NAHEL: 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.
NAHEL
Largest movements
- Tangible fixed assets +€13,560
new in 2022: €13,560
- Receivables within one year -€2,870
down €2,870 (-37.3%), from €7,690 to €4,820
- Cash -€1,540
down €1,540 (-23.6%), from €6,520 to €4,980
mainly Investment in fixed assets (net) (-€16,950)
- Other debts +€5,701
new in 2022: €5,701
- Trade debts +€1,789
up €1,789 (+628%), from €285 to €2,074
- Profit (loss) carried forward +€1,660
up €1,660 (+35.5%), from -€4,675 to -€3,015
- Turnover -€51,242
down €51,242 (-49.9%), from €102,720 to €51,478
- Gross operating margin -€31,356
down €31,356 (-85.4%), from €36,736 to €5,380
- Financial charges -€25,603
down €25,603 (-98.7%), from €25,933 to €330
- Purchases and services -€20,598
down €20,598 (-30.9%), from €66,696 to €46,098
- Depreciation -€2,860
down €2,860 (-45.8%), from €6,250 to €3,390
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,210 | €23,360 | +€9,150 | +64.4% |
| Fixed assets | 21/28 | - | €13,560 | +€13,560 | |
| Tangible fixed assets | 22/27 | - | €13,560 | +€13,560 | |
| Furniture and vehicles | 24 | - | €13,560 | +€13,560 | |
| Current assets | 29/58 | €14,210 | €9,800 | -€4,410 | -31.0% |
| Amounts receivable within one year | 40/41 | €7,690 | €4,820 | -€2,870 | -37.3% |
| Other amounts receivable | 41 | €7,690 | €4,820 | -€2,870 | -37.3% |
| Cash at bank and in hand | 54/58 | €6,520 | €4,980 | -€1,540 | -23.6% |
| Total equity and liabilities | 10/49 | €14,210 | €23,360 | +€9,150 | +64.4% |
| Equity | 10/15 | €13,925 | €15,585 | +€1,660 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,675 | -€3,015 | +€1,660 | +35.5% |
| Amounts payable | 17/49 | €285 | €7,775 | +€7,490 | +2,628% |
| Amounts payable within one year | 42/48 | €285 | €7,775 | +€7,490 | +2,628% |
| Trade debts | 44 | €285 | €2,074 | +€1,789 | +628% |
| Suppliers | 440/4 | €285 | €2,074 | +€1,789 | +628% |
| Other amounts payable | 47/48 | - | €5,701 | +€5,701 | |
| Turnover | 70 | €102,720 | €51,478 | -€51,242 | -49.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,696 | €46,098 | -€20,598 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,250 | €3,390 | -€2,860 | -45.8% |
| Other operating charges | 640/8 | €2,761 | - | -€2,761 | |
| Gross operating margin | 9900 | €36,736 | €5,380 | -€31,356 | -85.4% |
| Operating profit (loss) | 9901 | €27,725 | €1,990 | -€25,735 | -92.8% |
| Financial charges | 65/66B | €25,933 | €330 | -€25,603 | -98.7% |
| Recurring financial charges | 65 | €25,933 | €330 | -€25,603 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | €1,792 | €1,660 | -€132 | -7.4% |
| Profit (loss) for the period | 9904 | €1,792 | €1,660 | -€132 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,792 | €1,660 | -€132 | -7.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.