 | €3,292,435 | €3,060,287 | -€232,148 | -7.1% |
| Tangible fixed assets | 22/27 | €3,290,985 | €3,058,837 | -€232,148 | -7.1% |
| Land and buildings | 22 | €3,069,867 | €2,936,314 | -€133,553 | -4.4% |
| Plant, machinery and equipment | 23 | €167,497 | €100,676 | -€66,821 | -39.9% |
| Furniture and vehicles | 24 | €53,621 | €21,847 | -€31,774 | -59.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €243,144 | €322,758 | +€79,614 | +32.7% |
| Stocks and contracts in progress | 3 | €140,646 | €200,417 | +€59,771 | +42.5% |
| Stocks | 30/36 | €140,646 | €200,417 | +€59,771 | +42.5% |
| Amounts receivable within one year | 40/41 | €41,290 | €32,264 | -€9,026 | -21.9% |
| Trade receivables | 40 | €40,839 | €31,813 | -€9,026 | -22.1% |
| Other amounts receivable | 41 | €451 | €451 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,232 | €33,549 | +€26,316 | +363.9% |
| Deferred charges and accrued income | 490/1 | €53,976 | €56,529 | +€2,553 | +4.7% |
| Total equity and liabilities | 10/49 | €3,535,579 | €3,383,045 | -€152,533 | -4.3% |
| Equity | 10/15 | €970,558 | €979,789 | +€9,231 | +1.0% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €126,505 | €126,505 | = | 0.0% |
| Issued capital | 100 | €126,505 | €126,505 | = | 0.0% |
| Contributions outside capital | 11 | €85,495 | €85,495 | = | 0.0% |
| Share premium | 1100/10 | €85,495 | €85,495 | = | 0.0% |
| Reserves | 13 | €758,558 | €767,789 | +€9,231 | +1.2% |
| Non-distributable reserves | 130/1 | €12,650 | €12,650 | = | 0.0% |
| Legal reserve | 130 | €12,650 | €12,650 | = | 0.0% |
| Distributable reserves | 133 | €745,907 | €755,138 | +€9,231 | +1.2% |
| Amounts payable | 17/49 | €2,565,021 | €2,403,257 | -€161,764 | -6.3% |
| Amounts payable after more than one year | 17 | €1,417,706 | €1,417,706 | = | 0.0% |
| Financial debts | 170/4 | €1,417,706 | €1,417,706 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,142,166 | €979,642 | -€162,524 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €228,906 | €25,000 | -€203,906 | -89.1% |
| Trade debts | 44 | €411,097 | €227,653 | -€183,444 | -44.6% |
| Suppliers | 440/4 | €411,097 | €227,653 | -€183,444 | -44.6% |
| Taxes, remuneration and social security | 45 | €163,569 | €25,576 | -€137,993 | -84.4% |
| Taxes | 450/3 | €126,969 | €4,452 | -€122,517 | -96.5% |
| Remuneration and social security | 454/9 | €36,600 | €21,123 | -€15,476 | -42.3% |
| Other amounts payable | 47/48 | €338,595 | €701,414 | +€362,819 | +107.2% |
| Accrued charges and deferred income | 492/3 | €5,148 | €5,908 | +€760 | +14.8% |
| Remuneration, social security and pensions | 62 | €305,752 | €282,951 | -€22,801 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,112 | €212,438 | +€22,326 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €56,581 | €56,389 | -€192 | -0.3% |
| Gross operating margin | 9900 | €581,953 | €570,595 | -€11,358 | -2.0% |
| Operating profit (loss) | 9901 | €29,508 | €18,817 | -€10,691 | -36.2% |
| Financial income | 75/76B | €0 | €1,235 | +€1,235 | +881814.3% |
| Recurring financial income | 75 | €0 | €1,235 | +€1,235 | +881814.3% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €22,636 | €6,688 | -€15,948 | -70.5% |
| Recurring financial charges | 65 | €22,636 | €6,688 | -€15,948 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €6,873 | €13,364 | +€6,491 | +94.4% |
| Income taxes | 67/77 | €1,449 | €4,133 | +€2,684 | +185.2% |
| Profit (loss) for the period | 9904 | €5,424 | €9,231 | +€3,807 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,424 | €9,231 | +€3,807 | +70.2% |
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 12 October 2026 via checked.be.