NT Build: 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.
NT Build
Largest movements
- Receivables within one year -€42,716
down €42,716 (-47.3%), from €90,278 to €47,562
of which Trade receivables: -€38,075
- Cash -€40,362
down €40,362 (-88.9%), from €45,397 to €5,035
mainly Trade debts (-€75,853) and Provisions (-€10,000)
- Deferred charges and accrued income -€2,766
down €2,766 (-100%), from €2,766 to €0
- Trade debts -€75,853
down €75,853 (-82.1%), from €92,424 to €16,571
- Provisions -€10,000
down €10,000 (-100%), from €10,000 to €0
- Short-term financial debts +€9,507
new in 2025: €9,507
- Profit (loss) carried forward -€8,723
down €8,723 (-52.3%), from €16,673 to €7,950
- Other debts -€2,321
down €2,321 (-100%), from €2,321 to €0
- Gross operating margin -€91,866
down €91,866, from €78,051 to -€13,814
- Staff costs -€64,388
down €64,388 (-98.1%), from €65,637 to €1,249
- Other operating charges -€29,659
down €29,659 (-96.2%), from €30,823 to €1,164
- Provisions -€10,000
down €10,000, from €0 to -€10,000
- Financial income -€7,599
down €7,599 (-77.8%), from €9,766 to €2,168
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 | €140,017 | €53,126 | -€86,891 | -62.1% |
| Fixed assets | 21/28 | €1,576 | €528 | -€1,048 | -66.5% |
| Tangible fixed assets | 22/27 | €1,576 | €528 | -€1,048 | -66.5% |
| Plant, machinery and equipment | 23 | €1,576 | €528 | -€1,048 | -66.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €138,441 | €52,598 | -€85,843 | -62.0% |
| Amounts receivable within one year | 40/41 | €90,278 | €47,562 | -€42,716 | -47.3% |
| Trade receivables | 40 | €85,593 | €47,518 | -€38,075 | -44.5% |
| Other amounts receivable | 41 | €4,685 | €45 | -€4,641 | -99.0% |
| Cash at bank and in hand | 54/58 | €45,397 | €5,035 | -€40,362 | -88.9% |
| Deferred charges and accrued income | 490/1 | €2,766 | €0 | -€2,766 | -100% |
| Total equity and liabilities | 10/49 | €140,017 | €53,126 | -€86,891 | -62.1% |
| Equity | 10/15 | €35,273 | €26,550 | -€8,723 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,673 | €7,950 | -€8,723 | -52.3% |
| Provisions and deferred taxes | 16 | €10,000 | €0 | -€10,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €0 | -€10,000 | -100% |
| Environmental obligations | 163 | €10,000 | - | -€10,000 | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Amounts payable | 17/49 | €94,745 | €26,576 | -€68,168 | -71.9% |
| Amounts payable within one year | 42/48 | €94,745 | €26,576 | -€68,168 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €9,507 | +€9,507 | |
| Credit institutions | 430/8 | - | €9,507 | +€9,507 | |
| Trade debts | 44 | €92,424 | €16,571 | -€75,853 | -82.1% |
| Suppliers | 440/4 | €92,424 | €16,571 | -€75,853 | -82.1% |
| Taxes, remuneration and social security | 45 | €0 | €499 | +€499 | |
| Taxes | 450/3 | €0 | €499 | +€499 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,321 | €0 | -€2,321 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €65,637 | €1,249 | -€64,388 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,163 | €1,048 | -€3,115 | -74.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €30,823 | €1,164 | -€29,659 | -96.2% |
| Non-recurring operating charges | 66A | €316 | €0 | -€316 | -100% |
| Gross operating margin | 9900 | €78,051 | -€13,814 | -€91,866 | |
| Operating profit (loss) | 9901 | -€22,887 | -€7,275 | +€15,612 | +68.2% |
| Financial income | 75/76B | €9,766 | €2,168 | -€7,599 | -77.8% |
| Recurring financial income | 75 | €9,766 | €2,168 | -€7,599 | -77.8% |
| Financial charges | 65/66B | €5,182 | €3,117 | -€2,065 | -39.9% |
| Recurring financial charges | 65 | €5,182 | €3,117 | -€2,065 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,303 | -€8,224 | +€10,079 | +55.1% |
| Income taxes | 67/77 | €0 | €499 | +€499 | |
| Profit (loss) for the period | 9904 | -€18,303 | -€8,723 | +€9,580 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,303 | -€8,723 | +€9,580 | +52.3% |
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 24 October 2026 via checked.be.