NAHALI: 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.
NAHALI
Largest movements
- Receivables within one year +€13,213
up €13,213 (+279.6%), from €4,726 to €17,939
- Cash -€7,957
down €7,957 (-71.2%), from €11,175 to €3,217
mainly Receivables within one year (-€13,213) and Investment in fixed assets (net) (-€4,526)
- Tangible fixed assets +€3,626
up €3,626 (+86.0%), from €4,215 to €7,841
of which Plant, machinery and equipment: +€3,750
- Deferred charges and accrued income +€1,024
up €1,024 (+2677.4%), from €38 to €1,063
- Tax, wage and social debts +€9,949
up €9,949 (+122.2%), from €8,141 to €18,090
of which Remuneration and social security: +€8,835
- Profit (loss) carried forward +€967
up €967 (+22.4%), from -€4,315 to -€3,347
- Other debts -€853
down €853 (-39.8%), from €2,144 to €1,291
- Trade debts -€457
down €457 (-32.1%), from €1,423 to €966
- Staff costs +€58,435
new in 2025: €58,435
- Gross operating margin +€56,607
up €56,607 (+823.3%), from €6,875 to €63,482
- Other operating charges +€2,889
new in 2025: €2,889
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 | €21,654 | €31,259 | +€9,606 | +44.4% |
| Fixed assets | 21/28 | €4,215 | €7,841 | +€3,626 | +86.0% |
| Tangible fixed assets | 22/27 | €4,215 | €7,841 | +€3,626 | +86.0% |
| Plant, machinery and equipment | 23 | €1,983 | €5,734 | +€3,750 | +189.1% |
| Furniture and vehicles | 24 | €2,231 | €2,107 | -€124 | -5.6% |
| Current assets | 29/58 | €17,439 | €23,419 | +€5,980 | +34.3% |
| Stocks and contracts in progress | 3 | €1,500 | €1,200 | -€300 | -20.0% |
| Stocks | 30/36 | €1,500 | €1,200 | -€300 | -20.0% |
| Amounts receivable within one year | 40/41 | €4,726 | €17,939 | +€13,213 | +279.6% |
| Other amounts receivable | 41 | €4,726 | €17,939 | +€13,213 | +279.6% |
| Cash at bank and in hand | 54/58 | €11,175 | €3,217 | -€7,957 | -71.2% |
| Deferred charges and accrued income | 490/1 | €38 | €1,063 | +€1,024 | +2677.4% |
| Total equity and liabilities | 10/49 | €21,654 | €31,259 | +€9,606 | +44.4% |
| Equity | 10/15 | €9,945 | €10,913 | +€967 | +9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,315 | -€3,347 | +€967 | +22.4% |
| Amounts payable | 17/49 | €11,708 | €20,347 | +€8,638 | +73.8% |
| Amounts payable within one year | 42/48 | €11,708 | €20,347 | +€8,638 | +73.8% |
| Trade debts | 44 | €1,423 | €966 | -€457 | -32.1% |
| Suppliers | 440/4 | €1,423 | €966 | -€457 | -32.1% |
| Taxes, remuneration and social security | 45 | €8,141 | €18,090 | +€9,949 | +122.2% |
| Taxes | 450/3 | €3,284 | €4,399 | +€1,114 | +33.9% |
| Remuneration and social security | 454/9 | €4,857 | €13,692 | +€8,835 | +181.9% |
| Other amounts payable | 47/48 | €2,144 | €1,291 | -€853 | -39.8% |
| Remuneration, social security and pensions | 62 | - | €58,435 | +€58,435 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €900 | -€50 | -5.3% |
| Other operating charges | 640/8 | - | €2,889 | +€2,889 | |
| Gross operating margin | 9900 | €6,875 | €63,482 | +€56,607 | +823.3% |
| Operating profit (loss) | 9901 | €5,925 | €1,258 | -€4,667 | -78.8% |
| Financial charges | 65/66B | €243 | €291 | +€48 | +19.8% |
| Recurring financial charges | 65 | €243 | €291 | +€48 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €5,682 | €967 | -€4,715 | -83.0% |
| Profit (loss) for the period | 9904 | €5,682 | €967 | -€4,715 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,682 | €967 | -€4,715 | -83.0% |
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 5 October 2026 via checked.be.