NALE: 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.
NALE
Largest movements
- Tangible fixed assets -€43,003
down €43,003 (-3.6%), from €1.2m to €1.2m
of which Land and buildings: -€42,908
- Receivables within one year +€27,119
up €27,119 (+301.3%), from €9,000 to €36,119
- Other debts -€101,985
down €101,985 (-100.0%), from €101,985 to €0
- Profit (loss) carried forward +€68,155
up €68,155, from -€68,155 to €0
- Reserves +€19,751
up €19,751 (+35.5%), from €55,628 to €75,378
of which Distributable reserves: +€19,751
- Depreciation -€13,626
down €13,626 (-23.1%), from €59,035 to €45,410
- Gross operating margin -€5,685
down €5,685 (-3.5%), from €160,842 to €155,156
- Financial charges -€2,022
down €2,022 (-89.1%), from €2,270 to €248
- Other operating charges +€1,990
up €1,990 (+9.8%), from €20,311 to €22,301
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,209,306 | €1,195,372 | -€13,933 | -1.2% |
| Fixed assets | 21/28 | €1,198,011 | €1,155,008 | -€43,003 | -3.6% |
| Tangible fixed assets | 22/27 | €1,198,011 | €1,155,008 | -€43,003 | -3.6% |
| Land and buildings | 22 | €1,197,604 | €1,154,695 | -€42,908 | -3.6% |
| Plant, machinery and equipment | 23 | €407 | €312 | -€95 | -23.3% |
| Current assets | 29/58 | €11,295 | €40,365 | +€29,070 | +257.4% |
| Amounts receivable within one year | 40/41 | €9,000 | €36,119 | +€27,119 | +301.3% |
| Other amounts receivable | 41 | €9,000 | €36,119 | +€27,119 | +301.3% |
| Cash at bank and in hand | 54/58 | €2,295 | €779 | -€1,515 | -66.0% |
| Deferred charges and accrued income | 490/1 | - | €3,467 | +€3,467 | |
| Total equity and liabilities | 10/49 | €1,209,306 | €1,195,372 | -€13,933 | -1.2% |
| Equity | 10/15 | €1,102,821 | €1,190,727 | +€87,906 | +8.0% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Revaluation surpluses | 12 | €955,349 | €955,349 | = | 0.0% |
| Reserves | 13 | €55,628 | €75,378 | +€19,751 | +35.5% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €39,628 | €59,378 | +€19,751 | +49.8% |
| Profit (loss) carried forward | 14 | -€68,155 | €0 | +€68,155 | |
| Amounts payable | 17/49 | €106,485 | €4,645 | -€101,840 | -95.6% |
| Amounts payable after more than one year | 17 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 178/9 | €4,500 | €4,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,985 | €145 | -€101,840 | -99.9% |
| Trade debts | 44 | - | €145 | +€145 | |
| Suppliers | 440/4 | - | €145 | +€145 | |
| Other amounts payable | 47/48 | €101,985 | €0 | -€101,985 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,035 | €45,410 | -€13,626 | -23.1% |
| Other operating charges | 640/8 | €20,311 | €22,301 | +€1,990 | +9.8% |
| Gross operating margin | 9900 | €160,842 | €155,156 | -€5,685 | -3.5% |
| Operating profit (loss) | 9901 | €81,495 | €87,446 | +€5,951 | +7.3% |
| Financial income | 75/76B | - | €708 | +€708 | |
| Recurring financial income | 75 | - | €708 | +€708 | |
| Financial charges | 65/66B | €2,270 | €248 | -€2,022 | -89.1% |
| Recurring financial charges | 65 | €2,270 | €248 | -€2,022 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €79,225 | €87,906 | +€8,681 | +11.0% |
| Profit (loss) for the period | 9904 | €79,225 | €87,906 | +€8,681 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,225 | €87,906 | +€8,681 | +11.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.