N.A.C.: 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.
N.A.C.
Largest movements
- Receivables within one year -€646
down €646 (-2.1%), from €30,341 to €29,695
- Reserves -€3,316
down €3,316 (-18.6%), from €17,795 to €14,479
of which Distributable reserves: -€3,316
- Other debts +€3,093
up €3,093 (+62.2%), from €4,973 to €8,066
- Tax, wage and social debts -€621
no longer reported in 2025 (was €621)
- Gross operating margin -€2,716
down €2,716 (-192%), from -€1,411 to -€4,127
- Other operating charges -€829
down €829 (-49.5%), from €1,673 to €844
- Financial income -€101
down €101 (-5.7%), from €1,769 to €1,668
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 | €30,446 | €29,699 | -€747 | -2.5% |
| Current assets | 29/58 | €30,446 | €29,699 | -€747 | -2.5% |
| Amounts receivable within one year | 40/41 | €30,341 | €29,695 | -€646 | -2.1% |
| Other amounts receivable | 41 | €30,341 | €29,695 | -€646 | -2.1% |
| Cash at bank and in hand | 54/58 | €106 | €5 | -€101 | -95.6% |
| Total equity and liabilities | 10/49 | €30,446 | €29,699 | -€747 | -2.5% |
| Equity | 10/15 | €23,995 | €20,679 | -€3,316 | -13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,795 | €14,479 | -€3,316 | -18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,935 | €12,619 | -€3,316 | -20.8% |
| Amounts payable | 17/49 | €6,451 | €9,020 | +€2,569 | +39.8% |
| Amounts payable within one year | 42/48 | €6,451 | €9,020 | +€2,569 | +39.8% |
| Trade debts | 44 | €858 | €955 | +€97 | +11.3% |
| Suppliers | 440/4 | €858 | €955 | +€97 | +11.3% |
| Taxes, remuneration and social security | 45 | €621 | - | -€621 | |
| Taxes | 450/3 | €621 | - | -€621 | |
| Other amounts payable | 47/48 | €4,973 | €8,066 | +€3,093 | +62.2% |
| Other operating charges | 640/8 | €1,673 | €844 | -€829 | -49.5% |
| Gross operating margin | 9900 | -€1,411 | -€4,127 | -€2,716 | -192% |
| Operating profit (loss) | 9901 | -€3,084 | -€4,971 | -€1,887 | -61.2% |
| Financial income | 75/76B | €1,769 | €1,668 | -€101 | -5.7% |
| Recurring financial income | 75 | €1,769 | €1,668 | -€101 | -5.7% |
| Financial charges | 65/66B | €44 | €13 | -€30 | -69.4% |
| Recurring financial charges | 65 | €44 | €13 | -€30 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,358 | -€3,316 | -€1,958 | -144% |
| Profit (loss) for the period | 9904 | -€1,358 | -€3,316 | -€1,958 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,358 | -€3,316 | -€1,958 | -144% |
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 20 October 2026 via checked.be.