NAHED LEEN: 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.
NAHED LEEN
Largest movements
- Cash +€12,988
up €12,988 (+100.2%), from €12,957 to €25,945
mainly Depreciation (+€12,395) and Trade debts (+€2,899)
- Tangible fixed assets -€12,395
down €12,395 (-23.2%), from €53,513 to €41,117
- Tax, wage and social debts -€3,447
no longer reported in 2024 (was €3,447)
- Trade debts +€2,899
up €2,899 (+216.8%), from €1,337 to €4,237
- Other debts +€2,055
up €2,055 (+13.2%), from €15,611 to €17,667
- Gross operating margin -€22,701
down €22,701 (-54.2%), from €41,895 to €19,194
- Taxes +€6,368
new in 2024: €6,368
- Depreciation +€5,243
up €5,243 (+73.3%), from €7,152 to €12,395
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,470 | €70,343 | +€873 | +1.3% |
| Fixed assets | 21/28 | €53,513 | €41,117 | -€12,395 | -23.2% |
| Tangible fixed assets | 22/27 | €53,513 | €41,117 | -€12,395 | -23.2% |
| Furniture and vehicles | 24 | €53,513 | €41,117 | -€12,395 | -23.2% |
| Current assets | 29/58 | €15,957 | €29,225 | +€13,268 | +83.2% |
| Amounts receivable within one year | 40/41 | €3,000 | €3,280 | +€280 | +9.3% |
| Trade receivables | 40 | €3,000 | €1,889 | -€1,111 | -37.0% |
| Other amounts receivable | 41 | - | €1,391 | +€1,391 | |
| Cash at bank and in hand | 54/58 | €12,957 | €25,945 | +€12,988 | +100.2% |
| Total equity and liabilities | 10/49 | €69,470 | €70,343 | +€873 | +1.3% |
| Equity | 10/15 | €49,074 | €48,439 | -€635 | -1.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,074 | €28,439 | -€635 | -2.2% |
| Amounts payable | 17/49 | €20,395 | €21,903 | +€1,508 | +7.4% |
| Amounts payable within one year | 42/48 | €20,395 | €21,903 | +€1,508 | +7.4% |
| Trade debts | 44 | €1,337 | €4,237 | +€2,899 | +216.8% |
| Suppliers | 440/4 | €1,337 | €4,237 | +€2,899 | +216.8% |
| Taxes, remuneration and social security | 45 | €3,447 | - | -€3,447 | |
| Taxes | 450/3 | €3,447 | - | -€3,447 | |
| Other amounts payable | 47/48 | €15,611 | €17,667 | +€2,055 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,152 | €12,395 | +€5,243 | +73.3% |
| Other operating charges | 640/8 | €722 | €902 | +€179 | +24.9% |
| Gross operating margin | 9900 | €41,895 | €19,194 | -€22,701 | -54.2% |
| Operating profit (loss) | 9901 | €34,021 | €5,897 | -€28,124 | -82.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €139 | €164 | +€25 | +17.9% |
| Recurring financial charges | 65 | €139 | €164 | +€25 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €33,882 | €5,733 | -€28,149 | -83.1% |
| Income taxes | 67/77 | - | €6,368 | +€6,368 | |
| Profit (loss) for the period | 9904 | €33,882 | -€635 | -€34,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,882 | -€635 | -€34,517 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.