NSL SERVICES: 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.
NSL SERVICES
Largest movements
- Tangible fixed assets -€24,191
down €24,191 (-40.6%), from €59,617 to €35,426
of which Furniture and vehicles: -€23,595
- Receivables within one year +€21,748
up €21,748 (+60.6%), from €35,885 to €57,633
of which Other amounts receivable: +€25,490
- Cash +€2,278
new in 2025: €2,278
mainly Depreciation (+€24,191) and Trade debts (+€14,938)
- Trade debts +€14,938
up €14,938 (+1305.9%), from €1,144 to €16,082
- Other debts -€8,727
no longer reported in 2025 (was €8,727)
- Tax, wage and social debts -€4,584
down €4,584 (-49.6%), from €9,236 to €4,653
- Short-term financial debts -€2,642
no longer reported in 2025 (was €2,642)
- Gross operating margin -€23,748
down €23,748 (-47.4%), from €50,075 to €26,327
- Depreciation +€3,491
up €3,491 (+16.9%), from €20,700 to €24,191
- Taxes -€3,432
down €3,432 (-66.8%), from €5,136 to €1,704
- Financial income +€582
new in 2025: €582
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 | €97,954 | €97,191 | -€763 | -0.8% |
| Fixed assets | 21/28 | €59,617 | €35,426 | -€24,191 | -40.6% |
| Tangible fixed assets | 22/27 | €59,617 | €35,426 | -€24,191 | -40.6% |
| Furniture and vehicles | 24 | €57,234 | €33,639 | -€23,595 | -41.2% |
| Other tangible fixed assets | 26 | €2,383 | €1,787 | -€596 | -25.0% |
| Current assets | 29/58 | €38,337 | €61,765 | +€23,428 | +61.1% |
| Amounts receivable within one year | 40/41 | €35,885 | €57,633 | +€21,748 | +60.6% |
| Trade receivables | 40 | €32,021 | €28,279 | -€3,742 | -11.7% |
| Other amounts receivable | 41 | €3,864 | €29,354 | +€25,490 | +659.6% |
| Cash at bank and in hand | 54/58 | - | €2,278 | +€2,278 | |
| Deferred charges and accrued income | 490/1 | €2,452 | €1,854 | -€597 | -24.4% |
| Total equity and liabilities | 10/49 | €97,954 | €97,191 | -€763 | -0.8% |
| Equity | 10/15 | €76,205 | €76,457 | +€251 | +0.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,205 | €74,457 | +€251 | +0.3% |
| Amounts payable | 17/49 | €21,749 | €20,734 | -€1,014 | -4.7% |
| Amounts payable within one year | 42/48 | €21,749 | €20,734 | -€1,014 | -4.7% |
| Financial debts | 43 | €2,642 | - | -€2,642 | |
| Credit institutions | 430/8 | €2,642 | - | -€2,642 | |
| Trade debts | 44 | €1,144 | €16,082 | +€14,938 | +1305.9% |
| Suppliers | 440/4 | €1,144 | €16,082 | +€14,938 | +1305.9% |
| Taxes, remuneration and social security | 45 | €9,236 | €4,653 | -€4,584 | -49.6% |
| Taxes | 450/3 | €9,236 | €4,653 | -€4,584 | -49.6% |
| Other amounts payable | 47/48 | €8,727 | - | -€8,727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,700 | €24,191 | +€3,491 | +16.9% |
| Other operating charges | 640/8 | €497 | €697 | +€200 | +40.3% |
| Gross operating margin | 9900 | €50,075 | €26,327 | -€23,748 | -47.4% |
| Operating profit (loss) | 9901 | €28,878 | €1,439 | -€27,439 | -95.0% |
| Financial income | 75/76B | - | €582 | +€582 | |
| Recurring financial income | 75 | - | €582 | +€582 | |
| Financial charges | 65/66B | €73 | €66 | -€7 | -9.8% |
| Recurring financial charges | 65 | €73 | €66 | -€7 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €28,805 | €1,955 | -€26,850 | -93.2% |
| Income taxes | 67/77 | €5,136 | €1,704 | -€3,432 | -66.8% |
| Profit (loss) for the period | 9904 | €23,669 | €251 | -€23,418 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,669 | €251 | -€23,418 | -98.9% |
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 9 October 2026 via checked.be.