NACHE NET: 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.
NACHE NET
Largest movements
- Tangible fixed assets +€40,058
up €40,058 (+4,509%), from €888 to €40,946
of which Plant, machinery and equipment: +€40,667
- Receivables within one year +€39,593
up €39,593 (+304%), from €13,039 to €52,632
of which Trade receivables: +€52,150
- Stocks and contracts +€6,030
up €6,030 (+7.0%), from €86,250 to €92,280
- Trade debts +€53,685
up €53,685 (+297%), from €18,074 to €71,759
- Current portion of long-term debt +€24,560
new in 2024: €24,560
- Debts after one year +€23,440
new in 2024: €23,440
- Tax, wage and social debts -€20,000
down €20,000 (-91.3%), from €21,907 to €1,907
- Profit (loss) carried forward +€2,568
up €2,568 (+16.8%), from €15,304 to €17,872
- Gross operating margin +€9,348
up €9,348 (+133%), from €7,035 to €16,383
- Other operating charges +€6,903
up €6,903 (+975%), from €708 to €7,611
- Taxes -€5,788
no longer reported in 2024 (was €5,788)
- Depreciation +€3,329
up €3,329 (+185%), from €1,799 to €5,128
- Financial charges -€677
down €677 (-38.6%), from €1,756 to €1,078
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.
Derived cash bridge
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 | €127,827 | €211,922 | +€84,095 | +65.8% |
| Fixed assets | 21/28 | €1,219 | €41,277 | +€40,058 | +3,285% |
| Tangible fixed assets | 22/27 | €888 | €40,946 | +€40,058 | +4,509% |
| Plant, machinery and equipment | 23 | - | €40,667 | +€40,667 | |
| Furniture and vehicles | 24 | €888 | €279 | -€609 | -68.6% |
| Financial fixed assets | 28 | €331 | €331 | = | 0.0% |
| Current assets | 29/58 | €126,608 | €170,645 | +€44,038 | +34.8% |
| Stocks and contracts in progress | 3 | €86,250 | €92,280 | +€6,030 | +7.0% |
| Stocks | 30/36 | €86,250 | €92,280 | +€6,030 | +7.0% |
| Amounts receivable within one year | 40/41 | €13,039 | €52,632 | +€39,593 | +304% |
| Trade receivables | 40 | €52 | €52,201 | +€52,150 | +101,261% |
| Other amounts receivable | 41 | €12,987 | €431 | -€12,556 | -96.7% |
| Cash at bank and in hand | 54/58 | €27,021 | €25,517 | -€1,504 | -5.6% |
| Deferred charges and accrued income | 490/1 | €298 | €216 | -€82 | -27.4% |
| Total equity and liabilities | 10/49 | €127,827 | €211,922 | +€84,095 | +65.8% |
| Equity | 10/15 | €80,545 | €83,098 | +€2,553 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €46,627 | €46,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,767 | €44,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,304 | €17,872 | +€2,568 | +16.8% |
| Investment grants | 15 | €15 | - | -€15 | |
| Amounts payable | 17/49 | €47,282 | €128,824 | +€81,542 | +172% |
| Amounts payable after more than one year | 17 | - | €23,440 | +€23,440 | |
| Financial debts | 170/4 | - | €23,440 | +€23,440 | |
| Amounts payable within one year | 42/48 | €47,282 | €105,384 | +€58,102 | +123% |
| Current portion of amounts payable after more than one year | 42 | - | €24,560 | +€24,560 | |
| Financial debts | 43 | €38 | - | -€38 | |
| Credit institutions | 430/8 | €38 | - | -€38 | |
| Trade debts | 44 | €18,074 | €71,759 | +€53,685 | +297% |
| Suppliers | 440/4 | €18,074 | €71,759 | +€53,685 | +297% |
| Advances received on contracts in progress | 46 | €6,000 | €6,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,907 | €1,907 | -€20,000 | -91.3% |
| Remuneration and social security | 454/9 | €21,907 | €1,907 | -€20,000 | -91.3% |
| Other amounts payable | 47/48 | €1,263 | €1,159 | -€104 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,799 | €5,128 | +€3,329 | +185% |
| Other operating charges | 640/8 | €708 | €7,611 | +€6,903 | +975% |
| Gross operating margin | 9900 | €7,035 | €16,383 | +€9,348 | +133% |
| Operating profit (loss) | 9901 | €4,528 | €3,644 | -€884 | -19.5% |
| Financial income | 75/76B | €488 | €2 | -€486 | -99.5% |
| Recurring financial income | 75 | €488 | €2 | -€486 | -99.5% |
| Financial charges | 65/66B | €1,756 | €1,078 | -€677 | -38.6% |
| Recurring financial charges | 65 | €1,756 | €1,078 | -€677 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €3,261 | €2,568 | -€692 | -21.2% |
| Income taxes | 67/77 | €5,788 | - | -€5,788 | |
| Profit (loss) for the period | 9904 | -€2,528 | €2,568 | +€5,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,528 | €2,568 | +€5,096 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.