NACHRIS: 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.
NACHRIS
Largest movements
- Tangible fixed assets -€66,088
down €66,088 (-7.2%), from €918,890 to €852,801
of which Land and buildings: -€65,132
- Profit (loss) carried forward +€177,942
up €177,942 (+33.9%), from -€525,245 to -€347,303
- Short-term financial debts -€165,804
no longer reported in 2025 (was €165,804)
- Trade debts -€38,132
no longer reported in 2025 (was €38,132)
- Other debts -€19,915
down €19,915 (-22.7%), from €87,728 to €67,813
- Reserves -€15,723
down €15,723 (-5.8%), from €272,161 to €256,438
of which Tax-exempt reserves: -€15,723
- Gross operating margin +€224,752
up €224,752 (+1298.1%), from €17,314 to €242,066
- Depreciation -€25,868
down €25,868 (-34.0%), from €76,170 to €50,303
- Financial charges -€11,880
down €11,880 (-47.9%), from €24,811 to €12,931
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 | €929,982 | €860,106 | -€69,876 | -7.5% |
| Fixed assets | 21/28 | €918,890 | €852,801 | -€66,088 | -7.2% |
| Tangible fixed assets | 22/27 | €918,890 | €852,801 | -€66,088 | -7.2% |
| Land and buildings | 22 | €917,501 | €852,369 | -€65,132 | -7.1% |
| Plant, machinery and equipment | 23 | €1,189 | €432 | -€756 | -63.6% |
| Furniture and vehicles | 24 | €200 | - | -€200 | |
| Current assets | 29/58 | €11,092 | €7,304 | -€3,788 | -34.1% |
| Amounts receivable within one year | 40/41 | €10,637 | €5,937 | -€4,700 | -44.2% |
| Other amounts receivable | 41 | €10,637 | €5,937 | -€4,700 | -44.2% |
| Cash at bank and in hand | 54/58 | €455 | €1,368 | +€912 | +200.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €929,982 | €860,106 | -€69,876 | -7.5% |
| Equity | 10/15 | €421,916 | €584,134 | +€162,219 | +38.4% |
| Contributions | 10/11 | €675,000 | €675,000 | = | 0.0% |
| Capital | 10 | €675,000 | €675,000 | = | 0.0% |
| Issued capital | 100 | €675,000 | €675,000 | = | 0.0% |
| Reserves | 13 | €272,161 | €256,438 | -€15,723 | -5.8% |
| Non-distributable reserves | 130/1 | €9,852 | €9,852 | = | 0.0% |
| Legal reserve | 130 | €9,852 | €9,852 | = | 0.0% |
| Tax-exempt reserves | 132 | €262,309 | €246,586 | -€15,723 | -6.0% |
| Profit (loss) carried forward | 14 | -€525,245 | -€347,303 | +€177,942 | +33.9% |
| Provisions and deferred taxes | 16 | €19,720 | €18,756 | -€964 | -4.9% |
| Deferred taxes | 168 | €19,720 | €18,756 | -€964 | -4.9% |
| Amounts payable | 17/49 | €488,346 | €257,215 | -€231,131 | -47.3% |
| Amounts payable after more than one year | 17 | €139,970 | €137,560 | -€2,410 | -1.7% |
| Financial debts | 170/4 | €139,970 | €137,560 | -€2,410 | -1.7% |
| Amounts payable within one year | 42/48 | €348,376 | €119,655 | -€228,721 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €56,693 | €50,785 | -€5,909 | -10.4% |
| Financial debts | 43 | €165,804 | - | -€165,804 | |
| Credit institutions | 430/8 | €165,804 | - | -€165,804 | |
| Trade debts | 44 | €38,132 | - | -€38,132 | |
| Suppliers | 440/4 | €38,132 | - | -€38,132 | |
| Taxes, remuneration and social security | 45 | €19 | €1,057 | +€1,038 | +5429.8% |
| Taxes | 450/3 | €19 | €1,057 | +€1,038 | +5429.8% |
| Other amounts payable | 47/48 | €87,728 | €67,813 | -€19,915 | -22.7% |
| Non-recurring operating income | 76A | €0 | €188,576 | +€188,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,170 | €50,303 | -€25,868 | -34.0% |
| Other operating charges | 640/8 | €18,151 | €18,604 | +€453 | +2.5% |
| Gross operating margin | 9900 | €17,314 | €242,066 | +€224,752 | +1298.1% |
| Operating profit (loss) | 9901 | -€77,007 | €173,159 | +€250,166 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +182.9% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +182.9% |
| Financial charges | 65/66B | €24,811 | €12,931 | -€11,880 | -47.9% |
| Recurring financial charges | 65 | €24,811 | €12,931 | -€11,880 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | -€101,817 | €160,229 | +€262,046 | |
| Transfer from deferred taxes | 780 | €964 | €964 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€100,854 | €161,193 | +€262,047 | |
| Transfer from tax-exempt reserves | 789 | €15,723 | €15,723 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,131 | €176,916 | +€262,047 |
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 11 October 2026 via checked.be.