NADAX: 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.
NADAX
Largest movements
- Receivables within one year -€13,380
down €13,380 (-8.1%), from €165,099 to €151,719
of which Other amounts receivable: -€12,775
- Reserves -€19,260
down €19,260 (-3.8%), from €509,550 to €490,290
- Trade debts +€7,260
new in 2025: €7,260
- Financial income -€12,645
down €12,645 (-52.9%), from €23,926 to €11,280
- Taxes -€1,291
down €1,291 (-15.3%), from €8,433 to €7,143
- Gross operating margin -€421
down €421 (-2.3%), from €17,953 to €17,532
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 | €621,496 | €612,435 | -€9,061 | -1.5% |
| Fixed assets | 21/28 | €439,450 | €439,450 | = | 0.0% |
| Financial fixed assets | 28 | €439,450 | €439,450 | = | 0.0% |
| Current assets | 29/58 | €182,046 | €172,985 | -€9,061 | -5.0% |
| Amounts receivable within one year | 40/41 | €165,099 | €151,719 | -€13,380 | -8.1% |
| Trade receivables | 40 | €13,915 | €13,310 | -€605 | -4.3% |
| Other amounts receivable | 41 | €151,184 | €138,409 | -€12,775 | -8.4% |
| Cash at bank and in hand | 54/58 | €16,585 | €19,766 | +€3,181 | +19.2% |
| Deferred charges and accrued income | 490/1 | €363 | €1,500 | +€1,137 | +314% |
| Total equity and liabilities | 10/49 | €621,496 | €612,435 | -€9,061 | -1.5% |
| Equity | 10/15 | €544,578 | €525,326 | -€19,251 | -3.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €509,550 | €490,290 | -€19,260 | -3.8% |
| Distributable reserves | 133 | €509,550 | €490,290 | -€19,260 | -3.8% |
| Profit (loss) carried forward | 14 | €28 | €36 | +€9 | +31.1% |
| Amounts payable | 17/49 | €76,918 | €87,109 | +€10,190 | +13.2% |
| Amounts payable within one year | 42/48 | €76,918 | €87,109 | +€10,190 | +13.2% |
| Financial debts | 43 | €5,283 | €5,251 | -€31 | -0.6% |
| Credit institutions | 430/8 | €5,283 | €5,251 | -€31 | -0.6% |
| Trade debts | 44 | - | €7,260 | +€7,260 | |
| Suppliers | 440/4 | - | €7,260 | +€7,260 | |
| Taxes, remuneration and social security | 45 | €2,415 | €0 | -€2,415 | -100% |
| Taxes | 450/3 | €2,415 | €0 | -€2,415 | -100% |
| Other amounts payable | 47/48 | €69,221 | €74,597 | +€5,376 | +7.8% |
| Other operating charges | 640/8 | €565 | €700 | +€135 | +23.9% |
| Gross operating margin | 9900 | €17,953 | €17,532 | -€421 | -2.3% |
| Operating profit (loss) | 9901 | €17,387 | €16,832 | -€556 | -3.2% |
| Financial income | 75/76B | €23,926 | €11,280 | -€12,645 | -52.9% |
| Recurring financial income | 75 | €23,926 | €11,280 | -€12,645 | -52.9% |
| Financial charges | 65/66B | €349 | €221 | -€128 | -36.7% |
| Recurring financial charges | 65 | €349 | €221 | -€128 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €40,964 | €27,891 | -€13,073 | -31.9% |
| Income taxes | 67/77 | €8,433 | €7,143 | -€1,291 | -15.3% |
| Profit (loss) for the period | 9904 | €32,531 | €20,749 | -€11,782 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,531 | €20,749 | -€11,782 | -36.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.