NADKAN: 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.
NADKAN
Largest movements
- Tangible fixed assets -€13,894
down €13,894 (-6.1%), from €227,549 to €213,655
of which Land and buildings: -€12,568
- Profit (loss) carried forward -€70,933
down €70,933 (-23.1%), from -€306,555 to -€377,487
- Other debts +€56,411
up €56,411 (+21.0%), from €269,026 to €325,437
- Gross operating margin -€39,115
down €39,115, from €35,318 to -€3,797
- Depreciation -€16,691
down €16,691 (-54.6%), from €30,584 to €13,894
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 | €266,105 | €251,549 | -€14,555 | -5.5% |
| Fixed assets | 21/28 | €227,549 | €213,655 | -€13,894 | -6.1% |
| Tangible fixed assets | 22/27 | €227,549 | €213,655 | -€13,894 | -6.1% |
| Land and buildings | 22 | €223,571 | €211,003 | -€12,568 | -5.6% |
| Other tangible fixed assets | 26 | €3,977 | €2,652 | -€1,326 | -33.3% |
| Current assets | 29/58 | €38,556 | €37,895 | -€661 | -1.7% |
| Amounts receivable within one year | 40/41 | €37,198 | €37,770 | +€572 | +1.5% |
| Other amounts receivable | 41 | €37,198 | €37,770 | +€572 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,358 | €125 | -€1,234 | -90.8% |
| Total equity and liabilities | 10/49 | €266,105 | €251,549 | -€14,555 | -5.5% |
| Equity | 10/15 | -€2,955 | -€73,888 | -€70,933 | -2400.1% |
| Contributions | 10/11 | €301,739 | €301,739 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€306,555 | -€377,487 | -€70,933 | -23.1% |
| Amounts payable | 17/49 | €269,060 | €325,437 | +€56,378 | +21.0% |
| Amounts payable within one year | 42/48 | €269,060 | €325,437 | +€56,378 | +21.0% |
| Trade debts | 44 | €34 | - | -€34 | |
| Suppliers | 440/4 | €34 | - | -€34 | |
| Other amounts payable | 47/48 | €269,026 | €325,437 | +€56,411 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,584 | €13,894 | -€16,691 | -54.6% |
| Other operating charges | 640/8 | €52,506 | €52,791 | +€285 | +0.5% |
| Gross operating margin | 9900 | €35,318 | -€3,797 | -€39,115 | |
| Operating profit (loss) | 9901 | -€47,772 | -€70,482 | -€22,710 | -47.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €158 | €456 | +€298 | +189.0% |
| Recurring financial charges | 65 | €158 | €456 | +€298 | +189.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,930 | -€70,933 | -€23,003 | -48.0% |
| Profit (loss) for the period | 9904 | -€47,930 | -€70,933 | -€23,003 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,930 | -€70,933 | -€23,003 | -48.0% |
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 8 October 2026 via checked.be.