NPB Project Development: what changed
What changed
NPB Project Development
NACE 68.321, Property management for co-owned buildings (syndics)
filed annual accounts (NBB)
Net result for the year
-€139,511
2024 · -€88,148-€51,363
Equity
-€343,606
2024 · -€204,096-€139,511
Cash
€12,961
2024 · €46,992-€34,031
Balance sheet total
€871,372
2024 · €549,440+€321,932
Largest movements
Assets
- Stocks and contracts +€388,941
up €388,941 (+88.1%), from €441,491 to €830,432
- Cash -€34,031
down €34,031 (-72.4%), from €46,992 to €12,961
mainly Stocks and contracts (-€388,941) and Net result for the year (-€139,511)
- Receivables within one year -€30,941
down €30,941 (-62.9%), from €49,217 to €18,276
of which Trade receivables: -€17,397
Equity and liabilities
- Debts after one year +€505,695
up €505,695 (+75.9%), from €666,144 to €1.2m
- Profit (loss) carried forward -€139,511
down €139,511 (-58.3%), from -€239,096 to -€378,606
- Trade debts -€46,479
down €46,479 (-66.1%), from €70,282 to €23,803
Income statement
- Gross operating margin -€21,335
down €21,335 (-35.4%), from -€60,221 to -€81,557
- Write-downs +€17,397
new in 2025: €17,397
- Financial charges +€15,410
up €15,410 (+189%), from €8,164 to €23,574
- Other operating charges -€1,245
down €1,245 (-40.3%), from €3,092 to €1,847
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€88,148
Gross operating margin
-€21,335
Staff costs
+€718
Depreciation
+€809
Write-downs
-€17,397
Other operating charges
+€1,245
Financial income
+€8
Financial charges
-€15,410
Result 2025
-€139,511
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€539,727
Investment
€0
Financing
+€505,695
Cash 2024
€46,992
From operations (derived)
-€539,727
Net result for the year
-€139,511
Depreciation
+€3,796
Stocks and contracts
-€388,941
Receivables within one year
+€30,941
Deferred charges and accrued income
-€1,760
Trade debts
-€46,479
Smaller working-capital items
-€2,103
Other debts
+€4,329
Financing
+€505,695
Debts after one year
+€505,695
Cash 2025
€12,961
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,440 | €871,372 | +€321,932 | +58.6% |
| Fixed assets | 21/28 | €6,542 | €2,745 | -€3,796 | -58.0% |
| Tangible fixed assets | 22/27 | €5,765 | €1,969 | -€3,796 | -65.8% |
| Plant, machinery and equipment | 23 | €637 | €158 | -€479 | -75.3% |
| Furniture and vehicles | 24 | €5,128 | €1,811 | -€3,317 | -64.7% |
| Financial fixed assets | 28 | €776 | €776 | = | 0.0% |
| Current assets | 29/58 | €542,898 | €868,627 | +€325,729 | +60.0% |
| Stocks and contracts in progress | 3 | €441,491 | €830,432 | +€388,941 | +88.1% |
| Stocks | 30/36 | €441,491 | €830,432 | +€388,941 | +88.1% |
| Amounts receivable within one year | 40/41 | €49,217 | €18,276 | -€30,941 | -62.9% |
| Trade receivables | 40 | €17,397 | €0 | -€17,397 | -100% |
| Other amounts receivable | 41 | €31,820 | €18,276 | -€13,544 | -42.6% |
| Cash at bank and in hand | 54/58 | €46,992 | €12,961 | -€34,031 | -72.4% |
| Deferred charges and accrued income | 490/1 | €5,197 | €6,958 | +€1,760 | +33.9% |
| Total equity and liabilities | 10/49 | €549,440 | €871,372 | +€321,932 | +58.6% |
| Equity | 10/15 | -€204,096 | -€343,606 | -€139,511 | -68.4% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,096 | -€378,606 | -€139,511 | -58.3% |
| Amounts payable | 17/49 | €753,536 | €1,214,978 | +€461,443 | +61.2% |
| Amounts payable after more than one year | 17 | €666,144 | €1,171,839 | +€505,695 | +75.9% |
| Financial debts | 170/4 | €666,144 | €1,171,839 | +€505,695 | +75.9% |
| Amounts payable within one year | 42/48 | €86,242 | €43,139 | -€43,103 | -50.0% |
| Trade debts | 44 | €70,282 | €23,803 | -€46,479 | -66.1% |
| Suppliers | 440/4 | €70,282 | €23,803 | -€46,479 | -66.1% |
| Taxes, remuneration and social security | 45 | €3,338 | €2,384 | -€953 | -28.6% |
| Remuneration and social security | 454/9 | €3,338 | €2,384 | -€953 | -28.6% |
| Other amounts payable | 47/48 | €12,622 | €16,952 | +€4,329 | +34.3% |
| Accrued charges and deferred income | 492/3 | €1,150 | €0 | -€1,150 | -100% |
| Remuneration, social security and pensions | 62 | €12,085 | €11,367 | -€718 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,606 | €3,796 | -€809 | -17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,397 | +€17,397 | |
| Other operating charges | 640/8 | €3,092 | €1,847 | -€1,245 | -40.3% |
| Gross operating margin | 9900 | -€60,221 | -€81,557 | -€21,335 | -35.4% |
| Operating profit (loss) | 9901 | -€80,003 | -€115,964 | -€35,961 | -44.9% |
| Financial income | 75/76B | €19 | €28 | +€8 | +43.7% |
| Recurring financial income | 75 | €19 | €28 | +€8 | +43.7% |
| Financial charges | 65/66B | €8,164 | €23,574 | +€15,410 | +189% |
| Recurring financial charges | 65 | €8,164 | €23,574 | +€15,410 | +189% |
| Profit (loss) for the period before taxes | 9903 | -€88,148 | -€139,511 | -€51,363 | -58.3% |
| Profit (loss) for the period | 9904 | -€88,148 | -€139,511 | -€51,363 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,148 | -€139,511 | -€51,363 | -58.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.