NABHAN WAEL: what changed
What changed
NABHAN WAEL
filed annual accounts (NBB)
Net result for the year
€58,151
2024 · €69,065-€10,914
Equity
€76,751
2024 · €87,665-€10,914
Cash
€99,939
2024 · €98,044+€1,895
Balance sheet total
€253,816
2024 · €170,273+€83,543
Largest movements
Assets
- Tangible fixed assets +€67,306
up €67,306 (+2,670%), from €2,521 to €69,827
- Current investments +€12,022
up €12,022 (+1,202%), from €1,000 to €13,022
- Deferred charges and accrued income +€2,852
up €2,852 (+5.3%), from €53,772 to €56,624
Equity and liabilities
- Debts after one year +€47,725
new in 2025: €47,725
- Other debts +€25,675
up €25,675 (+32.1%), from €79,934 to €105,609
- Current portion of long-term debt +€14,449
new in 2025: €14,449
- Profit (loss) carried forward -€10,914
down €10,914 (-15.8%), from €69,065 to €58,151
- Trade debts +€9,282
new in 2025: €9,282
Income statement
- Gross operating margin +€29,253
up €29,253 (+24.0%), from €121,745 to €150,998
- Financial charges +€20,110
up €20,110 (+51.4%), from €39,097 to €59,207
- Depreciation +€17,200
up €17,200 (+1,151%), from €1,494 to €18,694
- Financial income -€4,227
down €4,227 (-86.7%), from €4,877 to €650
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€69,065
Gross operating margin
+€29,253
Depreciation
-€17,200
Financial income
-€4,227
Financial charges
-€20,110
Taxes
+€1,370
Result 2025
€58,151
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€106,808
Investment
-€98,022
Financing
-€6,891
Cash 2024
€98,044
From operations (derived)
+€106,808
Net result for the year
+€58,151
Depreciation
+€18,694
Receivables within one year
+€532
Deferred charges and accrued income
-€2,852
Trade debts
+€9,282
Tax, wage and social debts
-€2,674
Other debts
+€25,675
Investment (derived)
-€98,022
Investment in fixed assets (net)
-€86,000
Current investments
-€12,022
Financing
-€6,891
Debts after one year
+€47,725
Current portion of long-term debt
+€14,449
Contributions, distributions and other
-€69,065
Cash 2025
€99,939
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,273 | €253,816 | +€83,543 | +49.1% |
| Fixed assets | 21/28 | €2,521 | €69,827 | +€67,306 | +2,670% |
| Tangible fixed assets | 22/27 | €2,521 | €69,827 | +€67,306 | +2,670% |
| Furniture and vehicles | 24 | €2,521 | €69,827 | +€67,306 | +2,670% |
| Current assets | 29/58 | €167,751 | €183,988 | +€16,237 | +9.7% |
| Amounts receivable within one year | 40/41 | €14,935 | €14,403 | -€532 | -3.6% |
| Trade receivables | 40 | €6,902 | - | -€6,902 | |
| Other amounts receivable | 41 | €8,033 | €14,403 | +€6,370 | +79.3% |
| Current investments | 50/53 | €1,000 | €13,022 | +€12,022 | +1,202% |
| Cash at bank and in hand | 54/58 | €98,044 | €99,939 | +€1,895 | +1.9% |
| Deferred charges and accrued income | 490/1 | €53,772 | €56,624 | +€2,852 | +5.3% |
| Total equity and liabilities | 10/49 | €170,273 | €253,816 | +€83,543 | +49.1% |
| Equity | 10/15 | €87,665 | €76,751 | -€10,914 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,065 | €58,151 | -€10,914 | -15.8% |
| Amounts payable | 17/49 | €82,608 | €177,065 | +€94,457 | +114% |
| Amounts payable after more than one year | 17 | - | €47,725 | +€47,725 | |
| Financial debts | 170/4 | - | €47,725 | +€47,725 | |
| Amounts payable within one year | 42/48 | €82,608 | €129,341 | +€46,733 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | - | €14,449 | +€14,449 | |
| Trade debts | 44 | - | €9,282 | +€9,282 | |
| Suppliers | 440/4 | - | €9,282 | +€9,282 | |
| Taxes, remuneration and social security | 45 | €2,674 | - | -€2,674 | |
| Remuneration and social security | 454/9 | €2,674 | - | -€2,674 | |
| Other amounts payable | 47/48 | €79,934 | €105,609 | +€25,675 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,494 | €18,694 | +€17,200 | +1,151% |
| Gross operating margin | 9900 | €121,745 | €150,998 | +€29,253 | +24.0% |
| Operating profit (loss) | 9901 | €120,251 | €132,304 | +€12,053 | +10.0% |
| Financial income | 75/76B | €4,877 | €650 | -€4,227 | -86.7% |
| Recurring financial income | 75 | €4,877 | €650 | -€4,227 | -86.7% |
| Financial charges | 65/66B | €39,097 | €59,207 | +€20,110 | +51.4% |
| Recurring financial charges | 65 | €39,097 | €59,207 | +€20,110 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €86,032 | €73,748 | -€12,284 | -14.3% |
| Income taxes | 67/77 | €16,967 | €15,597 | -€1,370 | -8.1% |
| Profit (loss) for the period | 9904 | €69,065 | €58,151 | -€10,914 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,065 | €58,151 | -€10,914 | -15.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.