NADONA: 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.
NADONA
Largest movements
- Cash -€39,156
down €39,156 (-90.1%), from €43,451 to €4,295
mainly Debts after one year (-€21,865) and Investment in fixed assets (net) (-€17,096)
- Receivables within one year +€6,605
up €6,605 (+52.4%), from €12,604 to €19,209
- Debts after one year -€21,865
down €21,865 (-6.8%), from €323,054 to €301,189
of which Financial debts: -€21,865
- Profit (loss) carried forward -€15,138
down €15,138 (-35.8%), from -€42,279 to -€57,417
- Gross operating margin -€4,759
down €4,759 (-16.4%), from €29,096 to €24,337
- Other operating charges +€3,910
up €3,910 (+199.3%), from €1,962 to €5,872
- Financial income -€315
no longer reported in 2025 (was €315)
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 | €423,729 | €387,620 | -€36,109 | -8.5% |
| Fixed assets | 21/28 | €365,143 | €361,646 | -€3,497 | -1.0% |
| Tangible fixed assets | 22/27 | €365,143 | €361,646 | -€3,497 | -1.0% |
| Land and buildings | 22 | €355,929 | €354,582 | -€1,346 | -0.4% |
| Furniture and vehicles | 24 | €9,215 | €7,064 | -€2,151 | -23.3% |
| Current assets | 29/58 | €58,586 | €25,974 | -€32,612 | -55.7% |
| Amounts receivable within one year | 40/41 | €12,604 | €19,209 | +€6,605 | +52.4% |
| Other amounts receivable | 41 | €12,604 | €19,209 | +€6,605 | +52.4% |
| Cash at bank and in hand | 54/58 | €43,451 | €4,295 | -€39,156 | -90.1% |
| Deferred charges and accrued income | 490/1 | €2,532 | €2,471 | -€61 | -2.4% |
| Total equity and liabilities | 10/49 | €423,729 | €387,620 | -€36,109 | -8.5% |
| Equity | 10/15 | €22,819 | €7,681 | -€15,138 | -66.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,098 | €3,098 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,098 | €3,098 | = | 0.0% |
| Legal reserve | 130 | €3,098 | €3,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,279 | -€57,417 | -€15,138 | -35.8% |
| Amounts payable | 17/49 | €400,910 | €379,939 | -€20,971 | -5.2% |
| Amounts payable after more than one year | 17 | €323,054 | €301,189 | -€21,865 | -6.8% |
| Financial debts | 170/4 | €318,154 | €296,289 | -€21,865 | -6.9% |
| Other amounts payable | 178/9 | €4,900 | €4,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,856 | €78,750 | +€894 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €14,619 | €17,309 | +€2,690 | +18.4% |
| Trade debts | 44 | €3,196 | €1,402 | -€1,794 | -56.1% |
| Suppliers | 440/4 | €3,196 | €1,402 | -€1,794 | -56.1% |
| Other amounts payable | 47/48 | €60,041 | €60,039 | -€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,446 | €20,593 | +€147 | +0.7% |
| Other operating charges | 640/8 | €1,962 | €5,872 | +€3,910 | +199.3% |
| Non-recurring operating charges | 66A | €5,343 | - | -€5,343 | |
| Gross operating margin | 9900 | €29,096 | €24,337 | -€4,759 | -16.4% |
| Operating profit (loss) | 9901 | €1,345 | -€2,129 | -€3,473 | |
| Financial income | 75/76B | €315 | - | -€315 | |
| Recurring financial income | 75 | €315 | - | -€315 | |
| Financial charges | 65/66B | €12,951 | €13,009 | +€58 | +0.4% |
| Recurring financial charges | 65 | €12,951 | €13,009 | +€58 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,292 | -€15,138 | -€3,846 | -34.1% |
| Profit (loss) for the period | 9904 | -€11,292 | -€15,138 | -€3,846 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,292 | -€15,138 | -€3,846 | -34.1% |
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 6 October 2026 via checked.be.