NAGA: 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.
NAGA
Largest movements
- Receivables within one year -€15,934
down €15,934 (-38.2%), from €41,707 to €25,773
of which Trade receivables: -€12,136
- Cash -€2,306
down €2,306 (-86.3%), from €2,671 to €365
mainly Net result for the year (-€20,187) and Tax, wage and social debts (-€42)
- Tangible fixed assets -€1,835
down €1,835 (-3.2%), from €57,489 to €55,654
of which Land and buildings: -€1,835
- Profit (loss) carried forward -€20,187
down €20,187 (-70.2%), from €28,744 to €8,558
- Depreciation -€1,686
down €1,686 (-47.9%), from €3,521 to €1,835
- Gross operating margin -€1,170
down €1,170 (-316.5%), from -€370 to -€1,540
- Purchases and services +€1,170
up €1,170 (+316.5%), from €370 to €1,540
- Financial charges -€793
down €793 (-73.8%), from €1,075 to €282
- Other operating charges +€511
up €511 (+601.2%), from €85 to €596
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 | €101,867 | €81,792 | -€20,075 | -19.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €57,489 | €55,654 | -€1,835 | -3.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €57,489 | €55,654 | -€1,835 | -3.2% |
| Land and buildings | 22 | €57,489 | €55,654 | -€1,835 | -3.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €44,378 | €26,138 | -€18,240 | -41.1% |
| Amounts receivable within one year | 40/41 | €41,707 | €25,773 | -€15,934 | -38.2% |
| Trade receivables | 40 | €37,909 | €25,773 | -€12,136 | -32.0% |
| Other amounts receivable | 41 | €3,798 | €0 | -€3,798 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,671 | €365 | -€2,306 | -86.3% |
| Total equity and liabilities | 10/49 | €101,867 | €81,792 | -€20,075 | -19.7% |
| Equity | 10/15 | €48,744 | €28,558 | -€20,187 | -41.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,744 | €8,558 | -€20,187 | -70.2% |
| Amounts payable | 17/49 | €53,122 | €53,234 | +€112 | +0.2% |
| Amounts payable within one year | 42/48 | €53,122 | €53,234 | +€112 | +0.2% |
| Financial debts | 43 | - | €46 | +€46 | |
| Credit institutions | 430/8 | - | €46 | +€46 | |
| Trade debts | 44 | €0 | €108 | +€108 | |
| Suppliers | 440/4 | €0 | €108 | +€108 | |
| Taxes, remuneration and social security | 45 | €564 | €522 | -€42 | -7.5% |
| Taxes | 450/3 | €564 | €522 | -€42 | -7.5% |
| Other amounts payable | 47/48 | €52,558 | €52,558 | = | 0.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €370 | €1,540 | +€1,170 | +316.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,521 | €1,835 | -€1,686 | -47.9% |
| Other operating charges | 640/8 | €85 | €596 | +€511 | +601.2% |
| Non-recurring operating charges | 66A | - | €15,934 | +€15,934 | |
| Gross operating margin | 9900 | -€370 | -€1,540 | -€1,170 | -316.5% |
| Operating profit (loss) | 9901 | -€3,976 | -€19,905 | -€15,929 | -400.6% |
| Financial charges | 65/66B | €1,075 | €282 | -€793 | -73.8% |
| Recurring financial charges | 65 | €1,075 | €282 | -€793 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,051 | -€20,187 | -€15,136 | -299.6% |
| Profit (loss) for the period | 9904 | -€5,051 | -€20,187 | -€15,136 | -299.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,051 | -€20,187 | -€15,136 | -299.6% |
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 3 October 2026 via checked.be.