NAO CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year +€10,968
up €10,968 (+390%), from €2,812 to €13,780
of which Trade receivables: +€10,529
- Cash -€6,662
down €6,662 (-79.6%), from €8,365 to €1,703
mainly Receivables within one year (-€10,968) and Tax, wage and social debts (-€4,049)
- Deferred charges and accrued income +€1,230
up €1,230, from €0 to €1,230
- Tangible fixed assets +€762
up €762 (+149%), from €513 to €1,274
- Trade debts +€9,112
up €9,112 (+866%), from €1,052 to €10,164
- Tax, wage and social debts -€4,049
down €4,049 (-71.4%), from €5,673 to €1,624
of which Taxes: -€2,749
- Profit (loss) carried forward +€1,145
up €1,145 (+28.9%), from €3,964 to €5,109
- Gross operating margin +€4,660
up €4,660, from -€567 to €4,093
- Financial charges -€2,990
down €2,990 (-92.8%), from €3,221 to €231
- Taxes +€1,167
up €1,167 (+496%), from €235 to €1,402
- Other operating charges -€238
down €238 (-20.3%), from €1,171 to €934
- Depreciation +€116
up €116 (+32.7%), from €355 to €471
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 | €11,689 | €17,987 | +€6,298 | +53.9% |
| Fixed assets | 21/28 | €513 | €1,274 | +€762 | +149% |
| Tangible fixed assets | 22/27 | €513 | €1,274 | +€762 | +149% |
| Furniture and vehicles | 24 | €513 | €1,274 | +€762 | +149% |
| Current assets | 29/58 | €11,176 | €16,713 | +€5,537 | +49.5% |
| Amounts receivable within one year | 40/41 | €2,812 | €13,780 | +€10,968 | +390% |
| Trade receivables | 40 | €2,812 | €13,340 | +€10,529 | +374% |
| Other amounts receivable | 41 | - | €439 | +€439 | |
| Cash at bank and in hand | 54/58 | €8,365 | €1,703 | -€6,662 | -79.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,230 | +€1,230 | |
| Total equity and liabilities | 10/49 | €11,689 | €17,987 | +€6,298 | +53.9% |
| Equity | 10/15 | €4,964 | €6,109 | +€1,145 | +23.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,964 | €5,109 | +€1,145 | +28.9% |
| Amounts payable | 17/49 | €6,725 | €11,878 | +€5,153 | +76.6% |
| Amounts payable within one year | 42/48 | €6,725 | €11,878 | +€5,153 | +76.6% |
| Trade debts | 44 | €1,052 | €10,164 | +€9,112 | +866% |
| Suppliers | 440/4 | €1,052 | €10,164 | +€9,112 | +866% |
| Taxes, remuneration and social security | 45 | €5,673 | €1,624 | -€4,049 | -71.4% |
| Taxes | 450/3 | €4,373 | €1,624 | -€2,749 | -62.9% |
| Remuneration and social security | 454/9 | €1,300 | €0 | -€1,300 | -100% |
| Other amounts payable | 47/48 | €0 | €91 | +€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €471 | +€116 | +32.7% |
| Other operating charges | 640/8 | €1,171 | €934 | -€238 | -20.3% |
| Gross operating margin | 9900 | -€567 | €4,093 | +€4,660 | |
| Operating profit (loss) | 9901 | -€2,093 | €2,689 | +€4,782 | |
| Financial income | 75/76B | €0 | €89 | +€89 | +447,300% |
| Recurring financial income | 75 | €0 | €89 | +€89 | +447,300% |
| Financial charges | 65/66B | €3,221 | €231 | -€2,990 | -92.8% |
| Recurring financial charges | 65 | €3,221 | €231 | -€2,990 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,314 | €2,548 | +€7,861 | |
| Income taxes | 67/77 | €235 | €1,402 | +€1,167 | +496% |
| Profit (loss) for the period | 9904 | -€5,549 | €1,145 | +€6,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,549 | €1,145 | +€6,694 |
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 28 October 2026 via checked.be.