NADAFA: 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.
NADAFA
Largest movements
- Tangible fixed assets -€15,569
down €15,569 (-100%), from €15,569 to €0
- Receivables within one year -€912
down €912 (-13.9%), from €6,586 to €5,674
of which Other amounts receivable: -€812
- Cash -€422
down €422 (-2.8%), from €15,295 to €14,873
mainly Net result for the year (-€13,851) and Current portion of long-term debt (-€2,976)
- Profit (loss) carried forward -€13,851
down €13,851 (-64.7%), from €21,419 to €7,568
- Current portion of long-term debt -€2,976
down €2,976 (-100%), from €2,976 to €0
- Trade debts -€669
no longer reported in 2025 (was €669)
- Tax, wage and social debts +€599
up €599 (+30.4%), from €1,968 to €2,567
of which Remuneration and social security: +€332
- Turnover -€42,621
no longer reported in 2025 (was €42,621)
- Purchases and services -€36,671
no longer reported in 2025 (was €36,671)
- Financial charges +€10,899
up €10,899 (+1,114%), from €978 to €11,877
of which Non-recurring financial charges: +€11,024
- Gross operating margin -€7,362
down €7,362, from €5,950 to -€1,412
- Depreciation -€6,431
down €6,431 (-100%), from €6,431 to €0
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 | €37,688 | €20,791 | -€16,897 | -44.8% |
| Fixed assets | 21/28 | €15,569 | €0 | -€15,569 | -100% |
| Tangible fixed assets | 22/27 | €15,569 | €0 | -€15,569 | -100% |
| Furniture and vehicles | 24 | €15,569 | €0 | -€15,569 | -100% |
| Current assets | 29/58 | €22,119 | €20,791 | -€1,328 | -6.0% |
| Amounts receivable within one year | 40/41 | €6,586 | €5,674 | -€912 | -13.9% |
| Trade receivables | 40 | €3,519 | €3,419 | -€100 | -2.8% |
| Other amounts receivable | 41 | €3,067 | €2,255 | -€812 | -26.5% |
| Cash at bank and in hand | 54/58 | €15,295 | €14,873 | -€422 | -2.8% |
| Deferred charges and accrued income | 490/1 | €238 | €244 | +€6 | +2.5% |
| Total equity and liabilities | 10/49 | €37,688 | €20,791 | -€16,897 | -44.8% |
| Equity | 10/15 | €21,419 | €7,568 | -€13,851 | -64.7% |
| Profit (loss) carried forward | 14 | €21,419 | €7,568 | -€13,851 | -64.7% |
| Amounts payable | 17/49 | €16,269 | €13,223 | -€3,046 | -18.7% |
| Amounts payable after more than one year | 17 | €10,656 | €10,656 | = | 0.0% |
| Financial debts | 170/4 | €10,656 | €10,656 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,614 | €2,567 | -€3,046 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €2,976 | €0 | -€2,976 | -100% |
| Trade debts | 44 | €669 | - | -€669 | |
| Suppliers | 440/4 | €669 | - | -€669 | |
| Taxes, remuneration and social security | 45 | €1,968 | €2,567 | +€599 | +30.4% |
| Taxes | 450/3 | - | €267 | +€267 | |
| Remuneration and social security | 454/9 | €1,968 | €2,300 | +€332 | +16.9% |
| Turnover | 70 | €42,621 | - | -€42,621 | |
| Goods, raw materials, services and sundry goods | 60/61 | €36,671 | - | -€36,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,431 | €0 | -€6,431 | -100% |
| Other operating charges | 640/8 | €653 | €562 | -€91 | -13.9% |
| Gross operating margin | 9900 | €5,950 | -€1,412 | -€7,362 | |
| Operating profit (loss) | 9901 | -€1,134 | -€1,974 | -€840 | -74.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €978 | €11,877 | +€10,899 | +1,114% |
| Recurring financial charges | 65 | €978 | €853 | -€125 | -12.8% |
| Non-recurring financial charges | 66B | - | €11,024 | +€11,024 | |
| Profit (loss) for the period before taxes | 9903 | -€2,112 | -€13,851 | -€11,739 | -556% |
| Income taxes | 67/77 | €1,479 | - | -€1,479 | |
| Profit (loss) for the period | 9904 | -€3,591 | -€13,851 | -€10,260 | -286% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,591 | -€13,851 | -€10,260 | -286% |
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.