NLA MANAGEMENT: 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.
NLA MANAGEMENT
Largest movements
- Tangible fixed assets -€46,708
down €46,708 (-4.0%), from €1.2m to €1.1m
of which Land and buildings: -€24,167
- Other debts -€91,212
down €91,212 (-84.1%), from €108,472 to €17,260
- Reserves +€34,089
up €34,089 (+37.5%), from €90,934 to €125,023
of which Non-distributable reserves: +€25,000
- Debts after one year +€23,378
up €23,378 (+2.6%), from €896,467 to €919,845
of which Trade debts: +€79,678
- Gross operating margin -€62,628
down €62,628 (-32.1%), from €195,320 to €132,692
- Other operating charges -€35,429
down €35,429 (-81.1%), from €43,679 to €8,250
- Taxes -€16,233
down €16,233 (-52.3%), from €31,042 to €14,809
- Financial charges +€2,487
up €2,487 (+14.2%), from €17,572 to €20,060
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 | €1,262,749 | €1,225,736 | -€37,013 | -2.9% |
| Fixed assets | 21/28 | €1,178,899 | €1,132,192 | -€46,708 | -4.0% |
| Tangible fixed assets | 22/27 | €1,178,899 | €1,132,192 | -€46,708 | -4.0% |
| Land and buildings | 22 | €1,099,174 | €1,075,007 | -€24,167 | -2.2% |
| Plant, machinery and equipment | 23 | €72,185 | €57,185 | -€15,000 | -20.8% |
| Furniture and vehicles | 24 | €7,541 | - | -€7,541 | |
| Current assets | 29/58 | €83,850 | €93,544 | +€9,695 | +11.6% |
| Amounts receivable within one year | 40/41 | €48,260 | €60,756 | +€12,495 | +25.9% |
| Trade receivables | 40 | €29,368 | €60,213 | +€30,845 | +105% |
| Other amounts receivable | 41 | €18,892 | €542 | -€18,350 | -97.1% |
| Cash at bank and in hand | 54/58 | €35,179 | €30,211 | -€4,967 | -14.1% |
| Deferred charges and accrued income | 490/1 | €411 | €2,577 | +€2,167 | +528% |
| Total equity and liabilities | 10/49 | €1,262,749 | €1,225,736 | -€37,013 | -2.9% |
| Equity | 10/15 | €130,934 | €165,023 | +€34,089 | +26.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €90,934 | €125,023 | +€34,089 | +37.5% |
| Non-distributable reserves | 130/1 | €29,000 | €54,000 | +€25,000 | +86.2% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Other | 1319 | €25,000 | €50,000 | +€25,000 | +100% |
| Distributable reserves | 133 | €61,934 | €71,023 | +€9,089 | +14.7% |
| Amounts payable | 17/49 | €1,131,815 | €1,060,713 | -€71,102 | -6.3% |
| Amounts payable after more than one year | 17 | €896,467 | €919,845 | +€23,378 | +2.6% |
| Financial debts | 170/4 | €896,467 | €840,166 | -€56,300 | -6.3% |
| Trade debts | 175 | - | €79,678 | +€79,678 | |
| Amounts payable within one year | 42/48 | €235,349 | €140,869 | -€94,480 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €63,219 | €63,219 | = | 0.0% |
| Trade debts | 44 | €27,334 | €20,428 | -€6,907 | -25.3% |
| Suppliers | 440/4 | €27,334 | €20,428 | -€6,907 | -25.3% |
| Taxes, remuneration and social security | 45 | €36,324 | €39,962 | +€3,638 | +10.0% |
| Taxes | 450/3 | €36,324 | €38,934 | +€2,610 | +7.2% |
| Remuneration and social security | 454/9 | - | €1,028 | +€1,028 | |
| Other amounts payable | 47/48 | €108,472 | €17,260 | -€91,212 | -84.1% |
| Non-recurring operating income | 76A | - | €7,071 | +€7,071 | |
| Remuneration, social security and pensions | 62 | €2,428 | €4,024 | +€1,596 | +65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,575 | €39,167 | +€592 | +1.5% |
| Other operating charges | 640/8 | €43,679 | €8,250 | -€35,429 | -81.1% |
| Non-recurring operating charges | 66A | €318 | €556 | +€238 | +75.0% |
| Gross operating margin | 9900 | €195,320 | €132,692 | -€62,628 | -32.1% |
| Operating profit (loss) | 9901 | €110,320 | €80,694 | -€29,625 | -26.9% |
| Financial income | 75/76B | €1,752 | €28 | -€1,723 | -98.4% |
| Recurring financial income | 75 | €1,752 | €28 | -€1,723 | -98.4% |
| Financial charges | 65/66B | €17,572 | €20,060 | +€2,487 | +14.2% |
| Recurring financial charges | 65 | €17,572 | €20,060 | +€2,487 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €94,499 | €60,663 | -€33,836 | -35.8% |
| Income taxes | 67/77 | €31,042 | €14,809 | -€16,233 | -52.3% |
| Profit (loss) for the period | 9904 | €63,457 | €45,854 | -€17,603 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,457 | €45,854 | -€17,603 | -27.7% |
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.