NAID: 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.
NAID
Largest movements
- Current investments +€400,000
up €400,000 (+4135.4%), from €9,673 to €409,673
- Tangible fixed assets -€259,581
down €259,581 (-24.0%), from €1.1m to €820,539
of which Land and buildings: -€273,420
- Cash -€103,062
down €103,062 (-81.6%), from €126,234 to €23,172
mainly Current investments (-€400,000) and Contributions, distributions and other (-€159,431)
- Debts after one year -€104,987
down €104,987 (-53.3%), from €196,858 to €91,871
- Reserves +€80,801
up €80,801 (+14.4%), from €562,328 to €643,129
of which Distributable reserves: +€80,801
- Other debts +€65,776
up €65,776 (+34.7%), from €189,314 to €255,090
- Current portion of long-term debt -€15,810
down €15,810 (-12.9%), from €122,966 to €107,157
- Financial charges +€35,395
up €35,395 (+33.8%), from €104,767 to €140,162
- Taxes -€19,632
down €19,632 (-15.4%), from €127,542 to €107,909
- Depreciation +€9,119
up €9,119 (+42.2%), from €21,599 to €30,718
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 | €1,247,370 | €1,281,637 | +€34,267 | +2.7% |
| Fixed assets | 21/28 | €1,081,070 | €821,489 | -€259,581 | -24.0% |
| Tangible fixed assets | 22/27 | €1,080,120 | €820,539 | -€259,581 | -24.0% |
| Land and buildings | 22 | €1,000,166 | €726,746 | -€273,420 | -27.3% |
| Plant, machinery and equipment | 23 | €7,212 | €5,551 | -€1,661 | -23.0% |
| Furniture and vehicles | 24 | €72,742 | €88,242 | +€15,500 | +21.3% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €166,300 | €460,147 | +€293,848 | +176.7% |
| Amounts receivable within one year | 40/41 | €29,550 | €24,974 | -€4,576 | -15.5% |
| Trade receivables | 40 | €3,842 | €0 | -€3,842 | -100.0% |
| Other amounts receivable | 41 | €25,707 | €24,974 | -€733 | -2.9% |
| Current investments | 50/53 | €9,673 | €409,673 | +€400,000 | +4135.4% |
| Cash at bank and in hand | 54/58 | €126,234 | €23,172 | -€103,062 | -81.6% |
| Deferred charges and accrued income | 490/1 | €844 | €2,329 | +€1,485 | +176.0% |
| Total equity and liabilities | 10/49 | €1,247,370 | €1,281,637 | +€34,267 | +2.7% |
| Equity | 10/15 | €597,625 | €678,426 | +€80,801 | +13.5% |
| Contributions | 10/11 | €41,205 | €41,205 | = | 0.0% |
| Reserves | 13 | €562,328 | €643,129 | +€80,801 | +14.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €562,328 | €643,129 | +€80,801 | +14.4% |
| Profit (loss) carried forward | 14 | -€5,908 | -€5,908 | = | 0.0% |
| Provisions and deferred taxes | 16 | €91,962 | €96,297 | +€4,335 | +4.7% |
| Provisions for liabilities and charges | 160/5 | €91,962 | €96,297 | +€4,335 | +4.7% |
| Other liabilities and charges | 164/5 | €91,962 | €96,297 | +€4,335 | +4.7% |
| Amounts payable | 17/49 | €557,783 | €506,914 | -€50,869 | -9.1% |
| Amounts payable after more than one year | 17 | €196,858 | €91,871 | -€104,987 | -53.3% |
| Financial debts | 170/4 | €196,858 | €91,871 | -€104,987 | -53.3% |
| Amounts payable within one year | 42/48 | €360,925 | €415,043 | +€54,118 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €122,966 | €107,157 | -€15,810 | -12.9% |
| Trade debts | 44 | €8,911 | €2,433 | -€6,478 | -72.7% |
| Suppliers | 440/4 | €8,911 | €2,433 | -€6,478 | -72.7% |
| Taxes, remuneration and social security | 45 | €39,733 | €50,363 | +€10,630 | +26.8% |
| Taxes | 450/3 | €34,169 | €42,566 | +€8,397 | +24.6% |
| Remuneration and social security | 454/9 | €5,564 | €7,798 | +€2,234 | +40.1% |
| Other amounts payable | 47/48 | €189,314 | €255,090 | +€65,776 | +34.7% |
| Non-recurring operating income | 76A | €127,652 | €13,329 | -€114,324 | -89.6% |
| Remuneration, social security and pensions | 62 | €39,075 | €43,208 | +€4,133 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,599 | €30,718 | +€9,119 | +42.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,112 | €4,335 | +€223 | +5.4% |
| Other operating charges | 640/8 | €8,558 | €7,999 | -€559 | -6.5% |
| Non-recurring operating charges | 66A | - | €12,718 | +€12,718 | |
| Gross operating margin | 9900 | €587,091 | €587,079 | -€12 | 0.0% |
| Operating profit (loss) | 9901 | €513,747 | €488,101 | -€25,646 | -5.0% |
| Financial income | 75/76B | €255 | €202 | -€53 | -20.8% |
| Recurring financial income | 75 | €255 | €202 | -€53 | -20.8% |
| Financial charges | 65/66B | €104,767 | €140,162 | +€35,395 | +33.8% |
| Recurring financial charges | 65 | €104,767 | €140,162 | +€35,395 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €409,235 | €348,141 | -€61,094 | -14.9% |
| Income taxes | 67/77 | €127,542 | €107,909 | -€19,632 | -15.4% |
| Profit (loss) for the period | 9904 | €281,694 | €240,232 | -€41,462 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €281,694 | €240,232 | -€41,462 | -14.7% |
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 7 October 2026 via checked.be.