NT Law: 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 Law
Largest movements
- Cash -€67,343
down €67,343 (-73.9%), from €91,179 to €23,836
mainly Contributions, distributions and other (-€170,000) and Investment in fixed assets (net) (-€12,005)
- Receivables within one year -€37,636
down €37,636 (-81.7%), from €46,070 to €8,434
- Tangible fixed assets +€10,466
up €10,466 (+279%), from €3,758 to €14,224
- Deferred charges and accrued income -€2,004
down €2,004 (-43.6%), from €4,601 to €2,597
- Reserves -€110,000
down €110,000 (-84.6%), from €130,000 to €20,000
- Tax, wage and social debts +€14,584
up €14,584 (+167%), from €8,728 to €23,311
- Accrued charges and deferred income -€2,645
down €2,645 (-75.1%), from €3,524 to €879
- Profit (loss) carried forward +€2,041
up €2,041 (+166%), from €1,232 to €3,274
- Gross operating margin +€13,555
up €13,555 (+19.7%), from €68,886 to €82,440
- Taxes +€3,471
up €3,471 (+23.8%), from €14,572 to €18,043
- Depreciation +€1,481
up €1,481 (+2,550%), from €58 to €1,539
- Other operating charges -€1,214
down €1,214 (-72.3%), from €1,680 to €465
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 | €145,608 | €49,091 | -€96,517 | -66.3% |
| Fixed assets | 21/28 | €3,758 | €14,224 | +€10,466 | +279% |
| Tangible fixed assets | 22/27 | €3,758 | €14,224 | +€10,466 | +279% |
| Land and buildings | 22 | €3,327 | €7,800 | +€4,474 | +134% |
| Plant, machinery and equipment | 23 | - | €769 | +€769 | |
| Furniture and vehicles | 24 | €431 | €5,655 | +€5,224 | +1,211% |
| Current assets | 29/58 | €141,850 | €34,867 | -€106,983 | -75.4% |
| Amounts receivable within one year | 40/41 | €46,070 | €8,434 | -€37,636 | -81.7% |
| Other amounts receivable | 41 | €46,070 | €8,434 | -€37,636 | -81.7% |
| Cash at bank and in hand | 54/58 | €91,179 | €23,836 | -€67,343 | -73.9% |
| Deferred charges and accrued income | 490/1 | €4,601 | €2,597 | -€2,004 | -43.6% |
| Total equity and liabilities | 10/49 | €145,608 | €49,091 | -€96,517 | -66.3% |
| Equity | 10/15 | €132,232 | €24,274 | -€107,959 | -81.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €20,000 | -€110,000 | -84.6% |
| Distributable reserves | 133 | €130,000 | €20,000 | -€110,000 | -84.6% |
| Profit (loss) carried forward | 14 | €1,232 | €3,274 | +€2,041 | +166% |
| Amounts payable | 17/49 | €13,375 | €24,818 | +€11,442 | +85.5% |
| Amounts payable within one year | 42/48 | €9,852 | €23,939 | +€14,087 | +143% |
| Trade debts | 44 | €1,124 | €627 | -€497 | -44.2% |
| Suppliers | 440/4 | €1,124 | €627 | -€497 | -44.2% |
| Taxes, remuneration and social security | 45 | €8,728 | €23,311 | +€14,584 | +167% |
| Taxes | 450/3 | €8,728 | €23,311 | +€14,584 | +167% |
| Accrued charges and deferred income | 492/3 | €3,524 | €879 | -€2,645 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58 | €1,539 | +€1,481 | +2,550% |
| Other operating charges | 640/8 | €1,680 | €465 | -€1,214 | -72.3% |
| Gross operating margin | 9900 | €68,886 | €82,440 | +€13,555 | +19.7% |
| Operating profit (loss) | 9901 | €67,148 | €80,436 | +€13,288 | +19.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €276 | €352 | +€76 | +27.4% |
| Recurring financial charges | 65 | €276 | €352 | +€76 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €66,872 | €80,084 | +€13,213 | +19.8% |
| Income taxes | 67/77 | €14,572 | €18,043 | +€3,471 | +23.8% |
| Profit (loss) for the period | 9904 | €52,300 | €62,041 | +€9,741 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,300 | €62,041 | +€9,741 | +18.6% |
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 20 October 2026 via checked.be.