M.K. NAHAR: what changed
M.K. NAHAR
Largest movements
- Tangible fixed assets +€24,518
up €24,518 (+703%), from €3,486 to €28,003
- Cash -€9,312
down €9,312 (-91.4%), from €10,184 to €873
mainly Investment in fixed assets (net) (-€26,571) and Stocks and contracts (-€5,835)
- Stocks and contracts +€5,835
up €5,835 (+35.9%), from €16,268 to €22,103
- Deferred charges and accrued income -€607
no longer reported in 2025 (was €607)
- Other debts +€7,431
up €7,431 (+64.1%), from €11,595 to €19,025
- Debts after one year +€5,118
up €5,118 (+26.3%), from €19,422 to €24,540
of which Financial debts: +€16,119
- Trade debts +€3,552
up €3,552 (+198%), from €1,797 to €5,349
- Tax, wage and social debts +€3,379
up €3,379 (+62.8%), from €5,379 to €8,757
of which Remuneration and social security: +€2,414
- Profit (loss) carried forward +€955
up €955 (+3.6%), from -€26,248 to -€25,293
- Purchases and services -€30,003
down €30,003 (-10.8%), from €276,626 to €246,623
- Turnover -€14,460
down €14,460 (-5.1%), from €284,386 to €269,927
- Staff costs +€11,140
up €11,140 (+142%), from €7,834 to €18,974
- Gross operating margin +€9,379
up €9,379 (+55.5%), from €16,907 to €26,286
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,545 | €50,979 | +€20,434 | +66.9% |
| Fixed assets | 21/28 | €3,486 | €28,003 | +€24,518 | +703% |
| Tangible fixed assets | 22/27 | €3,486 | €28,003 | +€24,518 | +703% |
| Furniture and vehicles | 24 | €3,486 | €28,003 | +€24,518 | +703% |
| Current assets | 29/58 | €27,059 | €22,975 | -€4,084 | -15.1% |
| Stocks and contracts in progress | 3 | €16,268 | €22,103 | +€5,835 | +35.9% |
| Stocks | 30/36 | €16,268 | €22,103 | +€5,835 | +35.9% |
| Cash at bank and in hand | 54/58 | €10,184 | €873 | -€9,312 | -91.4% |
| Deferred charges and accrued income | 490/1 | €607 | - | -€607 | |
| Total equity and liabilities | 10/49 | €30,545 | €50,979 | +€20,434 | +66.9% |
| Equity | 10/15 | -€7,648 | -€6,693 | +€955 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,248 | -€25,293 | +€955 | +3.6% |
| Amounts payable | 17/49 | €38,193 | €57,671 | +€19,479 | +51.0% |
| Amounts payable after more than one year | 17 | €19,422 | €24,540 | +€5,118 | +26.3% |
| Financial debts | 170/4 | €8,421 | €24,540 | +€16,119 | +191% |
| Other amounts payable | 178/9 | €11,001 | - | -€11,001 | |
| Amounts payable within one year | 42/48 | €18,770 | €33,132 | +€14,361 | +76.5% |
| Trade debts | 44 | €1,797 | €5,349 | +€3,552 | +198% |
| Suppliers | 440/4 | €1,797 | €5,349 | +€3,552 | +198% |
| Taxes, remuneration and social security | 45 | €5,379 | €8,757 | +€3,379 | +62.8% |
| Taxes | 450/3 | €3,261 | €4,226 | +€965 | +29.6% |
| Remuneration and social security | 454/9 | €2,118 | €4,532 | +€2,414 | +114% |
| Other amounts payable | 47/48 | €11,595 | €19,025 | +€7,431 | +64.1% |
| Turnover | 70 | €284,386 | €269,927 | -€14,460 | -5.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €276,626 | €246,623 | -€30,003 | -10.8% |
| Remuneration, social security and pensions | 62 | €7,834 | €18,974 | +€11,140 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,486 | €2,053 | -€1,433 | -41.1% |
| Other operating charges | 640/8 | €1,788 | €3,740 | +€1,952 | +109% |
| Gross operating margin | 9900 | €16,907 | €26,286 | +€9,379 | +55.5% |
| Operating profit (loss) | 9901 | €3,800 | €1,520 | -€2,280 | -60.0% |
| Financial charges | 65/66B | €109 | €565 | +€455 | +417% |
| Recurring financial charges | 65 | €109 | €565 | +€455 | +417% |
| Profit (loss) for the period before taxes | 9903 | €3,690 | €955 | -€2,735 | -74.1% |
| Income taxes | 67/77 | €149 | - | -€149 | |
| Profit (loss) for the period | 9904 | €3,541 | €955 | -€2,586 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,541 | €955 | -€2,586 | -73.0% |
Next steps
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 8 November 2026 via checked.be.