NPA: 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.
NPA
Largest movements
- Cash -€194,383
down €194,383 (-99.7%), from €195,028 to €644
mainly Trade debts (-€112,771) and Net result for the year (-€81,602)
- Trade debts -€112,771
down €112,771 (-32.6%), from €345,686 to €232,916
- Profit (loss) carried forward -€81,602
down €81,602 (-6.1%), from -€1.3m to -€1.4m
- Other debts +€78,059
up €78,059 (+7.5%), from €1.0m to €1.1m
- Tax, wage and social debts -€65,806
down €65,806 (-85.8%), from €76,687 to €10,880
of which Remuneration and social security: -€76,687
- Turnover -€382,369
down €382,369 (-80.6%), from €474,110 to €91,741
- Purchases and services -€289,322
down €289,322 (-88.5%), from €326,795 to €37,474
- Gross operating margin -€90,894
down €90,894 (-61.7%), from €147,315 to €56,421
- Staff costs -€86,487
down €86,487 (-49.7%), from €174,115 to €87,628
- Financial charges -€17,654
down €17,654 (-42.1%), from €41,923 to €24,269
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 | €1,111,912 | €929,793 | -€182,120 | -16.4% |
| Fixed assets | 21/28 | €347,678 | €350,673 | +€2,995 | +0.9% |
| Tangible fixed assets | 22/27 | €258,523 | €259,641 | +€1,118 | +0.4% |
| Land and buildings | 22 | €224,588 | €224,588 | = | 0.0% |
| Plant, machinery and equipment | 23 | €32,743 | €34,145 | +€1,401 | +4.3% |
| Furniture and vehicles | 24 | €1,191 | €908 | -€284 | -23.8% |
| Financial fixed assets | 28 | €89,155 | €91,032 | +€1,877 | +2.1% |
| Current assets | 29/58 | €764,234 | €579,120 | -€185,115 | -24.2% |
| Stocks and contracts in progress | 3 | €242,559 | €242,559 | = | 0.0% |
| Stocks | 30/36 | €242,559 | €242,559 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €326,647 | €335,916 | +€9,269 | +2.8% |
| Trade receivables | 40 | €95,733 | €108,795 | +€13,063 | +13.6% |
| Other amounts receivable | 41 | €230,915 | €227,121 | -€3,794 | -1.6% |
| Cash at bank and in hand | 54/58 | €195,028 | €644 | -€194,383 | -99.7% |
| Total equity and liabilities | 10/49 | €1,111,912 | €929,793 | -€182,120 | -16.4% |
| Equity | 10/15 | -€495,595 | -€577,197 | -€81,602 | -16.5% |
| Contributions | 10/11 | €546,000 | €546,000 | = | 0.0% |
| Capital | 10 | €546,000 | €546,000 | = | 0.0% |
| Issued capital | 100 | €546,000 | €546,000 | = | 0.0% |
| Reserves | 13 | €287,077 | €287,077 | = | 0.0% |
| Non-distributable reserves | 130/1 | €114,817 | €114,817 | = | 0.0% |
| Legal reserve | 130 | €54,600 | €54,600 | = | 0.0% |
| Other | 1319 | €60,217 | €60,217 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €134,761 | €134,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,328,672 | -€1,410,274 | -€81,602 | -6.1% |
| Amounts payable | 17/49 | €1,607,507 | €1,506,989 | -€100,518 | -6.3% |
| Amounts payable within one year | 42/48 | €1,607,507 | €1,506,989 | -€100,518 | -6.3% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €345,686 | €232,916 | -€112,771 | -32.6% |
| Suppliers | 440/4 | €345,686 | €232,916 | -€112,771 | -32.6% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €76,687 | €10,880 | -€65,806 | -85.8% |
| Taxes | 450/3 | - | €10,880 | +€10,880 | |
| Remuneration and social security | 454/9 | €76,687 | - | -€76,687 | |
| Other amounts payable | 47/48 | €1,034,134 | €1,112,193 | +€78,059 | +7.5% |
| Turnover | 70 | €474,110 | €91,741 | -€382,369 | -80.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €326,795 | €37,474 | -€289,322 | -88.5% |
| Remuneration, social security and pensions | 62 | €174,115 | €87,628 | -€86,487 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,816 | €19,082 | +€3,267 | +20.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,699 | - | -€4,699 | |
| Other operating charges | 640/8 | €21,170 | €8,108 | -€13,062 | -61.7% |
| Gross operating margin | 9900 | €147,315 | €56,421 | -€90,894 | -61.7% |
| Operating profit (loss) | 9901 | -€68,485 | -€58,397 | +€10,088 | +14.7% |
| Financial income | 75/76B | €1,242 | €1,309 | +€68 | +5.5% |
| Recurring financial income | 75 | €1,242 | €1,309 | +€68 | +5.5% |
| Financial charges | 65/66B | €41,923 | €24,269 | -€17,654 | -42.1% |
| Recurring financial charges | 65 | €41,923 | €24,269 | -€17,654 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€109,166 | -€81,357 | +€27,809 | +25.5% |
| Income taxes | 67/77 | - | €245 | +€245 | |
| Profit (loss) for the period | 9904 | -€109,166 | -€81,602 | +€27,565 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,166 | -€81,602 | +€27,565 | +25.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.