NABER: 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.
NABER
Largest movements
- Tangible fixed assets +€635,028
up €635,028 (+129.9%), from €488,716 to €1.1m
of which Land and buildings: +€635,655
- Cash +€39,763
up €39,763 (+76.5%), from €51,945 to €91,708
mainly Contributions, distributions and other (+€657,062) and Depreciation (+€22,034)
- Revaluation surpluses +€657,062
up €657,062 (+233.5%), from €281,339 to €938,401
- Reserves +€16,343
up €16,343 (+8.5%), from €192,457 to €208,800
of which Distributable reserves: +€16,343
- Gross operating margin +€18,233
up €18,233 (+74.2%), from €24,580 to €42,813
- Financial charges +€652
up €652 (+852.4%), from €77 to €729
- Depreciation -€512
down €512 (-2.3%), from €22,546 to €22,034
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 | €546,263 | €1,220,914 | +€674,651 | +123.5% |
| Fixed assets | 21/28 | €489,284 | €1,124,312 | +€635,028 | +129.8% |
| Tangible fixed assets | 22/27 | €488,716 | €1,123,744 | +€635,028 | +129.9% |
| Land and buildings | 22 | €484,345 | €1,120,000 | +€635,655 | +131.2% |
| Plant, machinery and equipment | 23 | €3,043 | €2,686 | -€357 | -11.7% |
| Furniture and vehicles | 24 | €1,328 | €1,058 | -€270 | -20.3% |
| Financial fixed assets | 28 | €568 | €568 | = | 0.0% |
| Current assets | 29/58 | €56,979 | €96,602 | +€39,622 | +69.5% |
| Amounts receivable within one year | 40/41 | €4,328 | €4,153 | -€175 | -4.0% |
| Trade receivables | 40 | €3,668 | €4,150 | +€482 | +13.1% |
| Other amounts receivable | 41 | €660 | €3 | -€657 | -99.6% |
| Cash at bank and in hand | 54/58 | €51,945 | €91,708 | +€39,763 | +76.5% |
| Deferred charges and accrued income | 490/1 | €707 | €741 | +€34 | +4.8% |
| Total equity and liabilities | 10/49 | €546,263 | €1,220,914 | +€674,651 | +123.5% |
| Equity | 10/15 | €535,797 | €1,209,201 | +€673,404 | +125.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €281,339 | €938,401 | +€657,062 | +233.5% |
| Reserves | 13 | €192,457 | €208,800 | +€16,343 | +8.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,750 | €11,750 | = | 0.0% |
| Distributable reserves | 133 | €174,507 | €190,850 | +€16,343 | +9.4% |
| Amounts payable | 17/49 | €10,467 | €11,713 | +€1,246 | +11.9% |
| Amounts payable within one year | 42/48 | €10,467 | €11,713 | +€1,246 | +11.9% |
| Trade debts | 44 | €484 | €1,992 | +€1,508 | +311.8% |
| Suppliers | 440/4 | €484 | €1,992 | +€1,508 | +311.8% |
| Taxes, remuneration and social security | 45 | €0 | €857 | +€857 | |
| Taxes | 450/3 | €0 | €857 | +€857 | |
| Other amounts payable | 47/48 | €9,983 | €8,864 | -€1,119 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,546 | €22,034 | -€512 | -2.3% |
| Other operating charges | 640/8 | €3,604 | €3,717 | +€114 | +3.2% |
| Gross operating margin | 9900 | €24,580 | €42,813 | +€18,233 | +74.2% |
| Operating profit (loss) | 9901 | -€1,570 | €17,061 | +€18,632 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €77 | €729 | +€652 | +852.4% |
| Recurring financial charges | 65 | €77 | €729 | +€652 | +852.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,647 | €16,343 | +€17,989 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,647 | €16,343 | +€17,989 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,647 | €16,343 | +€17,989 |
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 8 October 2026 via checked.be.