NTHB: 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.
NTHB
Largest movements
- Cash -€53,087
down €53,087 (-34.1%), from €155,527 to €102,440
mainly Net result for the year (-€70,229) and Debts after one year (-€20,037)
- Tangible fixed assets -€30,786
down €30,786 (-16.5%), from €186,327 to €155,541
of which Furniture and vehicles: -€67,489
- Receivables within one year -€7,352
down €7,352 (-9.2%), from €79,851 to €72,499
of which Other amounts receivable: -€5,475
- Profit (loss) carried forward -€70,229
down €70,229 (-38.5%), from €182,607 to €112,378
- Debts after one year -€20,037
down €20,037 (-26.0%), from €76,960 to €56,923
- Taxes +€51,828
no longer reported in 2025 (was -€51,828)
- Depreciation -€21,976
down €21,976 (-51.7%), from €42,468 to €20,492
- Gross operating margin +€18,008
up €18,008 (+36.3%), from -€49,563 to -€31,555
- Other operating charges +€6,722
up €6,722 (+69.8%), from €9,633 to €16,355
- Staff costs +€591
no longer reported in 2025 (was -€591)
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 | €425,311 | €334,070 | -€91,241 | -21.5% |
| Formation expenses | 20 | €969 | €709 | -€260 | -26.8% |
| Fixed assets | 21/28 | €186,377 | €155,591 | -€30,786 | -16.5% |
| Tangible fixed assets | 22/27 | €186,327 | €155,541 | -€30,786 | -16.5% |
| Land and buildings | 22 | €1,245 | €1,142 | -€103 | -8.3% |
| Plant, machinery and equipment | 23 | €814 | €497 | -€317 | -38.9% |
| Furniture and vehicles | 24 | €82,559 | €15,070 | -€67,489 | -81.7% |
| Other tangible fixed assets | 26 | €101,709 | €138,832 | +€37,123 | +36.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €237,965 | €177,770 | -€60,195 | -25.3% |
| Amounts receivable within one year | 40/41 | €79,851 | €72,499 | -€7,352 | -9.2% |
| Trade receivables | 40 | €2,150 | €273 | -€1,877 | -87.3% |
| Other amounts receivable | 41 | €77,701 | €72,226 | -€5,475 | -7.0% |
| Cash at bank and in hand | 54/58 | €155,527 | €102,440 | -€53,087 | -34.1% |
| Deferred charges and accrued income | 490/1 | €2,587 | €2,831 | +€244 | +9.4% |
| Total equity and liabilities | 10/49 | €425,311 | €334,070 | -€91,241 | -21.5% |
| Equity | 10/15 | €320,218 | €249,989 | -€70,229 | -21.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €75,611 | €75,611 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,611 | €5,611 | = | 0.0% |
| Legal reserve | 130 | €5,611 | €5,611 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,607 | €112,378 | -€70,229 | -38.5% |
| Amounts payable | 17/49 | €105,093 | €84,081 | -€21,012 | -20.0% |
| Amounts payable after more than one year | 17 | €76,960 | €56,923 | -€20,037 | -26.0% |
| Financial debts | 170/4 | €76,960 | €56,923 | -€20,037 | -26.0% |
| Amounts payable within one year | 42/48 | €26,163 | €25,179 | -€984 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €19,694 | €20,037 | +€343 | +1.7% |
| Trade debts | 44 | €6,452 | €4,076 | -€2,376 | -36.8% |
| Suppliers | 440/4 | €6,452 | €4,076 | -€2,376 | -36.8% |
| Advances received on contracts in progress | 46 | - | €1,043 | +€1,043 | |
| Taxes, remuneration and social security | 45 | €17 | €23 | +€6 | +35.3% |
| Taxes | 450/3 | €17 | €23 | +€6 | +35.3% |
| Accrued charges and deferred income | 492/3 | €1,970 | €1,979 | +€9 | +0.5% |
| Remuneration, social security and pensions | 62 | -€591 | - | +€591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,468 | €20,492 | -€21,976 | -51.7% |
| Other operating charges | 640/8 | €9,633 | €16,355 | +€6,722 | +69.8% |
| Gross operating margin | 9900 | -€49,563 | -€31,555 | +€18,008 | +36.3% |
| Operating profit (loss) | 9901 | -€101,073 | -€68,402 | +€32,671 | +32.3% |
| Financial income | 75/76B | €82 | €91 | +€9 | +11.0% |
| Recurring financial income | 75 | €82 | €91 | +€9 | +11.0% |
| Financial charges | 65/66B | €2,055 | €1,918 | -€137 | -6.7% |
| Recurring financial charges | 65 | €2,055 | €1,918 | -€137 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€103,046 | -€70,229 | +€32,817 | +31.8% |
| Income taxes | 67/77 | -€51,828 | - | +€51,828 | |
| Profit (loss) for the period | 9904 | -€51,218 | -€70,229 | -€19,011 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,218 | -€70,229 | -€19,011 | -37.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.