NAPRODEX: 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.
NAPRODEX
Largest movements
- Receivables within one year -€47,750
down €47,750 (-35.3%), from €135,141 to €87,391
of which Other amounts receivable: -€37,179
- Cash -€9,694
down €9,694 (-70.1%), from €13,820 to €4,125
mainly Current portion of long-term debt (-€20,323) and Investment in fixed assets (net) (-€19,445)
- Current portion of long-term debt -€20,323
down €20,323 (-58.7%), from €34,611 to €14,288
- Tax, wage and social debts -€16,668
down €16,668 (-50.6%), from €32,918 to €16,250
- Debts after one year -€14,288
no longer reported in 2025 (was €14,288)
- Reserves -€7,326
down €7,326 (-5.1%), from €143,308 to €135,982
- Trade debts +€2,975
up €2,975 (+182.1%), from €1,634 to €4,609
- Other operating charges -€15,215
down €15,215 (-44.2%), from €34,451 to €19,235
- Financial income -€7,873
down €7,873 (-88.8%), from €8,867 to €995
- Depreciation -€5,814
down €5,814 (-26.0%), from €22,380 to €16,566
- Financial charges +€5,005
up €5,005 (+166.3%), from €3,009 to €8,014
- Gross operating margin +€3,948
up €3,948 (+6.6%), from €59,955 to €63,903
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 | €294,524 | €240,254 | -€54,271 | -18.4% |
| Fixed assets | 21/28 | €144,672 | €147,551 | +€2,879 | +2.0% |
| Tangible fixed assets | 22/27 | €144,672 | €147,551 | +€2,879 | +2.0% |
| Land and buildings | 22 | €135,393 | €141,066 | +€5,672 | +4.2% |
| Plant, machinery and equipment | 23 | €5,493 | €6,485 | +€992 | +18.1% |
| Furniture and vehicles | 24 | €3,785 | - | -€3,785 | |
| Current assets | 29/58 | €149,853 | €92,703 | -€57,150 | -38.1% |
| Amounts receivable within one year | 40/41 | €135,141 | €87,391 | -€47,750 | -35.3% |
| Trade receivables | 40 | €86,093 | €75,523 | -€10,570 | -12.3% |
| Other amounts receivable | 41 | €49,048 | €11,869 | -€37,179 | -75.8% |
| Cash at bank and in hand | 54/58 | €13,820 | €4,125 | -€9,694 | -70.1% |
| Deferred charges and accrued income | 490/1 | €892 | €1,186 | +€294 | +33.0% |
| Total equity and liabilities | 10/49 | €294,524 | €240,254 | -€54,271 | -18.4% |
| Equity | 10/15 | €149,508 | €144,037 | -€5,471 | -3.7% |
| Contributions | 10/11 | €6,200 | €8,055 | +€1,855 | +29.9% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €143,308 | €135,982 | -€7,326 | -5.1% |
| Distributable reserves | 133 | €143,308 | €135,982 | -€7,326 | -5.1% |
| Amounts payable | 17/49 | €145,016 | €96,217 | -€48,799 | -33.7% |
| Amounts payable after more than one year | 17 | €14,288 | - | -€14,288 | |
| Financial debts | 170/4 | €14,288 | - | -€14,288 | |
| Amounts payable within one year | 42/48 | €130,728 | €96,217 | -€34,511 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €34,611 | €14,288 | -€20,323 | -58.7% |
| Trade debts | 44 | €1,634 | €4,609 | +€2,975 | +182.1% |
| Suppliers | 440/4 | €1,634 | €4,609 | +€2,975 | +182.1% |
| Advances received on contracts in progress | 46 | €61,565 | €61,065 | -€500 | -0.8% |
| Taxes, remuneration and social security | 45 | €32,918 | €16,250 | -€16,668 | -50.6% |
| Taxes | 450/3 | €32,918 | €16,250 | -€16,668 | -50.6% |
| Other amounts payable | 47/48 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,380 | €16,566 | -€5,814 | -26.0% |
| Other operating charges | 640/8 | €34,451 | €19,235 | -€15,215 | -44.2% |
| Gross operating margin | 9900 | €59,955 | €63,903 | +€3,948 | +6.6% |
| Operating profit (loss) | 9901 | €3,125 | €28,102 | +€24,977 | +799.4% |
| Financial income | 75/76B | €8,867 | €995 | -€7,873 | -88.8% |
| Recurring financial income | 75 | €8,867 | €995 | -€7,873 | -88.8% |
| Financial charges | 65/66B | €3,009 | €8,014 | +€5,005 | +166.3% |
| Recurring financial charges | 65 | €3,009 | €8,014 | +€5,005 | +166.3% |
| Profit (loss) for the period before taxes | 9903 | €8,983 | €21,083 | +€12,100 | +134.7% |
| Income taxes | 67/77 | €4,898 | €7,689 | +€2,791 | +57.0% |
| Profit (loss) for the period | 9904 | €4,085 | €13,394 | +€9,309 | +227.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,085 | €13,394 | +€9,309 | +227.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.