NFAK CONCEPT: 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.
NFAK CONCEPT
Largest movements
- Receivables within one year -€7,201
down €7,201 (-14.6%), from €49,485 to €42,284
of which Trade receivables: -€8,228
- Cash +€1,983
up €1,983 (+308%), from €644 to €2,627
mainly Net result for the year (+€20,979) and Receivables within one year (+€7,201)
- Trade debts -€6,868
no longer reported in 2025 (was €6,868)
- Profit (loss) carried forward +€5,588
up €5,588 (+13.5%), from €41,313 to €46,901
- Other debts -€4,366
no longer reported in 2025 (was €4,366)
- Gross operating margin +€42,416
up €42,416 (+399%), from €10,634 to €53,050
- Staff costs +€14,372
new in 2025: €14,372
- Taxes +€6,637
up €6,637 (+274%), from €2,422 to €9,060
- Other operating charges +€1,935
up €1,935 (+74.9%), from €2,582 to €4,516
- Depreciation -€933
down €933 (-22.5%), from €4,150 to €3,217
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 | €72,047 | €66,494 | -€5,552 | -7.7% |
| Fixed assets | 21/28 | €2,618 | €2,284 | -€334 | -12.8% |
| Tangible fixed assets | 22/27 | €2,618 | €2,284 | -€334 | -12.8% |
| Plant, machinery and equipment | 23 | €1,256 | €167 | -€1,089 | -86.7% |
| Furniture and vehicles | 24 | €1,362 | €2,116 | +€755 | +55.4% |
| Current assets | 29/58 | €69,429 | €64,211 | -€5,218 | -7.5% |
| Stocks and contracts in progress | 3 | €19,300 | €19,300 | = | 0.0% |
| Stocks | 30/36 | €19,300 | €19,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,485 | €42,284 | -€7,201 | -14.6% |
| Trade receivables | 40 | €49,485 | €41,256 | -€8,228 | -16.6% |
| Other amounts receivable | 41 | - | €1,027 | +€1,027 | |
| Cash at bank and in hand | 54/58 | €644 | €2,627 | +€1,983 | +308% |
| Total equity and liabilities | 10/49 | €72,047 | €66,494 | -€5,552 | -7.7% |
| Equity | 10/15 | €47,313 | €52,901 | +€5,588 | +11.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,313 | €46,901 | +€5,588 | +13.5% |
| Amounts payable | 17/49 | €24,734 | €13,593 | -€11,141 | -45.0% |
| Amounts payable within one year | 42/48 | €24,734 | €13,593 | -€11,141 | -45.0% |
| Trade debts | 44 | €6,868 | - | -€6,868 | |
| Suppliers | 440/4 | €6,868 | - | -€6,868 | |
| Taxes, remuneration and social security | 45 | €13,500 | €13,593 | +€94 | +0.7% |
| Taxes | 450/3 | €13,500 | €13,593 | +€94 | +0.7% |
| Other amounts payable | 47/48 | €4,366 | - | -€4,366 | |
| Remuneration, social security and pensions | 62 | - | €14,372 | +€14,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,150 | €3,217 | -€933 | -22.5% |
| Other operating charges | 640/8 | €2,582 | €4,516 | +€1,935 | +74.9% |
| Gross operating margin | 9900 | €10,634 | €53,050 | +€42,416 | +399% |
| Operating profit (loss) | 9901 | €3,902 | €30,945 | +€27,043 | +693% |
| Financial income | 75/76B | €0 | €1 | +€1 | +4,100% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +4,100% |
| Financial charges | 65/66B | €408 | €908 | +€500 | +123% |
| Recurring financial charges | 65 | €408 | €908 | +€500 | +123% |
| Profit (loss) for the period before taxes | 9903 | €3,494 | €30,038 | +€26,544 | +760% |
| Income taxes | 67/77 | €2,422 | €9,060 | +€6,637 | +274% |
| Profit (loss) for the period | 9904 | €1,072 | €20,979 | +€19,907 | +1,857% |
| Profit (loss) for the period to be appropriated | 9905 | €1,072 | €20,979 | +€19,907 | +1,857% |
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 20 October 2026 via checked.be.