NT-Travaux: 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-Travaux
Largest movements
- Tangible fixed assets +€10,267
up €10,267 (+208%), from €4,943 to €15,209
of which Plant, machinery and equipment: +€9,171
- Cash +€6,335
up €6,335 (+1,212%), from €523 to €6,858
mainly Other debts (+€21,355) and Trade debts (+€5,730)
- Deferred charges and accrued income +€5,406
up €5,406 (+708%), from €764 to €6,169
- Receivables within one year -€2,233
down €2,233 (-14.3%), from €15,672 to €13,439
of which Trade receivables: -€3,256
- Other debts +€21,355
up €21,355 (+190%), from €11,248 to €32,603
- Trade debts +€5,730
up €5,730 (+480%), from €1,194 to €6,924
- Reserves -€3,840
no longer reported in 2025 (was €3,840)
- Advances received -€3,060
no longer reported in 2025 (was €3,060)
- Gross operating margin -€4,541
down €4,541 (-83.3%), from €5,448 to €908
- Depreciation +€2,808
up €2,808 (+845%), from €332 to €3,140
- Financial charges +€1,600
up €1,600 (+2,697%), from €59 to €1,660
- Taxes -€1,175
no longer reported in 2025 (was €1,175)
- Other operating charges +€154
up €154 (+367%), from €42 to €195
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 | €22,205 | €41,979 | +€19,774 | +89.1% |
| Fixed assets | 21/28 | €5,246 | €15,512 | +€10,267 | +196% |
| Tangible fixed assets | 22/27 | €4,943 | €15,209 | +€10,267 | +208% |
| Plant, machinery and equipment | 23 | €4,943 | €14,113 | +€9,171 | +186% |
| Furniture and vehicles | 24 | - | €1,096 | +€1,096 | |
| Financial fixed assets | 28 | €303 | €303 | = | 0.0% |
| Current assets | 29/58 | €16,959 | €26,466 | +€9,507 | +56.1% |
| Amounts receivable within one year | 40/41 | €15,672 | €13,439 | -€2,233 | -14.3% |
| Trade receivables | 40 | €15,578 | €12,323 | -€3,256 | -20.9% |
| Other amounts receivable | 41 | €94 | €1,116 | +€1,022 | +1,087% |
| Cash at bank and in hand | 54/58 | €523 | €6,858 | +€6,335 | +1,212% |
| Deferred charges and accrued income | 490/1 | €764 | €6,169 | +€5,406 | +708% |
| Total equity and liabilities | 10/49 | €22,205 | €41,979 | +€19,774 | +89.1% |
| Equity | 10/15 | €5,340 | €1,258 | -€4,083 | -76.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €3,840 | - | -€3,840 | |
| Distributable reserves | 133 | €3,840 | - | -€3,840 | |
| Profit (loss) carried forward | 14 | - | -€242 | -€242 | |
| Amounts payable | 17/49 | €16,864 | €40,721 | +€23,857 | +141% |
| Amounts payable within one year | 42/48 | €16,827 | €40,702 | +€23,875 | +142% |
| Trade debts | 44 | €1,194 | €6,924 | +€5,730 | +480% |
| Suppliers | 440/4 | €1,194 | €6,924 | +€5,730 | +480% |
| Advances received on contracts in progress | 46 | €3,060 | - | -€3,060 | |
| Taxes, remuneration and social security | 45 | €1,325 | €1,175 | -€150 | -11.3% |
| Taxes | 450/3 | €1,325 | €1,175 | -€150 | -11.3% |
| Other amounts payable | 47/48 | €11,248 | €32,603 | +€21,355 | +190% |
| Accrued charges and deferred income | 492/3 | €37 | €19 | -€18 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €3,140 | +€2,808 | +845% |
| Other operating charges | 640/8 | €42 | €195 | +€154 | +367% |
| Gross operating margin | 9900 | €5,448 | €908 | -€4,541 | -83.3% |
| Operating profit (loss) | 9901 | €5,074 | -€2,428 | -€7,502 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €59 | €1,660 | +€1,600 | +2,697% |
| Recurring financial charges | 65 | €59 | €1,660 | +€1,600 | +2,697% |
| Profit (loss) for the period before taxes | 9903 | €5,015 | -€4,083 | -€9,098 | |
| Income taxes | 67/77 | €1,175 | - | -€1,175 | |
| Profit (loss) for the period | 9904 | €3,840 | -€4,083 | -€7,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,840 | -€4,083 | -€7,923 |
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 31 October 2026 via checked.be.