NAGPAL: 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.
NAGPAL
Largest movements
- Receivables within one year -€10,280
down €10,280 (-42.2%), from €24,367 to €14,086
of which Other amounts receivable: -€10,780
- Tangible fixed assets -€7,909
down €7,909 (-39.5%), from €20,041 to €12,132
of which Land and buildings: -€8,432
- Debts after one year -€18,743
down €18,743 (-9.7%), from €194,020 to €175,277
of which Financial debts: -€18,743
- Profit (loss) carried forward +€8,932
up €8,932 (+21.8%), from €40,927 to €49,859
- Short-term financial debts -€8,581
down €8,581 (-88.6%), from €9,686 to €1,105
- Gross operating margin +€37,080
up €37,080, from -€8,246 to €28,834
- Depreciation +€7,439
up €7,439 (+343%), from €2,170 to €9,609
- Financial charges -€5,442
down €5,442 (-45.4%), from €11,988 to €6,546
- Financial income -€541
down €541 (-99.7%), from €542 to €2
- Other operating charges -€534
down €534 (-13.7%), from €3,900 to €3,366
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 | €582,652 | €565,443 | -€17,209 | -3.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €28,081 | €20,173 | -€7,909 | -28.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €20,041 | €12,132 | -€7,909 | -39.5% |
| Land and buildings | 22 | €16,743 | €8,311 | -€8,432 | -50.4% |
| Plant, machinery and equipment | 23 | €1,118 | €2,109 | +€991 | +88.7% |
| Furniture and vehicles | 24 | €2,180 | €1,712 | -€468 | -21.5% |
| Financial fixed assets | 28 | €8,040 | €8,040 | = | 0.0% |
| Current assets | 29/58 | €554,571 | €545,271 | -€9,300 | -1.7% |
| Stocks and contracts in progress | 3 | €529,767 | €529,767 | = | 0.0% |
| Stocks | 30/36 | €529,767 | €529,767 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,367 | €14,086 | -€10,280 | -42.2% |
| Trade receivables | 40 | - | €500 | +€500 | |
| Other amounts receivable | 41 | €24,367 | €13,586 | -€10,780 | -44.2% |
| Cash at bank and in hand | 54/58 | €66 | €596 | +€529 | +797% |
| Deferred charges and accrued income | 490/1 | €371 | €822 | +€451 | +122% |
| Total equity and liabilities | 10/49 | €582,652 | €565,443 | -€17,209 | -3.0% |
| Equity | 10/15 | €167,179 | €176,111 | +€8,932 | +5.3% |
| Contributions | 10/11 | €85,685 | €85,685 | = | 0.0% |
| Contributions outside capital | 11 | €85,685 | - | -€85,685 | |
| Other | 1109/19 | €85,685 | - | -€85,685 | |
| Reserves | 13 | €40,568 | €40,568 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,655 | €7,655 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,655 | €7,655 | = | 0.0% |
| Tax-exempt reserves | 132 | €291 | €291 | = | 0.0% |
| Distributable reserves | 133 | €32,622 | €32,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,927 | €49,859 | +€8,932 | +21.8% |
| Amounts payable | 17/49 | €415,473 | €389,332 | -€26,141 | -6.3% |
| Amounts payable after more than one year | 17 | €194,020 | €175,277 | -€18,743 | -9.7% |
| Financial debts | 170/4 | €142,020 | €123,277 | -€18,743 | -13.2% |
| Other amounts payable | 178/9 | €52,000 | €52,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €221,453 | €214,055 | -€7,398 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €9,584 | €6,743 | -€2,841 | -29.6% |
| Financial debts | 43 | €9,686 | €1,105 | -€8,581 | -88.6% |
| Credit institutions | 430/8 | €9,686 | €1,105 | -€8,581 | -88.6% |
| Trade debts | 44 | €18,947 | €14,095 | -€4,852 | -25.6% |
| Suppliers | 440/4 | €18,947 | €14,095 | -€4,852 | -25.6% |
| Taxes, remuneration and social security | 45 | €2,288 | €5,784 | +€3,496 | +153% |
| Taxes | 450/3 | €2,288 | €5,784 | +€3,496 | +153% |
| Other amounts payable | 47/48 | €180,949 | €186,329 | +€5,380 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,170 | €9,609 | +€7,439 | +343% |
| Other operating charges | 640/8 | €3,900 | €3,366 | -€534 | -13.7% |
| Gross operating margin | 9900 | -€8,246 | €28,834 | +€37,080 | |
| Operating profit (loss) | 9901 | -€14,315 | €15,859 | +€30,175 | |
| Financial income | 75/76B | €542 | €2 | -€541 | -99.7% |
| Recurring financial income | 75 | €542 | €2 | -€541 | -99.7% |
| Financial charges | 65/66B | €11,988 | €6,546 | -€5,442 | -45.4% |
| Recurring financial charges | 65 | €11,988 | €6,546 | -€5,442 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,761 | €9,315 | +€35,076 | |
| Income taxes | 67/77 | €812 | €383 | -€430 | -52.9% |
| Profit (loss) for the period | 9904 | -€26,574 | €8,932 | +€35,506 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,574 | €8,932 | +€35,506 |
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 19 October 2026 via checked.be.