NAO CLEAN: 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.
NAO CLEAN
Largest movements
- Receivables within one year +€24,838
up €24,838 (+572.2%), from €4,340 to €29,178
of which Other amounts receivable: +€21,638
- Tangible fixed assets -€1,113
down €1,113 (-11.0%), from €10,089 to €8,976
- Profit (loss) carried forward +€20,355
up €20,355 (+543.2%), from €3,748 to €24,103
- Tax, wage and social debts +€5,795
new in 2025: €5,795
- Other debts -€2,635
no longer reported in 2025 (was €2,635)
- Gross operating margin +€25,965
up €25,965 (+231.1%), from €11,235 to €37,200
- Depreciation -€7,039
down €7,039 (-93.0%), from €7,567 to €528
- Taxes +€5,795
new in 2025: €5,795
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,429 | €38,154 | +€23,725 | +164.4% |
| Fixed assets | 21/28 | €10,089 | €8,976 | -€1,113 | -11.0% |
| Tangible fixed assets | 22/27 | €10,089 | €8,976 | -€1,113 | -11.0% |
| Furniture and vehicles | 24 | €10,089 | €8,976 | -€1,113 | -11.0% |
| Current assets | 29/58 | €4,340 | €29,178 | +€24,838 | +572.2% |
| Amounts receivable within one year | 40/41 | €4,340 | €29,178 | +€24,838 | +572.2% |
| Trade receivables | 40 | €3,895 | €7,095 | +€3,200 | +82.2% |
| Other amounts receivable | 41 | €445 | €22,083 | +€21,638 | +4858.7% |
| Total equity and liabilities | 10/49 | €14,429 | €38,154 | +€23,725 | +164.4% |
| Equity | 10/15 | €10,248 | €30,603 | +€20,355 | +198.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,748 | €24,103 | +€20,355 | +543.2% |
| Amounts payable | 17/49 | €4,182 | €7,551 | +€3,370 | +80.6% |
| Amounts payable within one year | 42/48 | €4,182 | €7,551 | +€3,370 | +80.6% |
| Trade debts | 44 | €1,547 | €1,757 | +€210 | +13.6% |
| Suppliers | 440/4 | €1,547 | €1,757 | +€210 | +13.6% |
| Taxes, remuneration and social security | 45 | - | €5,795 | +€5,795 | |
| Taxes | 450/3 | - | €5,795 | +€5,795 | |
| Other amounts payable | 47/48 | €2,635 | - | -€2,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,567 | €528 | -€7,039 | -93.0% |
| Other operating charges | 640/8 | €171 | €433 | +€262 | +153.6% |
| Non-recurring operating charges | 66A | - | €10,089 | +€10,089 | |
| Gross operating margin | 9900 | €11,235 | €37,200 | +€25,965 | +231.1% |
| Operating profit (loss) | 9901 | €3,498 | €26,150 | +€22,652 | +647.7% |
| Profit (loss) for the period before taxes | 9903 | €3,498 | €26,150 | +€22,652 | +647.7% |
| Income taxes | 67/77 | - | €5,795 | +€5,795 | |
| Profit (loss) for the period | 9904 | €3,498 | €20,355 | +€16,858 | +482.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,498 | €20,355 | +€16,858 | +482.0% |
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 12 October 2026 via checked.be.