NUA MANAGEMENT: 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.
NUA MANAGEMENT
Largest movements
- Receivables within one year +€65,607
up €65,607 (+520%), from €12,627 to €78,233
of which Trade receivables: +€59,736
- Cash +€4,913
new in 2025: €4,913
mainly Tax, wage and social debts (+€28,160) and Debts after one year (+€27,388)
- Tax, wage and social debts +€28,160
up €28,160 (+274%), from €10,277 to €38,436
- Debts after one year +€27,388
up €27,388 (+51.5%), from €53,131 to €80,519
- Current portion of long-term debt +€9,634
up €9,634 (+114%), from €8,459 to €18,092
- Trade debts +€4,333
up €4,333 (+133%), from €3,267 to €7,600
- Financial income -€108,000
no longer reported in 2025 (was €108,000)
- Taxes -€8,767
down €8,767 (-87.8%), from €9,991 to €1,223
- Gross operating margin +€6,945
up €6,945 (+202%), from €3,432 to €10,376
- Financial charges +€6,513
up €6,513 (+544%), from €1,198 to €7,711
- Other operating charges +€436
new in 2025: €436
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 | €237,560 | €307,705 | +€70,145 | +29.5% |
| Formation expenses | 20 | €1,228 | €853 | -€375 | -30.5% |
| Fixed assets | 21/28 | €223,705 | €223,705 | = | 0.0% |
| Financial fixed assets | 28 | €223,705 | €223,705 | = | 0.0% |
| Current assets | 29/58 | €12,627 | €83,147 | +€70,520 | +558% |
| Amounts receivable within one year | 40/41 | €12,627 | €78,233 | +€65,607 | +520% |
| Trade receivables | 40 | €595 | €60,331 | +€59,736 | +10,039% |
| Other amounts receivable | 41 | €12,032 | €17,903 | +€5,871 | +48.8% |
| Cash at bank and in hand | 54/58 | - | €4,913 | +€4,913 | |
| Total equity and liabilities | 10/49 | €237,560 | €307,705 | +€70,145 | +29.5% |
| Equity | 10/15 | €99,972 | €100,602 | +€630 | +0.6% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,972 | €5,602 | +€630 | +12.7% |
| Amounts payable | 17/49 | €137,588 | €207,103 | +€69,515 | +50.5% |
| Amounts payable after more than one year | 17 | €53,131 | €80,519 | +€27,388 | +51.5% |
| Financial debts | 170/4 | €53,131 | €80,519 | +€27,388 | +51.5% |
| Amounts payable within one year | 42/48 | €84,457 | €126,584 | +€42,127 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €8,459 | €18,092 | +€9,634 | +114% |
| Trade debts | 44 | €3,267 | €7,600 | +€4,333 | +133% |
| Suppliers | 440/4 | €3,267 | €7,600 | +€4,333 | +133% |
| Taxes, remuneration and social security | 45 | €10,277 | €38,436 | +€28,160 | +274% |
| Taxes | 450/3 | €10,277 | €38,436 | +€28,160 | +274% |
| Other amounts payable | 47/48 | €62,455 | €62,455 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €375 | +€103 | +38.1% |
| Other operating charges | 640/8 | - | €436 | +€436 | |
| Gross operating margin | 9900 | €3,432 | €10,376 | +€6,945 | +202% |
| Operating profit (loss) | 9901 | €3,160 | €9,565 | +€6,405 | +203% |
| Financial income | 75/76B | €108,000 | - | -€108,000 | |
| Recurring financial income | 75 | €108,000 | - | -€108,000 | |
| Financial charges | 65/66B | €1,198 | €7,711 | +€6,513 | +544% |
| Recurring financial charges | 65 | €1,198 | €7,711 | +€6,513 | +544% |
| Profit (loss) for the period before taxes | 9903 | €109,962 | €1,854 | -€108,108 | -98.3% |
| Income taxes | 67/77 | €9,991 | €1,223 | -€8,767 | -87.8% |
| Profit (loss) for the period | 9904 | €99,972 | €630 | -€99,341 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,972 | €630 | -€99,341 | -99.4% |
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 17 October 2026 via checked.be.