NuBus: 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.
NuBus
Largest movements
- Cash +€101,656
up €101,656 (+15.7%), from €647,868 to €749,524
mainly Net result for the year (+€178,888) and Other debts (+€150,000)
- Tangible fixed assets -€38,050
down €38,050 (-32.8%), from €116,058 to €78,007
of which Furniture and vehicles: -€28,784
- Current investments +€32,500
up €32,500 (+130%), from €25,000 to €57,500
- Receivables within one year +€20,541
up €20,541 (+7.3%), from €279,950 to €300,491
of which Trade receivables: +€20,507
- Stocks and contracts -€13,223
down €13,223 (-86.9%), from €15,223 to €2,000
- Other debts +€150,000
up €150,000 (+300%), from €50,000 to €200,000
- Trade debts -€42,602
down €42,602 (-31.3%), from €135,991 to €93,389
- Profit (loss) carried forward -€21,112
down €21,112 (-3.6%), from €589,681 to €568,569
- Tax, wage and social debts +€14,429
up €14,429 (+13.0%), from €110,654 to €125,083
of which Remuneration and social security: +€7,872
- Gross operating margin -€165,743
down €165,743 (-23.3%), from €711,737 to €545,994
- Staff costs +€54,796
up €54,796 (+26.6%), from €205,659 to €260,454
- Taxes -€49,921
down €49,921 (-43.8%), from €114,021 to €64,100
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 | €1,088,475 | €1,189,189 | +€100,715 | +9.3% |
| Fixed assets | 21/28 | €116,058 | €78,007 | -€38,050 | -32.8% |
| Tangible fixed assets | 22/27 | €116,058 | €78,007 | -€38,050 | -32.8% |
| Plant, machinery and equipment | 23 | €3,867 | €3,094 | -€774 | -20.0% |
| Furniture and vehicles | 24 | €55,314 | €26,529 | -€28,784 | -52.0% |
| Other tangible fixed assets | 26 | €56,877 | €48,385 | -€8,492 | -14.9% |
| Current assets | 29/58 | €972,417 | €1,111,182 | +€138,765 | +14.3% |
| Stocks and contracts in progress | 3 | €15,223 | €2,000 | -€13,223 | -86.9% |
| Stocks | 30/36 | €15,223 | €2,000 | -€13,223 | -86.9% |
| Amounts receivable within one year | 40/41 | €279,950 | €300,491 | +€20,541 | +7.3% |
| Trade receivables | 40 | €279,908 | €300,414 | +€20,507 | +7.3% |
| Other amounts receivable | 41 | €42 | €77 | +€35 | +82.1% |
| Current investments | 50/53 | €25,000 | €57,500 | +€32,500 | +130% |
| Cash at bank and in hand | 54/58 | €647,868 | €749,524 | +€101,656 | +15.7% |
| Deferred charges and accrued income | 490/1 | €4,376 | €1,667 | -€2,709 | -61.9% |
| Total equity and liabilities | 10/49 | €1,088,475 | €1,189,189 | +€100,715 | +9.3% |
| Equity | 10/15 | €791,829 | €770,717 | -€21,112 | -2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €182,148 | €182,148 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,500 | €77,500 | = | 0.0% |
| Distributable reserves | 133 | €104,648 | €104,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €589,681 | €568,569 | -€21,112 | -3.6% |
| Amounts payable | 17/49 | €296,646 | €418,472 | +€121,827 | +41.1% |
| Amounts payable within one year | 42/48 | €296,646 | €418,472 | +€121,827 | +41.1% |
| Trade debts | 44 | €135,991 | €93,389 | -€42,602 | -31.3% |
| Suppliers | 440/4 | €135,991 | €93,389 | -€42,602 | -31.3% |
| Taxes, remuneration and social security | 45 | €110,654 | €125,083 | +€14,429 | +13.0% |
| Taxes | 450/3 | €67,381 | €73,937 | +€6,556 | +9.7% |
| Remuneration and social security | 454/9 | €43,273 | €51,146 | +€7,872 | +18.2% |
| Other amounts payable | 47/48 | €50,000 | €200,000 | +€150,000 | +300% |
| Remuneration, social security and pensions | 62 | €205,659 | €260,454 | +€54,796 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,338 | €44,925 | +€5,586 | +14.2% |
| Other operating charges | 640/8 | €1,981 | €2,262 | +€281 | +14.2% |
| Gross operating margin | 9900 | €711,737 | €545,994 | -€165,743 | -23.3% |
| Operating profit (loss) | 9901 | €464,759 | €238,353 | -€226,406 | -48.7% |
| Financial income | 75/76B | €114 | €6,352 | +€6,237 | +5,461% |
| Recurring financial income | 75 | €114 | €6,352 | +€6,237 | +5,461% |
| Financial charges | 65/66B | €2,568 | €1,717 | -€852 | -33.2% |
| Recurring financial charges | 65 | €2,568 | €1,717 | -€852 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €462,305 | €242,988 | -€219,317 | -47.4% |
| Income taxes | 67/77 | €114,021 | €64,100 | -€49,921 | -43.8% |
| Profit (loss) for the period | 9904 | €348,284 | €178,888 | -€169,396 | -48.6% |
| Transfer to tax-exempt reserves | 689 | €77,500 | €0 | -€77,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €270,784 | €178,888 | -€91,896 | -33.9% |
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.