NAB Management: 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.
NAB Management
Largest movements
- Cash -€35,221
down €35,221 (-56.1%), from €62,767 to €27,546
mainly Debts after one year (-€51,917) and Trade debts (-€32,439)
- Receivables within one year +€25,672
up €25,672 (+126%), from €20,359 to €46,031
of which Trade receivables: +€17,403
- Debts after one year -€51,917
down €51,917 (-40.0%), from €129,915 to €77,998
- Trade debts -€32,439
down €32,439 (-73.8%), from €43,950 to €11,511
- Reserves +€31,500
up €31,500 (+37.9%), from €83,010 to €114,510
of which Distributable reserves: +€31,500
- Other debts +€30,775
up €30,775 (+54.0%), from €56,980 to €87,755
- Tax, wage and social debts +€12,081
up €12,081 (+36.4%), from €33,158 to €45,239
of which Taxes: +€12,212
- Gross operating margin +€29,530
up €29,530 (+33.6%), from €87,974 to €117,504
- Other operating charges +€6,979
up €6,979 (+221%), from €3,152 to €10,131
- Taxes +€5,923
up €5,923 (+62.8%), from €9,427 to €15,350
- Financial charges -€1,464
down €1,464 (-15.9%), from €9,187 to €7,723
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 | €416,535 | €408,867 | -€7,668 | -1.8% |
| Fixed assets | 21/28 | €327,732 | €329,788 | +€2,055 | +0.6% |
| Tangible fixed assets | 22/27 | €327,502 | €329,558 | +€2,055 | +0.6% |
| Land and buildings | 22 | €323,969 | €311,420 | -€12,549 | -3.9% |
| Plant, machinery and equipment | 23 | €3,184 | €3,040 | -€143 | -4.5% |
| Furniture and vehicles | 24 | €350 | €15,097 | +€14,747 | +4,219% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €88,803 | €79,079 | -€9,724 | -10.9% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €20,359 | €46,031 | +€25,672 | +126% |
| Trade receivables | 40 | €16,867 | €34,270 | +€17,403 | +103% |
| Other amounts receivable | 41 | €3,492 | €11,761 | +€8,269 | +237% |
| Cash at bank and in hand | 54/58 | €62,767 | €27,546 | -€35,221 | -56.1% |
| Deferred charges and accrued income | 490/1 | €5,677 | €5,502 | -€175 | -3.1% |
| Total equity and liabilities | 10/49 | €416,535 | €408,867 | -€7,668 | -1.8% |
| Equity | 10/15 | €101,692 | €133,217 | +€31,525 | +31.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,010 | €114,510 | +€31,500 | +37.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €62,400 | €93,900 | +€31,500 | +50.5% |
| Profit (loss) carried forward | 14 | €82 | €107 | +€25 | +30.0% |
| Amounts payable | 17/49 | €314,843 | €275,650 | -€39,193 | -12.4% |
| Amounts payable after more than one year | 17 | €129,915 | €77,998 | -€51,917 | -40.0% |
| Financial debts | 170/4 | €129,915 | €77,998 | -€51,917 | -40.0% |
| Amounts payable within one year | 42/48 | €184,714 | €197,482 | +€12,768 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €50,627 | €52,978 | +€2,351 | +4.6% |
| Trade debts | 44 | €43,950 | €11,511 | -€32,439 | -73.8% |
| Suppliers | 440/4 | €43,950 | €11,511 | -€32,439 | -73.8% |
| Taxes, remuneration and social security | 45 | €33,158 | €45,239 | +€12,081 | +36.4% |
| Taxes | 450/3 | €26,741 | €38,953 | +€12,212 | +45.7% |
| Remuneration and social security | 454/9 | €6,416 | €6,286 | -€130 | -2.0% |
| Other amounts payable | 47/48 | €56,980 | €87,755 | +€30,775 | +54.0% |
| Accrued charges and deferred income | 492/3 | €214 | €170 | -€44 | -20.7% |
| Remuneration, social security and pensions | 62 | €24,593 | €24,959 | +€365 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,424 | €14,354 | +€930 | +6.9% |
| Other operating charges | 640/8 | €3,152 | €10,131 | +€6,979 | +221% |
| Gross operating margin | 9900 | €87,974 | €117,504 | +€29,530 | +33.6% |
| Operating profit (loss) | 9901 | €46,805 | €68,061 | +€21,257 | +45.4% |
| Financial income | 75/76B | €21 | €37 | +€16 | +77.8% |
| Recurring financial income | 75 | €21 | €37 | +€16 | +77.8% |
| Financial charges | 65/66B | €9,187 | €7,723 | -€1,464 | -15.9% |
| Recurring financial charges | 65 | €9,187 | €7,723 | -€1,464 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €37,639 | €60,375 | +€22,736 | +60.4% |
| Income taxes | 67/77 | €9,427 | €15,350 | +€5,923 | +62.8% |
| Profit (loss) for the period | 9904 | €28,211 | €45,025 | +€16,813 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,211 | €45,025 | +€16,813 | +59.6% |
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 13 October 2026 via checked.be.