NADA: 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.
NADA
Largest movements
- Tangible fixed assets -€103,754
down €103,754 (-35.7%), from €290,335 to €186,581
- Current investments +€90,697
new in 2025: €90,697
- Reserves +€36,852
up €36,852 (+737.0%), from €5,000 to €41,852
- Debts after one year -€30,024
down €30,024 (-22.8%), from €131,740 to €101,715
- Other debts -€19,349
down €19,349 (-19.3%), from €100,081 to €80,732
- Current portion of long-term debt -€8,415
down €8,415 (-35.8%), from €23,523 to €15,108
- Profit (loss) carried forward +€4,732
no longer reported in 2025 (was -€4,732)
- Financial income +€84,832
new in 2025: €84,832
of which Non-recurring financial income: +€84,250
- Gross operating margin -€39,394
down €39,394, from €39,048 to -€346
- Taxes +€16,098
new in 2025: €16,098
- Depreciation -€9,928
down €9,928 (-43.3%), from €22,933 to €13,005
- Other operating charges -€1,977
down €1,977 (-34.6%), from €5,710 to €3,733
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 | €293,033 | €278,278 | -€14,755 | -5.0% |
| Fixed assets | 21/28 | €290,335 | €186,581 | -€103,754 | -35.7% |
| Tangible fixed assets | 22/27 | €290,335 | €186,581 | -€103,754 | -35.7% |
| Land and buildings | 22 | €290,335 | €186,581 | -€103,754 | -35.7% |
| Current assets | 29/58 | €2,698 | €91,697 | +€88,999 | +3298.9% |
| Current investments | 50/53 | - | €90,697 | +€90,697 | |
| Cash at bank and in hand | 54/58 | €1,867 | €1,000 | -€867 | -46.4% |
| Deferred charges and accrued income | 490/1 | €831 | - | -€831 | |
| Total equity and liabilities | 10/49 | €293,033 | €278,278 | -€14,755 | -5.0% |
| Equity | 10/15 | €25,268 | €66,852 | +€41,584 | +164.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €41,852 | +€36,852 | +737.0% |
| Distributable reserves | 133 | €5,000 | €41,852 | +€36,852 | +737.0% |
| Profit (loss) carried forward | 14 | -€4,732 | - | +€4,732 | |
| Amounts payable | 17/49 | €267,765 | €211,426 | -€56,339 | -21.0% |
| Amounts payable after more than one year | 17 | €131,740 | €101,715 | -€30,024 | -22.8% |
| Financial debts | 170/4 | €131,740 | €101,715 | -€30,024 | -22.8% |
| Amounts payable within one year | 42/48 | €134,085 | €108,571 | -€25,514 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €23,523 | €15,108 | -€8,415 | -35.8% |
| Financial debts | 43 | €3,526 | €7,128 | +€3,601 | +102.1% |
| Credit institutions | 430/8 | €3,526 | €7,128 | +€3,601 | +102.1% |
| Trade debts | 44 | €6,955 | €4,672 | -€2,282 | -32.8% |
| Suppliers | 440/4 | €6,955 | €4,672 | -€2,282 | -32.8% |
| Taxes, remuneration and social security | 45 | - | €930 | +€930 | |
| Taxes | 450/3 | - | €930 | +€930 | |
| Other amounts payable | 47/48 | €100,081 | €80,732 | -€19,349 | -19.3% |
| Accrued charges and deferred income | 492/3 | €1,940 | €1,140 | -€800 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,933 | €13,005 | -€9,928 | -43.3% |
| Other operating charges | 640/8 | €5,710 | €3,733 | -€1,977 | -34.6% |
| Gross operating margin | 9900 | €39,048 | -€346 | -€39,394 | |
| Operating profit (loss) | 9901 | €10,405 | -€17,083 | -€27,488 | |
| Financial income | 75/76B | - | €84,832 | +€84,832 | |
| Recurring financial income | 75 | - | €581 | +€581 | |
| Non-recurring financial income | 76B | - | €84,250 | +€84,250 | |
| Financial charges | 65/66B | €6,730 | €5,067 | -€1,663 | -24.7% |
| Recurring financial charges | 65 | €6,730 | €5,067 | -€1,663 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €3,675 | €62,682 | +€59,006 | +1605.6% |
| Income taxes | 67/77 | - | €16,098 | +€16,098 | |
| Profit (loss) for the period | 9904 | €3,675 | €46,584 | +€42,909 | +1167.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,675 | €46,584 | +€42,909 | +1167.6% |
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 30 September 2026 via checked.be.