Nalisu: 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.
Nalisu
Largest movements
- Receivables within one year -€23,958
down €23,958 (-64.5%), from €37,149 to €13,191
of which Trade receivables: -€24,497
- Cash -€12,810
down €12,810 (-24.9%), from €51,345 to €38,535
mainly Contributions, distributions and other (-€82,824) and Deferred charges and accrued income (-€8,450)
- Deferred charges and accrued income +€8,450
up €8,450 (+762%), from €1,109 to €9,559
- Reserves -€54,267
down €54,267 (-66.0%), from €82,227 to €27,960
- Other debts +€24,583
up €24,583 (+1,128%), from €2,180 to €26,763
- Gross operating margin -€2,613
down €2,613 (-6.1%), from €42,505 to €39,892
- Taxes -€539
down €539 (-6.2%), from €8,731 to €8,192
- Other operating charges -€432
down €432 (-32.4%), from €1,336 to €904
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 | €91,067 | €61,884 | -€29,182 | -32.0% |
| Fixed assets | 21/28 | €1,464 | €599 | -€865 | -59.1% |
| Tangible fixed assets | 22/27 | €1,464 | €599 | -€865 | -59.1% |
| Plant, machinery and equipment | 23 | €1,464 | €599 | -€865 | -59.1% |
| Current assets | 29/58 | €89,603 | €61,285 | -€28,318 | -31.6% |
| Amounts receivable within one year | 40/41 | €37,149 | €13,191 | -€23,958 | -64.5% |
| Trade receivables | 40 | €36,880 | €12,383 | -€24,497 | -66.4% |
| Other amounts receivable | 41 | €269 | €808 | +€539 | +200% |
| Cash at bank and in hand | 54/58 | €51,345 | €38,535 | -€12,810 | -24.9% |
| Deferred charges and accrued income | 490/1 | €1,109 | €9,559 | +€8,450 | +762% |
| Total equity and liabilities | 10/49 | €91,067 | €61,884 | -€29,182 | -32.0% |
| Equity | 10/15 | €83,227 | €28,960 | -€54,267 | -65.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €82,227 | €27,960 | -€54,267 | -66.0% |
| Distributable reserves | 133 | €82,227 | €27,960 | -€54,267 | -66.0% |
| Amounts payable | 17/49 | €7,840 | €32,925 | +€25,085 | +320% |
| Amounts payable within one year | 42/48 | €7,840 | €32,925 | +€25,085 | +320% |
| Trade debts | 44 | €112 | - | -€112 | |
| Suppliers | 440/4 | €112 | - | -€112 | |
| Taxes, remuneration and social security | 45 | €5,548 | €6,162 | +€614 | +11.1% |
| Taxes | 450/3 | €5,548 | €6,162 | +€614 | +11.1% |
| Other amounts payable | 47/48 | €2,180 | €26,763 | +€24,583 | +1,128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865 | €865 | = | 0.0% |
| Other operating charges | 640/8 | €1,336 | €904 | -€432 | -32.4% |
| Gross operating margin | 9900 | €42,505 | €39,892 | -€2,613 | -6.1% |
| Operating profit (loss) | 9901 | €40,305 | €38,124 | -€2,181 | -5.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,633 | €1,376 | -€258 | -15.8% |
| Recurring financial charges | 65 | €1,633 | €1,376 | -€258 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €38,672 | €36,748 | -€1,923 | -5.0% |
| Income taxes | 67/77 | €8,731 | €8,192 | -€539 | -6.2% |
| Profit (loss) for the period | 9904 | €29,941 | €28,556 | -€1,385 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,941 | €28,556 | -€1,385 | -4.6% |
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 14 October 2026 via checked.be.