NAGELWERK: 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.
NAGELWERK
Largest movements
- Current investments -€40,000
down €40,000 (-40.0%), from €100,000 to €60,000
- Receivables within one year -€17,695
down €17,695 (-52.7%), from €33,562 to €15,867
of which Trade receivables: -€13,405
- Tangible fixed assets +€7,952
up €7,952 (+16.6%), from €47,930 to €55,882
of which Furniture and vehicles: +€20,065
- Cash +€3,250
up €3,250 (+2.8%), from €117,297 to €120,548
mainly Net result for the year (+€84,267) and Current investments (+€40,000)
- Reserves -€45,733
down €45,733 (-16.8%), from €272,605 to €226,872
- Other debts -€10,539
down €10,539 (-47.0%), from €22,444 to €11,905
- Tax, wage and social debts +€9,527
up €9,527 (+1,037%), from €919 to €10,446
of which Taxes: +€8,767
- Trade debts +€7,261
up €7,261 (+425%), from €1,708 to €8,968
- Current portion of long-term debt -€6,722
no longer reported in 2025 (was €6,722)
- Staff costs +€28,166
up €28,166 (+203%), from €13,849 to €42,015
- Gross operating margin +€16,809
up €16,809 (+10.3%), from €163,005 to €179,814
- Depreciation +€8,656
up €8,656 (+49.8%), from €17,392 to €26,048
- Financial income -€2,483
down €2,483 (-48.6%), from €5,113 to €2,631
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 | €306,397 | €260,191 | -€46,206 | -15.1% |
| Fixed assets | 21/28 | €47,930 | €55,882 | +€7,952 | +16.6% |
| Tangible fixed assets | 22/27 | €47,930 | €55,882 | +€7,952 | +16.6% |
| Plant, machinery and equipment | 23 | €41,663 | €29,550 | -€12,113 | -29.1% |
| Furniture and vehicles | 24 | €6,267 | €26,332 | +€20,065 | +320% |
| Current assets | 29/58 | €258,467 | €204,309 | -€54,158 | -21.0% |
| Stocks and contracts in progress | 3 | €6,595 | €5,543 | -€1,052 | -16.0% |
| Stocks | 30/36 | €6,595 | €5,543 | -€1,052 | -16.0% |
| Amounts receivable within one year | 40/41 | €33,562 | €15,867 | -€17,695 | -52.7% |
| Trade receivables | 40 | €25,374 | €11,970 | -€13,405 | -52.8% |
| Other amounts receivable | 41 | €8,188 | €3,898 | -€4,290 | -52.4% |
| Current investments | 50/53 | €100,000 | €60,000 | -€40,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €117,297 | €120,548 | +€3,250 | +2.8% |
| Deferred charges and accrued income | 490/1 | €1,012 | €2,351 | +€1,339 | +132% |
| Total equity and liabilities | 10/49 | €306,397 | €260,191 | -€46,206 | -15.1% |
| Equity | 10/15 | €274,605 | €228,872 | -€45,733 | -16.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €272,605 | €226,872 | -€45,733 | -16.8% |
| Distributable reserves | 133 | €272,605 | €226,872 | -€45,733 | -16.8% |
| Amounts payable | 17/49 | €31,792 | €31,319 | -€473 | -1.5% |
| Amounts payable within one year | 42/48 | €31,792 | €31,319 | -€473 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €6,722 | - | -€6,722 | |
| Trade debts | 44 | €1,708 | €8,968 | +€7,261 | +425% |
| Suppliers | 440/4 | €1,708 | €8,968 | +€7,261 | +425% |
| Taxes, remuneration and social security | 45 | €919 | €10,446 | +€9,527 | +1,037% |
| Taxes | 450/3 | €584 | €9,351 | +€8,767 | +1,500% |
| Remuneration and social security | 454/9 | €334 | €1,095 | +€760 | +227% |
| Other amounts payable | 47/48 | €22,444 | €11,905 | -€10,539 | -47.0% |
| Remuneration, social security and pensions | 62 | €13,849 | €42,015 | +€28,166 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,392 | €26,048 | +€8,656 | +49.8% |
| Other operating charges | 640/8 | €382 | €665 | +€283 | +74.1% |
| Gross operating margin | 9900 | €163,005 | €179,814 | +€16,809 | +10.3% |
| Operating profit (loss) | 9901 | €131,382 | €111,086 | -€20,297 | -15.4% |
| Financial income | 75/76B | €5,113 | €2,631 | -€2,483 | -48.6% |
| Recurring financial income | 75 | €5,113 | €2,631 | -€2,483 | -48.6% |
| Financial charges | 65/66B | €561 | €306 | -€255 | -45.5% |
| Recurring financial charges | 65 | €561 | €306 | -€255 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €135,935 | €113,411 | -€22,524 | -16.6% |
| Income taxes | 67/77 | €29,294 | €29,144 | -€151 | -0.5% |
| Profit (loss) for the period | 9904 | €106,641 | €84,267 | -€22,373 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,641 | €84,267 | -€22,373 | -21.0% |
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 26 October 2026 via checked.be.