NACU: 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.
NACU
Largest movements
- Cash -€37,262
down €37,262 (-44.4%), from €83,899 to €46,637
mainly Investment in fixed assets (net) (-€47,980) and Tax, wage and social debts (-€34,336)
- Tangible fixed assets +€37,172
up €37,172 (+17.9%), from €207,350 to €244,522
of which Land and buildings: +€41,187
- Receivables within one year +€3,367
up €3,367 (+10.9%), from €30,852 to €34,219
of which Other amounts receivable: +€11,542
- Tax, wage and social debts -€34,336
down €34,336 (-81.1%), from €42,343 to €8,007
- Other debts +€18,703
up €18,703 (+63.1%), from €29,634 to €48,336
- Reserves +€17,000
up €17,000 (+7.3%), from €234,000 to €251,000
- Gross operating margin -€61,946
down €61,946 (-60.1%), from €103,006 to €41,060
- Taxes -€18,917
down €18,917 (-70.1%), from €26,985 to €8,068
- Financial income -€4,695
down €4,695 (-98.7%), from €4,755 to €60
- Depreciation -€4,105
down €4,105 (-27.5%), from €14,913 to €10,808
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.
Derived cash bridge
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 | €322,541 | €327,652 | +€5,112 | +1.6% |
| Fixed assets | 21/28 | €207,350 | €244,522 | +€37,172 | +17.9% |
| Tangible fixed assets | 22/27 | €207,350 | €244,522 | +€37,172 | +17.9% |
| Land and buildings | 22 | €192,409 | €233,597 | +€41,187 | +21.4% |
| Furniture and vehicles | 24 | €1,794 | €0 | -€1,794 | -100% |
| Other tangible fixed assets | 26 | €13,147 | €10,925 | -€2,222 | -16.9% |
| Current assets | 29/58 | €115,191 | €83,130 | -€32,060 | -27.8% |
| Amounts receivable within one year | 40/41 | €30,852 | €34,219 | +€3,367 | +10.9% |
| Trade receivables | 40 | €17,004 | €8,829 | -€8,175 | -48.1% |
| Other amounts receivable | 41 | €13,848 | €25,391 | +€11,542 | +83.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €83,899 | €46,637 | -€37,262 | -44.4% |
| Deferred charges and accrued income | 490/1 | €439 | €2,274 | +€1,835 | +418% |
| Total equity and liabilities | 10/49 | €322,541 | €327,652 | +€5,112 | +1.6% |
| Equity | 10/15 | €248,812 | €266,665 | +€17,853 | +7.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €234,000 | €251,000 | +€17,000 | +7.3% |
| Distributable reserves | 133 | €234,000 | €251,000 | +€17,000 | +7.3% |
| Profit (loss) carried forward | 14 | €10,812 | €11,665 | +€853 | +7.9% |
| Amounts payable | 17/49 | €73,729 | €60,988 | -€12,741 | -17.3% |
| Amounts payable within one year | 42/48 | €73,729 | €60,988 | -€12,741 | -17.3% |
| Financial debts | 43 | €688 | €2,527 | +€1,839 | +267% |
| Credit institutions | 430/8 | €688 | €2,527 | +€1,839 | +267% |
| Trade debts | 44 | €1,064 | €2,117 | +€1,053 | +99.0% |
| Suppliers | 440/4 | €1,064 | €2,117 | +€1,053 | +99.0% |
| Taxes, remuneration and social security | 45 | €42,343 | €8,007 | -€34,336 | -81.1% |
| Taxes | 450/3 | €42,343 | €8,007 | -€34,336 | -81.1% |
| Other amounts payable | 47/48 | €29,634 | €48,336 | +€18,703 | +63.1% |
| Remuneration, social security and pensions | 62 | €3,520 | €3,520 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,913 | €10,808 | -€4,105 | -27.5% |
| Other operating charges | 640/8 | €1,071 | €608 | -€464 | -43.3% |
| Non-recurring operating charges | 66A | €8,794 | €0 | -€8,794 | -100% |
| Gross operating margin | 9900 | €103,006 | €41,060 | -€61,946 | -60.1% |
| Operating profit (loss) | 9901 | €74,708 | €26,124 | -€48,584 | -65.0% |
| Financial income | 75/76B | €4,755 | €60 | -€4,695 | -98.7% |
| Recurring financial income | 75 | €4,755 | €60 | -€4,695 | -98.7% |
| Financial charges | 65/66B | €249 | €263 | +€14 | +5.6% |
| Recurring financial charges | 65 | €249 | €263 | +€14 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €79,214 | €25,921 | -€53,293 | -67.3% |
| Income taxes | 67/77 | €26,985 | €8,068 | -€18,917 | -70.1% |
| Profit (loss) for the period | 9904 | €52,228 | €17,853 | -€34,376 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,228 | €17,853 | -€34,376 | -65.8% |
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 14 October 2026 via checked.be.