NAILISA: 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.
NAILISA
Largest movements
- Tangible fixed assets -€53,635
down €53,635 (-41.3%), from €129,902 to €76,267
of which Land and buildings: -€28,348
- Receivables within one year +€32,508
up €32,508 (+89.5%), from €36,318 to €68,827
of which Trade receivables: +€32,508
- Cash -€6,556
down €6,556 (-85.4%), from €7,673 to €1,117
mainly Tax, wage and social debts (-€117,782) and Debts after one year (-€40,062)
- Deferred charges and accrued income -€5,211
down €5,211 (-49.2%), from €10,599 to €5,388
- Intangible fixed assets -€5,060
down €5,060 (-24.1%), from €21,040 to €15,979
- Other debts +€162,021
up €162,021 (+941.6%), from €17,207 to €179,228
- Tax, wage and social debts -€117,782
down €117,782 (-69.2%), from €170,158 to €52,375
of which Remuneration and social security: -€72,031
- Debts after one year -€40,062
down €40,062 (-71.7%), from €55,867 to €15,805
- Profit (loss) carried forward -€20,966
down €20,966 (-101.9%), from -€20,566 to -€41,532
- Short-term financial debts -€15,161
down €15,161 (-29.8%), from €50,948 to €35,786
- Gross operating margin +€34,655
up €34,655 (+12.4%), from €279,271 to €313,927
- Staff costs -€22,716
down €22,716 (-8.1%), from €280,905 to €258,189
- Financial charges -€10,723
down €10,723 (-33.2%), from €32,332 to €21,609
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 | €394,396 | €353,927 | -€40,469 | -10.3% |
| Fixed assets | 21/28 | €151,809 | €93,113 | -€58,696 | -38.7% |
| Intangible fixed assets | 21 | €21,040 | €15,979 | -€5,060 | -24.1% |
| Tangible fixed assets | 22/27 | €129,902 | €76,267 | -€53,635 | -41.3% |
| Land and buildings | 22 | €56,483 | €28,135 | -€28,348 | -50.2% |
| Plant, machinery and equipment | 23 | €5,372 | €606 | -€4,766 | -88.7% |
| Furniture and vehicles | 24 | €30,672 | €16,038 | -€14,633 | -47.7% |
| Other tangible fixed assets | 26 | €37,376 | €31,488 | -€5,888 | -15.8% |
| Financial fixed assets | 28 | €867 | €867 | = | 0.0% |
| Current assets | 29/58 | €242,587 | €260,814 | +€18,227 | +7.5% |
| Stocks and contracts in progress | 3 | €187,997 | €185,482 | -€2,515 | -1.3% |
| Stocks | 30/36 | €187,997 | €185,482 | -€2,515 | -1.3% |
| Amounts receivable within one year | 40/41 | €36,318 | €68,827 | +€32,508 | +89.5% |
| Trade receivables | 40 | €6,469 | €38,978 | +€32,508 | +502.5% |
| Other amounts receivable | 41 | €29,849 | €29,849 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,673 | €1,117 | -€6,556 | -85.4% |
| Deferred charges and accrued income | 490/1 | €10,599 | €5,388 | -€5,211 | -49.2% |
| Total equity and liabilities | 10/49 | €394,396 | €353,927 | -€40,469 | -10.3% |
| Equity | 10/15 | -€1,966 | -€22,932 | -€20,966 | -1066.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,566 | -€41,532 | -€20,966 | -101.9% |
| Amounts payable | 17/49 | €396,362 | €376,859 | -€19,503 | -4.9% |
| Amounts payable after more than one year | 17 | €55,867 | €15,805 | -€40,062 | -71.7% |
| Financial debts | 170/4 | €55,867 | €15,805 | -€40,062 | -71.7% |
| Amounts payable within one year | 42/48 | €340,495 | €359,888 | +€19,393 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €57,306 | €43,656 | -€13,650 | -23.8% |
| Financial debts | 43 | €50,948 | €35,786 | -€15,161 | -29.8% |
| Credit institutions | 430/8 | €50,948 | €35,786 | -€15,161 | -29.8% |
| Trade debts | 44 | €44,876 | €48,843 | +€3,966 | +8.8% |
| Suppliers | 440/4 | €44,876 | €48,843 | +€3,966 | +8.8% |
| Taxes, remuneration and social security | 45 | €170,158 | €52,375 | -€117,782 | -69.2% |
| Taxes | 450/3 | €83,679 | €37,928 | -€45,751 | -54.7% |
| Remuneration and social security | 454/9 | €86,479 | €14,447 | -€72,031 | -83.3% |
| Other amounts payable | 47/48 | €17,207 | €179,228 | +€162,021 | +941.6% |
| Accrued charges and deferred income | 492/3 | - | €1,165 | +€1,165 | |
| Non-recurring operating income | 76A | €12,557 | - | -€12,557 | |
| Remuneration, social security and pensions | 62 | €280,905 | €258,189 | -€22,716 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,565 | €53,104 | -€461 | -0.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €1,460 | +€1,460 | |
| Gross operating margin | 9900 | €279,271 | €313,927 | +€34,655 | +12.4% |
| Operating profit (loss) | 9901 | -€55,586 | €774 | +€56,360 | |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €32,332 | €21,609 | -€10,723 | -33.2% |
| Recurring financial charges | 65 | €32,332 | €21,609 | -€10,723 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€87,887 | -€20,834 | +€67,053 | +76.3% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +2.8% |
| Profit (loss) for the period | 9904 | -€88,016 | -€20,966 | +€67,050 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,016 | -€20,966 | +€67,050 | +76.2% |
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 5 October 2026 via checked.be.