Naheed: 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.
Naheed
Largest movements
- Receivables within one year +€11,409
up €11,409 (+297.1%), from €3,840 to €15,249
of which Trade receivables: +€12,320
- Cash +€7,083
up €7,083 (+68.7%), from €10,313 to €17,396
mainly Trade debts (+€14,211) and Net result for the year (+€3,976)
- Trade debts +€14,211
new in 2025: €14,211
- Profit (loss) carried forward +€3,976
up €3,976 (+51.3%), from €7,757 to €11,733
- Gross operating margin +€8,980
up €8,980, from -€4,357 to €4,623
- Depreciation -€408
down €408 (-84.3%), from €484 to €76
- Financial income +€183
new in 2025: €183
- Taxes +€162
new in 2025: €162
- Other operating charges +€97
up €97 (+21.7%), from €449 to €547
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 | €14,229 | €32,645 | +€18,416 | +129.4% |
| Fixed assets | 21/28 | €76 | - | -€76 | |
| Tangible fixed assets | 22/27 | €76 | - | -€76 | |
| Furniture and vehicles | 24 | €76 | - | -€76 | |
| Current assets | 29/58 | €14,153 | €32,645 | +€18,492 | +130.7% |
| Amounts receivable within one year | 40/41 | €3,840 | €15,249 | +€11,409 | +297.1% |
| Trade receivables | 40 | - | €12,320 | +€12,320 | |
| Other amounts receivable | 41 | €3,840 | €2,929 | -€911 | -23.7% |
| Cash at bank and in hand | 54/58 | €10,313 | €17,396 | +€7,083 | +68.7% |
| Total equity and liabilities | 10/49 | €14,229 | €32,645 | +€18,416 | +129.4% |
| Equity | 10/15 | €13,988 | €17,964 | +€3,976 | +28.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32 | €32 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32 | €32 | = | 0.0% |
| Legal reserve | 130 | €32 | €32 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,757 | €11,733 | +€3,976 | +51.3% |
| Amounts payable | 17/49 | €240 | €14,681 | +€14,440 | +6006.5% |
| Amounts payable within one year | 42/48 | €240 | €14,681 | +€14,440 | +6006.5% |
| Trade debts | 44 | - | €14,211 | +€14,211 | |
| Suppliers | 440/4 | - | €14,211 | +€14,211 | |
| Taxes, remuneration and social security | 45 | €240 | €470 | +€229 | +95.4% |
| Taxes | 450/3 | €240 | €470 | +€229 | +95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €76 | -€408 | -84.3% |
| Other operating charges | 640/8 | €449 | €547 | +€97 | +21.7% |
| Gross operating margin | 9900 | -€4,357 | €4,623 | +€8,980 | |
| Operating profit (loss) | 9901 | -€5,290 | €4,000 | +€9,290 | |
| Financial income | 75/76B | - | €183 | +€183 | |
| Recurring financial income | 75 | - | €183 | +€183 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,335 | €4,138 | +€9,473 | |
| Income taxes | 67/77 | - | €162 | +€162 | |
| Profit (loss) for the period | 9904 | -€5,335 | €3,976 | +€9,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,335 | €3,976 | +€9,311 |
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 11 October 2026 via checked.be.