NAFELU: 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.
NAFELU
Largest movements
- Tangible fixed assets -€15,883
down €15,883 (-2.9%), from €553,554 to €537,671
- Debts after one year -€15,193
down €15,193 (-7.2%), from €212,005 to €196,813
- Other debts +€7,229
up €7,229 (+1.9%), from €372,736 to €379,966
- Gross operating margin +€6,965
up €6,965 (+37.8%), from €18,436 to €25,401
- Financial charges +€3,454
up €3,454 (+76.9%), from €4,491 to €7,945
- Depreciation +€337
up €337 (+2.2%), from €15,546 to €15,883
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 | €555,915 | €539,197 | -€16,717 | -3.0% |
| Fixed assets | 21/28 | €553,554 | €537,671 | -€15,883 | -2.9% |
| Tangible fixed assets | 22/27 | €553,554 | €537,671 | -€15,883 | -2.9% |
| Land and buildings | 22 | €553,554 | €537,671 | -€15,883 | -2.9% |
| Current assets | 29/58 | €2,361 | €1,527 | -€834 | -35.3% |
| Amounts receivable within one year | 40/41 | - | €1,200 | +€1,200 | |
| Other amounts receivable | 41 | - | €1,200 | +€1,200 | |
| Cash at bank and in hand | 54/58 | €2,361 | €327 | -€2,034 | -86.2% |
| Total equity and liabilities | 10/49 | €555,915 | €539,197 | -€16,717 | -3.0% |
| Equity | 10/15 | -€53,492 | -€55,767 | -€2,275 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,692 | -€61,967 | -€2,275 | -3.8% |
| Amounts payable | 17/49 | €609,407 | €594,965 | -€14,442 | -2.4% |
| Amounts payable after more than one year | 17 | €212,005 | €196,813 | -€15,193 | -7.2% |
| Financial debts | 170/4 | €212,005 | €196,813 | -€15,193 | -7.2% |
| Amounts payable within one year | 42/48 | €397,401 | €398,152 | +€751 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €18,830 | €16,801 | -€2,030 | -10.8% |
| Trade debts | 44 | €5,835 | €1,386 | -€4,449 | -76.2% |
| Suppliers | 440/4 | €5,835 | €1,386 | -€4,449 | -76.2% |
| Other amounts payable | 47/48 | €372,736 | €379,966 | +€7,229 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,546 | €15,883 | +€337 | +2.2% |
| Other operating charges | 640/8 | €3,699 | €3,848 | +€149 | +4.0% |
| Gross operating margin | 9900 | €18,436 | €25,401 | +€6,965 | +37.8% |
| Operating profit (loss) | 9901 | -€809 | €5,669 | +€6,478 | |
| Financial charges | 65/66B | €4,491 | €7,945 | +€3,454 | +76.9% |
| Recurring financial charges | 65 | €4,491 | €7,945 | +€3,454 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,300 | -€2,275 | +€3,025 | +57.1% |
| Profit (loss) for the period | 9904 | -€5,300 | -€2,275 | +€3,025 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,300 | -€2,275 | +€3,025 | +57.1% |
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 8 October 2026 via checked.be.