Banque Nationale de Belgique (FRA:BKB) Scaled Net Operating Assets: 0.03 (As of Dec. 2025)


FRA:BKB Banque Nationale de Belgique SA FRA:BKB
26 GF Score
Price €347.00
! 1 Warning Sign
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What is Banque Nationale de Belgique Scaled Net Operating Assets?

Banque Nationale de Belgique FRA:BKB -2.80% 26 Scaled Net Operating Assets is 0.03 as of Dec. 2025. GuruFocus rates FRA:BKB with a GF Score™ of 26/100. The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Banque Nationale de Belgique's operating assets for the quarter that ended in Dec. 2025 was €315,604.90 Mil. Banque Nationale de Belgique's operating liabilities for the quarter that ended in Dec. 2025 was €305,688.00 Mil. Banque Nationale de Belgique's Total Assets for the quarter that ended in Dec. 2024 was €330,662.66 Mil. Therefore, Banque Nationale de Belgique's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.03.

FRA:BKB
26GF Score
Banque Nationale de Belgique SA FRA:BKB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Banque Nationale de Belgique Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Banque Nationale de Belgique's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(315604.9-305687.996)/330662.659
=0.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=358584.499 - 42979.599
=315604.9

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=360363.498 - 54675.502 - 0
=305687.996

Banque Nationale de Belgique's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Dec. 2024 )
=(315604.9-305687.996)/330662.659
=0.03

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=358584.499 - 42979.599
=315604.9

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=360363.498 - 54675.502 - 0
=305687.996

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.03 mean?
Banque Nationale de Belgique (FRA:BKB) has a Scaled Net Operating Assets of 0.03 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Banque Nationale de Belgique and its competitors.
Is Banque Nationale de Belgique's Scaled Net Operating Assets too high?
Banque Nationale de Belgique's current Scaled Net Operating Assets is 0.03. Overall, Banque Nationale de Belgique has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Banque Nationale de Belgique's Scaled Net Operating Assets compare to PNC and USB?
Banque Nationale de Belgique's Scaled Net Operating Assets of 0.03 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Banque Nationale de Belgique and its competitors. Banque Nationale de Belgique's current Scaled Net Operating Assets is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banque Nationale de Belgique stock overvalued right now?
Banque Nationale de Belgique (FRA:BKB) has a current Scaled Net Operating Assets of 0.03. The current Scaled Net Operating Assets is 0.03. Banque Nationale de Belgique's overall GF Score™ is 26/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Banque Nationale de Belgique (FRA:BKB), the current Scaled Net Operating Assets is 0.03 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Banque Nationale de Belgique Business Description

Other Exchanges BNB:Belgium
Address Boulevard de Berlaimont 14, Brussels, BEL, 1000
Banque Nationale de Belgique SA, or the National Bank of Belgium, is the country's central bank. The bank does not operate like other banks whose chief objective is profit maximization for its shareholders. Its primary aim is to maintain price stability as well as supervision of the Belgian financial sector and other related tasks in the national interest. The most notable portion of assets on the balance sheet include securities held for monetary policy purposes. Other notable assets include other securities and net claims related to the allocation of euro banknotes within the Eurosystem. Net interest income is the overwhelming majority of net revenue.
26GF Score

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