NALO EVENT: 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.
NALO EVENT
Largest movements
- Tangible fixed assets -€6,624
down €6,624 (-76.3%), from €8,686 to €2,062
of which Plant, machinery and equipment: -€5,073
- Receivables within one year -€5,063
down €5,063 (-45.9%), from €11,030 to €5,966
of which Trade receivables: -€2,855
- Cash +€3,273
up €3,273 (+6.7%), from €48,517 to €51,790
mainly Other debts (+€12,845) and Net result for the year (+€9,839)
- Profit (loss) carried forward -€25,161
down €25,161 (-53.8%), from €46,764 to €21,603
- Other debts +€12,845
up €12,845 (+244.6%), from €5,251 to €18,096
- Tax, wage and social debts +€5,939
up €5,939 (+84.5%), from €7,026 to €12,966
- Trade debts -€1,516
down €1,516 (-26.7%), from €5,681 to €4,165
- Depreciation -€8,606
down €8,606 (-55.8%), from €15,430 to €6,824
- Gross operating margin -€4,422
down €4,422 (-16.4%), from €27,017 to €22,596
- Taxes +€3,342
up €3,342 (+271.7%), from €1,230 to €4,572
- Other operating charges +€388
up €388 (+86.7%), from €447 to €835
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 | €70,109 | €61,830 | -€8,280 | -11.8% |
| Fixed assets | 21/28 | €9,119 | €2,295 | -€6,824 | -74.8% |
| Intangible fixed assets | 21 | €333 | €133 | -€200 | -60.0% |
| Tangible fixed assets | 22/27 | €8,686 | €2,062 | -€6,624 | -76.3% |
| Plant, machinery and equipment | 23 | €6,862 | €1,789 | -€5,073 | -73.9% |
| Furniture and vehicles | 24 | €1,824 | €273 | -€1,551 | -85.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €60,990 | €59,535 | -€1,456 | -2.4% |
| Stocks and contracts in progress | 3 | €216 | €536 | +€321 | +148.5% |
| Stocks | 30/36 | €216 | €536 | +€321 | +148.5% |
| Amounts receivable within one year | 40/41 | €11,030 | €5,966 | -€5,063 | -45.9% |
| Trade receivables | 40 | €7,458 | €4,603 | -€2,855 | -38.3% |
| Other amounts receivable | 41 | €3,571 | €1,363 | -€2,208 | -61.8% |
| Cash at bank and in hand | 54/58 | €48,517 | €51,790 | +€3,273 | +6.7% |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,242 | +€14 | +1.2% |
| Total equity and liabilities | 10/49 | €70,109 | €61,830 | -€8,280 | -11.8% |
| Equity | 10/15 | €51,764 | €26,603 | -€25,161 | -48.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,764 | €21,603 | -€25,161 | -53.8% |
| Amounts payable | 17/49 | €18,346 | €35,226 | +€16,881 | +92.0% |
| Amounts payable within one year | 42/48 | €17,958 | €35,226 | +€17,268 | +96.2% |
| Trade debts | 44 | €5,681 | €4,165 | -€1,516 | -26.7% |
| Suppliers | 440/4 | €5,681 | €4,165 | -€1,516 | -26.7% |
| Taxes, remuneration and social security | 45 | €7,026 | €12,966 | +€5,939 | +84.5% |
| Taxes | 450/3 | €7,026 | €12,966 | +€5,939 | +84.5% |
| Other amounts payable | 47/48 | €5,251 | €18,096 | +€12,845 | +244.6% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,430 | €6,824 | -€8,606 | -55.8% |
| Other operating charges | 640/8 | €447 | €835 | +€388 | +86.7% |
| Gross operating margin | 9900 | €27,017 | €22,596 | -€4,422 | -16.4% |
| Operating profit (loss) | 9901 | €11,140 | €14,936 | +€3,796 | +34.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €517 | €535 | +€18 | +3.5% |
| Recurring financial charges | 65 | €517 | €535 | +€18 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €10,623 | €14,411 | +€3,788 | +35.7% |
| Income taxes | 67/77 | €1,230 | €4,572 | +€3,342 | +271.7% |
| Profit (loss) for the period | 9904 | €9,393 | €9,839 | +€446 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,393 | €9,839 | +€446 | +4.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.