Naquadria: 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.
Naquadria
Largest movements
- Cash +€62,797
up €62,797 (+19.2%), from €326,414 to €389,210
mainly Net result for the year (+€121,314) and Other debts (+€102,973)
- Receivables within one year +€23,677
up €23,677 (+89.0%), from €26,596 to €50,273
of which Other amounts receivable: +€20,245
- Other debts +€102,973
up €102,973 (+71,509%), from €144 to €103,117
- Tax, wage and social debts -€14,635
down €14,635 (-28.3%), from €51,641 to €37,006
of which Taxes: -€18,079
- Gross operating margin +€59,353
up €59,353 (+45.7%), from €129,831 to €189,184
- Staff costs +€21,197
up €21,197 (+234%), from €9,076 to €30,273
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 | €363,435 | €452,862 | +€89,427 | +24.6% |
| Fixed assets | 21/28 | €7,418 | €10,097 | +€2,679 | +36.1% |
| Tangible fixed assets | 22/27 | €2,418 | €5,097 | +€2,679 | +111% |
| Plant, machinery and equipment | 23 | - | €3,261 | +€3,261 | |
| Furniture and vehicles | 24 | €2,418 | €1,837 | -€581 | -24.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €356,017 | €442,764 | +€86,747 | +24.4% |
| Amounts receivable within one year | 40/41 | €26,596 | €50,273 | +€23,677 | +89.0% |
| Trade receivables | 40 | €26,596 | €30,028 | +€3,433 | +12.9% |
| Other amounts receivable | 41 | - | €20,245 | +€20,245 | |
| Cash at bank and in hand | 54/58 | €326,414 | €389,210 | +€62,797 | +19.2% |
| Deferred charges and accrued income | 490/1 | €3,007 | €3,281 | +€273 | +9.1% |
| Total equity and liabilities | 10/49 | €363,435 | €452,862 | +€89,427 | +24.6% |
| Equity | 10/15 | €311,618 | €311,618 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €301,618 | €301,618 | = | 0.0% |
| Distributable reserves | 133 | €301,618 | €301,618 | = | 0.0% |
| Amounts payable | 17/49 | €51,817 | €141,244 | +€89,427 | +173% |
| Amounts payable within one year | 42/48 | €51,817 | €141,244 | +€89,427 | +173% |
| Trade debts | 44 | €32 | €1,122 | +€1,089 | +3,361% |
| Suppliers | 440/4 | €32 | €1,122 | +€1,089 | +3,361% |
| Taxes, remuneration and social security | 45 | €51,641 | €37,006 | -€14,635 | -28.3% |
| Taxes | 450/3 | €51,641 | €33,562 | -€18,079 | -35.0% |
| Remuneration and social security | 454/9 | - | €3,444 | +€3,444 | |
| Other amounts payable | 47/48 | €144 | €103,117 | +€102,973 | +71,509% |
| Remuneration, social security and pensions | 62 | €9,076 | €30,273 | +€21,197 | +234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | €1,193 | +€704 | +144% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €129,831 | €189,184 | +€59,353 | +45.7% |
| Operating profit (loss) | 9901 | €119,761 | €157,198 | +€37,437 | +31.3% |
| Financial charges | 65/66B | €92 | €129 | +€38 | +40.9% |
| Recurring financial charges | 65 | €92 | €129 | +€38 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €119,669 | €157,069 | +€37,400 | +31.3% |
| Income taxes | 67/77 | €37,218 | €35,755 | -€1,463 | -3.9% |
| Profit (loss) for the period | 9904 | €82,451 | €121,314 | +€38,863 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,451 | €121,314 | +€38,863 | +47.1% |
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 13 October 2026 via checked.be.