NAISE: 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.
NAISE
Largest movements
- Cash +€13,357
up €13,357 (+2,106%), from €634 to €13,992
mainly Net result for the year (+€17,547) and Depreciation (+€4,180)
- Tangible fixed assets -€9,639
down €9,639 (-81.8%), from €11,784 to €2,145
of which Assets under construction and advance payments: -€8,916
- Intangible fixed assets +€5,944
new in 2025: €5,944
- Receivables within one year -€515
down €515 (-95.9%), from €537 to €22
- Formation expenses -€485
down €485 (-29.9%), from €1,622 to €1,137
- Reserves +€12,879
new in 2025: €12,879
- Other debts -€6,640
down €6,640 (-98.8%), from €6,721 to €81
- Profit (loss) carried forward +€4,668
up €4,668, from -€4,668 to €0
- Trade debts -€2,244
down €2,244 (-88.9%), from €2,524 to €280
- Gross operating margin +€25,604
up €25,604, from -€3,694 to €21,909
- Depreciation +€3,353
up €3,353 (+406%), from €826 to €4,180
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 | €14,577 | €23,240 | +€8,663 | +59.4% |
| Formation expenses | 20 | €1,622 | €1,137 | -€485 | -29.9% |
| Fixed assets | 21/28 | €11,784 | €8,089 | -€3,695 | -31.4% |
| Intangible fixed assets | 21 | - | €5,944 | +€5,944 | |
| Tangible fixed assets | 22/27 | €11,784 | €2,145 | -€9,639 | -81.8% |
| Plant, machinery and equipment | 23 | €2,868 | €2,145 | -€723 | -25.2% |
| Assets under construction and advance payments | 27 | €8,916 | €0 | -€8,916 | -100% |
| Current assets | 29/58 | €1,171 | €14,014 | +€12,843 | +1,096% |
| Amounts receivable within one year | 40/41 | €537 | €22 | -€515 | -95.9% |
| Other amounts receivable | 41 | €537 | €22 | -€515 | -95.9% |
| Cash at bank and in hand | 54/58 | €634 | €13,992 | +€13,357 | +2,106% |
| Total equity and liabilities | 10/49 | €14,577 | €23,240 | +€8,663 | +59.4% |
| Equity | 10/15 | €5,332 | €22,879 | +€17,547 | +329% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €12,879 | +€12,879 | |
| Distributable reserves | 133 | - | €12,879 | +€12,879 | |
| Profit (loss) carried forward | 14 | -€4,668 | €0 | +€4,668 | |
| Amounts payable | 17/49 | €9,245 | €361 | -€8,884 | -96.1% |
| Amounts payable within one year | 42/48 | €9,245 | €361 | -€8,884 | -96.1% |
| Trade debts | 44 | €2,524 | €280 | -€2,244 | -88.9% |
| Suppliers | 440/4 | €2,524 | €280 | -€2,244 | -88.9% |
| Other amounts payable | 47/48 | €6,721 | €81 | -€6,640 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €4,180 | +€3,353 | +406% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | -€3,694 | €21,909 | +€25,604 | |
| Operating profit (loss) | 9901 | -€4,636 | €17,603 | +€22,239 | |
| Financial charges | 65/66B | €32 | €56 | +€24 | +73.5% |
| Recurring financial charges | 65 | €32 | €56 | +€24 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,668 | €17,547 | +€22,215 | |
| Profit (loss) for the period | 9904 | -€4,668 | €17,547 | +€22,215 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,668 | €17,547 | +€22,215 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.