NACEL: 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.
NACEL
Largest movements
- Cash +€16,656
up €16,656 (+58.9%), from €28,271 to €44,927
mainly Net result for the year (+€27,443) and Tax, wage and social debts (+€14,525)
- Tangible fixed assets +€13,951
up €13,951 (+43.5%), from €32,061 to €46,012
of which Land and buildings: +€15,738
- Stocks and contracts -€2,437
no longer reported in 2024 (was €2,437)
- Deferred charges and accrued income -€1,931
down €1,931 (-63.9%), from €3,023 to €1,092
- Profit (loss) carried forward +€27,443
up €27,443 (+176.9%), from €15,515 to €42,958
- Other debts -€16,596
no longer reported in 2024 (was €16,596)
- Tax, wage and social debts +€14,525
up €14,525 (+83.1%), from €17,486 to €32,011
of which Taxes: +€14,179
- Staff costs -€29,654
down €29,654 (-27.4%), from €108,379 to €78,724
- Other operating charges +€9,026
up €9,026 (+353.0%), from €2,557 to €11,583
- Taxes +€8,926
up €8,926 (+571.9%), from €1,561 to €10,486
- Gross operating margin +€6,457
up €6,457 (+4.7%), from €137,846 to €144,303
- Financial charges +€2,495
up €2,495 (+67.7%), from €3,685 to €6,180
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,265 | €93,994 | +€25,729 | +37.7% |
| Fixed assets | 21/28 | €32,160 | €46,111 | +€13,951 | +43.4% |
| Tangible fixed assets | 22/27 | €32,061 | €46,012 | +€13,951 | +43.5% |
| Land and buildings | 22 | €8,119 | €23,857 | +€15,738 | +193.8% |
| Plant, machinery and equipment | 23 | €18,360 | €15,915 | -€2,445 | -13.3% |
| Furniture and vehicles | 24 | €5,582 | €6,240 | +€658 | +11.8% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €36,105 | €47,884 | +€11,779 | +32.6% |
| Stocks and contracts in progress | 3 | €2,437 | - | -€2,437 | |
| Stocks | 30/36 | €2,437 | - | -€2,437 | |
| Amounts receivable within one year | 40/41 | €2,374 | €1,864 | -€510 | -21.5% |
| Other amounts receivable | 41 | €2,374 | €1,864 | -€510 | -21.5% |
| Cash at bank and in hand | 54/58 | €28,271 | €44,927 | +€16,656 | +58.9% |
| Deferred charges and accrued income | 490/1 | €3,023 | €1,092 | -€1,931 | -63.9% |
| Total equity and liabilities | 10/49 | €68,265 | €93,994 | +€25,729 | +37.7% |
| Equity | 10/15 | €34,107 | €61,550 | +€27,443 | +80.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,515 | €42,958 | +€27,443 | +176.9% |
| Amounts payable | 17/49 | €34,158 | €32,445 | -€1,713 | -5.0% |
| Amounts payable within one year | 42/48 | €34,158 | €32,445 | -€1,713 | -5.0% |
| Trade debts | 44 | €76 | €434 | +€358 | +473.6% |
| Suppliers | 440/4 | €76 | €434 | +€358 | +473.6% |
| Taxes, remuneration and social security | 45 | €17,486 | €32,011 | +€14,525 | +83.1% |
| Taxes | 450/3 | €3,130 | €17,309 | +€14,179 | +453.0% |
| Remuneration and social security | 454/9 | €14,356 | €14,702 | +€346 | +2.4% |
| Other amounts payable | 47/48 | €16,596 | - | -€16,596 | |
| Remuneration, social security and pensions | 62 | €108,379 | €78,724 | -€29,654 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,965 | €9,887 | +€1,922 | +24.1% |
| Other operating charges | 640/8 | €2,557 | €11,583 | +€9,026 | +353.0% |
| Gross operating margin | 9900 | €137,846 | €144,303 | +€6,457 | +4.7% |
| Operating profit (loss) | 9901 | €18,945 | €44,108 | +€25,163 | +132.8% |
| Financial charges | 65/66B | €3,685 | €6,180 | +€2,495 | +67.7% |
| Recurring financial charges | 65 | €3,685 | €6,180 | +€2,495 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €15,260 | €37,929 | +€22,669 | +148.6% |
| Income taxes | 67/77 | €1,561 | €10,486 | +€8,926 | +571.9% |
| Profit (loss) for the period | 9904 | €13,699 | €27,443 | +€13,743 | +100.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,699 | €27,443 | +€13,743 | +100.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.