NAOS DESIGN: 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.
NAOS DESIGN
Largest movements
- Receivables within one year +€38,271
up €38,271 (+91.4%), from €41,850 to €80,120
of which Trade receivables: +€53,602
- Tangible fixed assets -€8,207
down €8,207 (-32.2%), from €25,515 to €17,307
of which Furniture and vehicles: -€10,515
- Other debts +€81,745
up €81,745 (+21.3%), from €383,607 to €465,353
- Profit (loss) carried forward -€66,040
down €66,040 (-13.9%), from -€473,729 to -€539,770
- Trade debts +€13,637
up €13,637 (+415%), from €3,287 to €16,925
- Other operating charges +€52,827
new in 2025: €52,827
- Gross operating margin +€4,687
up €4,687 (+65.2%), from -€7,188 to -€2,500
- Financial charges -€793
down €793 (-83.2%), from €953 to €160
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 | €68,000 | €97,672 | +€29,672 | +43.6% |
| Fixed assets | 21/28 | €25,515 | €17,307 | -€8,207 | -32.2% |
| Tangible fixed assets | 22/27 | €25,515 | €17,307 | -€8,207 | -32.2% |
| Plant, machinery and equipment | 23 | - | €2,307 | +€2,307 | |
| Furniture and vehicles | 24 | €25,515 | €15,000 | -€10,515 | -41.2% |
| Current assets | 29/58 | €42,486 | €80,365 | +€37,880 | +89.2% |
| Amounts receivable within one year | 40/41 | €41,850 | €80,120 | +€38,271 | +91.4% |
| Trade receivables | 40 | €1,379 | €54,982 | +€53,602 | +3,886% |
| Other amounts receivable | 41 | €40,471 | €25,139 | -€15,332 | -37.9% |
| Cash at bank and in hand | 54/58 | €636 | €245 | -€391 | -61.5% |
| Total equity and liabilities | 10/49 | €68,000 | €97,672 | +€29,672 | +43.6% |
| Equity | 10/15 | -€318,894 | -€384,935 | -€66,040 | -20.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €80,467 | €80,467 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,613 | €4,613 | = | 0.0% |
| Distributable reserves | 133 | €68,417 | €68,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€473,729 | -€539,770 | -€66,040 | -13.9% |
| Amounts payable | 17/49 | €386,895 | €482,607 | +€95,713 | +24.7% |
| Amounts payable within one year | 42/48 | €386,895 | €482,607 | +€95,713 | +24.7% |
| Trade debts | 44 | €3,287 | €16,925 | +€13,637 | +415% |
| Suppliers | 440/4 | €3,287 | €16,925 | +€13,637 | +415% |
| Taxes, remuneration and social security | 45 | - | €330 | +€330 | |
| Taxes | 450/3 | - | €330 | +€330 | |
| Other amounts payable | 47/48 | €383,607 | €465,353 | +€81,745 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,535 | €10,562 | +€27 | +0.3% |
| Other operating charges | 640/8 | - | €52,827 | +€52,827 | |
| Non-recurring operating charges | 66A | €2,122 | - | -€2,122 | |
| Gross operating margin | 9900 | -€7,188 | -€2,500 | +€4,687 | +65.2% |
| Operating profit (loss) | 9901 | -€19,845 | -€65,889 | -€46,044 | -232% |
| Financial income | 75/76B | €63 | €8 | -€55 | -87.2% |
| Recurring financial income | 75 | €63 | €8 | -€55 | -87.2% |
| Financial charges | 65/66B | €953 | €160 | -€793 | -83.2% |
| Recurring financial charges | 65 | €953 | €160 | -€793 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,734 | -€66,040 | -€45,306 | -219% |
| Profit (loss) for the period | 9904 | -€20,734 | -€66,040 | -€45,306 | -219% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,734 | -€66,040 | -€45,306 | -219% |
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.