Nakra: what changed
Nakra
Largest movements
- Tangible fixed assets +€351,823
up €351,823 (+67.7%), from €519,895 to €871,718
of which Land and buildings: +€364,922
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Cash +€12,402
up €12,402 (+14.1%), from €87,733 to €100,135
mainly Current investments (+€200,000) and Other debts (+€170,000)
- Other debts +€170,000
new in 2025: €170,000
- Reserves -€88,667
down €88,667 (-30.2%), from €293,380 to €204,714
- Current portion of long-term debt +€29,852
up €29,852 (+99.0%), from €30,148 to €60,000
- Debts after one year +€28,505
up €28,505 (+6.1%), from €468,995 to €497,500
- Tax, wage and social debts +€18,681
up €18,681 (+71.2%), from €26,233 to €44,914
- Gross operating margin +€64,685
up €64,685 (+55.4%), from €116,810 to €181,495
- Other operating charges -€12,641
down €12,641 (-93.8%), from €13,478 to €838
- Taxes +€11,039
up €11,039 (+56.3%), from €19,597 to €30,636
- Financial charges +€9,482
up €9,482 (+81.0%), from €11,701 to €21,183
of which Financial charges: +€9,482
- Financial income -€7,669
down €7,669 (-100.0%), from €7,669 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €843,399 | €1,014,161 | +€170,762 | +20.2% |
| Fixed assets | 21/28 | €525,295 | €877,118 | +€351,823 | +67.0% |
| Tangible fixed assets | 22/27 | €519,895 | €871,718 | +€351,823 | +67.7% |
| Land and buildings | 22 | €501,312 | €866,234 | +€364,922 | +72.8% |
| Furniture and vehicles | 24 | €18,583 | €5,484 | -€13,099 | -70.5% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €318,104 | €137,043 | -€181,061 | -56.9% |
| Amounts receivable within one year | 40/41 | €25,883 | €35,861 | +€9,978 | +38.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €25,883 | €35,861 | +€9,978 | +38.5% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €87,733 | €100,135 | +€12,402 | +14.1% |
| Deferred charges and accrued income | 490/1 | €4,487 | €1,047 | -€3,440 | -76.7% |
| Total equity and liabilities | 10/49 | €843,399 | €1,014,161 | +€170,762 | +20.2% |
| Equity | 10/15 | €294,380 | €205,714 | -€88,667 | -30.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €293,380 | €204,714 | -€88,667 | -30.2% |
| Distributable reserves | 133 | €293,380 | €204,714 | -€88,667 | -30.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €549,018 | €808,447 | +€259,429 | +47.3% |
| Amounts payable after more than one year | 17 | €468,995 | €497,500 | +€28,505 | +6.1% |
| Financial debts | 170/4 | €468,995 | €497,500 | +€28,505 | +6.1% |
| Amounts payable within one year | 42/48 | €80,023 | €310,947 | +€230,924 | +289% |
| Current portion of amounts payable after more than one year | 42 | €30,148 | €60,000 | +€29,852 | +99.0% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €23,641 | €21,033 | -€2,608 | -11.0% |
| Suppliers | 440/4 | €23,641 | €21,033 | -€2,608 | -11.0% |
| Taxes, remuneration and social security | 45 | €26,233 | €44,914 | +€18,681 | +71.2% |
| Taxes | 450/3 | €26,233 | €44,914 | +€18,681 | +71.2% |
| Other amounts payable | 47/48 | - | €170,000 | +€170,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,847 | €17,505 | +€1,657 | +10.5% |
| Other operating charges | 640/8 | €13,478 | €838 | -€12,641 | -93.8% |
| Gross operating margin | 9900 | €116,810 | €181,495 | +€64,685 | +55.4% |
| Operating profit (loss) | 9901 | €87,485 | €163,152 | +€75,668 | +86.5% |
| Financial income | 75/76B | €7,669 | €0 | -€7,669 | -100.0% |
| Recurring financial income | 75 | €7,669 | €0 | -€7,669 | -100.0% |
| Financial charges | 65/66B | €11,701 | €21,183 | +€9,482 | +81.0% |
| Recurring financial charges | 65 | €11,701 | €21,183 | +€9,482 | +81.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €83,453 | €141,969 | +€58,516 | +70.1% |
| Income taxes | 67/77 | €19,597 | €30,636 | +€11,039 | +56.3% |
| Profit (loss) for the period | 9904 | €63,856 | €111,333 | +€47,477 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,856 | €111,333 | +€47,477 | +74.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.