NAIKPAI: 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.
NAIKPAI
Largest movements
- Stocks and contracts -€2,674
down €2,674 (-18.1%), from €14,737 to €12,063
- Cash -€1,781
down €1,781 (-32.9%), from €5,410 to €3,629
mainly Net result for the year (-€54,499)
- Profit (loss) carried forward -€54,499
down €54,499 (-246%), from -€22,173 to -€76,672
- Trade debts +€28,883
up €28,883 (+280,694%), from €10 to €28,894
- Tax, wage and social debts +€21,155
up €21,155 (+62.8%), from €33,700 to €54,855
of which Remuneration and social security: +€21,043
- Gross operating margin -€21,894
down €21,894 (-172%), from -€12,766 to -€34,661
- Staff costs -€5,193
down €5,193 (-20.8%), from €24,929 to €19,736
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 | €20,968 | €16,460 | -€4,508 | -21.5% |
| Current assets | 29/58 | €20,968 | €16,460 | -€4,508 | -21.5% |
| Stocks and contracts in progress | 3 | €14,737 | €12,063 | -€2,674 | -18.1% |
| Stocks | 30/36 | €14,737 | €12,063 | -€2,674 | -18.1% |
| Amounts receivable within one year | 40/41 | €821 | €768 | -€53 | -6.5% |
| Other amounts receivable | 41 | €821 | €768 | -€53 | -6.5% |
| Cash at bank and in hand | 54/58 | €5,410 | €3,629 | -€1,781 | -32.9% |
| Total equity and liabilities | 10/49 | €20,968 | €16,460 | -€4,508 | -21.5% |
| Equity | 10/15 | -€22,173 | -€76,672 | -€54,499 | -246% |
| Profit (loss) carried forward | 14 | -€22,173 | -€76,672 | -€54,499 | -246% |
| Amounts payable | 17/49 | €43,141 | €93,132 | +€49,991 | +116% |
| Amounts payable within one year | 42/48 | €43,141 | €93,132 | +€49,991 | +116% |
| Trade debts | 44 | €10 | €28,894 | +€28,883 | +280,694% |
| Suppliers | 440/4 | €10 | €28,894 | +€28,883 | +280,694% |
| Taxes, remuneration and social security | 45 | €33,700 | €54,855 | +€21,155 | +62.8% |
| Taxes | 450/3 | €1,498 | €1,610 | +€112 | +7.5% |
| Remuneration and social security | 454/9 | €32,202 | €53,244 | +€21,043 | +65.3% |
| Other amounts payable | 47/48 | €9,431 | €9,383 | -€48 | -0.5% |
| Remuneration, social security and pensions | 62 | €24,929 | €19,736 | -€5,193 | -20.8% |
| Gross operating margin | 9900 | -€12,766 | -€34,661 | -€21,894 | -172% |
| Operating profit (loss) | 9901 | -€37,696 | -€54,397 | -€16,701 | -44.3% |
| Financial charges | 65/66B | €125 | €102 | -€23 | -18.1% |
| Recurring financial charges | 65 | €125 | €102 | -€23 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,820 | -€54,499 | -€16,679 | -44.1% |
| Profit (loss) for the period | 9904 | -€37,820 | -€54,499 | -€16,679 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,820 | -€54,499 | -€16,679 | -44.1% |
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 16 October 2026 via checked.be.