NAASCO: 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.
NAASCO
Largest movements
- Tangible fixed assets -€16,546
down €16,546 (-36.7%), from €45,075 to €28,529
of which Leasing and similar rights: -€11,520
- Cash -€15,986
down €15,986 (-81.6%), from €19,593 to €3,607
mainly Net result for the year (-€47,964) and Current portion of long-term debt (-€11,823)
- Receivables within one year +€7,002
up €7,002 (+63.0%), from €11,117 to €18,119
of which Trade receivables: +€8,009
- Profit (loss) carried forward -€47,964
down €47,964 (-92.4%), from -€51,892 to -€99,856
- Other debts +€19,956
up €19,956 (+65.9%), from €30,300 to €50,256
- Debts after one year +€14,567
up €14,567 (+83.4%), from €17,470 to €32,037
- Current portion of long-term debt -€11,823
down €11,823 (-68.5%), from €17,257 to €5,434
- Gross operating margin -€20,155
down €20,155 (-428%), from -€4,713 to -€24,868
- Taxes +€3,033
up €3,033 (+11,666%), from €26 to €3,059
- Financial charges +€951
up €951 (+77.2%), from €1,231 to €2,182
- Depreciation -€743
down €743 (-4.3%), from €17,289 to €16,546
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.
Derived cash bridge
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 | €75,785 | €50,255 | -€25,530 | -33.7% |
| Fixed assets | 21/28 | €45,075 | €28,529 | -€16,546 | -36.7% |
| Tangible fixed assets | 22/27 | €45,075 | €28,529 | -€16,546 | -36.7% |
| Land and buildings | 22 | €269 | €0 | -€269 | -100% |
| Furniture and vehicles | 24 | €678 | €358 | -€320 | -47.2% |
| Leasing and similar rights | 25 | €11,520 | €0 | -€11,520 | -100% |
| Other tangible fixed assets | 26 | €32,608 | €28,171 | -€4,437 | -13.6% |
| Current assets | 29/58 | €30,710 | €21,726 | -€8,984 | -29.3% |
| Amounts receivable within one year | 40/41 | €11,117 | €18,119 | +€7,002 | +63.0% |
| Trade receivables | 40 | €10,043 | €18,052 | +€8,009 | +79.7% |
| Other amounts receivable | 41 | €1,074 | €68 | -€1,007 | -93.7% |
| Cash at bank and in hand | 54/58 | €19,593 | €3,607 | -€15,986 | -81.6% |
| Total equity and liabilities | 10/49 | €75,785 | €50,255 | -€25,530 | -33.7% |
| Equity | 10/15 | €8,564 | -€39,399 | -€47,963 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,856 | €41,856 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,996 | €39,996 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€51,892 | -€99,856 | -€47,964 | -92.4% |
| Amounts payable | 17/49 | €67,221 | €89,654 | +€22,433 | +33.4% |
| Amounts payable after more than one year | 17 | €17,470 | €32,037 | +€14,567 | +83.4% |
| Financial debts | 170/4 | €17,470 | €32,037 | +€14,567 | +83.4% |
| Amounts payable within one year | 42/48 | €49,751 | €57,618 | +€7,867 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €17,257 | €5,434 | -€11,823 | -68.5% |
| Trade debts | 44 | €514 | €886 | +€372 | +72.4% |
| Suppliers | 440/4 | €514 | €886 | +€372 | +72.4% |
| Taxes, remuneration and social security | 45 | €1,680 | €1,042 | -€638 | -38.0% |
| Taxes | 450/3 | - | €1,042 | +€1,042 | |
| Remuneration and social security | 454/9 | €1,680 | €0 | -€1,680 | -100% |
| Other amounts payable | 47/48 | €30,300 | €50,256 | +€19,956 | +65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,289 | €16,546 | -€743 | -4.3% |
| Other operating charges | 640/8 | €1,275 | €1,309 | +€34 | +2.7% |
| Gross operating margin | 9900 | -€4,713 | -€24,868 | -€20,155 | -428% |
| Operating profit (loss) | 9901 | -€23,277 | -€42,723 | -€19,446 | -83.5% |
| Financial income | 75/76B | €173 | €0 | -€173 | -99.8% |
| Recurring financial income | 75 | €173 | €0 | -€173 | -99.8% |
| Financial charges | 65/66B | €1,231 | €2,182 | +€951 | +77.2% |
| Recurring financial charges | 65 | €1,231 | €2,182 | +€951 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,335 | -€44,905 | -€20,570 | -84.5% |
| Income taxes | 67/77 | €26 | €3,059 | +€3,033 | +11,666% |
| Profit (loss) for the period | 9904 | -€24,361 | -€47,964 | -€23,603 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,361 | -€47,964 | -€23,603 | -96.9% |
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 18 October 2026 via checked.be.