NAETS: 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.
NAETS
Largest movements
- Deferred charges and accrued income -€422,723
no longer reported in 2024 (was €422,723)
- Receivables within one year +€76,935
up €76,935 (+51.8%), from €148,605 to €225,541
of which Other amounts receivable: +€56,768
- Tangible fixed assets -€16,500
down €16,500 (-7.3%), from €225,950 to €209,450
of which Land and buildings: -€15,422
- Profit (loss) carried forward -€832,887
down €832,887 (-28.1%), from -€3.0m to -€3.8m
- Debts after one year +€400,000
new in 2024: €400,000
- Trade debts +€81,833
up €81,833 (+56.8%), from €144,082 to €225,915
- Tax, wage and social debts -€21,265
no longer reported in 2024 (was €21,265)
- Current portion of long-term debt +€9,233
up €9,233 (+0.3%), from €3.6m to €3.6m
- Financial charges +€397,665
up €397,665 (+286.4%), from €138,843 to €536,508
- Purchases and services +€276,494
new in 2024: €276,494
- Gross operating margin +€129,622
up €129,622 (+32.1%), from -€404,199 to -€274,577
- Other operating charges -€54,051
down €54,051 (-95.0%), from €56,891 to €2,840
- Taxes -€27,941
no longer reported in 2024 (was €27,941)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €798,164 | €435,078 | -€363,086 | -45.5% |
| Fixed assets | 21/28 | €225,950 | €209,450 | -€16,500 | -7.3% |
| Tangible fixed assets | 22/27 | €225,950 | €209,450 | -€16,500 | -7.3% |
| Land and buildings | 22 | €205,856 | €190,435 | -€15,422 | -7.5% |
| Plant, machinery and equipment | 23 | €10,874 | €11,516 | +€642 | +5.9% |
| Furniture and vehicles | 24 | €9,220 | €7,499 | -€1,721 | -18.7% |
| Current assets | 29/58 | €572,214 | €225,628 | -€346,586 | -60.6% |
| Amounts receivable within one year | 40/41 | €148,605 | €225,541 | +€76,935 | +51.8% |
| Trade receivables | 40 | - | €20,167 | +€20,167 | |
| Other amounts receivable | 41 | €148,605 | €205,373 | +€56,768 | +38.2% |
| Cash at bank and in hand | 54/58 | €887 | €88 | -€799 | -90.1% |
| Deferred charges and accrued income | 490/1 | €422,723 | - | -€422,723 | |
| Total equity and liabilities | 10/49 | €798,164 | €435,078 | -€363,086 | -45.5% |
| Equity | 10/15 | -€2,948,141 | -€3,781,028 | -€832,887 | -28.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,968,601 | -€3,801,488 | -€832,887 | -28.1% |
| Amounts payable | 17/49 | €3,746,306 | €4,216,107 | +€469,801 | +12.5% |
| Amounts payable after more than one year | 17 | - | €400,000 | +€400,000 | |
| Other amounts payable | 178/9 | - | €400,000 | +€400,000 | |
| Amounts payable within one year | 42/48 | €3,746,306 | €3,816,107 | +€69,801 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €3,580,959 | €3,590,192 | +€9,233 | +0.3% |
| Trade debts | 44 | €144,082 | €225,915 | +€81,833 | +56.8% |
| Suppliers | 440/4 | €144,082 | €225,915 | +€81,833 | +56.8% |
| Taxes, remuneration and social security | 45 | €21,265 | - | -€21,265 | |
| Taxes | 450/3 | €21,265 | - | -€21,265 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €276,494 | +€276,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,487 | €21,689 | -€1,798 | -7.7% |
| Other operating charges | 640/8 | €56,891 | €2,840 | -€54,051 | -95.0% |
| Gross operating margin | 9900 | -€404,199 | -€274,577 | +€129,622 | +32.1% |
| Operating profit (loss) | 9901 | -€484,577 | -€299,106 | +€185,471 | +38.3% |
| Financial income | 75/76B | €7 | €2,727 | +€2,719 | +36546.6% |
| Recurring financial income | 75 | €7 | €2,727 | +€2,719 | +36546.6% |
| Financial charges | 65/66B | €138,843 | €536,508 | +€397,665 | +286.4% |
| Recurring financial charges | 65 | €138,843 | €536,508 | +€397,665 | +286.4% |
| Profit (loss) for the period before taxes | 9903 | -€623,413 | -€832,887 | -€209,474 | -33.6% |
| Income taxes | 67/77 | €27,941 | - | -€27,941 | |
| Profit (loss) for the period | 9904 | -€651,353 | -€832,887 | -€181,534 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€651,353 | -€832,887 | -€181,534 | -27.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.