NAPS: 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.
NAPS
Largest movements
- Tangible fixed assets +€280,476
up €280,476 (+1058.8%), from €26,491 to €306,967
of which Land and buildings: +€289,709
- Deferred charges and accrued income -€18,899
down €18,899 (-21.8%), from €86,591 to €67,692
- Receivables within one year +€16,798
up €16,798 (+96.0%), from €17,492 to €34,289
- Debts after one year +€274,630
new in 2025: €274,630
- Current portion of long-term debt +€15,355
up €15,355 (+88.7%), from €17,311 to €32,666
- Other debts -€10,500
down €10,500 (-41.6%), from €25,250 to €14,750
- Other operating charges +€37,997
up €37,997 (+4479.3%), from €848 to €38,845
- Gross operating margin -€20,663
down €20,663 (-19.2%), from €107,896 to €87,233
- Taxes -€13,875
down €13,875 (-53.4%), from €26,007 to €12,132
- Financial income +€7,817
up €7,817 (+774.5%), from €1,009 to €8,827
- Depreciation +€3,609
up €3,609 (+44.5%), from €8,112 to €11,721
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 | €277,329 | €553,200 | +€275,871 | +99.5% |
| Fixed assets | 21/28 | €31,141 | €311,617 | +€280,476 | +900.7% |
| Intangible fixed assets | 21 | €4,650 | €4,650 | = | 0.0% |
| Tangible fixed assets | 22/27 | €26,491 | €306,967 | +€280,476 | +1058.8% |
| Land and buildings | 22 | - | €289,709 | +€289,709 | |
| Furniture and vehicles | 24 | €26,491 | €17,258 | -€9,233 | -34.9% |
| Current assets | 29/58 | €246,188 | €241,583 | -€4,605 | -1.9% |
| Amounts receivable within one year | 40/41 | €17,492 | €34,289 | +€16,798 | +96.0% |
| Other amounts receivable | 41 | €17,492 | €34,289 | +€16,798 | +96.0% |
| Cash at bank and in hand | 54/58 | €142,105 | €139,602 | -€2,503 | -1.8% |
| Deferred charges and accrued income | 490/1 | €86,591 | €67,692 | -€18,899 | -21.8% |
| Total equity and liabilities | 10/49 | €277,329 | €553,200 | +€275,871 | +99.5% |
| Equity | 10/15 | €221,749 | €218,407 | -€3,342 | -1.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €200,000 | €197,000 | -€3,000 | -1.5% |
| Distributable reserves | 133 | €200,000 | €197,000 | -€3,000 | -1.5% |
| Profit (loss) carried forward | 14 | €1,289 | €947 | -€342 | -26.5% |
| Amounts payable | 17/49 | €55,580 | €334,792 | +€279,213 | +502.4% |
| Amounts payable after more than one year | 17 | - | €274,630 | +€274,630 | |
| Financial debts | 170/4 | - | €274,630 | +€274,630 | |
| Amounts payable within one year | 42/48 | €55,453 | €59,405 | +€3,951 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €17,311 | €32,666 | +€15,355 | +88.7% |
| Financial debts | 43 | - | €3,444 | +€3,444 | |
| Credit institutions | 430/8 | - | €3,444 | +€3,444 | |
| Trade debts | 44 | €3,142 | €3,294 | +€152 | +4.8% |
| Suppliers | 440/4 | €3,142 | €3,294 | +€152 | +4.8% |
| Taxes, remuneration and social security | 45 | €9,750 | €5,250 | -€4,500 | -46.2% |
| Taxes | 450/3 | €9,750 | €5,250 | -€4,500 | -46.2% |
| Other amounts payable | 47/48 | €25,250 | €14,750 | -€10,500 | -41.6% |
| Accrued charges and deferred income | 492/3 | €126 | €757 | +€631 | +499.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,112 | €11,721 | +€3,609 | +44.5% |
| Other operating charges | 640/8 | €848 | €38,845 | +€37,997 | +4479.3% |
| Gross operating margin | 9900 | €107,896 | €87,233 | -€20,663 | -19.2% |
| Operating profit (loss) | 9901 | €98,936 | €36,667 | -€62,269 | -62.9% |
| Financial income | 75/76B | €1,009 | €8,827 | +€7,817 | +774.5% |
| Recurring financial income | 75 | €1,009 | €8,827 | +€7,817 | +774.5% |
| Financial charges | 65/66B | €1,144 | €1,703 | +€559 | +48.9% |
| Recurring financial charges | 65 | €1,144 | €1,703 | +€559 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €98,801 | €43,790 | -€55,011 | -55.7% |
| Income taxes | 67/77 | €26,007 | €12,132 | -€13,875 | -53.4% |
| Profit (loss) for the period | 9904 | €72,794 | €31,658 | -€41,136 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,794 | €31,658 | -€41,136 | -56.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.