NHàLê: what changed
Two fiscal 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.
NHàLê
Largest movements
- Cash -€37,452
down €37,452 (-33.4%), from €112,085 to €74,633
mainly Contributions, distributions and other (-€167,001) and Receivables within one year (-€19,361)
- Receivables within one year +€19,361
up €19,361 (+18439.0%), from €105 to €19,466
- Deferred charges and accrued income -€8,386
down €8,386 (-24.5%), from €34,189 to €25,803
- Tangible fixed assets -€4,974
down €4,974 (-60.6%), from €8,209 to €3,235
of which Furniture and vehicles: -€4,974
- Reserves -€91,807
down €91,807 (-68.9%), from €133,310 to €41,503
- Other debts +€69,997
up €69,997 (+1399.1%), from €5,003 to €75,000
- Short-term financial debts -€6,112
no longer reported in 2025 (was €6,112)
- Current portion of long-term debt -€2,779
down €2,779 (-66.5%), from €4,176 to €1,397
- Trade debts +€2,199
up €2,199 (+5786.8%), from €38 to €2,237
- Gross operating margin +€4,249
up €4,249 (+4.4%), from €97,483 to €101,732
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 | €154,588 | €123,137 | -€31,451 | -20.3% |
| Fixed assets | 21/28 | €8,209 | €3,235 | -€4,974 | -60.6% |
| Tangible fixed assets | 22/27 | €8,209 | €3,235 | -€4,974 | -60.6% |
| Furniture and vehicles | 24 | €7,209 | €2,235 | -€4,974 | -69.0% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €146,379 | €119,902 | -€26,477 | -18.1% |
| Amounts receivable within one year | 40/41 | €105 | €19,466 | +€19,361 | +18439.0% |
| Other amounts receivable | 41 | €105 | €19,466 | +€19,361 | +18439.0% |
| Cash at bank and in hand | 54/58 | €112,085 | €74,633 | -€37,452 | -33.4% |
| Deferred charges and accrued income | 490/1 | €34,189 | €25,803 | -€8,386 | -24.5% |
| Total equity and liabilities | 10/49 | €154,588 | €123,137 | -€31,451 | -20.3% |
| Equity | 10/15 | €136,310 | €44,503 | -€91,807 | -67.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €133,310 | €41,503 | -€91,807 | -68.9% |
| Distributable reserves | 133 | €133,310 | €41,503 | -€91,807 | -68.9% |
| Amounts payable | 17/49 | €18,278 | €78,634 | +€60,356 | +330.2% |
| Amounts payable after more than one year | 17 | €1,397 | - | -€1,397 | |
| Financial debts | 170/4 | €1,397 | - | -€1,397 | |
| Amounts payable within one year | 42/48 | €16,881 | €78,634 | +€61,753 | +365.8% |
| Current portion of amounts payable after more than one year | 42 | €4,176 | €1,397 | -€2,779 | -66.5% |
| Financial debts | 43 | €6,112 | - | -€6,112 | |
| Credit institutions | 430/8 | €6,112 | - | -€6,112 | |
| Trade debts | 44 | €38 | €2,237 | +€2,199 | +5786.8% |
| Suppliers | 440/4 | €38 | €2,237 | +€2,199 | +5786.8% |
| Taxes, remuneration and social security | 45 | €1,552 | - | -€1,552 | |
| Taxes | 450/3 | €1,552 | - | -€1,552 | |
| Other amounts payable | 47/48 | €5,003 | €75,000 | +€69,997 | +1399.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,958 | €4,974 | +€16 | +0.3% |
| Other operating charges | 640/8 | €669 | €691 | +€22 | +3.3% |
| Gross operating margin | 9900 | €97,483 | €101,732 | +€4,249 | +4.4% |
| Operating profit (loss) | 9901 | €91,856 | €96,067 | +€4,211 | +4.6% |
| Financial charges | 65/66B | €693 | €516 | -€177 | -25.5% |
| Recurring financial charges | 65 | €693 | €516 | -€177 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €91,163 | €95,551 | +€4,388 | +4.8% |
| Income taxes | 67/77 | €19,552 | €20,357 | +€805 | +4.1% |
| Profit (loss) for the period | 9904 | €71,611 | €75,194 | +€3,583 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,611 | €75,194 | +€3,583 | +5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.