NAP BOULE: 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.
NAP BOULE
Largest movements
- Receivables within one year +€16,006
up €16,006 (+55.8%), from €28,662 to €44,668
of which Other amounts receivable: +€16,240
- Tangible fixed assets -€10,949
down €10,949 (-21.8%), from €50,184 to €39,235
of which Leasing and similar rights: -€9,999
- Cash -€7,184
down €7,184 (-54.9%), from €13,076 to €5,892
mainly Receivables within one year (-€16,006) and Debts after one year (-€8,334)
- Deferred charges and accrued income -€6,025
no longer reported in 2025 (was €6,025)
- Profit (loss) carried forward +€8,573
up €8,573 (+19.6%), from €43,729 to €52,302
- Debts after one year -€8,334
down €8,334 (-24.8%), from €33,643 to €25,309
- Tax, wage and social debts -€8,164
no longer reported in 2025 (was €8,164)
- Depreciation +€8,332
up €8,332 (+318%), from €2,617 to €10,949
- Gross operating margin -€4,392
down €4,392 (-15.0%), from €29,314 to €24,922
- Taxes -€3,289
down €3,289 (-51.4%), from €6,396 to €3,107
- Financial charges +€1,032
up €1,032 (+240%), from €430 to €1,462
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 | €97,947 | €89,794 | -€8,153 | -8.3% |
| Fixed assets | 21/28 | €50,184 | €39,235 | -€10,949 | -21.8% |
| Tangible fixed assets | 22/27 | €50,184 | €39,235 | -€10,949 | -21.8% |
| Furniture and vehicles | 24 | €1,857 | €906 | -€951 | -51.2% |
| Leasing and similar rights | 25 | €48,327 | €38,328 | -€9,999 | -20.7% |
| Current assets | 29/58 | €47,763 | €50,560 | +€2,796 | +5.9% |
| Amounts receivable within one year | 40/41 | €28,662 | €44,668 | +€16,006 | +55.8% |
| Trade receivables | 40 | €11,109 | €10,875 | -€234 | -2.1% |
| Other amounts receivable | 41 | €17,552 | €33,792 | +€16,240 | +92.5% |
| Cash at bank and in hand | 54/58 | €13,076 | €5,892 | -€7,184 | -54.9% |
| Deferred charges and accrued income | 490/1 | €6,025 | - | -€6,025 | |
| Total equity and liabilities | 10/49 | €97,947 | €89,794 | -€8,153 | -8.3% |
| Equity | 10/15 | €45,729 | €54,302 | +€8,573 | +18.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,729 | €52,302 | +€8,573 | +19.6% |
| Amounts payable | 17/49 | €52,218 | €35,492 | -€16,726 | -32.0% |
| Amounts payable after more than one year | 17 | €33,643 | €25,309 | -€8,334 | -24.8% |
| Financial debts | 170/4 | €33,643 | €25,309 | -€8,334 | -24.8% |
| Amounts payable within one year | 42/48 | €18,575 | €10,184 | -€8,391 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €8,072 | €8,334 | +€262 | +3.2% |
| Trade debts | 44 | €2,339 | €1,849 | -€489 | -20.9% |
| Suppliers | 440/4 | €2,339 | €1,849 | -€489 | -20.9% |
| Taxes, remuneration and social security | 45 | €8,164 | - | -€8,164 | |
| Taxes | 450/3 | €8,164 | - | -€8,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,617 | €10,949 | +€8,332 | +318% |
| Other operating charges | 640/8 | €695 | €831 | +€136 | +19.6% |
| Gross operating margin | 9900 | €29,314 | €24,922 | -€4,392 | -15.0% |
| Operating profit (loss) | 9901 | €26,002 | €13,142 | -€12,860 | -49.5% |
| Financial charges | 65/66B | €430 | €1,462 | +€1,032 | +240% |
| Recurring financial charges | 65 | €430 | €1,462 | +€1,032 | +240% |
| Profit (loss) for the period before taxes | 9903 | €25,572 | €11,680 | -€13,892 | -54.3% |
| Income taxes | 67/77 | €6,396 | €3,107 | -€3,289 | -51.4% |
| Profit (loss) for the period | 9904 | €19,175 | €8,573 | -€10,603 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,175 | €8,573 | -€10,603 | -55.3% |
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 23 October 2026 via checked.be.