NA.ON: what changed
Two fiscal 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.
NA.ON
Largest movements
- Receivables within one year +€32,263
up €32,263 (+81.7%), from €39,502 to €71,765
of which Trade receivables: +€16,331
- Tangible fixed assets -€11,302
down €11,302 (-31.4%), from €35,978 to €24,675
of which Leasing and similar rights: -€8,263
- Cash +€5,546
up €5,546 (+21.5%), from €25,803 to €31,350
mainly Net result for the year (+€15,480) and Depreciation (+€15,474)
- Profit (loss) carried forward +€15,480
up €15,480 (+83.3%), from €18,584 to €34,063
- Tax, wage and social debts +€9,696
up €9,696 (+107.5%), from €9,023 to €18,718
- Debts after one year -€8,281
down €8,281 (-13.9%), from €59,379 to €51,099
of which Financial debts: -€8,281
- Trade debts +€8,130
up €8,130 (+59.7%), from €13,629 to €21,759
- Gross operating margin +€5,100
up €5,100 (+14.6%), from €34,859 to €39,958
- Depreciation +€1,299
up €1,299 (+9.2%), from €14,176 to €15,474
- Taxes +€992
up €992 (+18.3%), from €5,421 to €6,413
- Financial charges -€495
down €495 (-24.1%), from €2,051 to €1,555
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.
Cash bridge derived
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 | €110,494 | €136,833 | +€26,338 | +23.8% |
| Fixed assets | 21/28 | €35,978 | €24,675 | -€11,302 | -31.4% |
| Tangible fixed assets | 22/27 | €35,978 | €24,675 | -€11,302 | -31.4% |
| Furniture and vehicles | 24 | €11,302 | €8,263 | -€3,039 | -26.9% |
| Leasing and similar rights | 25 | €24,675 | €16,412 | -€8,263 | -33.5% |
| Current assets | 29/58 | €74,517 | €112,157 | +€37,641 | +50.5% |
| Stocks and contracts in progress | 3 | €8,022 | €8,022 | = | 0.0% |
| Stocks | 30/36 | €8,022 | €8,022 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,502 | €71,765 | +€32,263 | +81.7% |
| Trade receivables | 40 | €36,686 | €53,017 | +€16,331 | +44.5% |
| Other amounts receivable | 41 | €2,816 | €18,748 | +€15,932 | +565.7% |
| Cash at bank and in hand | 54/58 | €25,803 | €31,350 | +€5,546 | +21.5% |
| Deferred charges and accrued income | 490/1 | €1,189 | €1,020 | -€168 | -14.2% |
| Total equity and liabilities | 10/49 | €110,494 | €136,833 | +€26,338 | +23.8% |
| Equity | 10/15 | €20,584 | €36,063 | +€15,480 | +75.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,584 | €34,063 | +€15,480 | +83.3% |
| Amounts payable | 17/49 | €89,911 | €100,769 | +€10,859 | +12.1% |
| Amounts payable after more than one year | 17 | €59,379 | €51,099 | -€8,281 | -13.9% |
| Financial debts | 170/4 | €19,379 | €11,099 | -€8,281 | -42.7% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,531 | €49,671 | +€19,139 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €7,880 | €8,281 | +€400 | +5.1% |
| Financial debts | 43 | - | €913 | +€913 | |
| Credit institutions | 430/8 | - | €913 | +€913 | |
| Trade debts | 44 | €13,629 | €21,759 | +€8,130 | +59.7% |
| Suppliers | 440/4 | €13,629 | €21,759 | +€8,130 | +59.7% |
| Taxes, remuneration and social security | 45 | €9,023 | €18,718 | +€9,696 | +107.5% |
| Taxes | 450/3 | €9,023 | €18,718 | +€9,696 | +107.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,176 | €15,474 | +€1,299 | +9.2% |
| Other operating charges | 640/8 | €1,435 | €1,526 | +€91 | +6.3% |
| Gross operating margin | 9900 | €34,859 | €39,958 | +€5,100 | +14.6% |
| Operating profit (loss) | 9901 | €19,248 | €22,958 | +€3,710 | +19.3% |
| Financial income | 75/76B | €157 | €490 | +€333 | +212.6% |
| Recurring financial income | 75 | €157 | €490 | +€333 | +212.6% |
| Financial charges | 65/66B | €2,051 | €1,555 | -€495 | -24.1% |
| Recurring financial charges | 65 | €2,051 | €1,555 | -€495 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €17,354 | €21,893 | +€4,539 | +26.2% |
| Income taxes | 67/77 | €5,421 | €6,413 | +€992 | +18.3% |
| Profit (loss) for the period | 9904 | €11,933 | €15,480 | +€3,547 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,933 | €15,480 | +€3,547 | +29.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.