NAPSIN: 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.
NAPSIN
Largest movements
- Tangible fixed assets -€515,193
down €515,193 (-100%), from €515,193 to €0
- Cash +€300,973
up €300,973 (+19.9%), from €1.5m to €1.8m
mainly Investment in fixed assets (net) (+€515,193) and Net result for the year (+€124,185)
- Receivables within one year +€59,731
up €59,731 (+7.8%), from €764,572 to €824,303
of which Other amounts receivable: +€59,731
- Reserves -€154,000
down €154,000 (-4.5%), from €3.4m to €3.3m
of which Distributable reserves: -€154,000
- Gross operating margin +€71,100
up €71,100 (+455%), from €15,637 to €86,737
- Depreciation -€23,903
down €23,903 (-100%), from €23,903 to €0
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 | €3,431,133 | €3,276,035 | -€155,098 | -4.5% |
| Fixed assets | 21/28 | €515,193 | €0 | -€515,193 | -100% |
| Tangible fixed assets | 22/27 | €515,193 | €0 | -€515,193 | -100% |
| Land and buildings | 22 | €515,193 | €0 | -€515,193 | -100% |
| Current assets | 29/58 | €2,915,939 | €3,276,035 | +€360,095 | +12.3% |
| Amounts receivable within one year | 40/41 | €764,572 | €824,303 | +€59,731 | +7.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €764,572 | €824,303 | +€59,731 | +7.8% |
| Current investments | 50/53 | €600,000 | €600,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,510,340 | €1,811,313 | +€300,973 | +19.9% |
| Deferred charges and accrued income | 490/1 | €41,028 | €40,419 | -€609 | -1.5% |
| Total equity and liabilities | 10/49 | €3,431,133 | €3,276,035 | -€155,098 | -4.5% |
| Equity | 10/15 | €3,429,850 | €3,276,035 | -€153,815 | -4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,422,855 | €3,268,855 | -€154,000 | -4.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €3,421,000 | €3,267,000 | -€154,000 | -4.5% |
| Profit (loss) carried forward | 14 | €795 | €980 | +€185 | +23.2% |
| Amounts payable | 17/49 | €1,283 | €0 | -€1,283 | -100% |
| Amounts payable within one year | 42/48 | €1,283 | €0 | -€1,283 | -100% |
| Trade debts | 44 | €968 | €0 | -€968 | -100% |
| Suppliers | 440/4 | €968 | €0 | -€968 | -100% |
| Taxes, remuneration and social security | 45 | €315 | €0 | -€315 | -100% |
| Taxes | 450/3 | €315 | €0 | -€315 | -100% |
| Non-recurring operating income | 76A | - | €94,807 | +€94,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,903 | €0 | -€23,903 | -100% |
| Other operating charges | 640/8 | €3,039 | €3,587 | +€549 | +18.1% |
| Non-recurring operating charges | 66A | €5,000 | €0 | -€5,000 | -100% |
| Gross operating margin | 9900 | €15,637 | €86,737 | +€71,100 | +455% |
| Operating profit (loss) | 9901 | -€16,304 | €83,150 | +€99,454 | |
| Financial income | 75/76B | €41,028 | €41,138 | +€110 | +0.3% |
| Recurring financial income | 75 | €41,028 | €41,138 | +€110 | +0.3% |
| Financial charges | 65/66B | €238 | €103 | -€134 | -56.5% |
| Recurring financial charges | 65 | €238 | €103 | -€134 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €24,486 | €124,185 | +€99,698 | +407% |
| Profit (loss) for the period | 9904 | €24,486 | €124,185 | +€99,698 | +407% |
| Profit (loss) for the period to be appropriated | 9905 | €24,486 | €124,185 | +€99,698 | +407% |
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 17 October 2026 via checked.be.