NAKODIAM: 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.
NAKODIAM
Largest movements
- Stocks and contracts -€312,867
no longer reported in 2025 (was €312,867)
- Cash -€48,558
down €48,558 (-18.6%), from €260,470 to €211,911
mainly Net result for the year (-€321,796) and Investment in fixed assets (net) (-€37,958)
- Tangible fixed assets +€29,077
up €29,077 (+38.3%), from €75,967 to €105,043
of which Furniture and vehicles: +€33,707
- Profit (loss) carried forward -€321,796
new in 2025: -€321,796
- Gross operating margin +€115,418
up €115,418 (+29.6%), from -€389,376 to -€273,958
- Other operating charges -€82,080
down €82,080 (-98.2%), from €83,585 to €1,505
- Write-downs +€81,074
no longer reported in 2025 (was -€81,074)
- Financial income -€77,335
no longer reported in 2025 (was €77,335)
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 | €658,417 | €323,844 | -€334,573 | -50.8% |
| Fixed assets | 21/28 | €75,967 | €105,043 | +€29,077 | +38.3% |
| Tangible fixed assets | 22/27 | €75,967 | €105,043 | +€29,077 | +38.3% |
| Land and buildings | 22 | €74,642 | €69,765 | -€4,876 | -6.5% |
| Plant, machinery and equipment | 23 | €1,325 | €1,571 | +€246 | +18.6% |
| Furniture and vehicles | 24 | €0 | €33,707 | +€33,707 | +337,066,800% |
| Current assets | 29/58 | €582,450 | €218,801 | -€363,649 | -62.4% |
| Stocks and contracts in progress | 3 | €312,867 | - | -€312,867 | |
| Stocks | 30/36 | €312,867 | - | -€312,867 | |
| Amounts receivable within one year | 40/41 | €7,578 | €5,958 | -€1,619 | -21.4% |
| Other amounts receivable | 41 | €7,578 | €5,958 | -€1,619 | -21.4% |
| Cash at bank and in hand | 54/58 | €260,470 | €211,911 | -€48,558 | -18.6% |
| Deferred charges and accrued income | 490/1 | €1,536 | €931 | -€604 | -39.4% |
| Total equity and liabilities | 10/49 | €658,417 | €323,844 | -€334,573 | -50.8% |
| Equity | 10/15 | €574,442 | €252,646 | -€321,796 | -56.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €555,842 | €555,842 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,133 | €15,133 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,133 | €15,133 | = | 0.0% |
| Distributable reserves | 133 | €540,709 | €540,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€321,796 | -€321,796 | |
| Amounts payable | 17/49 | €83,975 | €71,198 | -€12,777 | -15.2% |
| Amounts payable within one year | 42/48 | €83,405 | €71,198 | -€12,207 | -14.6% |
| Trade debts | 44 | €1,585 | €177 | -€1,408 | -88.8% |
| Suppliers | 440/4 | €1,585 | €177 | -€1,408 | -88.8% |
| Taxes, remuneration and social security | 45 | €12,096 | €6,076 | -€6,019 | -49.8% |
| Taxes | 450/3 | €3,683 | €740 | -€2,943 | -79.9% |
| Remuneration and social security | 454/9 | €8,413 | €5,336 | -€3,077 | -36.6% |
| Other amounts payable | 47/48 | €69,725 | €64,945 | -€4,780 | -6.9% |
| Accrued charges and deferred income | 492/3 | €570 | - | -€570 | |
| Non-recurring operating income | 76A | - | €5,988 | +€5,988 | |
| Remuneration, social security and pensions | 62 | €31,963 | €33,332 | +€1,368 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,871 | €8,881 | +€2,010 | +29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€81,074 | - | +€81,074 | |
| Other operating charges | 640/8 | €83,585 | €1,505 | -€82,080 | -98.2% |
| Gross operating margin | 9900 | -€389,376 | -€273,958 | +€115,418 | +29.6% |
| Operating profit (loss) | 9901 | -€430,721 | -€317,676 | +€113,045 | +26.2% |
| Financial income | 75/76B | €77,335 | - | -€77,335 | |
| Recurring financial income | 75 | €77,335 | - | -€77,335 | |
| Financial charges | 65/66B | €2,148 | €3,382 | +€1,234 | +57.5% |
| Recurring financial charges | 65 | €2,148 | €3,382 | +€1,234 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | -€355,534 | -€321,058 | +€34,476 | +9.7% |
| Income taxes | 67/77 | €510 | €738 | +€227 | +44.5% |
| Profit (loss) for the period | 9904 | -€356,045 | -€321,796 | +€34,249 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€356,045 | -€321,796 | +€34,249 | +9.6% |
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 15 October 2026 via checked.be.