Nala: 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.
Nala
Largest movements
- Cash +€890,677
up €890,677 (+89.1%), from €999,143 to €1.9m
mainly Net result for the year (+€491,214) and Depreciation (+€398,925)
- Intangible fixed assets -€293,000
down €293,000 (-10.7%), from €2.7m to €2.5m
- Reserves +€378,463
new in 2025: €378,463
of which Tax-exempt reserves: +€210,500
- Debts after one year -€329,956
down €329,956 (-16.9%), from €2.0m to €1.6m
- Trade debts +€225,787
up €225,787 (+12.5%), from €1.8m to €2.0m
- Profit (loss) carried forward +€112,751
no longer reported in 2025 (was -€112,751)
- Tax, wage and social debts +€89,665
up €89,665 (+17.2%), from €520,374 to €610,039
of which Remuneration and social security: +€63,528
- Gross operating margin +€1.8m
up €1.8m (+103.2%), from €1.8m to €3.6m
- Staff costs +€879,721
up €879,721 (+57.4%), from €1.5m to €2.4m
- Depreciation +€153,646
up €153,646 (+62.6%), from €245,279 to €398,925
- Taxes +€137,632
up €137,632 (+57918.6%), from €238 to €137,870
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 | €5,593,497 | €6,112,871 | +€519,374 | +9.3% |
| Formation expenses | 20 | €19,017 | €14,476 | -€4,541 | -23.9% |
| Fixed assets | 21/28 | €3,343,531 | €2,991,887 | -€351,643 | -10.5% |
| Intangible fixed assets | 21 | €2,746,708 | €2,453,708 | -€293,000 | -10.7% |
| Tangible fixed assets | 22/27 | €596,823 | €538,180 | -€58,643 | -9.8% |
| Plant, machinery and equipment | 23 | €596,823 | €504,648 | -€92,175 | -15.4% |
| Other tangible fixed assets | 26 | - | €33,532 | +€33,532 | |
| Current assets | 29/58 | €2,230,949 | €3,106,508 | +€875,559 | +39.2% |
| Stocks and contracts in progress | 3 | €820,724 | €822,608 | +€1,884 | +0.2% |
| Stocks | 30/36 | €820,724 | €822,608 | +€1,884 | +0.2% |
| Amounts receivable within one year | 40/41 | €362,388 | €351,719 | -€10,669 | -2.9% |
| Trade receivables | 40 | €313,269 | €330,550 | +€17,281 | +5.5% |
| Other amounts receivable | 41 | €49,119 | €21,169 | -€27,950 | -56.9% |
| Cash at bank and in hand | 54/58 | €999,143 | €1,889,820 | +€890,677 | +89.1% |
| Deferred charges and accrued income | 490/1 | €48,694 | €42,361 | -€6,333 | -13.0% |
| Total equity and liabilities | 10/49 | €5,593,497 | €6,112,871 | +€519,374 | +9.3% |
| Equity | 10/15 | €962,249 | €1,453,463 | +€491,214 | +51.0% |
| Contributions | 10/11 | €1,075,000 | €1,075,000 | = | 0.0% |
| Reserves | 13 | - | €378,463 | +€378,463 | |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | - | €167,963 | +€167,963 | |
| Profit (loss) carried forward | 14 | -€112,751 | - | +€112,751 | |
| Amounts payable | 17/49 | €4,631,248 | €4,659,408 | +€28,160 | +0.6% |
| Amounts payable after more than one year | 17 | €1,953,466 | €1,623,510 | -€329,956 | -16.9% |
| Financial debts | 170/4 | €1,953,466 | €1,623,510 | -€329,956 | -16.9% |
| Amounts payable within one year | 42/48 | €2,665,371 | €2,994,622 | +€329,251 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €343,070 | €356,869 | +€13,799 | +4.0% |
| Trade debts | 44 | €1,801,926 | €2,027,713 | +€225,787 | +12.5% |
| Suppliers | 440/4 | €1,801,926 | €2,027,713 | +€225,787 | +12.5% |
| Taxes, remuneration and social security | 45 | €520,374 | €610,039 | +€89,665 | +17.2% |
| Taxes | 450/3 | €20,389 | €46,526 | +€26,137 | +128.2% |
| Remuneration and social security | 454/9 | €499,985 | €563,514 | +€63,528 | +12.7% |
| Accrued charges and deferred income | 492/3 | €12,411 | €41,276 | +€28,865 | +232.6% |
| Remuneration, social security and pensions | 62 | €1,533,442 | €2,413,163 | +€879,721 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,279 | €398,925 | +€153,646 | +62.6% |
| Other operating charges | 640/8 | €35,892 | €43,510 | +€7,618 | +21.2% |
| Gross operating margin | 9900 | €1,755,911 | €3,568,165 | +€1.8m | +103.2% |
| Operating profit (loss) | 9901 | -€58,703 | €712,567 | +€771,270 | |
| Financial income | 75/76B | €9,088 | €3,909 | -€5,180 | -57.0% |
| Recurring financial income | 75 | €9,088 | €3,909 | -€5,180 | -57.0% |
| Financial charges | 65/66B | €62,898 | €87,392 | +€24,494 | +38.9% |
| Recurring financial charges | 65 | €62,898 | €87,392 | +€24,494 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | -€112,513 | €629,083 | +€741,597 | |
| Income taxes | 67/77 | €238 | €137,870 | +€137,632 | +57918.6% |
| Profit (loss) for the period | 9904 | -€112,751 | €491,214 | +€603,965 | |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,751 | €280,714 | +€393,465 |
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 10 October 2026 via checked.be.