Naba: 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.
Naba
Largest movements
- Receivables within one year +€211,502
up €211,502 (+572.4%), from €36,948 to €248,450
of which Other amounts receivable: +€210,777
- Cash -€26,899
down €26,899 (-36.0%), from €74,643 to €47,744
mainly Contributions, distributions and other (-€225,637) and Receivables within one year (-€211,502)
- Other debts +€198,928
up €198,928 (+125.5%), from €158,498 to €357,426
- Debts after one year -€18,203
down €18,203 (-9.5%), from €192,159 to €173,956
- Gross operating margin -€204,400
down €204,400, from €96,699 to -€107,701
- Financial income +€157,772
up €157,772 (+78.9%), from €200,000 to €357,772
- Financial charges -€9,214
down €9,214 (-70.4%), from €13,092 to €3,879
- Taxes -€6,261
down €6,261 (-26.2%), from €23,896 to €17,635
- Depreciation -€1,634
down €1,634 (-46.8%), from €3,491 to €1,857
From the 30-06-2025 result to the 31-12-2025 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 30-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €415,209 | €593,039 | +€177,830 | +42.8% |
| Fixed assets | 21/28 | €298,296 | €296,439 | -€1,857 | -0.6% |
| Tangible fixed assets | 22/27 | €44,146 | €42,290 | -€1,857 | -4.2% |
| Land and buildings | 22 | €32,485 | €31,673 | -€811 | -2.5% |
| Furniture and vehicles | 24 | €3,177 | €2,719 | -€458 | -14.4% |
| Other tangible fixed assets | 26 | €8,485 | €7,898 | -€587 | -6.9% |
| Financial fixed assets | 28 | €254,149 | €254,149 | = | 0.0% |
| Current assets | 29/58 | €116,914 | €296,600 | +€179,686 | +153.7% |
| Amounts receivable within one year | 40/41 | €36,948 | €248,450 | +€211,502 | +572.4% |
| Trade receivables | 40 | €829 | €1,554 | +€725 | +87.5% |
| Other amounts receivable | 41 | €36,120 | €246,896 | +€210,777 | +583.6% |
| Cash at bank and in hand | 54/58 | €74,643 | €47,744 | -€26,899 | -36.0% |
| Deferred charges and accrued income | 490/1 | €5,322 | €407 | -€4,916 | -92.4% |
| Total equity and liabilities | 10/49 | €415,209 | €593,039 | +€177,830 | +42.8% |
| Equity | 10/15 | €10,000 | €10,000 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | - | €10,000 | +€10,000 | |
| Issued capital | 100 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €405,209 | €583,039 | +€177,830 | +43.9% |
| Amounts payable after more than one year | 17 | €192,159 | €173,956 | -€18,203 | -9.5% |
| Financial debts | 170/4 | €192,159 | €173,956 | -€18,203 | -9.5% |
| Amounts payable within one year | 42/48 | €212,455 | €408,907 | +€196,451 | +92.5% |
| Current portion of amounts payable after more than one year | 42 | €38,673 | €36,182 | -€2,491 | -6.4% |
| Trade debts | 44 | €2,691 | €2,598 | -€93 | -3.4% |
| Suppliers | 440/4 | €2,691 | €2,598 | -€93 | -3.4% |
| Taxes, remuneration and social security | 45 | €12,594 | €12,701 | +€108 | +0.9% |
| Taxes | 450/3 | €12,594 | €12,701 | +€108 | +0.9% |
| Other amounts payable | 47/48 | €158,498 | €357,426 | +€198,928 | +125.5% |
| Accrued charges and deferred income | 492/3 | €594 | €176 | -€418 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,491 | €1,857 | -€1,634 | -46.8% |
| Other operating charges | 640/8 | €1,980 | €1,064 | -€916 | -46.3% |
| Gross operating margin | 9900 | €96,699 | -€107,701 | -€204,400 | |
| Operating profit (loss) | 9901 | €91,228 | -€110,621 | -€201,849 | |
| Financial income | 75/76B | €200,000 | €357,772 | +€157,772 | +78.9% |
| Recurring financial income | 75 | €200,000 | €357,772 | +€157,772 | +78.9% |
| Financial charges | 65/66B | €13,092 | €3,879 | -€9,214 | -70.4% |
| Recurring financial charges | 65 | €13,092 | €3,879 | -€9,214 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €278,136 | €243,273 | -€34,863 | -12.5% |
| Income taxes | 67/77 | €23,896 | €17,635 | -€6,261 | -26.2% |
| Profit (loss) for the period | 9904 | €254,240 | €225,637 | -€28,603 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €254,240 | €225,637 | -€28,603 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.