NU: 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.
NU
Largest movements
- Cash -€12,430
down €12,430 (-20.7%), from €59,953 to €47,523
mainly Other debts (-€10,428) and Debts after one year (-€7,053)
- Tangible fixed assets -€12,160
down €12,160 (-28.3%), from €43,001 to €30,841
of which Furniture and vehicles: -€11,649
- Receivables within one year -€6,999
down €6,999 (-100%), from €6,999 to €0
of which Other amounts receivable: -€6,999
- Stocks and contracts +€5,942
up €5,942 (+14.5%), from €40,964 to €46,906
- Other debts -€10,428
down €10,428 (-25.4%), from €41,030 to €30,602
- Debts after one year -€7,053
down €7,053 (-37.4%), from €18,847 to €11,794
- Profit (loss) carried forward -€3,726
down €3,726 (-85.3%), from €4,369 to €643
- Trade debts -€2,962
down €2,962 (-55.4%), from €5,346 to €2,384
- Staff costs +€5,008
up €5,008 (+20.7%), from €24,205 to €29,212
- Gross operating margin +€2,987
up €2,987 (+7.8%), from €38,290 to €41,277
- Write-downs -€2,154
down €2,154, from €760 to -€1,394
- Depreciation +€1,133
up €1,133 (+8.9%), from €12,742 to €13,875
- Taxes +€583
up €583 (+30.7%), from €1,897 to €2,480
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 | €154,797 | €130,201 | -€24,596 | -15.9% |
| Fixed assets | 21/28 | €44,981 | €32,821 | -€12,160 | -27.0% |
| Tangible fixed assets | 22/27 | €43,001 | €30,841 | -€12,160 | -28.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €41,507 | €29,858 | -€11,649 | -28.1% |
| Other tangible fixed assets | 26 | €1,494 | €983 | -€511 | -34.2% |
| Financial fixed assets | 28 | €1,980 | €1,980 | = | 0.0% |
| Current assets | 29/58 | €109,816 | €97,380 | -€12,436 | -11.3% |
| Stocks and contracts in progress | 3 | €40,964 | €46,906 | +€5,942 | +14.5% |
| Stocks | 30/36 | €40,964 | €46,906 | +€5,942 | +14.5% |
| Amounts receivable within one year | 40/41 | €6,999 | €0 | -€6,999 | -100% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €6,999 | €0 | -€6,999 | -100% |
| Cash at bank and in hand | 54/58 | €59,953 | €47,523 | -€12,430 | -20.7% |
| Deferred charges and accrued income | 490/1 | €1,899 | €2,950 | +€1,051 | +55.3% |
| Total equity and liabilities | 10/49 | €154,797 | €130,201 | -€24,596 | -15.9% |
| Equity | 10/15 | €74,509 | €70,783 | -€3,726 | -5.0% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €15,140 | €15,140 | = | 0.0% |
| Distributable reserves | 133 | €15,140 | €15,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,369 | €643 | -€3,726 | -85.3% |
| Amounts payable | 17/49 | €80,288 | €59,418 | -€20,870 | -26.0% |
| Amounts payable after more than one year | 17 | €18,847 | €11,794 | -€7,053 | -37.4% |
| Financial debts | 170/4 | €18,847 | €11,794 | -€7,053 | -37.4% |
| Amounts payable within one year | 42/48 | €61,442 | €47,624 | -€13,817 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €6,761 | €7,053 | +€291 | +4.3% |
| Trade debts | 44 | €5,346 | €2,384 | -€2,962 | -55.4% |
| Suppliers | 440/4 | €5,346 | €2,384 | -€2,962 | -55.4% |
| Taxes, remuneration and social security | 45 | €8,304 | €7,586 | -€719 | -8.7% |
| Taxes | 450/3 | €7,631 | €7,092 | -€539 | -7.1% |
| Remuneration and social security | 454/9 | €673 | €494 | -€179 | -26.7% |
| Other amounts payable | 47/48 | €41,030 | €30,602 | -€10,428 | -25.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,315 | +€2,315 | |
| Remuneration, social security and pensions | 62 | €24,205 | €29,212 | +€5,008 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,742 | €13,875 | +€1,133 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €760 | -€1,394 | -€2,154 | |
| Other operating charges | 640/8 | €1,307 | €1,342 | +€35 | +2.7% |
| Gross operating margin | 9900 | €38,290 | €41,277 | +€2,987 | +7.8% |
| Operating profit (loss) | 9901 | -€724 | -€1,758 | -€1,034 | -143% |
| Financial income | 75/76B | €4,525 | €4,857 | +€332 | +7.3% |
| Recurring financial income | 75 | €4,525 | €4,857 | +€332 | +7.3% |
| Financial charges | 65/66B | €4,805 | €4,344 | -€461 | -9.6% |
| Recurring financial charges | 65 | €4,805 | €4,344 | -€461 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,005 | -€1,246 | -€241 | -24.0% |
| Income taxes | 67/77 | €1,897 | €2,480 | +€583 | +30.7% |
| Profit (loss) for the period | 9904 | -€2,902 | -€3,726 | -€824 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,902 | -€3,726 | -€824 | -28.4% |
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.