Nagona: 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.
Nagona
Largest movements
- Cash -€207,141
down €207,141 (-68.7%), from €301,340 to €94,199
mainly Contributions, distributions and other (-€304,299) and Receivables within one year (-€6,617)
- Receivables within one year +€6,617
up €6,617 (+31.3%), from €21,145 to €27,762
of which Trade receivables: +€6,617
- Reserves -€200,738
down €200,738 (-66.0%), from €304,299 to €103,561
- Gross operating margin +€23,291
up €23,291 (+21.1%), from €110,364 to €133,656
- Taxes +€5,713
up €5,713 (+24.2%), from €23,581 to €29,294
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 | €322,857 | €122,173 | -€200,684 | -62.2% |
| Current assets | 29/58 | €322,857 | €122,173 | -€200,684 | -62.2% |
| Amounts receivable within one year | 40/41 | €21,145 | €27,762 | +€6,617 | +31.3% |
| Trade receivables | 40 | €19,726 | €26,343 | +€6,617 | +33.5% |
| Other amounts receivable | 41 | €1,419 | €1,419 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €301,340 | €94,199 | -€207,141 | -68.7% |
| Deferred charges and accrued income | 490/1 | €372 | €212 | -€160 | -43.0% |
| Total equity and liabilities | 10/49 | €322,857 | €122,173 | -€200,684 | -62.2% |
| Equity | 10/15 | €306,299 | €105,561 | -€200,738 | -65.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €304,299 | €103,561 | -€200,738 | -66.0% |
| Distributable reserves | 133 | €304,299 | €103,561 | -€200,738 | -66.0% |
| Amounts payable | 17/49 | €16,558 | €16,612 | +€55 | +0.3% |
| Amounts payable within one year | 42/48 | €16,238 | €16,452 | +€215 | +1.3% |
| Trade debts | 44 | €1,611 | €1,244 | -€367 | -22.8% |
| Suppliers | 440/4 | €1,611 | €1,244 | -€367 | -22.8% |
| Taxes, remuneration and social security | 45 | €7,975 | €6,744 | -€1,231 | -15.4% |
| Taxes | 450/3 | €5,525 | €4,294 | -€1,231 | -22.3% |
| Remuneration and social security | 454/9 | €2,450 | €2,450 | = | 0.0% |
| Other amounts payable | 47/48 | €6,651 | €8,464 | +€1,813 | +27.3% |
| Accrued charges and deferred income | 492/3 | €320 | €160 | -€160 | -50.0% |
| Other operating charges | 640/8 | €528 | €660 | +€132 | +25.0% |
| Gross operating margin | 9900 | €110,364 | €133,656 | +€23,291 | +21.1% |
| Operating profit (loss) | 9901 | €109,836 | €132,996 | +€23,159 | +21.1% |
| Financial income | 75/76B | €176 | €8 | -€168 | -95.4% |
| Recurring financial income | 75 | €176 | €8 | -€168 | -95.4% |
| Financial charges | 65/66B | €188 | €149 | -€39 | -20.6% |
| Recurring financial charges | 65 | €188 | €149 | -€39 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €109,825 | €132,854 | +€23,030 | +21.0% |
| Income taxes | 67/77 | €23,581 | €29,294 | +€5,713 | +24.2% |
| Profit (loss) for the period | 9904 | €86,244 | €103,561 | +€17,317 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,244 | €103,561 | +€17,317 | +20.1% |
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 10 October 2026 via checked.be.