NYLS: 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.
NYLS
Largest movements
- Tangible fixed assets +€59,833
up €59,833 (+82.3%), from €72,741 to €132,574
of which Assets under construction and advance payments: +€44,000
- Cash -€56,281
down €56,281 (-48.4%), from €116,167 to €59,886
mainly Investment in fixed assets (net) (-€101,319) and Trade debts (-€20,681)
- Receivables within one year -€37,927
down €37,927 (-77.2%), from €49,156 to €11,229
of which Trade receivables: -€28,130
- Stocks and contracts +€19,187
up €19,187 (+16.0%), from €120,277 to €139,464
- Intangible fixed assets +€5,721
up €5,721 (+16.8%), from €33,968 to €39,690
- Profit (loss) carried forward +€21,717
up €21,717 (+13.4%), from €161,577 to €183,294
- Trade debts -€20,681
down €20,681 (-24.3%), from €85,159 to €64,479
- Tax, wage and social debts -€7,482
down €7,482 (-11.7%), from €63,742 to €56,260
of which Taxes: -€8,762
- Debts after one year +€5,128
up €5,128 (+10.8%), from €47,693 to €52,820
- Gross operating margin +€23,080
up €23,080 (+17.9%), from €129,283 to €152,363
- Staff costs +€19,066
up €19,066 (+29.3%), from €65,126 to €84,193
- Depreciation +€4,589
up €4,589 (+16.3%), from €28,131 to €32,720
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 | €404,459 | €400,075 | -€4,384 | -1.1% |
| Fixed assets | 21/28 | €113,045 | €181,644 | +€68,599 | +60.7% |
| Intangible fixed assets | 21 | €33,968 | €39,690 | +€5,721 | +16.8% |
| Tangible fixed assets | 22/27 | €72,741 | €132,574 | +€59,833 | +82.3% |
| Furniture and vehicles | 24 | €11,801 | €37,855 | +€26,054 | +221% |
| Other tangible fixed assets | 26 | €60,940 | €50,719 | -€10,221 | -16.8% |
| Assets under construction and advance payments | 27 | - | €44,000 | +€44,000 | |
| Financial fixed assets | 28 | €6,335 | €9,380 | +€3,045 | +48.1% |
| Current assets | 29/58 | €291,414 | €218,431 | -€72,983 | -25.0% |
| Stocks and contracts in progress | 3 | €120,277 | €139,464 | +€19,187 | +16.0% |
| Stocks | 30/36 | €120,277 | €139,464 | +€19,187 | +16.0% |
| Amounts receivable within one year | 40/41 | €49,156 | €11,229 | -€37,927 | -77.2% |
| Trade receivables | 40 | €30,531 | €2,402 | -€28,130 | -92.1% |
| Other amounts receivable | 41 | €18,625 | €8,827 | -€9,797 | -52.6% |
| Cash at bank and in hand | 54/58 | €116,167 | €59,886 | -€56,281 | -48.4% |
| Deferred charges and accrued income | 490/1 | €5,815 | €7,852 | +€2,037 | +35.0% |
| Total equity and liabilities | 10/49 | €404,459 | €400,075 | -€4,384 | -1.1% |
| Equity | 10/15 | €187,054 | €207,494 | +€20,440 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €161,577 | €183,294 | +€21,717 | +13.4% |
| Investment grants | 15 | €5,017 | €3,739 | -€1,278 | -25.5% |
| Amounts payable | 17/49 | €217,405 | €192,581 | -€24,823 | -11.4% |
| Amounts payable after more than one year | 17 | €47,693 | €52,820 | +€5,128 | +10.8% |
| Financial debts | 170/4 | €47,693 | €52,820 | +€5,128 | +10.8% |
| Amounts payable within one year | 42/48 | €169,355 | €139,710 | -€29,644 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €19,803 | €18,971 | -€832 | -4.2% |
| Trade debts | 44 | €85,159 | €64,479 | -€20,681 | -24.3% |
| Suppliers | 440/4 | €85,159 | €64,479 | -€20,681 | -24.3% |
| Taxes, remuneration and social security | 45 | €63,742 | €56,260 | -€7,482 | -11.7% |
| Taxes | 450/3 | €58,974 | €50,212 | -€8,762 | -14.9% |
| Remuneration and social security | 454/9 | €4,768 | €6,048 | +€1,280 | +26.8% |
| Other amounts payable | 47/48 | €650 | - | -€650 | |
| Accrued charges and deferred income | 492/3 | €358 | €51 | -€307 | -85.8% |
| Remuneration, social security and pensions | 62 | €65,126 | €84,193 | +€19,066 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,131 | €32,720 | +€4,589 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €510 | - | -€510 | |
| Other operating charges | 640/8 | €683 | €889 | +€207 | +30.3% |
| Gross operating margin | 9900 | €129,283 | €152,363 | +€23,080 | +17.9% |
| Operating profit (loss) | 9901 | €34,833 | €34,561 | -€272 | -0.8% |
| Financial income | 75/76B | €3,132 | €2,002 | -€1,130 | -36.1% |
| Recurring financial income | 75 | €3,132 | €2,002 | -€1,130 | -36.1% |
| Financial charges | 65/66B | €3,118 | €3,083 | -€34 | -1.1% |
| Recurring financial charges | 65 | €3,118 | €3,083 | -€34 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €34,847 | €33,480 | -€1,367 | -3.9% |
| Income taxes | 67/77 | €11,190 | €11,762 | +€572 | +5.1% |
| Profit (loss) for the period | 9904 | €23,657 | €21,717 | -€1,939 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,657 | €21,717 | -€1,939 | -8.2% |
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 13 October 2026 via checked.be.