NAFIA H.: 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.
NAFIA H.
Largest movements
- Cash +€2,418
up €2,418 (+186%), from €1,297 to €3,715
mainly Net result for the year (+€2,544) and Tax, wage and social debts (+€2,526)
- Receivables within one year +€2,135
up €2,135 (+788%), from €271 to €2,406
- Stocks and contracts +€1,135
up €1,135 (+283%), from €401 to €1,536
- Tangible fixed assets -€855
no longer reported in 2025 (was €855)
- Profit (loss) carried forward +€2,544
up €2,544, from -€1,012 to €1,532
- Tax, wage and social debts +€2,526
up €2,526 (+228%), from €1,109 to €3,634
- Advances received -€750
no longer reported in 2025 (was €750)
- Accrued charges and deferred income +€400
new in 2025: €400
- Trade debts +€153
up €153 (+27.5%), from €556 to €709
- Gross operating margin +€2,726
up €2,726 (+162%), from €1,682 to €4,408
- Depreciation -€1,014
down €1,014 (-54.2%), from €1,869 to €855
- Taxes +€900
new in 2025: €900
- Other operating charges +€52
new in 2025: €52
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.
Derived cash bridge
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 | €2,902 | €7,775 | +€4,873 | +168% |
| Fixed assets | 21/28 | €933 | €118 | -€815 | -87.4% |
| Tangible fixed assets | 22/27 | €855 | - | -€855 | |
| Furniture and vehicles | 24 | €855 | - | -€855 | |
| Financial fixed assets | 28 | €78 | €118 | +€40 | +51.3% |
| Current assets | 29/58 | €1,969 | €7,657 | +€5,688 | +289% |
| Stocks and contracts in progress | 3 | €401 | €1,536 | +€1,135 | +283% |
| Stocks | 30/36 | €401 | €1,536 | +€1,135 | +283% |
| Amounts receivable within one year | 40/41 | €271 | €2,406 | +€2,135 | +788% |
| Other amounts receivable | 41 | €271 | €2,406 | +€2,135 | +788% |
| Cash at bank and in hand | 54/58 | €1,297 | €3,715 | +€2,418 | +186% |
| Total equity and liabilities | 10/49 | €2,902 | €7,775 | +€4,873 | +168% |
| Equity | 10/15 | €488 | €3,032 | +€2,544 | +522% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,012 | €1,532 | +€2,544 | |
| Amounts payable | 17/49 | €2,414 | €4,742 | +€2,328 | +96.4% |
| Amounts payable within one year | 42/48 | €2,414 | €4,343 | +€1,928 | +79.9% |
| Trade debts | 44 | €556 | €709 | +€153 | +27.5% |
| Suppliers | 440/4 | €556 | €709 | +€153 | +27.5% |
| Advances received on contracts in progress | 46 | €750 | - | -€750 | |
| Taxes, remuneration and social security | 45 | €1,109 | €3,634 | +€2,526 | +228% |
| Taxes | 450/3 | €1,109 | €3,634 | +€2,526 | +228% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,869 | €855 | -€1,014 | -54.2% |
| Other operating charges | 640/8 | - | €52 | +€52 | |
| Gross operating margin | 9900 | €1,682 | €4,408 | +€2,726 | +162% |
| Operating profit (loss) | 9901 | -€187 | €3,501 | +€3,688 | |
| Financial charges | 65/66B | €84 | €56 | -€28 | -33.0% |
| Recurring financial charges | 65 | €84 | €56 | -€28 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€271 | €3,445 | +€3,716 | |
| Income taxes | 67/77 | - | €900 | +€900 | |
| Profit (loss) for the period | 9904 | -€271 | €2,544 | +€2,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€271 | €2,544 | +€2,815 |
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 22 October 2026 via checked.be.