NALAS: 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.
NALAS
Largest movements
- Cash +€11,231
new in 2025: €11,231
mainly Receivables within one year (+€6,495) and Current investments (+€6,367)
- Receivables within one year -€6,495
down €6,495 (-88.6%), from €7,333 to €839
of which Trade receivables: -€6,427
- Current investments -€6,367
no longer reported in 2025 (was €6,367)
- Tangible fixed assets -€269
down €269 (-86.5%), from €311 to €42
- Deferred charges and accrued income +€156
up €156 (+204%), from €77 to €233
- Tax, wage and social debts +€3,173
new in 2025: €3,173
- Profit (loss) carried forward -€2,798
down €2,798 (-30.2%), from €9,261 to €6,463
- Other debts -€1,236
down €1,236 (-67.9%), from €1,821 to €584
- Trade debts -€882
down €882 (-43.9%), from €2,006 to €1,124
- Gross operating margin -€7,346
down €7,346 (-99.7%), from €7,369 to €23
- Financial charges +€138
up €138 (+10.5%), from €1,318 to €1,456
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 | €14,087 | €12,345 | -€1,742 | -12.4% |
| Fixed assets | 21/28 | €311 | €42 | -€269 | -86.5% |
| Tangible fixed assets | 22/27 | €311 | €42 | -€269 | -86.5% |
| Furniture and vehicles | 24 | €311 | €42 | -€269 | -86.5% |
| Current assets | 29/58 | €13,777 | €12,303 | -€1,473 | -10.7% |
| Amounts receivable within one year | 40/41 | €7,333 | €839 | -€6,495 | -88.6% |
| Trade receivables | 40 | €6,427 | - | -€6,427 | |
| Other amounts receivable | 41 | €906 | €839 | -€67 | -7.4% |
| Current investments | 50/53 | €6,367 | - | -€6,367 | |
| Cash at bank and in hand | 54/58 | - | €11,231 | +€11,231 | |
| Deferred charges and accrued income | 490/1 | €77 | €233 | +€156 | +204% |
| Total equity and liabilities | 10/49 | €14,087 | €12,345 | -€1,742 | -12.4% |
| Equity | 10/15 | €10,261 | €7,463 | -€2,798 | -27.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,261 | €6,463 | -€2,798 | -30.2% |
| Amounts payable | 17/49 | €3,826 | €4,882 | +€1,056 | +27.6% |
| Amounts payable within one year | 42/48 | €3,826 | €4,882 | +€1,056 | +27.6% |
| Trade debts | 44 | €2,006 | €1,124 | -€882 | -43.9% |
| Suppliers | 440/4 | €2,006 | €1,124 | -€882 | -43.9% |
| Taxes, remuneration and social security | 45 | - | €3,173 | +€3,173 | |
| Remuneration and social security | 454/9 | - | €3,173 | +€3,173 | |
| Other amounts payable | 47/48 | €1,821 | €584 | -€1,236 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €269 | -€57 | -17.6% |
| Other operating charges | 640/8 | €1,092 | €1,096 | +€4 | +0.4% |
| Gross operating margin | 9900 | €7,369 | €23 | -€7,346 | -99.7% |
| Operating profit (loss) | 9901 | €5,951 | -€1,342 | -€7,293 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,318 | €1,456 | +€138 | +10.5% |
| Recurring financial charges | 65 | €1,318 | €1,456 | +€138 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €4,633 | -€2,798 | -€7,431 | |
| Profit (loss) for the period | 9904 | €4,633 | -€2,798 | -€7,431 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,633 | -€2,798 | -€7,431 |
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 27 October 2026 via checked.be.