Naalgu: 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.
Naalgu
Largest movements
- Cash -€5,746
down €5,746 (-4.2%), from €135,531 to €129,785
mainly Receivables within one year (-€4,575) and Net result for the year (-€4,532)
- Receivables within one year +€4,575
up €4,575 (+23.1%), from €19,816 to €24,391
- Tangible fixed assets -€3,233
down €3,233 (-40.0%), from €8,074 to €4,841
of which Furniture and vehicles: -€7,523
- Profit (loss) carried forward -€4,532
down €4,532 (-2.8%), from €163,097 to €158,565
- Gross operating margin -€4,667
down €4,667 (-95.2%), from €4,903 to €236
- Depreciation -€3,269
down €3,269 (-45.0%), from €7,267 to €3,998
- Other operating charges +€803
up €803 (+154.9%), from €518 to €1,321
- Taxes -€406
down €406 (-52.4%), from €774 to €368
- Financial income +€55
up €55 (+5.4%), from €1,032 to €1,088
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 | €164,266 | €160,109 | -€4,157 | -2.5% |
| Fixed assets | 21/28 | €8,074 | €4,841 | -€3,233 | -40.0% |
| Tangible fixed assets | 22/27 | €8,074 | €4,841 | -€3,233 | -40.0% |
| Plant, machinery and equipment | 23 | - | €4,290 | +€4,290 | |
| Furniture and vehicles | 24 | €8,074 | €551 | -€7,523 | -93.2% |
| Current assets | 29/58 | €156,192 | €155,268 | -€924 | -0.6% |
| Amounts receivable within one year | 40/41 | €19,816 | €24,391 | +€4,575 | +23.1% |
| Other amounts receivable | 41 | €19,816 | €24,391 | +€4,575 | +23.1% |
| Cash at bank and in hand | 54/58 | €135,531 | €129,785 | -€5,746 | -4.2% |
| Deferred charges and accrued income | 490/1 | €845 | €1,092 | +€247 | +29.3% |
| Total equity and liabilities | 10/49 | €164,266 | €160,109 | -€4,157 | -2.5% |
| Equity | 10/15 | €163,098 | €158,566 | -€4,532 | -2.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,097 | €158,565 | -€4,532 | -2.8% |
| Amounts payable | 17/49 | €1,168 | €1,543 | +€375 | +32.1% |
| Amounts payable within one year | 42/48 | €1,168 | €1,543 | +€375 | +32.1% |
| Trade debts | 44 | €394 | €1,175 | +€781 | +198.4% |
| Suppliers | 440/4 | €394 | €1,175 | +€781 | +198.4% |
| Taxes, remuneration and social security | 45 | €774 | €368 | -€406 | -52.4% |
| Taxes | 450/3 | €774 | €368 | -€406 | -52.4% |
| Non-recurring operating income | 76A | - | €1,068 | +€1,068 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,267 | €3,998 | -€3,269 | -45.0% |
| Other operating charges | 640/8 | €518 | €1,321 | +€803 | +154.9% |
| Gross operating margin | 9900 | €4,903 | €236 | -€4,667 | -95.2% |
| Operating profit (loss) | 9901 | -€2,882 | -€5,083 | -€2,201 | -76.4% |
| Financial income | 75/76B | €1,032 | €1,088 | +€55 | +5.4% |
| Recurring financial income | 75 | €1,032 | €1,088 | +€55 | +5.4% |
| Financial charges | 65/66B | €138 | €168 | +€30 | +21.9% |
| Recurring financial charges | 65 | €138 | €168 | +€30 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,988 | -€4,164 | -€2,176 | -109.4% |
| Income taxes | 67/77 | €774 | €368 | -€406 | -52.4% |
| Profit (loss) for the period | 9904 | -€2,763 | -€4,532 | -€1,770 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,763 | -€4,532 | -€1,770 | -64.1% |
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 9 October 2026 via checked.be.