NAPALE: what changed
Two fiscal 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.
NAPALE
Largest movements
- Receivables within one year +€30,033
up €30,033 (+2089.3%), from €1,437 to €31,470
- Tangible fixed assets -€13,943
down €13,943 (-3.3%), from €426,647 to €412,705
of which Land and buildings: -€23,043
- Profit (loss) carried forward +€18,306
up €18,306 (+14.0%), from €130,578 to €148,884
- Gross operating margin +€1,913
up €1,913 (+3.6%), from €53,443 to €55,356
- Financial income +€1,458
up €1,458 (+3645525.0%), from €0 to €1,458
- Depreciation +€953
up €953 (+3.7%), from €25,472 to €26,425
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
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 | €591,827 | €611,446 | +€19,620 | +3.3% |
| Fixed assets | 21/28 | €426,647 | €412,705 | -€13,943 | -3.3% |
| Tangible fixed assets | 22/27 | €426,647 | €412,705 | -€13,943 | -3.3% |
| Land and buildings | 22 | €409,547 | €386,504 | -€23,043 | -5.6% |
| Plant, machinery and equipment | 23 | €17,100 | €26,201 | +€9,101 | +53.2% |
| Current assets | 29/58 | €165,179 | €198,742 | +€33,562 | +20.3% |
| Amounts receivable within one year | 40/41 | €1,437 | €31,470 | +€30,033 | +2089.3% |
| Trade receivables | 40 | €1,437 | €31,470 | +€30,033 | +2089.3% |
| Cash at bank and in hand | 54/58 | €163,742 | €167,272 | +€3,530 | +2.2% |
| Total equity and liabilities | 10/49 | €591,827 | €611,446 | +€19,620 | +3.3% |
| Equity | 10/15 | €200,978 | €219,284 | +€18,306 | +9.1% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €6,400 | €6,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,578 | €148,884 | +€18,306 | +14.0% |
| Amounts payable | 17/49 | €390,849 | €392,162 | +€1,313 | +0.3% |
| Amounts payable within one year | 42/48 | €390,849 | €392,162 | +€1,313 | +0.3% |
| Taxes, remuneration and social security | 45 | €6,080 | €6,193 | +€113 | +1.9% |
| Taxes | 450/3 | €6,080 | €6,193 | +€113 | +1.9% |
| Other amounts payable | 47/48 | €384,769 | €385,969 | +€1,200 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,472 | €26,425 | +€953 | +3.7% |
| Other operating charges | 640/8 | €5,247 | €5,460 | +€212 | +4.0% |
| Gross operating margin | 9900 | €53,443 | €55,356 | +€1,913 | +3.6% |
| Operating profit (loss) | 9901 | €22,724 | €23,472 | +€748 | +3.3% |
| Financial income | 75/76B | €0 | €1,458 | +€1,458 | +3645525.0% |
| Recurring financial income | 75 | €0 | €1,458 | +€1,458 | +3645525.0% |
| Financial charges | 65/66B | €138 | €141 | +€3 | +2.3% |
| Recurring financial charges | 65 | €138 | €141 | +€3 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €22,586 | €24,789 | +€2,203 | +9.8% |
| Income taxes | 67/77 | €6,080 | €6,483 | +€403 | +6.6% |
| Profit (loss) for the period | 9904 | €16,506 | €18,306 | +€1,800 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,506 | €18,306 | +€1,800 | +10.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.