NTB: 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.
NTB
Largest movements
- Stocks and contracts +€17,462
up €17,462 (+70.8%), from €24,660 to €42,122
- Cash +€5,972
up €5,972 (+47.6%), from €12,555 to €18,527
mainly Net result for the year (+€23,588) and Tax, wage and social debts (+€1,619)
- Receivables within one year +€1,422
up €1,422 (+13.6%), from €10,455 to €11,877
of which Other amounts receivable: +€2,155
- Tangible fixed assets -€1,022
down €1,022 (-25.5%), from €4,002 to €2,980
- Profit (loss) carried forward +€23,588
up €23,588 (+126%), from €18,695 to €42,283
- Trade debts -€1,681
down €1,681 (-19.4%), from €8,666 to €6,985
- Tax, wage and social debts +€1,619
up €1,619 (+22.8%), from €7,088 to €8,707
of which Taxes: +€2,663
- Staff costs -€24,911
down €24,911 (-53.5%), from €46,592 to €21,681
- Gross operating margin -€10,050
down €10,050 (-15.0%), from €67,091 to €57,041
- Taxes +€3,325
up €3,325 (+73.3%), from €4,538 to €7,863
- Financial charges +€966
up €966 (+94.5%), from €1,022 to €1,988
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 | €53,049 | €76,575 | +€23,526 | +44.3% |
| Fixed assets | 21/28 | €4,457 | €3,435 | -€1,022 | -22.9% |
| Tangible fixed assets | 22/27 | €4,002 | €2,980 | -€1,022 | -25.5% |
| Plant, machinery and equipment | 23 | €4,002 | €2,980 | -€1,022 | -25.5% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €48,592 | €73,140 | +€24,548 | +50.5% |
| Stocks and contracts in progress | 3 | €24,660 | €42,122 | +€17,462 | +70.8% |
| Stocks | 30/36 | €24,660 | €42,122 | +€17,462 | +70.8% |
| Amounts receivable within one year | 40/41 | €10,455 | €11,877 | +€1,422 | +13.6% |
| Trade receivables | 40 | €10,455 | €9,722 | -€733 | -7.0% |
| Other amounts receivable | 41 | - | €2,155 | +€2,155 | |
| Cash at bank and in hand | 54/58 | €12,555 | €18,527 | +€5,972 | +47.6% |
| Deferred charges and accrued income | 490/1 | €922 | €614 | -€308 | -33.4% |
| Total equity and liabilities | 10/49 | €53,049 | €76,575 | +€23,526 | +44.3% |
| Equity | 10/15 | €37,295 | €60,883 | +€23,588 | +63.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,695 | €42,283 | +€23,588 | +126% |
| Amounts payable | 17/49 | €15,754 | €15,692 | -€62 | -0.4% |
| Amounts payable within one year | 42/48 | €15,754 | €15,692 | -€62 | -0.4% |
| Trade debts | 44 | €8,666 | €6,985 | -€1,681 | -19.4% |
| Suppliers | 440/4 | €8,666 | €6,985 | -€1,681 | -19.4% |
| Taxes, remuneration and social security | 45 | €7,088 | €8,707 | +€1,619 | +22.8% |
| Taxes | 450/3 | €5,022 | €7,685 | +€2,663 | +53.0% |
| Remuneration and social security | 454/9 | €2,066 | €1,022 | -€1,044 | -50.5% |
| Remuneration, social security and pensions | 62 | €46,592 | €21,681 | -€24,911 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,022 | €1,022 | = | 0.0% |
| Other operating charges | 640/8 | €304 | €899 | +€595 | +196% |
| Gross operating margin | 9900 | €67,091 | €57,041 | -€10,050 | -15.0% |
| Operating profit (loss) | 9901 | €19,173 | €33,439 | +€14,266 | +74.4% |
| Financial charges | 65/66B | €1,022 | €1,988 | +€966 | +94.5% |
| Recurring financial charges | 65 | €1,022 | €1,988 | +€966 | +94.5% |
| Profit (loss) for the period before taxes | 9903 | €18,151 | €31,451 | +€13,300 | +73.3% |
| Income taxes | 67/77 | €4,538 | €7,863 | +€3,325 | +73.3% |
| Profit (loss) for the period | 9904 | €13,613 | €23,588 | +€9,975 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,613 | €23,588 | +€9,975 | +73.3% |
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 15 October 2026 via checked.be.