Nadja: 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.
Nadja
Largest movements
- Receivables within one year -€43,191
down €43,191 (-48.7%), from €88,757 to €45,567
of which Other amounts receivable: -€44,794
- Cash +€40,163
up €40,163 (+22.4%), from €179,500 to €219,662
mainly Tax, wage and social debts (+€47,288) and Receivables within one year (+€43,191)
- Accrued charges and deferred income -€75,929
down €75,929 (-76.6%), from €99,084 to €23,155
- Tax, wage and social debts +€47,288
up €47,288 (+62.8%), from €75,267 to €122,556
of which Remuneration and social security: +€48,446
- Provisions +€25,000
new in 2025: €25,000
- Gross operating margin +€163,402
up €163,402 (+24.7%), from €661,163 to €824,565
- Staff costs +€127,528
up €127,528 (+19.4%), from €658,511 to €786,038
- Write-downs +€25,000
new in 2025: €25,000
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 | €277,848 | €276,020 | -€1,828 | -0.7% |
| Fixed assets | 21/28 | €9,591 | €10,791 | +€1,200 | +12.5% |
| Intangible fixed assets | 21 | €2,697 | €4,904 | +€2,207 | +81.8% |
| Tangible fixed assets | 22/27 | €2,594 | €1,587 | -€1,008 | -38.8% |
| Furniture and vehicles | 24 | €2,594 | €1,587 | -€1,008 | -38.8% |
| Financial fixed assets | 28 | €4,300 | €4,300 | = | 0.0% |
| Current assets | 29/58 | €268,257 | €265,229 | -€3,028 | -1.1% |
| Amounts receivable within one year | 40/41 | €88,757 | €45,567 | -€43,191 | -48.7% |
| Trade receivables | 40 | €8,772 | €10,375 | +€1,603 | +18.3% |
| Other amounts receivable | 41 | €79,985 | €35,191 | -€44,794 | -56.0% |
| Cash at bank and in hand | 54/58 | €179,500 | €219,662 | +€40,163 | +22.4% |
| Total equity and liabilities | 10/49 | €277,848 | €276,020 | -€1,828 | -0.7% |
| Equity | 10/15 | €102,479 | €104,184 | +€1,705 | +1.7% |
| Contributions | 10/11 | €93,767 | €93,767 | = | 0.0% |
| Capital | 10 | €93,767 | €93,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,712 | €10,417 | +€1,705 | +19.6% |
| Provisions and deferred taxes | 16 | - | €25,000 | +€25,000 | |
| Provisions for liabilities and charges | 160/5 | - | €25,000 | +€25,000 | |
| Pensions and similar obligations | 160 | - | €25,000 | +€25,000 | |
| Amounts payable | 17/49 | €175,369 | €146,837 | -€28,533 | -16.3% |
| Amounts payable within one year | 42/48 | €76,285 | €123,681 | +€47,396 | +62.1% |
| Trade debts | 44 | €639 | €747 | +€107 | +16.8% |
| Suppliers | 440/4 | €639 | €747 | +€107 | +16.8% |
| Advances received on contracts in progress | 46 | €379 | €379 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €75,267 | €122,556 | +€47,288 | +62.8% |
| Taxes | 450/3 | €1,375 | €217 | -€1,157 | -84.2% |
| Remuneration and social security | 454/9 | €73,893 | €122,338 | +€48,446 | +65.6% |
| Accrued charges and deferred income | 492/3 | €99,084 | €23,155 | -€75,929 | -76.6% |
| Non-recurring operating income | 76A | €910 | €46,312 | +€45,403 | +4991.1% |
| Remuneration, social security and pensions | 62 | €658,511 | €786,038 | +€127,528 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,478 | €4,318 | +€1,839 | +74.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,000 | +€25,000 | |
| Other operating charges | 640/8 | €459 | €316 | -€143 | -31.1% |
| Non-recurring operating charges | 66A | €22,093 | €7,692 | -€14,402 | -65.2% |
| Gross operating margin | 9900 | €661,163 | €824,565 | +€163,402 | +24.7% |
| Operating profit (loss) | 9901 | -€22,378 | €1,201 | +€23,580 | |
| Financial income | 75/76B | €1,139 | €913 | -€227 | -19.9% |
| Recurring financial income | 75 | €1,139 | €913 | -€227 | -19.9% |
| Financial charges | 65/66B | €475 | €409 | -€66 | -13.9% |
| Recurring financial charges | 65 | €475 | €409 | -€66 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,715 | €1,705 | +€23,419 | |
| Profit (loss) for the period | 9904 | -€21,715 | €1,705 | +€23,419 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,715 | €1,705 | +€23,419 |
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 10 October 2026 via checked.be.