Nu3guts: what changed
Two fiscal 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.
Nu3guts
Largest movements
- Receivables within one year +€588,479
up €588,479 (+70.3%), from €837,218 to €1.4m
of which Trade receivables: +€492,196
- Stocks and contracts +€172,580
up €172,580 (+218.7%), from €78,902 to €251,483
- Cash -€105,037
down €105,037 (-13.3%), from €787,582 to €682,544
mainly Contributions, distributions and other (-€1.8m) and Receivables within one year (-€588,479)
- Other debts +€934,227
up €934,227 (+116.7%), from €800,358 to €1.7m
- Reserves -€640,562
down €640,562 (-84.1%), from €761,355 to €120,793
of which Distributable reserves: -€592,794
- Trade debts +€393,848
up €393,848 (+411.4%), from €95,735 to €489,583
- Tax, wage and social debts -€26,834
no longer reported in 2025 (was €26,834)
- Gross operating margin +€396,995
up €396,995 (+47.2%), from €841,705 to €1.2m
- Taxes -€12,611
down €12,611 (-16.0%), from €78,834 to €66,223
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.
Cash bridge derived
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 | €1,705,382 | €2,363,561 | +€658,179 | +38.6% |
| Fixed assets | 21/28 | €1,680 | €3,837 | +€2,157 | +128.4% |
| Tangible fixed assets | 22/27 | €1,680 | €3,837 | +€2,157 | +128.4% |
| Furniture and vehicles | 24 | €1,680 | €3,837 | +€2,157 | +128.4% |
| Current assets | 29/58 | €1,703,702 | €2,359,724 | +€656,022 | +38.5% |
| Stocks and contracts in progress | 3 | €78,902 | €251,483 | +€172,580 | +218.7% |
| Stocks | 30/36 | €78,902 | €251,483 | +€172,580 | +218.7% |
| Amounts receivable within one year | 40/41 | €837,218 | €1,425,697 | +€588,479 | +70.3% |
| Trade receivables | 40 | €817,377 | €1,309,574 | +€492,196 | +60.2% |
| Other amounts receivable | 41 | €19,841 | €116,124 | +€96,283 | +485.3% |
| Cash at bank and in hand | 54/58 | €787,582 | €682,544 | -€105,037 | -13.3% |
| Total equity and liabilities | 10/49 | €1,705,382 | €2,363,561 | +€658,179 | +38.6% |
| Equity | 10/15 | €779,955 | €139,393 | -€640,562 | -82.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €761,355 | €120,793 | -€640,562 | -84.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,768 | - | -€47,768 | |
| Distributable reserves | 133 | €711,727 | €118,933 | -€592,794 | -83.3% |
| Amounts payable | 17/49 | €925,427 | €2,224,168 | +€1.3m | +140.3% |
| Amounts payable within one year | 42/48 | €922,927 | €2,224,168 | +€1.3m | +141.0% |
| Trade debts | 44 | €95,735 | €489,583 | +€393,848 | +411.4% |
| Suppliers | 440/4 | €95,735 | €489,583 | +€393,848 | +411.4% |
| Taxes, remuneration and social security | 45 | €26,834 | - | -€26,834 | |
| Taxes | 450/3 | €26,834 | - | -€26,834 | |
| Other amounts payable | 47/48 | €800,358 | €1,734,585 | +€934,227 | +116.7% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €669 | €924 | +€255 | +38.2% |
| Gross operating margin | 9900 | €841,705 | €1,238,700 | +€396,995 | +47.2% |
| Operating profit (loss) | 9901 | €841,036 | €1,237,776 | +€396,740 | +47.2% |
| Financial income | 75/76B | €414 | €794 | +€381 | +92.1% |
| Recurring financial income | 75 | €414 | €794 | +€381 | +92.1% |
| Financial charges | 65/66B | €12,371 | €2,909 | -€9,463 | -76.5% |
| Recurring financial charges | 65 | €12,371 | €2,909 | -€9,463 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €829,078 | €1,235,661 | +€406,583 | +49.0% |
| Income taxes | 67/77 | €78,834 | €66,223 | -€12,611 | -16.0% |
| Profit (loss) for the period | 9904 | €750,243 | €1,169,438 | +€419,195 | +55.9% |
| Transfer from tax-exempt reserves | 789 | €638,087 | €47,768 | -€590,319 | -92.5% |
| Transfer to tax-exempt reserves | 689 | €47,768 | - | -€47,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,340,562 | €1,217,206 | -€123,356 | -9.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.