Naltys: 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.
Naltys
Largest movements
- Tangible fixed assets +€28,623
up €28,623 (+3.8%), from €753,175 to €781,798
of which Plant, machinery and equipment: +€47,485
- Receivables within one year +€16,214
up €16,214 (+531%), from €3,053 to €19,268
of which Trade receivables: +€15,314
- Cash +€15,809
up €15,809 (+21.1%), from €74,995 to €90,804
mainly Net result for the year (+€60,526) and Trade debts (+€27,832)
- Reserves +€32,000
new in 2025: €32,000
- Debts after one year -€31,491
down €31,491 (-7.7%), from €410,544 to €379,053
- Profit (loss) carried forward +€28,526
up €28,526, from -€27,510 to €1,017
- Trade debts +€27,832
up €27,832 (+2,294%), from €1,213 to €29,045
- Gross operating margin +€48,413
up €48,413 (+74.4%), from €65,049 to €113,462
- Taxes +€11,100
new in 2025: €11,100
- Staff costs +€4,840
up €4,840 (+2,059%), from €235 to €5,075
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 | €831,935 | €892,588 | +€60,654 | +7.3% |
| Fixed assets | 21/28 | €753,175 | €781,798 | +€28,623 | +3.8% |
| Tangible fixed assets | 22/27 | €753,175 | €781,798 | +€28,623 | +3.8% |
| Land and buildings | 22 | €727,754 | €708,235 | -€19,519 | -2.7% |
| Plant, machinery and equipment | 23 | €19,313 | €66,797 | +€47,485 | +246% |
| Furniture and vehicles | 24 | €6,108 | €6,765 | +€657 | +10.8% |
| Current assets | 29/58 | €78,760 | €110,791 | +€32,031 | +40.7% |
| Amounts receivable within one year | 40/41 | €3,053 | €19,268 | +€16,214 | +531% |
| Trade receivables | 40 | €3,053 | €18,368 | +€15,314 | +502% |
| Other amounts receivable | 41 | - | €900 | +€900 | |
| Cash at bank and in hand | 54/58 | €74,995 | €90,804 | +€15,809 | +21.1% |
| Deferred charges and accrued income | 490/1 | €712 | €719 | +€7 | +1.0% |
| Total equity and liabilities | 10/49 | €831,935 | €892,588 | +€60,654 | +7.3% |
| Equity | 10/15 | €347,490 | €408,017 | +€60,526 | +17.4% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | - | €32,000 | +€32,000 | |
| Distributable reserves | 133 | - | €32,000 | +€32,000 | |
| Profit (loss) carried forward | 14 | -€27,510 | €1,017 | +€28,526 | |
| Amounts payable | 17/49 | €484,444 | €484,572 | +€127 | 0.0% |
| Amounts payable after more than one year | 17 | €410,544 | €379,053 | -€31,491 | -7.7% |
| Financial debts | 170/4 | €410,544 | €379,053 | -€31,491 | -7.7% |
| Amounts payable within one year | 42/48 | €73,879 | €105,518 | +€31,640 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €31,068 | €31,491 | +€422 | +1.4% |
| Trade debts | 44 | €1,213 | €29,045 | +€27,832 | +2,294% |
| Suppliers | 440/4 | €1,213 | €29,045 | +€27,832 | +2,294% |
| Taxes, remuneration and social security | 45 | €4,479 | €7,865 | +€3,386 | +75.6% |
| Taxes | 450/3 | €4,479 | €7,707 | +€3,227 | +72.1% |
| Remuneration and social security | 454/9 | - | €158 | +€158 | |
| Other amounts payable | 47/48 | €37,118 | €37,118 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €22 | €0 | -€22 | -100% |
| Non-recurring operating income | 76A | - | €9 | +€9 | |
| Remuneration, social security and pensions | 62 | €235 | €5,075 | +€4,840 | +2,059% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,997 | €27,578 | -€419 | -1.5% |
| Other operating charges | 640/8 | €3,172 | €3,272 | +€100 | +3.1% |
| Non-recurring operating charges | 66A | €37 | €30 | -€6 | -17.3% |
| Gross operating margin | 9900 | €65,049 | €113,462 | +€48,413 | +74.4% |
| Operating profit (loss) | 9901 | €33,608 | €77,506 | +€43,898 | +131% |
| Financial income | 75/76B | €2 | €0 | -€2 | -96.7% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -96.7% |
| Financial charges | 65/66B | €5,767 | €5,880 | +€113 | +2.0% |
| Recurring financial charges | 65 | €5,767 | €5,880 | +€113 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €27,843 | €71,627 | +€43,783 | +157% |
| Income taxes | 67/77 | - | €11,100 | +€11,100 | |
| Profit (loss) for the period | 9904 | €27,843 | €60,526 | +€32,683 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €27,843 | €60,526 | +€32,683 | +117% |
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 26 October 2026 via checked.be.