NALA INVEST: 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 INVEST
Largest movements
- Cash +€279,106
up €279,106 (+527%), from €52,931 to €332,037
mainly Current investments (+€100,000) and Net result for the year (+€88,452)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€55,316
down €55,316 (-4.8%), from €1.2m to €1.1m
- Other debts +€72,978
up €72,978 (+111%), from €65,798 to €138,775
- Tax, wage and social debts +€38,603
up €38,603 (+228%), from €16,953 to €55,556
of which Taxes: +€34,524
- Reserves +€21,992
up €21,992 (+6.7%), from €326,737 to €348,729
of which Distributable reserves: +€21,992
- Taxes +€24,498
up €24,498 (+218%), from €11,235 to €35,733
- Gross operating margin -€21,139
down €21,139 (-10.0%), from €211,594 to €190,455
- Depreciation -€11,857
down €11,857 (-17.7%), from €67,173 to €55,316
- Financial charges +€2,716
up €2,716 (+6,241%), from €44 to €2,759
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 | €1,323,315 | €1,462,000 | +€138,684 | +10.5% |
| Fixed assets | 21/28 | €1,163,902 | €1,108,586 | -€55,316 | -4.8% |
| Tangible fixed assets | 22/27 | €1,163,902 | €1,108,586 | -€55,316 | -4.8% |
| Land and buildings | 22 | €1,163,902 | €1,108,586 | -€55,316 | -4.8% |
| Current assets | 29/58 | €159,413 | €353,414 | +€194,001 | +122% |
| Amounts receivable within one year | 40/41 | €6,482 | €19,022 | +€12,540 | +193% |
| Trade receivables | 40 | €6,469 | €18,827 | +€12,359 | +191% |
| Other amounts receivable | 41 | €14 | €194 | +€181 | +1,338% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €52,931 | €332,037 | +€279,106 | +527% |
| Deferred charges and accrued income | 490/1 | - | €2,355 | +€2,355 | |
| Total equity and liabilities | 10/49 | €1,323,315 | €1,462,000 | +€138,684 | +10.5% |
| Equity | 10/15 | €1,229,563 | €1,251,555 | +€21,992 | +1.8% |
| Contributions | 10/11 | €902,826 | €902,826 | = | 0.0% |
| Reserves | 13 | €326,737 | €348,729 | +€21,992 | +6.7% |
| Tax-exempt reserves | 132 | €7,471 | €7,471 | = | 0.0% |
| Distributable reserves | 133 | €319,266 | €341,258 | +€21,992 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,752 | €210,444 | +€116,692 | +124% |
| Amounts payable within one year | 42/48 | €87,252 | €203,944 | +€116,692 | +134% |
| Trade debts | 44 | €4,501 | €9,613 | +€5,112 | +114% |
| Suppliers | 440/4 | €4,501 | €9,613 | +€5,112 | +114% |
| Taxes, remuneration and social security | 45 | €16,953 | €55,556 | +€38,603 | +228% |
| Taxes | 450/3 | €12,939 | €47,462 | +€34,524 | +267% |
| Remuneration and social security | 454/9 | €4,015 | €8,094 | +€4,079 | +102% |
| Other amounts payable | 47/48 | €65,798 | €138,775 | +€72,978 | +111% |
| Accrued charges and deferred income | 492/3 | €6,500 | €6,500 | = | 0.0% |
| Non-recurring operating income | 76A | €24,289 | €0 | -€24,289 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,173 | €55,316 | -€11,857 | -17.7% |
| Other operating charges | 640/8 | €8,290 | €9,266 | +€976 | +11.8% |
| Gross operating margin | 9900 | €211,594 | €190,455 | -€21,139 | -10.0% |
| Operating profit (loss) | 9901 | €136,130 | €125,872 | -€10,258 | -7.5% |
| Financial income | 75/76B | - | €1,072 | +€1,072 | |
| Recurring financial income | 75 | - | €1,072 | +€1,072 | |
| Financial charges | 65/66B | €44 | €2,759 | +€2,716 | +6,241% |
| Recurring financial charges | 65 | €44 | €2,759 | +€2,716 | +6,241% |
| Profit (loss) for the period before taxes | 9903 | €136,087 | €124,185 | -€11,902 | -8.7% |
| Income taxes | 67/77 | €11,235 | €35,733 | +€24,498 | +218% |
| Profit (loss) for the period | 9904 | €124,851 | €88,452 | -€36,399 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €124,851 | €88,452 | -€36,399 | -29.2% |
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 20 October 2026 via checked.be.