NUTS ABOUT NUTS: 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.
NUTS ABOUT NUTS
Largest movements
- Cash +€13,581
up €13,581 (+3.5%), from €388,668 to €402,249
mainly Net result for the year (+€24,742) and Depreciation (+€12,029)
- Receivables within one year -€8,545
down €8,545 (-76.8%), from €11,131 to €2,586
of which Other amounts receivable: -€6,561
- Stocks and contracts +€6,894
up €6,894 (+24.1%), from €28,622 to €35,516
- Reserves +€25,742
up €25,742 (+27.7%), from €92,869 to €118,610
- Trade debts -€7,468
down €7,468 (-37.2%), from €20,096 to €12,628
- Tax, wage and social debts -€5,831
down €5,831 (-70.3%), from €8,298 to €2,467
of which Remuneration and social security: -€5,183
- Financial income -€74,971
down €74,971 (-100.0%), from €75,003 to €32
of which Non-recurring financial income: -€75,000
- Gross operating margin +€31,421
up €31,421 (+41.3%), from €76,095 to €107,517
- Staff costs +€10,010
up €10,010 (+24.3%), from €41,118 to €51,128
- Taxes +€6,561
up €6,561 (+107%), from €6,145 to €12,706
- Depreciation +€2,588
up €2,588 (+27.4%), from €9,441 to €12,029
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 | €447,455 | €455,269 | +€7,813 | +1.7% |
| Fixed assets | 21/28 | €19,034 | €14,917 | -€4,117 | -21.6% |
| Tangible fixed assets | 22/27 | €18,293 | €14,176 | -€4,117 | -22.5% |
| Land and buildings | 22 | €12,768 | €3,798 | -€8,970 | -70.3% |
| Plant, machinery and equipment | 23 | €4,766 | €5,686 | +€919 | +19.3% |
| Furniture and vehicles | 24 | €758 | €4,692 | +€3,934 | +519% |
| Financial fixed assets | 28 | €741 | €741 | = | 0.0% |
| Current assets | 29/58 | €428,421 | €440,352 | +€11,930 | +2.8% |
| Stocks and contracts in progress | 3 | €28,622 | €35,516 | +€6,894 | +24.1% |
| Stocks | 30/36 | €28,622 | €35,516 | +€6,894 | +24.1% |
| Amounts receivable within one year | 40/41 | €11,131 | €2,586 | -€8,545 | -76.8% |
| Trade receivables | 40 | €2,261 | €277 | -€1,984 | -87.8% |
| Other amounts receivable | 41 | €8,870 | €2,309 | -€6,561 | -74.0% |
| Cash at bank and in hand | 54/58 | €388,668 | €402,249 | +€13,581 | +3.5% |
| Total equity and liabilities | 10/49 | €447,455 | €455,269 | +€7,813 | +1.7% |
| Equity | 10/15 | €152,469 | €177,210 | +€24,742 | +16.2% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €92,869 | €118,610 | +€25,742 | +27.7% |
| Distributable reserves | 133 | €92,869 | €118,610 | +€25,742 | +27.7% |
| Profit (loss) carried forward | 14 | €1,000 | €0 | -€1,000 | -100% |
| Amounts payable | 17/49 | €294,987 | €278,059 | -€16,928 | -5.7% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,546 | €178,059 | -€15,488 | -8.0% |
| Trade debts | 44 | €20,096 | €12,628 | -€7,468 | -37.2% |
| Suppliers | 440/4 | €20,096 | €12,628 | -€7,468 | -37.2% |
| Taxes, remuneration and social security | 45 | €8,298 | €2,467 | -€5,831 | -70.3% |
| Taxes | 450/3 | €3,115 | €2,467 | -€648 | -20.8% |
| Remuneration and social security | 454/9 | €5,183 | €0 | -€5,183 | -100% |
| Other amounts payable | 47/48 | €165,153 | €162,964 | -€2,189 | -1.3% |
| Accrued charges and deferred income | 492/3 | €1,440 | - | -€1,440 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €41,118 | €51,128 | +€10,010 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,441 | €12,029 | +€2,588 | +27.4% |
| Other operating charges | 640/8 | €7,145 | €6,573 | -€572 | -8.0% |
| Gross operating margin | 9900 | €76,095 | €107,517 | +€31,421 | +41.3% |
| Operating profit (loss) | 9901 | €18,391 | €37,786 | +€19,395 | +105% |
| Financial income | 75/76B | €75,003 | €32 | -€74,971 | -100.0% |
| Recurring financial income | 75 | €3 | €32 | +€29 | +915% |
| Non-recurring financial income | 76B | €75,000 | - | -€75,000 | |
| Financial charges | 65/66B | €241 | €371 | +€130 | +54.2% |
| Recurring financial charges | 65 | €241 | €371 | +€130 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €93,154 | €37,448 | -€55,706 | -59.8% |
| Income taxes | 67/77 | €6,145 | €12,706 | +€6,561 | +107% |
| Profit (loss) for the period | 9904 | €87,009 | €24,742 | -€62,267 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,009 | €24,742 | -€62,267 | -71.6% |
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 27 October 2026 via checked.be.