NABIL BARDANI: 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.
NABIL BARDANI
Largest movements
- Stocks and contracts +€13,525
up €13,525 (+292%), from €4,628 to €18,153
- Cash +€9,193
up €9,193 (+120%), from €7,645 to €16,838
mainly Debts after one year (+€32,953) and Tax, wage and social debts (+€6,903)
- Receivables within one year +€2,421
up €2,421 (+172%), from €1,408 to €3,829
- Tangible fixed assets -€2,301
down €2,301 (-37.2%), from €6,180 to €3,879
- Debts after one year +€32,953
up €32,953 (+86.5%), from €38,090 to €71,043
- Other debts -€10,901
no longer reported in 2025 (was €10,901)
- Profit (loss) carried forward -€8,818
down €8,818 (-14.5%), from -€60,744 to -€69,562
- Tax, wage and social debts +€6,903
up €6,903 (+99.0%), from €6,972 to €13,875
of which Remuneration and social security: +€4,016
- Trade debts +€1,704
up €1,704 (+231%), from €737 to €2,441
- Gross operating margin +€67,184
up €67,184, from -€54,911 to €12,273
- Staff costs +€12,347
new in 2025: €12,347
- Other operating charges +€2,950
up €2,950 (+3,933%), from €75 to €3,025
- Financial charges -€900
down €900 (-20.8%), from €4,330 to €3,430
- Depreciation +€860
up €860 (+59.7%), from €1,441 to €2,301
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 | €26,890 | €50,038 | +€23,149 | +86.1% |
| Fixed assets | 21/28 | €12,630 | €10,606 | -€2,023 | -16.0% |
| Tangible fixed assets | 22/27 | €6,180 | €3,879 | -€2,301 | -37.2% |
| Furniture and vehicles | 24 | €6,180 | €3,879 | -€2,301 | -37.2% |
| Financial fixed assets | 28 | €6,450 | €6,728 | +€278 | +4.3% |
| Current assets | 29/58 | €14,260 | €39,432 | +€25,172 | +177% |
| Stocks and contracts in progress | 3 | €4,628 | €18,153 | +€13,525 | +292% |
| Stocks | 30/36 | €4,628 | €18,153 | +€13,525 | +292% |
| Amounts receivable within one year | 40/41 | €1,408 | €3,829 | +€2,421 | +172% |
| Trade receivables | 40 | €1,408 | €3,829 | +€2,421 | +172% |
| Cash at bank and in hand | 54/58 | €7,645 | €16,838 | +€9,193 | +120% |
| Deferred charges and accrued income | 490/1 | €579 | €612 | +€33 | +5.7% |
| Total equity and liabilities | 10/49 | €26,890 | €50,038 | +€23,149 | +86.1% |
| Equity | 10/15 | -€40,744 | -€49,562 | -€8,818 | -21.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,744 | -€69,562 | -€8,818 | -14.5% |
| Amounts payable | 17/49 | €67,633 | €99,600 | +€31,967 | +47.3% |
| Amounts payable after more than one year | 17 | €38,090 | €71,043 | +€32,953 | +86.5% |
| Financial debts | 170/4 | €38,090 | €71,043 | +€32,953 | +86.5% |
| Amounts payable within one year | 42/48 | €29,543 | €28,557 | -€987 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €10,934 | €12,240 | +€1,307 | +11.9% |
| Trade debts | 44 | €737 | €2,441 | +€1,704 | +231% |
| Suppliers | 440/4 | €737 | €2,441 | +€1,704 | +231% |
| Taxes, remuneration and social security | 45 | €6,972 | €13,875 | +€6,903 | +99.0% |
| Taxes | 450/3 | €6,972 | €9,860 | +€2,887 | +41.4% |
| Remuneration and social security | 454/9 | - | €4,016 | +€4,016 | |
| Other amounts payable | 47/48 | €10,901 | - | -€10,901 | |
| Remuneration, social security and pensions | 62 | - | €12,347 | +€12,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €2,301 | +€860 | +59.7% |
| Other operating charges | 640/8 | €75 | €3,025 | +€2,950 | +3,933% |
| Gross operating margin | 9900 | -€54,911 | €12,273 | +€67,184 | |
| Operating profit (loss) | 9901 | -€56,427 | -€5,400 | +€51,027 | +90.4% |
| Financial income | 75/76B | €13 | €13 | -€0 | -1.2% |
| Recurring financial income | 75 | €13 | €13 | -€0 | -1.2% |
| Financial charges | 65/66B | €4,330 | €3,430 | -€900 | -20.8% |
| Recurring financial charges | 65 | €4,330 | €3,430 | -€900 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€60,744 | -€8,818 | +€51,926 | +85.5% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€60,744 | -€8,818 | +€51,926 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,744 | -€8,818 | +€51,926 | +85.5% |
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 19 October 2026 via checked.be.