NADIA SANCHEZ: 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.
NADIA SANCHEZ
Largest movements
- Cash +€75,653
up €75,653 (+68.1%), from €111,116 to €186,770
mainly Net result for the year (+€65,968) and Tax, wage and social debts (+€8,724)
- Reserves +€65,968
new in 2025: €65,968
- Tax, wage and social debts +€8,724
up €8,724 (+33.5%), from €26,010 to €34,734
- Taxes +€8,053
up €8,053 (+47.4%), from €16,987 to €25,040
- Gross operating margin +€6,569
up €6,569 (+7.5%), from €88,079 to €94,648
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 | €111,116 | €186,770 | +€75,653 | +68.1% |
| Current assets | 29/58 | €111,116 | €186,770 | +€75,653 | +68.1% |
| Cash at bank and in hand | 54/58 | €111,116 | €186,770 | +€75,653 | +68.1% |
| Total equity and liabilities | 10/49 | €111,116 | €186,770 | +€75,653 | +68.1% |
| Equity | 10/15 | €84,399 | €150,367 | +€65,968 | +78.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €65,968 | +€65,968 | |
| Distributable reserves | 133 | - | €65,968 | +€65,968 | |
| Profit (loss) carried forward | 14 | €82,399 | €82,399 | = | 0.0% |
| Amounts payable | 17/49 | €26,717 | €36,402 | +€9,685 | +36.3% |
| Amounts payable within one year | 42/48 | €26,717 | €36,402 | +€9,685 | +36.3% |
| Trade debts | 44 | €707 | €1,025 | +€318 | +45.0% |
| Suppliers | 440/4 | €707 | €1,025 | +€318 | +45.0% |
| Taxes, remuneration and social security | 45 | €26,010 | €34,734 | +€8,724 | +33.5% |
| Taxes | 450/3 | €26,010 | €34,734 | +€8,724 | +33.5% |
| Other amounts payable | 47/48 | - | €643 | +€643 | |
| Other operating charges | 640/8 | €3,208 | €3,470 | +€262 | +8.2% |
| Gross operating margin | 9900 | €88,079 | €94,648 | +€6,569 | +7.5% |
| Operating profit (loss) | 9901 | €84,871 | €91,178 | +€6,307 | +7.4% |
| Financial charges | 65/66B | €64 | €170 | +€106 | +166% |
| Recurring financial charges | 65 | €64 | €170 | +€106 | +166% |
| Profit (loss) for the period before taxes | 9903 | €84,808 | €91,008 | +€6,200 | +7.3% |
| Income taxes | 67/77 | €16,987 | €25,040 | +€8,053 | +47.4% |
| Profit (loss) for the period | 9904 | €67,821 | €65,968 | -€1,853 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,821 | €65,968 | -€1,853 | -2.7% |
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 24 October 2026 via checked.be.