NADAFA: what changed
NADAFA
Largest movements
- Tangible fixed assets -€15,569
down €15,569 (-100%), from €15,569 to €0
- Receivables within one year -€912
down €912 (-13.9%), from €6,586 to €5,674
of which Other amounts receivable: -€812
- Cash -€422
down €422 (-2.8%), from €15,295 to €14,873
mainly Net result for the year (-€13,851) and Current portion of long-term debt (-€2,976)
- Profit (loss) carried forward -€13,851
down €13,851 (-64.7%), from €21,419 to €7,568
- Current portion of long-term debt -€2,976
down €2,976 (-100%), from €2,976 to €0
- Trade debts -€669
no longer reported in 2025 (was €669)
- Tax, wage and social debts +€599
up €599 (+30.4%), from €1,968 to €2,567
of which Remuneration and social security: +€332
- Turnover -€42,621
no longer reported in 2025 (was €42,621)
- Purchases and services -€36,671
no longer reported in 2025 (was €36,671)
- Financial charges +€10,899
up €10,899 (+1,114%), from €978 to €11,877
of which Non-recurring financial charges: +€11,024
- Gross operating margin -€7,362
down €7,362, from €5,950 to -€1,412
- Depreciation -€6,431
down €6,431 (-100%), from €6,431 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,688 | €20,791 | -€16,897 | -44.8% |
| Fixed assets | 21/28 | €15,569 | €0 | -€15,569 | -100% |
| Tangible fixed assets | 22/27 | €15,569 | €0 | -€15,569 | -100% |
| Furniture and vehicles | 24 | €15,569 | €0 | -€15,569 | -100% |
| Current assets | 29/58 | €22,119 | €20,791 | -€1,328 | -6.0% |
| Amounts receivable within one year | 40/41 | €6,586 | €5,674 | -€912 | -13.9% |
| Trade receivables | 40 | €3,519 | €3,419 | -€100 | -2.8% |
| Other amounts receivable | 41 | €3,067 | €2,255 | -€812 | -26.5% |
| Cash at bank and in hand | 54/58 | €15,295 | €14,873 | -€422 | -2.8% |
| Deferred charges and accrued income | 490/1 | €238 | €244 | +€6 | +2.5% |
| Total equity and liabilities | 10/49 | €37,688 | €20,791 | -€16,897 | -44.8% |
| Equity | 10/15 | €21,419 | €7,568 | -€13,851 | -64.7% |
| Profit (loss) carried forward | 14 | €21,419 | €7,568 | -€13,851 | -64.7% |
| Amounts payable | 17/49 | €16,269 | €13,223 | -€3,046 | -18.7% |
| Amounts payable after more than one year | 17 | €10,656 | €10,656 | = | 0.0% |
| Financial debts | 170/4 | €10,656 | €10,656 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,614 | €2,567 | -€3,046 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €2,976 | €0 | -€2,976 | -100% |
| Trade debts | 44 | €669 | - | -€669 | |
| Suppliers | 440/4 | €669 | - | -€669 | |
| Taxes, remuneration and social security | 45 | €1,968 | €2,567 | +€599 | +30.4% |
| Taxes | 450/3 | - | €267 | +€267 | |
| Remuneration and social security | 454/9 | €1,968 | €2,300 | +€332 | +16.9% |
| Turnover | 70 | €42,621 | - | -€42,621 | |
| Goods, raw materials, services and sundry goods | 60/61 | €36,671 | - | -€36,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,431 | €0 | -€6,431 | -100% |
| Other operating charges | 640/8 | €653 | €562 | -€91 | -13.9% |
| Gross operating margin | 9900 | €5,950 | -€1,412 | -€7,362 | |
| Operating profit (loss) | 9901 | -€1,134 | -€1,974 | -€840 | -74.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €978 | €11,877 | +€10,899 | +1,114% |
| Recurring financial charges | 65 | €978 | €853 | -€125 | -12.8% |
| Non-recurring financial charges | 66B | - | €11,024 | +€11,024 | |
| Profit (loss) for the period before taxes | 9903 | -€2,112 | -€13,851 | -€11,739 | -556% |
| Income taxes | 67/77 | €1,479 | - | -€1,479 | |
| Profit (loss) for the period | 9904 | -€3,591 | -€13,851 | -€10,260 | -286% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,591 | -€13,851 | -€10,260 | -286% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.