NAHAL.BE: 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.
NAHAL.BE
Largest movements
- Cash -€12,942
down €12,942 (-30.7%), from €42,143 to €29,201
mainly Net result for the year (-€24,725) and Receivables within one year (-€7,925)
- Tangible fixed assets -€11,230
down €11,230 (-26.9%), from €41,700 to €30,471
- Receivables within one year +€7,925
up €7,925 (+58.9%), from €13,460 to €21,385
of which Trade receivables: +€4,027
- Profit (loss) carried forward -€24,725
down €24,725 (-218%), from -€11,355 to -€36,080
- Trade debts +€8,866
up €8,866 (+370%), from €2,397 to €11,263
- Current portion of long-term debt +€4,270
up €4,270 (+16.4%), from €26,002 to €30,272
- Debts after one year -€2,784
down €2,784 (-3.5%), from €79,095 to €76,311
- Tax, wage and social debts -€1,768
down €1,768 (-52.9%), from €3,342 to €1,574
of which Remuneration and social security: -€2,000
- Gross operating margin -€21,901
down €21,901, from €11,092 to -€10,809
- Financial income +€2,829
up €2,829 (+492%), from €575 to €3,403
- Taxes -€889
down €889 (-82.1%), from €1,083 to €194
- Financial charges +€656
up €656 (+16.7%), from €3,936 to €4,592
- Depreciation +€613
up €613 (+5.8%), from €10,617 to €11,230
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 | €101,481 | €85,341 | -€16,140 | -15.9% |
| Fixed assets | 21/28 | €43,800 | €32,571 | -€11,230 | -25.6% |
| Tangible fixed assets | 22/27 | €41,700 | €30,471 | -€11,230 | -26.9% |
| Furniture and vehicles | 24 | €41,700 | €30,471 | -€11,230 | -26.9% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €57,680 | €52,770 | -€4,911 | -8.5% |
| Amounts receivable within one year | 40/41 | €13,460 | €21,385 | +€7,925 | +58.9% |
| Trade receivables | 40 | €262 | €4,289 | +€4,027 | +1,540% |
| Other amounts receivable | 41 | €13,198 | €17,097 | +€3,898 | +29.5% |
| Cash at bank and in hand | 54/58 | €42,143 | €29,201 | -€12,942 | -30.7% |
| Deferred charges and accrued income | 490/1 | €2,078 | €2,184 | +€106 | +5.1% |
| Total equity and liabilities | 10/49 | €101,481 | €85,341 | -€16,140 | -15.9% |
| Equity | 10/15 | -€9,355 | -€34,080 | -€24,725 | -264% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,355 | -€36,080 | -€24,725 | -218% |
| Amounts payable | 17/49 | €110,836 | €119,421 | +€8,585 | +7.7% |
| Amounts payable after more than one year | 17 | €79,095 | €76,311 | -€2,784 | -3.5% |
| Financial debts | 170/4 | €79,095 | €76,311 | -€2,784 | -3.5% |
| Amounts payable within one year | 42/48 | €31,741 | €43,109 | +€11,368 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €26,002 | €30,272 | +€4,270 | +16.4% |
| Trade debts | 44 | €2,397 | €11,263 | +€8,866 | +370% |
| Suppliers | 440/4 | €2,397 | €11,263 | +€8,866 | +370% |
| Taxes, remuneration and social security | 45 | €3,342 | €1,574 | -€1,768 | -52.9% |
| Taxes | 450/3 | €1,342 | €1,574 | +€232 | +17.3% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,617 | €11,230 | +€613 | +5.8% |
| Other operating charges | 640/8 | €1,659 | €1,303 | -€356 | -21.5% |
| Gross operating margin | 9900 | €11,092 | -€10,809 | -€21,901 | |
| Operating profit (loss) | 9901 | -€1,184 | -€23,342 | -€22,157 | -1,871% |
| Financial income | 75/76B | €575 | €3,403 | +€2,829 | +492% |
| Recurring financial income | 75 | €575 | €3,403 | +€2,829 | +492% |
| Financial charges | 65/66B | €3,936 | €4,592 | +€656 | +16.7% |
| Recurring financial charges | 65 | €3,936 | €4,592 | +€656 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,546 | -€24,530 | -€19,985 | -440% |
| Income taxes | 67/77 | €1,083 | €194 | -€889 | -82.1% |
| Profit (loss) for the period | 9904 | -€5,629 | -€24,725 | -€19,096 | -339% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,629 | -€24,725 | -€19,096 | -339% |
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 17 October 2026 via checked.be.