NUBOID: 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.
NUBOID
Largest movements
- Current investments +€100,263
new in 2025: €100,263
- Cash -€53,208
down €53,208 (-93.3%), from €57,021 to €3,812
mainly Current investments (-€100,263) and Other debts (-€12,112)
- Receivables within one year -€6,088
down €6,088 (-17.7%), from €34,485 to €28,397
of which Other amounts receivable: -€6,935
- Deferred charges and accrued income +€1,670
up €1,670 (+69.3%), from €2,409 to €4,079
- Reserves +€51,190
up €51,190 (+181.5%), from €28,207 to €79,398
- Other debts -€12,112
down €12,112 (-51.3%), from €23,604 to €11,491
- Tax, wage and social debts +€1,586
up €1,586 (+14.8%), from €10,719 to €12,305
- Gross operating margin +€55,113
up €55,113 (+247.5%), from €22,268 to €77,381
- Taxes +€17,830
up €17,830 (+672.3%), from €2,652 to €20,482
- Other operating charges -€8,332
down €8,332 (-91.1%), from €9,144 to €811
- Depreciation -€1,537
down €1,537 (-33.0%), from €4,661 to €3,124
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 | €108,639 | €149,894 | +€41,255 | +38.0% |
| Fixed assets | 21/28 | €14,725 | €13,343 | -€1,382 | -9.4% |
| Tangible fixed assets | 22/27 | €14,725 | €13,343 | -€1,382 | -9.4% |
| Land and buildings | 22 | €9,250 | €8,676 | -€574 | -6.2% |
| Furniture and vehicles | 24 | €5,475 | €4,667 | -€808 | -14.8% |
| Current assets | 29/58 | €93,914 | €136,551 | +€42,637 | +45.4% |
| Amounts receivable within one year | 40/41 | €34,485 | €28,397 | -€6,088 | -17.7% |
| Trade receivables | 40 | €27,104 | €27,951 | +€847 | +3.1% |
| Other amounts receivable | 41 | €7,381 | €446 | -€6,935 | -94.0% |
| Current investments | 50/53 | - | €100,263 | +€100,263 | |
| Cash at bank and in hand | 54/58 | €57,021 | €3,812 | -€53,208 | -93.3% |
| Deferred charges and accrued income | 490/1 | €2,409 | €4,079 | +€1,670 | +69.3% |
| Total equity and liabilities | 10/49 | €108,639 | €149,894 | +€41,255 | +38.0% |
| Equity | 10/15 | €72,319 | €123,509 | +€51,190 | +70.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,207 | €79,398 | +€51,190 | +181.5% |
| Distributable reserves | 133 | €28,207 | €79,398 | +€51,190 | +181.5% |
| Profit (loss) carried forward | 14 | €25,511 | €25,511 | = | 0.0% |
| Amounts payable | 17/49 | €36,321 | €26,385 | -€9,936 | -27.4% |
| Amounts payable within one year | 42/48 | €36,321 | €26,385 | -€9,936 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €769 | +€769 | |
| Credit institutions | 430/8 | - | €769 | +€769 | |
| Trade debts | 44 | €1,998 | €1,820 | -€178 | -8.9% |
| Suppliers | 440/4 | €1,998 | €1,820 | -€178 | -8.9% |
| Taxes, remuneration and social security | 45 | €10,719 | €12,305 | +€1,586 | +14.8% |
| Taxes | 450/3 | €10,719 | €12,305 | +€1,586 | +14.8% |
| Other amounts payable | 47/48 | €23,604 | €11,491 | -€12,112 | -51.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,661 | €3,124 | -€1,537 | -33.0% |
| Other operating charges | 640/8 | €9,144 | €811 | -€8,332 | -91.1% |
| Gross operating margin | 9900 | €22,268 | €77,381 | +€55,113 | +247.5% |
| Operating profit (loss) | 9901 | €8,463 | €73,446 | +€64,982 | +767.8% |
| Financial income | 75/76B | €133 | €316 | +€182 | +136.8% |
| Recurring financial income | 75 | €133 | €316 | +€182 | +136.8% |
| Financial charges | 65/66B | €1,884 | €1,256 | -€628 | -33.3% |
| Recurring financial charges | 65 | €1,884 | €1,256 | -€628 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €6,713 | €72,505 | +€65,793 | +980.1% |
| Income taxes | 67/77 | €2,652 | €20,482 | +€17,830 | +672.3% |
| Profit (loss) for the period | 9904 | €4,061 | €52,023 | +€47,963 | +1181.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,061 | €52,023 | +€47,963 | +1181.2% |
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 11 October 2026 via checked.be.