NAPO'S: 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.
NAPO'S
Largest movements
- Cash -€163,362
down €163,362 (-85.7%), from €190,691 to €27,329
mainly Other debts (-€103,368) and Stocks and contracts (-€90,541)
- Stocks and contracts +€90,541
up €90,541 (+355%), from €25,471 to €116,012
- Deferred charges and accrued income +€35,531
up €35,531 (+268%), from €13,255 to €48,786
- Tangible fixed assets -€31,332
down €31,332 (-43.0%), from €72,861 to €41,528
of which Other tangible fixed assets: -€21,565
- Receivables within one year -€10,839
down €10,839 (-36.8%), from €29,472 to €18,634
of which Other amounts receivable: -€11,082
- Other debts -€103,368
no longer reported in 2025 (was €103,368)
- Trade debts +€12,513
up €12,513 (+23.9%), from €52,358 to €64,871
- Profit (loss) carried forward +€10,450
up €10,450 (+7.0%), from €148,910 to €159,360
- Gross operating margin +€116,414
up €116,414 (+32.4%), from €358,904 to €475,317
- Staff costs +€107,379
up €107,379 (+34.9%), from €307,298 to €414,677
- Other operating charges +€6,319
up €6,319 (+121%), from €5,217 to €11,536
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 | €350,200 | €270,739 | -€79,461 | -22.7% |
| Fixed assets | 21/28 | €91,311 | €59,978 | -€31,332 | -34.3% |
| Tangible fixed assets | 22/27 | €72,861 | €41,528 | -€31,332 | -43.0% |
| Land and buildings | 22 | €1,775 | €1,691 | -€85 | -4.8% |
| Plant, machinery and equipment | 23 | €25,252 | €18,801 | -€6,451 | -25.5% |
| Furniture and vehicles | 24 | €6,275 | €3,042 | -€3,233 | -51.5% |
| Other tangible fixed assets | 26 | €39,559 | €17,994 | -€21,565 | -54.5% |
| Financial fixed assets | 28 | €18,450 | €18,450 | = | 0.0% |
| Current assets | 29/58 | €258,889 | €210,761 | -€48,129 | -18.6% |
| Stocks and contracts in progress | 3 | €25,471 | €116,012 | +€90,541 | +355% |
| Stocks | 30/36 | €25,471 | €116,012 | +€90,541 | +355% |
| Amounts receivable within one year | 40/41 | €29,472 | €18,634 | -€10,839 | -36.8% |
| Trade receivables | 40 | - | €244 | +€244 | |
| Other amounts receivable | 41 | €29,472 | €18,390 | -€11,082 | -37.6% |
| Cash at bank and in hand | 54/58 | €190,691 | €27,329 | -€163,362 | -85.7% |
| Deferred charges and accrued income | 490/1 | €13,255 | €48,786 | +€35,531 | +268% |
| Total equity and liabilities | 10/49 | €350,200 | €270,739 | -€79,461 | -22.7% |
| Equity | 10/15 | €156,970 | €167,420 | +€10,450 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,910 | €159,360 | +€10,450 | +7.0% |
| Amounts payable | 17/49 | €193,230 | €103,319 | -€89,911 | -46.5% |
| Amounts payable within one year | 42/48 | €193,230 | €103,319 | -€89,911 | -46.5% |
| Trade debts | 44 | €52,358 | €64,871 | +€12,513 | +23.9% |
| Suppliers | 440/4 | €52,358 | €64,871 | +€12,513 | +23.9% |
| Taxes, remuneration and social security | 45 | €37,504 | €38,448 | +€944 | +2.5% |
| Taxes | 450/3 | €37,504 | €38,448 | +€944 | +2.5% |
| Other amounts payable | 47/48 | €103,368 | - | -€103,368 | |
| Remuneration, social security and pensions | 62 | €307,298 | €414,677 | +€107,379 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,028 | €31,952 | -€76 | -0.2% |
| Other operating charges | 640/8 | €5,217 | €11,536 | +€6,319 | +121% |
| Gross operating margin | 9900 | €358,904 | €475,317 | +€116,414 | +32.4% |
| Operating profit (loss) | 9901 | €14,360 | €17,153 | +€2,793 | +19.4% |
| Financial income | 75/76B | €21 | €68 | +€46 | +215% |
| Recurring financial income | 75 | €21 | €68 | +€46 | +215% |
| Financial charges | 65/66B | €2,840 | €2,318 | -€522 | -18.4% |
| Recurring financial charges | 65 | €2,840 | €2,318 | -€522 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €11,542 | €14,903 | +€3,361 | +29.1% |
| Income taxes | 67/77 | €3,889 | €4,453 | +€565 | +14.5% |
| Profit (loss) for the period | 9904 | €7,654 | €10,450 | +€2,796 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,654 | €10,450 | +€2,796 | +36.5% |
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 18 October 2026 via checked.be.