NALA: 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.
NALA
Largest movements
- Tangible fixed assets -€6,703
down €6,703 (-6.2%), from €108,310 to €101,607
of which Land and buildings: -€4,473
- Deferred charges and accrued income +€1,231
up €1,231 (+355.8%), from €346 to €1,577
- Debts after one year -€8,444
down €8,444 (-85.4%), from €9,890 to €1,446
- Reserves +€7,227
up €7,227 (+32.5%), from €22,240 to €29,467
- Short-term financial debts -€4,410
down €4,410 (-7.8%), from €56,860 to €52,450
- Gross operating margin +€1,913
up €1,913 (+11.6%), from €16,452 to €18,365
- Taxes +€670
up €670 (+30.2%), from €2,219 to €2,889
- Financial charges -€446
down €446 (-34.4%), from €1,297 to €851
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 | €110,269 | €105,629 | -€4,640 | -4.2% |
| Fixed assets | 21/28 | €108,310 | €101,607 | -€6,703 | -6.2% |
| Tangible fixed assets | 22/27 | €108,310 | €101,607 | -€6,703 | -6.2% |
| Land and buildings | 22 | €93,589 | €89,116 | -€4,473 | -4.8% |
| Other tangible fixed assets | 26 | €14,721 | €12,491 | -€2,230 | -15.1% |
| Current assets | 29/58 | €1,959 | €4,022 | +€2,063 | +105.3% |
| Cash at bank and in hand | 54/58 | €1,613 | €2,445 | +€832 | +51.6% |
| Deferred charges and accrued income | 490/1 | €346 | €1,577 | +€1,231 | +355.8% |
| Total equity and liabilities | 10/49 | €110,269 | €105,629 | -€4,640 | -4.2% |
| Equity | 10/15 | €28,440 | €35,667 | +€7,227 | +25.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,240 | €29,467 | +€7,227 | +32.5% |
| Distributable reserves | 133 | €22,240 | €29,467 | +€7,227 | +32.5% |
| Amounts payable | 17/49 | €81,829 | €69,962 | -€11,867 | -14.5% |
| Amounts payable after more than one year | 17 | €9,890 | €1,446 | -€8,444 | -85.4% |
| Financial debts | 170/4 | €9,890 | €1,446 | -€8,444 | -85.4% |
| Amounts payable within one year | 42/48 | €70,917 | €67,524 | -€3,393 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €8,277 | €8,443 | +€166 | +2.0% |
| Financial debts | 43 | €56,860 | €52,450 | -€4,410 | -7.8% |
| Other loans | 439 | €56,860 | €52,450 | -€4,410 | -7.8% |
| Taxes, remuneration and social security | 45 | €2,219 | €2,889 | +€670 | +30.2% |
| Taxes | 450/3 | €2,219 | €2,889 | +€670 | +30.2% |
| Other amounts payable | 47/48 | €3,561 | €3,742 | +€181 | +5.1% |
| Accrued charges and deferred income | 492/3 | €1,022 | €992 | -€30 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,703 | €6,703 | = | 0.0% |
| Other operating charges | 640/8 | €705 | €695 | -€10 | -1.4% |
| Gross operating margin | 9900 | €16,452 | €18,365 | +€1,913 | +11.6% |
| Operating profit (loss) | 9901 | €9,044 | €10,967 | +€1,923 | +21.3% |
| Financial charges | 65/66B | €1,297 | €851 | -€446 | -34.4% |
| Recurring financial charges | 65 | €1,297 | €851 | -€446 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €7,747 | €10,116 | +€2,369 | +30.6% |
| Income taxes | 67/77 | €2,219 | €2,889 | +€670 | +30.2% |
| Profit (loss) for the period | 9904 | €5,528 | €7,227 | +€1,699 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,528 | €7,227 | +€1,699 | +30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.