NUBIS: 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.
NUBIS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€109,285
up €109,285 (+12.9%), from €846,543 to €955,828
of which Distributable reserves: +€109,285
- Current portion of long-term debt -€69,853
down €69,853 (-76.1%), from €91,765 to €21,912
- Short-term financial debts -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Debts after one year -€12,344
down €12,344 (-33.2%), from €37,217 to €24,873
of which Financial debts: -€37,217
- Gross operating margin +€18,873
up €18,873 (+27.4%), from €68,894 to €87,767
- Financial income +€10,000
up €10,000 (+20.0%), from €50,000 to €60,001
- Taxes +€4,437
up €4,437 (+19.9%), from €22,260 to €26,697
- Staff costs +€3,234
new in 2025: €3,234
- Other operating charges +€1,978
up €1,978 (+3189.7%), from €62 to €2,040
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 | €1,173,331 | €1,170,841 | -€2,490 | -0.2% |
| Fixed assets | 21/28 | €1,154,000 | €1,154,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,154,000 | €1,154,000 | = | 0.0% |
| Current assets | 29/58 | €19,331 | €16,841 | -€2,490 | -12.9% |
| Amounts receivable within one year | 40/41 | €7,740 | €0 | -€7,740 | -100.0% |
| Other amounts receivable | 41 | €7,740 | €0 | -€7,740 | -100.0% |
| Current investments | 50/53 | - | €109 | +€109 | |
| Cash at bank and in hand | 54/58 | €7,354 | €11,894 | +€4,539 | +61.7% |
| Deferred charges and accrued income | 490/1 | €4,236 | €4,839 | +€602 | +14.2% |
| Total equity and liabilities | 10/49 | €1,173,331 | €1,170,841 | -€2,490 | -0.2% |
| Equity | 10/15 | €975,143 | €1,084,428 | +€109,285 | +11.2% |
| Contributions | 10/11 | €128,600 | €128,600 | = | 0.0% |
| Reserves | 13 | €846,543 | €955,828 | +€109,285 | +12.9% |
| Tax-exempt reserves | 132 | €14,317 | €14,317 | = | 0.0% |
| Distributable reserves | 133 | €832,226 | €941,511 | +€109,285 | +13.1% |
| Amounts payable | 17/49 | €198,188 | €86,414 | -€111,774 | -56.4% |
| Amounts payable after more than one year | 17 | €37,217 | €24,873 | -€12,344 | -33.2% |
| Financial debts | 170/4 | €37,217 | €0 | -€37,217 | -100.0% |
| Other amounts payable | 178/9 | - | €24,873 | +€24,873 | |
| Amounts payable within one year | 42/48 | €160,970 | €61,541 | -€99,430 | -61.8% |
| Current portion of amounts payable after more than one year | 42 | €91,765 | €21,912 | -€69,853 | -76.1% |
| Financial debts | 43 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Credit institutions | 430/8 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Trade debts | 44 | €6,217 | €7,546 | +€1,329 | +21.4% |
| Suppliers | 440/4 | €6,217 | €7,546 | +€1,329 | +21.4% |
| Taxes, remuneration and social security | 45 | €12,989 | €7,083 | -€5,906 | -45.5% |
| Taxes | 450/3 | €12,989 | €7,083 | -€5,906 | -45.5% |
| Remuneration, social security and pensions | 62 | - | €3,234 | +€3,234 | |
| Other operating charges | 640/8 | €62 | €2,040 | +€1,978 | +3189.7% |
| Gross operating margin | 9900 | €68,894 | €87,767 | +€18,873 | +27.4% |
| Operating profit (loss) | 9901 | €68,832 | €82,493 | +€13,661 | +19.8% |
| Financial income | 75/76B | €50,000 | €60,001 | +€10,000 | +20.0% |
| Recurring financial income | 75 | €50,000 | €60,001 | +€10,000 | +20.0% |
| Financial charges | 65/66B | €6,326 | €6,513 | +€187 | +3.0% |
| Recurring financial charges | 65 | €6,326 | €6,513 | +€187 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €112,506 | €135,981 | +€23,475 | +20.9% |
| Income taxes | 67/77 | €22,260 | €26,697 | +€4,437 | +19.9% |
| Profit (loss) for the period | 9904 | €90,246 | €109,285 | +€19,038 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,246 | €109,285 | +€19,038 | +21.1% |
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.