NATIONALE: 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.
NATIONALE
Largest movements
- Tangible fixed assets -€60,525
down €60,525 (-8.7%), from €696,307 to €635,783
- Receivables within one year +€26,304
up €26,304 (+47.3%), from €55,579 to €81,884
of which Other amounts receivable: +€17,602
- Debts after one year -€38,010
down €38,010 (-6.9%), from €547,597 to €509,587
- Profit (loss) carried forward +€9,857
up €9,857 (+7.3%), from -€135,728 to -€125,871
- Financial charges -€4,655
down €4,655 (-18.1%), from €25,767 to €21,112
- Gross operating margin +€4,047
up €4,047 (+4.5%), from €90,414 to €94,461
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 | €790,001 | €761,399 | -€28,603 | -3.6% |
| Fixed assets | 21/28 | €731,826 | €672,152 | -€59,675 | -8.2% |
| Tangible fixed assets | 22/27 | €696,307 | €635,783 | -€60,525 | -8.7% |
| Land and buildings | 22 | €696,307 | €635,783 | -€60,525 | -8.7% |
| Financial fixed assets | 28 | €35,519 | €36,369 | +€850 | +2.4% |
| Current assets | 29/58 | €58,175 | €89,247 | +€31,072 | +53.4% |
| Amounts receivable within one year | 40/41 | €55,579 | €81,884 | +€26,304 | +47.3% |
| Trade receivables | 40 | €26,350 | €35,052 | +€8,702 | +33.0% |
| Other amounts receivable | 41 | €29,229 | €46,831 | +€17,602 | +60.2% |
| Cash at bank and in hand | 54/58 | €1,744 | €7,363 | +€5,620 | +322% |
| Deferred charges and accrued income | 490/1 | €852 | €0 | -€852 | -100% |
| Total equity and liabilities | 10/49 | €790,001 | €761,399 | -€28,603 | -3.6% |
| Equity | 10/15 | €204,272 | €214,129 | +€9,857 | +4.8% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Revaluation surpluses | 12 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,728 | -€125,871 | +€9,857 | +7.3% |
| Amounts payable | 17/49 | €585,729 | €547,270 | -€38,460 | -6.6% |
| Amounts payable after more than one year | 17 | €547,597 | €509,587 | -€38,010 | -6.9% |
| Financial debts | 170/4 | €547,597 | €509,587 | -€38,010 | -6.9% |
| Amounts payable within one year | 42/48 | €38,132 | €37,683 | -€449 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €35,057 | €37,003 | +€1,946 | +5.6% |
| Trade debts | 44 | €2,442 | €47 | -€2,395 | -98.1% |
| Suppliers | 440/4 | €2,442 | €47 | -€2,395 | -98.1% |
| Other amounts payable | 47/48 | €633 | €633 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,333 | €60,525 | +€192 | +0.3% |
| Other operating charges | 640/8 | €3,487 | €3,818 | +€331 | +9.5% |
| Gross operating margin | 9900 | €90,414 | €94,461 | +€4,047 | +4.5% |
| Operating profit (loss) | 9901 | €26,594 | €30,119 | +€3,525 | +13.3% |
| Financial income | 75/76B | €839 | €850 | +€11 | +1.3% |
| Recurring financial income | 75 | €839 | €850 | +€11 | +1.3% |
| Financial charges | 65/66B | €25,767 | €21,112 | -€4,655 | -18.1% |
| Recurring financial charges | 65 | €25,767 | €21,112 | -€4,655 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €1,666 | €9,857 | +€8,191 | +492% |
| Profit (loss) for the period | 9904 | €1,666 | €9,857 | +€8,191 | +492% |
| Profit (loss) for the period to be appropriated | 9905 | €1,666 | €9,857 | +€8,191 | +492% |
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 25 October 2026 via checked.be.