NSEPA: 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.
NSEPA
Largest movements
- Current investments +€14,634
new in 2024: €14,634
- Receivables within one year -€11,989
down €11,989 (-40.1%), from €29,866 to €17,877
of which Other amounts receivable: -€9,952
- Tangible fixed assets -€9,413
down €9,413 (-25.7%), from €36,590 to €27,176
of which Land and buildings: -€8,328
- Cash +€6,031
up €6,031 (+6.8%), from €88,982 to €95,013
mainly Net result for the year (+€54,355) and Receivables within one year (+€11,989)
- Deferred charges and accrued income +€2,706
up €2,706 (+16.6%), from €16,342 to €19,048
- Debts after one year -€13,520
down €13,520 (-25.2%), from €53,604 to €40,084
- Reserves +€9,096
up €9,096 (+11.1%), from €81,818 to €90,914
of which Distributable reserves: +€9,096
- Tax, wage and social debts +€8,498
new in 2024: €8,498
- Gross operating margin +€41,537
up €41,537 (+92.4%), from €44,976 to €86,513
- Taxes +€10,733
up €10,733 (+116%), from €9,279 to €20,012
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,779 | €173,748 | +€1,969 | +1.1% |
| Fixed assets | 21/28 | €36,590 | €27,176 | -€9,413 | -25.7% |
| Tangible fixed assets | 22/27 | €36,590 | €27,176 | -€9,413 | -25.7% |
| Land and buildings | 22 | €33,311 | €24,983 | -€8,328 | -25.0% |
| Furniture and vehicles | 24 | €3,279 | €2,193 | -€1,086 | -33.1% |
| Current assets | 29/58 | €135,190 | €146,572 | +€11,382 | +8.4% |
| Amounts receivable within one year | 40/41 | €29,866 | €17,877 | -€11,989 | -40.1% |
| Trade receivables | 40 | €2,037 | - | -€2,037 | |
| Other amounts receivable | 41 | €27,829 | €17,877 | -€9,952 | -35.8% |
| Current investments | 50/53 | - | €14,634 | +€14,634 | |
| Cash at bank and in hand | 54/58 | €88,982 | €95,013 | +€6,031 | +6.8% |
| Deferred charges and accrued income | 490/1 | €16,342 | €19,048 | +€2,706 | +16.6% |
| Total equity and liabilities | 10/49 | €171,779 | €173,748 | +€1,969 | +1.1% |
| Equity | 10/15 | €100,418 | €109,514 | +€9,096 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,818 | €90,914 | +€9,096 | +11.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,958 | €89,054 | +€9,096 | +11.4% |
| Amounts payable | 17/49 | €71,361 | €64,234 | -€7,127 | -10.0% |
| Amounts payable after more than one year | 17 | €53,604 | €40,084 | -€13,520 | -25.2% |
| Financial debts | 170/4 | €53,604 | €40,084 | -€13,520 | -25.2% |
| Amounts payable within one year | 42/48 | €16,854 | €24,150 | +€7,296 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €12,992 | €13,520 | +€529 | +4.1% |
| Trade debts | 44 | €3,863 | €2,132 | -€1,731 | -44.8% |
| Suppliers | 440/4 | €3,863 | €2,132 | -€1,731 | -44.8% |
| Taxes, remuneration and social security | 45 | - | €8,498 | +€8,498 | |
| Taxes | 450/3 | - | €8,498 | +€8,498 | |
| Accrued charges and deferred income | 492/3 | €903 | - | -€903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,067 | €9,413 | -€653 | -6.5% |
| Other operating charges | 640/8 | €1,177 | €387 | -€790 | -67.1% |
| Gross operating margin | 9900 | €44,976 | €86,513 | +€41,537 | +92.4% |
| Operating profit (loss) | 9901 | €33,732 | €76,712 | +€42,980 | +127% |
| Financial income | 75/76B | €617 | €1,350 | +€733 | +119% |
| Recurring financial income | 75 | €617 | €1,350 | +€733 | +119% |
| Financial charges | 65/66B | €3,734 | €3,695 | -€39 | -1.1% |
| Recurring financial charges | 65 | €3,734 | €3,695 | -€39 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €30,615 | €74,367 | +€43,753 | +143% |
| Income taxes | 67/77 | €9,279 | €20,012 | +€10,733 | +116% |
| Profit (loss) for the period | 9904 | €21,335 | €54,355 | +€33,020 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €21,335 | €54,355 | +€33,020 | +155% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.