NAPS: 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.
NAPS
Largest movements
- Cash -€32,536
down €32,536 (-23.3%), from €139,602 to €107,066
mainly Contributions, distributions and other (-€45,000) and Debts after one year (-€15,861)
- Reserves -€30,000
down €30,000 (-15.2%), from €197,000 to €167,000
- Debts after one year -€15,861
down €15,861 (-5.8%), from €274,630 to €258,769
- Other debts +€12,150
up €12,150 (+82.4%), from €14,750 to €26,900
- Current portion of long-term debt -€8,387
down €8,387 (-25.7%), from €32,666 to €24,279
- Gross operating margin -€42,752
down €42,752 (-49.0%), from €87,233 to €44,481
- Other operating charges -€37,861
down €37,861 (-97.5%), from €38,845 to €984
- Financial charges +€8,841
up €8,841 (+519%), from €1,703 to €10,544
of which Financial charges: +€8,643
- Depreciation +€6,258
up €6,258 (+53.4%), from €11,721 to €17,979
- Taxes -€4,615
down €4,615 (-38.0%), from €12,132 to €7,518
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €553,200 | €514,370 | -€38,830 | -7.0% |
| Fixed assets | 21/28 | €311,617 | €307,675 | -€3,942 | -1.3% |
| Intangible fixed assets | 21 | €4,650 | €4,650 | = | 0.0% |
| Tangible fixed assets | 22/27 | €306,967 | €303,025 | -€3,942 | -1.3% |
| Land and buildings | 22 | €289,709 | €286,739 | -€2,970 | -1.0% |
| Furniture and vehicles | 24 | €17,258 | €16,286 | -€972 | -5.6% |
| Current assets | 29/58 | €241,583 | €206,695 | -€34,888 | -14.4% |
| Amounts receivable within one year | 40/41 | €34,289 | €33,226 | -€1,064 | -3.1% |
| Other amounts receivable | 41 | €34,289 | €33,226 | -€1,064 | -3.1% |
| Current investments | 50/53 | - | €167 | +€167 | |
| Cash at bank and in hand | 54/58 | €139,602 | €107,066 | -€32,536 | -23.3% |
| Deferred charges and accrued income | 490/1 | €67,692 | €66,235 | -€1,456 | -2.2% |
| Total equity and liabilities | 10/49 | €553,200 | €514,370 | -€38,830 | -7.0% |
| Equity | 10/15 | €218,407 | €189,121 | -€29,286 | -13.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €197,000 | €167,000 | -€30,000 | -15.2% |
| Distributable reserves | 133 | €197,000 | €167,000 | -€30,000 | -15.2% |
| Profit (loss) carried forward | 14 | €947 | €1,661 | +€714 | +75.3% |
| Amounts payable | 17/49 | €334,792 | €325,249 | -€9,544 | -2.9% |
| Amounts payable after more than one year | 17 | €274,630 | €258,769 | -€15,861 | -5.8% |
| Financial debts | 170/4 | €274,630 | €258,769 | -€15,861 | -5.8% |
| Amounts payable within one year | 42/48 | €59,405 | €64,456 | +€5,051 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €32,666 | €24,279 | -€8,387 | -25.7% |
| Financial debts | 43 | €3,444 | €928 | -€2,517 | -73.1% |
| Credit institutions | 430/8 | €3,444 | €928 | -€2,517 | -73.1% |
| Trade debts | 44 | €3,294 | €4,249 | +€954 | +29.0% |
| Suppliers | 440/4 | €3,294 | €4,249 | +€954 | +29.0% |
| Taxes, remuneration and social security | 45 | €5,250 | €8,100 | +€2,850 | +54.3% |
| Taxes | 450/3 | €5,250 | €8,100 | +€2,850 | +54.3% |
| Other amounts payable | 47/48 | €14,750 | €26,900 | +€12,150 | +82.4% |
| Accrued charges and deferred income | 492/3 | €757 | €2,024 | +€1,266 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,721 | €17,979 | +€6,258 | +53.4% |
| Other operating charges | 640/8 | €38,845 | €984 | -€37,861 | -97.5% |
| Gross operating margin | 9900 | €87,233 | €44,481 | -€42,752 | -49.0% |
| Operating profit (loss) | 9901 | €36,667 | €25,518 | -€11,149 | -30.4% |
| Financial income | 75/76B | €8,827 | €8,258 | -€569 | -6.4% |
| Recurring financial income | 75 | €8,827 | €8,258 | -€569 | -6.4% |
| Financial charges | 65/66B | €1,703 | €10,544 | +€8,841 | +519% |
| Recurring financial charges | 65 | €1,703 | €10,347 | +€8,643 | +507% |
| Non-recurring financial charges | 66B | - | €197 | +€197 | |
| Profit (loss) for the period before taxes | 9903 | €43,790 | €23,231 | -€20,559 | -46.9% |
| Income taxes | 67/77 | €12,132 | €7,518 | -€4,615 | -38.0% |
| Profit (loss) for the period | 9904 | €31,658 | €15,714 | -€15,944 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,658 | €15,714 | -€15,944 | -50.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.