NAIEIN: 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.
NAIEIN
Largest movements
- Intangible fixed assets -€40,438
down €40,438 (-19.5%), from €207,079 to €166,642
- Tangible fixed assets -€20,177
down €20,177 (-42.1%), from €47,920 to €27,744
of which Plant, machinery and equipment: -€19,034
- Receivables within one year -€5,815
down €5,815 (-79.4%), from €7,321 to €1,506
of which Trade receivables: -€6,645
- Profit (loss) carried forward -€71,686
down €71,686 (-32.4%), from -€221,058 to -€292,744
- Other debts +€37,586
up €37,586 (+8.9%), from €424,200 to €461,786
- Trade debts -€18,734
down €18,734 (-98.4%), from €19,043 to €308
- Debts after one year -€15,655
down €15,655 (-70.2%), from €22,306 to €6,651
- Gross operating margin +€88,557
up €88,557 (+91.1%), from -€97,189 to -€8,631
- Staff costs -€43,725
down €43,725 (-100%), from €43,725 to €0
- Other operating charges +€1,075
up €1,075, from €0 to €1,075
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.
Derived cash bridge
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 | €265,063 | €198,945 | -€66,119 | -24.9% |
| Fixed assets | 21/28 | €255,500 | €194,386 | -€61,114 | -23.9% |
| Intangible fixed assets | 21 | €207,079 | €166,642 | -€40,438 | -19.5% |
| Tangible fixed assets | 22/27 | €47,920 | €27,744 | -€20,177 | -42.1% |
| Plant, machinery and equipment | 23 | €44,170 | €25,135 | -€19,034 | -43.1% |
| Furniture and vehicles | 24 | €3,751 | €2,608 | -€1,142 | -30.5% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €9,564 | €4,559 | -€5,004 | -52.3% |
| Amounts receivable within one year | 40/41 | €7,321 | €1,506 | -€5,815 | -79.4% |
| Trade receivables | 40 | €6,645 | €0 | -€6,645 | -100% |
| Other amounts receivable | 41 | €676 | €1,506 | +€830 | +123% |
| Cash at bank and in hand | 54/58 | €2,243 | €3,053 | +€810 | +36.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €265,063 | €198,945 | -€66,119 | -24.9% |
| Equity | 10/15 | -€217,058 | -€288,744 | -€71,686 | -33.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,058 | -€292,744 | -€71,686 | -32.4% |
| Amounts payable | 17/49 | €482,121 | €487,689 | +€5,568 | +1.2% |
| Amounts payable after more than one year | 17 | €22,306 | €6,651 | -€15,655 | -70.2% |
| Financial debts | 170/4 | €22,306 | €6,651 | -€15,655 | -70.2% |
| Amounts payable within one year | 42/48 | €458,473 | €479,699 | +€21,225 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €15,231 | €15,655 | +€424 | +2.8% |
| Trade debts | 44 | €19,043 | €308 | -€18,734 | -98.4% |
| Suppliers | 440/4 | €19,043 | €308 | -€18,734 | -98.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,950 | +€1,950 | |
| Taxes | 450/3 | €0 | €1,950 | +€1,950 | |
| Other amounts payable | 47/48 | €424,200 | €461,786 | +€37,586 | +8.9% |
| Accrued charges and deferred income | 492/3 | €1,342 | €1,339 | -€3 | -0.2% |
| Remuneration, social security and pensions | 62 | €43,725 | €0 | -€43,725 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,349 | €60,614 | +€265 | +0.4% |
| Other operating charges | 640/8 | €0 | €1,075 | +€1,075 | |
| Gross operating margin | 9900 | -€97,189 | -€8,631 | +€88,557 | +91.1% |
| Operating profit (loss) | 9901 | -€201,263 | -€70,321 | +€130,943 | +65.1% |
| Financial income | 75/76B | €58 | €114 | +€56 | +97.7% |
| Recurring financial income | 75 | €58 | €114 | +€56 | +97.7% |
| Financial charges | 65/66B | €1,671 | €1,479 | -€192 | -11.5% |
| Recurring financial charges | 65 | €1,671 | €1,479 | -€192 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€202,877 | -€71,686 | +€131,191 | +64.7% |
| Profit (loss) for the period | 9904 | -€202,877 | -€71,686 | +€131,191 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€202,877 | -€71,686 | +€131,191 | +64.7% |
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 21 October 2026 via checked.be.