NALYS: 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.
NALYS
Largest movements
- Cash -€393,577
down €393,577 (-35.3%), from €1.1m to €722,091
mainly Tax, wage and social debts (-€944,457) and Contributions, distributions and other (-€800,000)
- Receivables within one year +€326,084
up €326,084 (+7.8%), from €4.2m to €4.5m
of which Trade receivables: +€346,717
- Tangible fixed assets -€90,148
down €90,148 (-41.0%), from €219,709 to €129,560
of which Other tangible fixed assets: -€45,094
- Intangible fixed assets -€61,356
down €61,356 (-49.0%), from €125,337 to €63,981
- Tax, wage and social debts -€944,457
down €944,457 (-55.1%), from €1.7m to €768,369
of which Remuneration and social security: -€621,566
- Trade debts +€883,971
up €883,971 (+43.1%), from €2.0m to €2.9m
- Profit (loss) carried forward -€418,453
down €418,453 (-98.8%), from €423,725 to €5,271
- Other debts +€289,260
up €289,260 (+50.7%), from €570,275 to €859,535
- Staff costs -€1.0m
down €1.0m (-11.4%), from €9.1m to €8.0m
- Turnover -€1.0m
down €1.0m (-5.7%), from €17.7m to €16.7m
- Services and other goods -€379,997
down €379,997 (-18.1%), from €2.1m to €1.7m
- Financial income -€200,747
down €200,747 (-20.1%), from €999,949 to €799,202
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 | €5,735,156 | €5,543,513 | -€191,643 | -3.3% |
| Fixed assets | 21/28 | €365,600 | €214,276 | -€151,324 | -41.4% |
| Intangible fixed assets | 21 | €125,337 | €63,981 | -€61,356 | -49.0% |
| Tangible fixed assets | 22/27 | €219,709 | €129,560 | -€90,148 | -41.0% |
| Furniture and vehicles | 24 | €120,906 | €75,852 | -€45,054 | -37.3% |
| Other tangible fixed assets | 26 | €98,803 | €53,709 | -€45,094 | -45.6% |
| Financial fixed assets | 28 | €20,554 | €20,734 | +€180 | +0.9% |
| Affiliated companies | 280/1 | €19,549 | €19,549 | = | 0.0% |
| Participating interests | 280 | €19,549 | €19,549 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,005 | €1,185 | +€180 | +17.9% |
| Amounts receivable and cash guarantees | 285/8 | €1,005 | €1,185 | +€180 | +17.9% |
| Current assets | 29/58 | €5,369,556 | €5,329,237 | -€40,319 | -0.8% |
| Amounts receivable within one year | 40/41 | €4,202,045 | €4,528,129 | +€326,084 | +7.8% |
| Trade receivables | 40 | €4,027,100 | €4,373,817 | +€346,717 | +8.6% |
| Other amounts receivable | 41 | €174,945 | €154,312 | -€20,633 | -11.8% |
| Cash at bank and in hand | 54/58 | €1,115,667 | €722,091 | -€393,577 | -35.3% |
| Deferred charges and accrued income | 490/1 | €51,844 | €79,018 | +€27,174 | +52.4% |
| Total equity and liabilities | 10/49 | €5,735,156 | €5,543,513 | -€191,643 | -3.3% |
| Equity | 10/15 | €1,372,725 | €954,271 | -€418,453 | -30.5% |
| Contributions | 10/11 | €849,000 | €849,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €423,725 | €5,271 | -€418,453 | -98.8% |
| Amounts payable | 17/49 | €4,362,431 | €4,589,241 | +€226,810 | +5.2% |
| Amounts payable within one year | 42/48 | €4,333,090 | €4,561,865 | +€228,774 | +5.3% |
| Trade debts | 44 | €2,049,989 | €2,933,960 | +€883,971 | +43.1% |
| Suppliers | 440/4 | €2,049,989 | €2,933,960 | +€883,971 | +43.1% |
| Taxes, remuneration and social security | 45 | €1,712,826 | €768,369 | -€944,457 | -55.1% |
| Taxes | 450/3 | €415,861 | €92,970 | -€322,891 | -77.6% |
| Remuneration and social security | 454/9 | €1,296,965 | €675,399 | -€621,566 | -47.9% |
| Other amounts payable | 47/48 | €570,275 | €859,535 | +€289,260 | +50.7% |
| Accrued charges and deferred income | 492/3 | €29,341 | €27,377 | -€1,964 | -6.7% |
| Operating income | 70/76A | €18,671,053 | €17,473,949 | -€1.2m | -6.4% |
| Turnover | 70 | €17,743,625 | €16,723,766 | -€1.0m | -5.7% |
| Own construction capitalised | 72 | €57,321 | - | -€57,321 | |
| Other operating income | 74 | €870,107 | €750,184 | -€119,923 | -13.8% |
| Operating charges | 60/66A | €19,594,520 | €17,863,088 | -€1.7m | -8.8% |
| Goods for resale, raw materials and consumables | 60 | €7,685,918 | €7,838,506 | +€152,589 | +2.0% |
| Purchases | 600/8 | €7,685,918 | €7,838,506 | +€152,589 | +2.0% |
| Services and other goods | 61 | €2,098,556 | €1,718,558 | -€379,997 | -18.1% |
| Remuneration, social security and pensions | 62 | €9,068,385 | €8,036,835 | -€1.0m | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,694 | €178,480 | +€27,785 | +18.4% |
| Other operating charges | 640/8 | €3,620 | €6,099 | +€2,479 | +68.5% |
| Non-recurring operating charges | 66A | €587,347 | €84,610 | -€502,737 | -85.6% |
| Operating profit (loss) | 9901 | -€923,467 | -€389,139 | +€534,328 | +57.9% |
| Financial income | 75/76B | €999,949 | €799,202 | -€200,747 | -20.1% |
| Recurring financial income | 75 | €999,949 | €799,202 | -€200,747 | -20.1% |
| Income from financial fixed assets | 750 | €999,000 | €799,200 | -€199,800 | -20.0% |
| Income from current assets | 751 | €943 | - | -€943 | |
| Other financial income | 752/9 | €6 | €2 | -€4 | -64.7% |
| Financial charges | 65/66B | €11,376 | €12,050 | +€674 | +5.9% |
| Recurring financial charges | 65 | €11,375 | €12,050 | +€675 | +5.9% |
| Debt charges | 650 | €3,891 | €5,117 | +€1,226 | +31.5% |
| Other financial charges | 652/9 | €7,484 | €6,933 | -€551 | -7.4% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €65,106 | €398,013 | +€332,907 | +511% |
| Income taxes | 67/77 | €19,950 | €16,467 | -€3,483 | -17.5% |
| Taxes | 670/3 | €19,950 | €16,467 | -€3,483 | -17.5% |
| Profit (loss) for the period | 9904 | €45,156 | €381,547 | +€336,391 | +745% |
| Profit (loss) for the period to be appropriated | 9905 | €45,156 | €381,547 | +€336,391 | +745% |
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 15 October 2026 via checked.be.