NACHOS: 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.
NACHOS
Largest movements
- Tangible fixed assets -€43,932
down €43,932 (-3.3%), from €1.3m to €1.3m
of which Land and buildings: -€43,932
- Cash +€16,244
up €16,244 (+147.3%), from €11,028 to €27,272
mainly Depreciation (+€51,815) and Net result for the year (+€35,467)
- Debts after one year -€89,081
down €89,081 (-10.2%), from €871,126 to €782,045
of which Financial debts: -€66,581
- Profit (loss) carried forward +€35,467
up €35,467 (+10.1%), from €352,504 to €387,971
- Current portion of long-term debt +€14,322
up €14,322 (+20.4%), from €70,277 to €84,599
- Gross operating margin -€11,831
down €11,831 (-7.3%), from €161,830 to €149,999
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 | €1,370,102 | €1,334,778 | -€35,325 | -2.6% |
| Fixed assets | 21/28 | €1,348,261 | €1,304,328 | -€43,932 | -3.3% |
| Tangible fixed assets | 22/27 | €1,348,261 | €1,304,328 | -€43,932 | -3.3% |
| Land and buildings | 22 | €1,348,261 | €1,304,328 | -€43,932 | -3.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €21,842 | €30,449 | +€8,608 | +39.4% |
| Amounts receivable within one year | 40/41 | €10,000 | €3,178 | -€6,822 | -68.2% |
| Other amounts receivable | 41 | €10,000 | €3,178 | -€6,822 | -68.2% |
| Cash at bank and in hand | 54/58 | €11,028 | €27,272 | +€16,244 | +147.3% |
| Deferred charges and accrued income | 490/1 | €813 | - | -€813 | |
| Total equity and liabilities | 10/49 | €1,370,102 | €1,334,778 | -€35,325 | -2.6% |
| Equity | 10/15 | €420,704 | €456,171 | +€35,467 | +8.4% |
| 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% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,504 | €387,971 | +€35,467 | +10.1% |
| Amounts payable | 17/49 | €949,399 | €878,607 | -€70,792 | -7.5% |
| Amounts payable after more than one year | 17 | €871,126 | €782,045 | -€89,081 | -10.2% |
| Financial debts | 170/4 | €848,626 | €782,045 | -€66,581 | -7.8% |
| Other amounts payable | 178/9 | €22,500 | - | -€22,500 | |
| Amounts payable within one year | 42/48 | €78,273 | €95,563 | +€17,290 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €70,277 | €84,599 | +€14,322 | +20.4% |
| Financial debts | 43 | €6,080 | €9,048 | +€2,968 | +48.8% |
| Credit institutions | 430/8 | €6,080 | €9,048 | +€2,968 | +48.8% |
| Taxes, remuneration and social security | 45 | €1,917 | €1,917 | = | 0.0% |
| Taxes | 450/3 | €1,917 | €1,917 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,446 | €51,815 | +€1,369 | +2.7% |
| Other operating charges | 640/8 | €19,694 | €20,312 | +€618 | +3.1% |
| Gross operating margin | 9900 | €161,830 | €149,999 | -€11,831 | -7.3% |
| Operating profit (loss) | 9901 | €91,689 | €77,872 | -€13,817 | -15.1% |
| Financial charges | 65/66B | €31,908 | €30,582 | -€1,326 | -4.2% |
| Recurring financial charges | 65 | €31,908 | €30,582 | -€1,326 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €59,781 | €47,290 | -€12,491 | -20.9% |
| Income taxes | 67/77 | €11,917 | €11,822 | -€94 | -0.8% |
| Profit (loss) for the period | 9904 | €47,864 | €35,467 | -€12,397 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,864 | €35,467 | -€12,397 | -25.9% |
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 3 October 2026 via checked.be.