NACHRI: 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.
NACHRI
Largest movements
- Tangible fixed assets -€7,787
down €7,787 (-31.6%), from €24,660 to €16,873
- Cash -€4,493
down €4,493 (-10.9%), from €41,332 to €36,839
mainly Net result for the year (-€12,280) and Investment in fixed assets (net) (-€1)
- Profit (loss) carried forward -€12,280
down €12,280 (-34.5%), from -€35,563 to -€47,843
- Taxes -€4,792
no longer reported in 2025 (was €4,792)
- Gross operating margin -€551
down €551 (-15.6%), from -€3,529 to -€4,080
- Other operating charges +€89
up €89 (+32.2%), from €276 to €365
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 | €71,792 | €59,512 | -€12,280 | -17.1% |
| Fixed assets | 21/28 | €24,660 | €16,873 | -€7,787 | -31.6% |
| Tangible fixed assets | 22/27 | €24,660 | €16,873 | -€7,787 | -31.6% |
| Furniture and vehicles | 24 | €24,660 | €16,873 | -€7,787 | -31.6% |
| Current assets | 29/58 | €47,132 | €42,639 | -€4,493 | -9.5% |
| Amounts receivable within one year | 40/41 | €5,800 | €5,800 | = | 0.0% |
| Trade receivables | 40 | €5,800 | €5,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,332 | €36,839 | -€4,493 | -10.9% |
| Total equity and liabilities | 10/49 | €71,792 | €59,512 | -€12,280 | -17.1% |
| Equity | 10/15 | €71,600 | €59,320 | -€12,280 | -17.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €88,571 | €88,571 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €86,712 | €86,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,563 | -€47,843 | -€12,280 | -34.5% |
| Amounts payable | 17/49 | €192 | €192 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192 | €192 | = | 0.0% |
| Other amounts payable | 47/48 | €192 | €192 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,788 | €7,788 | = | 0.0% |
| Other operating charges | 640/8 | €276 | €365 | +€89 | +32.2% |
| Gross operating margin | 9900 | -€3,529 | -€4,080 | -€551 | -15.6% |
| Operating profit (loss) | 9901 | -€11,593 | -€12,233 | -€640 | -5.5% |
| Financial charges | 65/66B | €45 | €47 | +€2 | +4.4% |
| Recurring financial charges | 65 | €45 | €47 | +€2 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,638 | -€12,280 | -€642 | -5.5% |
| Income taxes | 67/77 | €4,792 | - | -€4,792 | |
| Profit (loss) for the period | 9904 | -€16,430 | -€12,280 | +€4,150 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,430 | -€12,280 | +€4,150 | +25.3% |
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 8 October 2026 via checked.be.