NAKA: 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.
NAKA
Largest movements
- Receivables within one year +€69,511
up €69,511 (+58.0%), from €119,859 to €189,370
of which Other amounts receivable: +€131,166
- Cash -€67,542
down €67,542 (-52.2%), from €129,366 to €61,824
mainly Receivables within one year (-€69,511) and Short-term financial debts (-€66,357)
- Tangible fixed assets -€16,153
down €16,153 (-1.5%), from €1.1m to €1.1m
of which Land and buildings: -€12,565
- Reserves +€89,778
up €89,778 (+12.0%), from €749,519 to €839,296
of which Distributable reserves: +€96,845
- Short-term financial debts -€66,357
no longer reported in 2025 (was €66,357)
- Current portion of long-term debt -€63,586
down €63,586 (-53.8%), from €118,160 to €54,574
- Debts after one year +€40,630
up €40,630 (+14.6%), from €278,994 to €319,624
- Staff costs -€43,086
down €43,086 (-38.4%), from €112,136 to €69,050
- Taxes +€16,248
up €16,248 (+68.5%), from €23,727 to €39,975
- Gross operating margin -€9,659
down €9,659 (-3.8%), from €252,090 to €242,432
- Financial charges -€4,932
down €4,932 (-28.7%), from €17,207 to €12,275
- Other operating charges -€4,370
down €4,370 (-46.4%), from €9,426 to €5,057
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 | €1,369,609 | €1,361,099 | -€8,510 | -0.6% |
| Fixed assets | 21/28 | €1,069,552 | €1,053,649 | -€15,903 | -1.5% |
| Tangible fixed assets | 22/27 | €1,069,552 | €1,053,399 | -€16,153 | -1.5% |
| Land and buildings | 22 | €1,054,459 | €1,041,895 | -€12,565 | -1.2% |
| Plant, machinery and equipment | 23 | €921 | €770 | -€151 | -16.4% |
| Furniture and vehicles | 24 | €7,282 | €3,844 | -€3,438 | -47.2% |
| Other tangible fixed assets | 26 | €6,890 | €6,890 | = | 0.0% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €300,057 | €307,450 | +€7,393 | +2.5% |
| Amounts receivable within one year | 40/41 | €119,859 | €189,370 | +€69,511 | +58.0% |
| Trade receivables | 40 | €61,710 | €54 | -€61,655 | -99.9% |
| Other amounts receivable | 41 | €58,150 | €189,316 | +€131,166 | +225.6% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €129,366 | €61,824 | -€67,542 | -52.2% |
| Deferred charges and accrued income | 490/1 | €831 | €6,256 | +€5,424 | +652.6% |
| Total equity and liabilities | 10/49 | €1,369,609 | €1,361,099 | -€8,510 | -0.6% |
| Equity | 10/15 | €798,047 | €887,824 | +€89,778 | +11.2% |
| Contributions | 10/11 | €48,528 | €48,528 | = | 0.0% |
| Reserves | 13 | €749,519 | €839,296 | +€89,778 | +12.0% |
| Tax-exempt reserves | 132 | €151,933 | €144,866 | -€7,067 | -4.7% |
| Distributable reserves | 133 | €597,586 | €694,430 | +€96,845 | +16.2% |
| Provisions and deferred taxes | 16 | €63,819 | €60,851 | -€2,968 | -4.7% |
| Deferred taxes | 168 | €63,819 | €60,851 | -€2,968 | -4.7% |
| Amounts payable | 17/49 | €507,743 | €412,424 | -€95,319 | -18.8% |
| Amounts payable after more than one year | 17 | €278,994 | €319,624 | +€40,630 | +14.6% |
| Financial debts | 170/4 | €278,994 | €319,624 | +€40,630 | +14.6% |
| Amounts payable within one year | 42/48 | €228,749 | €92,800 | -€135,949 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €118,160 | €54,574 | -€63,586 | -53.8% |
| Financial debts | 43 | €66,357 | - | -€66,357 | |
| Credit institutions | 430/8 | €66,357 | - | -€66,357 | |
| Trade debts | 44 | €831 | €2,498 | +€1,667 | +200.4% |
| Suppliers | 440/4 | €831 | €2,498 | +€1,667 | +200.4% |
| Taxes, remuneration and social security | 45 | €43,401 | €35,728 | -€7,673 | -17.7% |
| Taxes | 450/3 | €20,164 | €21,501 | +€1,338 | +6.6% |
| Remuneration and social security | 454/9 | €23,237 | €14,226 | -€9,011 | -38.8% |
| Non-recurring operating income | 76A | €2,109 | €363 | -€1,746 | -82.8% |
| Remuneration, social security and pensions | 62 | €112,136 | €69,050 | -€43,086 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,440 | €34,936 | +€496 | +1.4% |
| Other operating charges | 640/8 | €9,426 | €5,057 | -€4,370 | -46.4% |
| Gross operating margin | 9900 | €252,090 | €242,432 | -€9,659 | -3.8% |
| Operating profit (loss) | 9901 | €96,088 | €133,389 | +€37,301 | +38.8% |
| Financial income | 75/76B | €2,947 | €5,671 | +€2,724 | +92.4% |
| Recurring financial income | 75 | €2,947 | €5,671 | +€2,724 | +92.4% |
| Financial charges | 65/66B | €17,207 | €12,275 | -€4,932 | -28.7% |
| Recurring financial charges | 65 | €17,207 | €12,275 | -€4,932 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €81,829 | €126,785 | +€44,956 | +54.9% |
| Transfer from deferred taxes | 780 | €2,968 | €2,968 | = | 0.0% |
| Income taxes | 67/77 | €23,727 | €39,975 | +€16,248 | +68.5% |
| Profit (loss) for the period | 9904 | €61,070 | €89,778 | +€28,708 | +47.0% |
| Transfer from tax-exempt reserves | 789 | €7,067 | €7,067 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,137 | €96,845 | +€28,708 | +42.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.