NAAS: 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.
NAAS
Largest movements
- Receivables within one year -€22,074
down €22,074 (-59.2%), from €37,309 to €15,235
of which Trade receivables: -€22,272
- Tangible fixed assets -€16,971
down €16,971 (-6.5%), from €261,397 to €244,426
of which Land and buildings: -€11,704
- Stocks and contracts +€4,000
up €4,000 (+105.3%), from €3,800 to €7,800
of which Contracts in progress: +€4,000
- Debts after one year -€13,102
down €13,102 (-4.4%), from €295,632 to €282,531
of which Financial debts: -€8,482
- Profit (loss) carried forward -€11,676
down €11,676 (-43.8%), from -€26,635 to -€38,311
- Advances received -€7,403
no longer reported in 2025 (was €7,403)
- Gross operating margin -€6,812
down €6,812 (-40.3%), from €16,909 to €10,098
- Other operating charges -€1,823
down €1,823 (-32.2%), from €5,664 to €3,841
- Financial income -€530
down €530 (-100.0%), from €530 to €0
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 | €309,719 | €275,123 | -€34,595 | -11.2% |
| Fixed assets | 21/28 | €261,397 | €244,426 | -€16,971 | -6.5% |
| Tangible fixed assets | 22/27 | €261,397 | €244,426 | -€16,971 | -6.5% |
| Land and buildings | 22 | €251,347 | €239,642 | -€11,704 | -4.7% |
| Plant, machinery and equipment | 23 | €7,717 | €4,784 | -€2,933 | -38.0% |
| Furniture and vehicles | 24 | €2,333 | - | -€2,333 | |
| Current assets | 29/58 | €48,322 | €30,697 | -€17,624 | -36.5% |
| Stocks and contracts in progress | 3 | €3,800 | €7,800 | +€4,000 | +105.3% |
| Stocks | 30/36 | €3,800 | €3,800 | = | 0.0% |
| Contracts in progress | 37 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €37,309 | €15,235 | -€22,074 | -59.2% |
| Trade receivables | 40 | €37,309 | €15,037 | -€22,272 | -59.7% |
| Other amounts receivable | 41 | - | €198 | +€198 | |
| Cash at bank and in hand | 54/58 | €5,772 | €5,889 | +€116 | +2.0% |
| Deferred charges and accrued income | 490/1 | €1,441 | €1,774 | +€333 | +23.1% |
| Total equity and liabilities | 10/49 | €309,719 | €275,123 | -€34,595 | -11.2% |
| Equity | 10/15 | -€8,035 | -€19,711 | -€11,676 | -145.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,635 | -€38,311 | -€11,676 | -43.8% |
| Amounts payable | 17/49 | €317,754 | €294,834 | -€22,919 | -7.2% |
| Amounts payable after more than one year | 17 | €295,632 | €282,531 | -€13,102 | -4.4% |
| Financial debts | 170/4 | €113,687 | €105,205 | -€8,482 | -7.5% |
| Other amounts payable | 178/9 | €181,945 | €177,326 | -€4,619 | -2.5% |
| Amounts payable within one year | 42/48 | €22,121 | €12,303 | -€9,818 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €8,359 | €8,482 | +€124 | +1.5% |
| Trade debts | 44 | €3,921 | €3,821 | -€100 | -2.5% |
| Suppliers | 440/4 | €3,921 | €3,821 | -€100 | -2.5% |
| Advances received on contracts in progress | 46 | €7,403 | - | -€7,403 | |
| Taxes, remuneration and social security | 45 | €2,439 | - | -€2,439 | |
| Taxes | 450/3 | €2,439 | - | -€2,439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,053 | €16,971 | -€83 | -0.5% |
| Other operating charges | 640/8 | €5,664 | €3,841 | -€1,823 | -32.2% |
| Gross operating margin | 9900 | €16,909 | €10,098 | -€6,812 | -40.3% |
| Operating profit (loss) | 9901 | -€5,808 | -€10,714 | -€4,906 | -84.5% |
| Financial income | 75/76B | €530 | €0 | -€530 | -100.0% |
| Recurring financial income | 75 | €530 | €0 | -€530 | -100.0% |
| Financial charges | 65/66B | €1,075 | €961 | -€113 | -10.5% |
| Recurring financial charges | 65 | €983 | €961 | -€22 | -2.2% |
| Non-recurring financial charges | 66B | €92 | - | -€92 | |
| Profit (loss) for the period before taxes | 9903 | -€6,353 | -€11,676 | -€5,323 | -83.8% |
| Profit (loss) for the period | 9904 | -€6,353 | -€11,676 | -€5,323 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,353 | -€11,676 | -€5,323 | -83.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.