NAÏL: 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.
NAÏL
Largest movements
- Tangible fixed assets +€6,689
up €6,689 (+21.5%), from €31,063 to €37,752
- Receivables within one year -€3,100
no longer reported in 2025 (was €3,100)
- Cash +€2,965
up €2,965 (+19.2%), from €15,405 to €18,370
mainly Depreciation (+€13,462) and Other debts (+€9,070)
- Deferred charges and accrued income +€2,154
new in 2025: €2,154
- Other debts +€9,070
up €9,070 (+647%), from €1,401 to €10,471
- Profit (loss) carried forward +€4,366
up €4,366 (+16.4%), from €26,569 to €30,935
- Trade debts -€4,202
down €4,202 (-43.3%), from €9,705 to €5,503
- Other operating charges -€2,474
down €2,474 (-96.7%), from €2,559 to €85
- Gross operating margin -€2,381
down €2,381 (-10.7%), from €22,196 to €19,815
- Depreciation +€2,072
up €2,072 (+18.2%), from €11,390 to €13,462
- Taxes +€326
up €326 (+22.7%), from €1,436 to €1,762
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 | €49,568 | €58,276 | +€8,708 | +17.6% |
| Fixed assets | 21/28 | €31,063 | €37,752 | +€6,689 | +21.5% |
| Tangible fixed assets | 22/27 | €31,063 | €37,752 | +€6,689 | +21.5% |
| Furniture and vehicles | 24 | €31,063 | €37,752 | +€6,689 | +21.5% |
| Current assets | 29/58 | €18,505 | €20,523 | +€2,018 | +10.9% |
| Amounts receivable within one year | 40/41 | €3,100 | - | -€3,100 | |
| Other amounts receivable | 41 | €3,100 | - | -€3,100 | |
| Cash at bank and in hand | 54/58 | €15,405 | €18,370 | +€2,965 | +19.2% |
| Deferred charges and accrued income | 490/1 | - | €2,154 | +€2,154 | |
| Total equity and liabilities | 10/49 | €49,568 | €58,276 | +€8,708 | +17.6% |
| Equity | 10/15 | €31,569 | €35,935 | +€4,366 | +13.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,569 | €30,935 | +€4,366 | +16.4% |
| Amounts payable | 17/49 | €17,999 | €22,340 | +€4,341 | +24.1% |
| Amounts payable within one year | 42/48 | €17,999 | €22,340 | +€4,341 | +24.1% |
| Trade debts | 44 | €9,705 | €5,503 | -€4,202 | -43.3% |
| Suppliers | 440/4 | €9,705 | €5,503 | -€4,202 | -43.3% |
| Taxes, remuneration and social security | 45 | €6,893 | €6,366 | -€527 | -7.7% |
| Taxes | 450/3 | €6,893 | €4,806 | -€2,087 | -30.3% |
| Remuneration and social security | 454/9 | - | €1,560 | +€1,560 | |
| Other amounts payable | 47/48 | €1,401 | €10,471 | +€9,070 | +647% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,390 | €13,462 | +€2,072 | +18.2% |
| Other operating charges | 640/8 | €2,559 | €85 | -€2,474 | -96.7% |
| Non-recurring operating charges | 66A | €869 | - | -€869 | |
| Gross operating margin | 9900 | €22,196 | €19,815 | -€2,381 | -10.7% |
| Operating profit (loss) | 9901 | €7,378 | €6,268 | -€1,110 | -15.0% |
| Financial income | 75/76B | €2 | €9 | +€7 | +358% |
| Recurring financial income | 75 | €2 | €9 | +€7 | +358% |
| Financial charges | 65/66B | €202 | €150 | -€52 | -25.7% |
| Recurring financial charges | 65 | €202 | €150 | -€52 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €7,178 | €6,127 | -€1,051 | -14.6% |
| Income taxes | 67/77 | €1,436 | €1,762 | +€326 | +22.7% |
| Profit (loss) for the period | 9904 | €5,742 | €4,365 | -€1,377 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,742 | €4,365 | -€1,377 | -24.0% |
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 17 October 2026 via checked.be.