NAESSENS: what changed
Two fiscal 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.
NAESSENS
Largest movements
- Cash +€159,218
up €159,218 (+100.9%), from €157,769 to €316,987
mainly Net result for the year (+€84,434) and Receivables within one year (+€45,249)
- Receivables within one year -€45,249
down €45,249 (-19.6%), from €230,697 to €185,449
of which Trade receivables: -€45,016
- Tangible fixed assets -€33,881
down €33,881 (-16.0%), from €211,807 to €177,927
of which Land and buildings: -€21,430
- Reserves +€84,434
up €84,434 (+24.5%), from €344,146 to €428,580
of which Distributable reserves: +€85,226
- Tax, wage and social debts +€23,937
up €23,937 (+64.2%), from €37,305 to €61,242
of which Taxes: +€21,862
- Debts after one year -€21,065
down €21,065 (-90.9%), from €23,172 to €2,107
- Other debts -€7,404
down €7,404 (-17.8%), from €41,558 to €34,154
- Gross operating margin +€30,870
up €30,870 (+13.5%), from €228,850 to €259,720
- Taxes +€6,230
up €6,230 (+21.5%), from €29,040 to €35,269
- Other operating charges +€3,435
up €3,435 (+76.3%), from €4,503 to €7,937
- Write-downs -€3,057
down €3,057 (-100.0%), from €3,057 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 | €625,536 | €705,936 | +€80,399 | +12.9% |
| Fixed assets | 21/28 | €211,807 | €177,927 | -€33,881 | -16.0% |
| Tangible fixed assets | 22/27 | €211,807 | €177,927 | -€33,881 | -16.0% |
| Land and buildings | 22 | €172,877 | €151,446 | -€21,430 | -12.4% |
| Plant, machinery and equipment | 23 | €9,988 | €5,955 | -€4,033 | -40.4% |
| Furniture and vehicles | 24 | €28,942 | €20,525 | -€8,417 | -29.1% |
| Current assets | 29/58 | €413,729 | €528,009 | +€114,280 | +27.6% |
| Stocks and contracts in progress | 3 | €22,850 | €23,500 | +€650 | +2.8% |
| Stocks | 30/36 | €22,850 | €23,500 | +€650 | +2.8% |
| Amounts receivable within one year | 40/41 | €230,697 | €185,449 | -€45,249 | -19.6% |
| Trade receivables | 40 | €229,830 | €184,814 | -€45,016 | -19.6% |
| Other amounts receivable | 41 | €867 | €635 | -€232 | -26.8% |
| Cash at bank and in hand | 54/58 | €157,769 | €316,987 | +€159,218 | +100.9% |
| Deferred charges and accrued income | 490/1 | €2,413 | €2,073 | -€340 | -14.1% |
| Total equity and liabilities | 10/49 | €625,536 | €705,936 | +€80,399 | +12.9% |
| Equity | 10/15 | €473,698 | €557,097 | +€83,399 | +17.6% |
| Contributions | 10/11 | €128,000 | €128,000 | = | 0.0% |
| Reserves | 13 | €344,146 | €428,580 | +€84,434 | +24.5% |
| Non-distributable reserves | 130/1 | €12,800 | €12,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,800 | €12,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,218 | €1,426 | -€792 | -35.7% |
| Distributable reserves | 133 | €329,128 | €414,354 | +€85,226 | +25.9% |
| Investment grants | 15 | €1,553 | €518 | -€1,035 | -66.7% |
| Provisions and deferred taxes | 16 | €739 | €475 | -€264 | -35.7% |
| Deferred taxes | 168 | €739 | €475 | -€264 | -35.7% |
| Amounts payable | 17/49 | €151,099 | €148,363 | -€2,736 | -1.8% |
| Amounts payable after more than one year | 17 | €23,172 | €2,107 | -€21,065 | -90.9% |
| Financial debts | 170/4 | €23,172 | €2,107 | -€21,065 | -90.9% |
| Amounts payable within one year | 42/48 | €121,759 | €140,092 | +€18,333 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €21,299 | €21,065 | -€235 | -1.1% |
| Trade debts | 44 | €21,596 | €23,630 | +€2,035 | +9.4% |
| Suppliers | 440/4 | €21,596 | €23,630 | +€2,035 | +9.4% |
| Taxes, remuneration and social security | 45 | €37,305 | €61,242 | +€23,937 | +64.2% |
| Taxes | 450/3 | €29,200 | €51,062 | +€21,862 | +74.9% |
| Remuneration and social security | 454/9 | €8,105 | €10,180 | +€2,075 | +25.6% |
| Other amounts payable | 47/48 | €41,558 | €34,154 | -€7,404 | -17.8% |
| Accrued charges and deferred income | 492/3 | €6,169 | €6,164 | -€5 | -0.1% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100.0% |
| Remuneration, social security and pensions | 62 | €91,681 | €92,301 | +€620 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,179 | €37,053 | +€874 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,057 | €0 | -€3,057 | -100.0% |
| Other operating charges | 640/8 | €4,503 | €7,937 | +€3,435 | +76.3% |
| Gross operating margin | 9900 | €228,850 | €259,720 | +€30,870 | +13.5% |
| Operating profit (loss) | 9901 | €93,430 | €122,429 | +€28,999 | +31.0% |
| Financial income | 75/76B | €1,553 | €1,697 | +€145 | +9.3% |
| Recurring financial income | 75 | €1,553 | €1,697 | +€145 | +9.3% |
| Financial charges | 65/66B | €6,708 | €4,687 | -€2,021 | -30.1% |
| Recurring financial charges | 65 | €6,708 | €4,687 | -€2,021 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €88,275 | €119,440 | +€31,165 | +35.3% |
| Transfer from deferred taxes | 780 | €53 | €264 | +€211 | +401.3% |
| Income taxes | 67/77 | €29,040 | €35,269 | +€6,230 | +21.5% |
| Profit (loss) for the period | 9904 | €59,288 | €84,434 | +€25,146 | +42.4% |
| Transfer from tax-exempt reserves | 789 | €158 | €792 | +€634 | +401.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,446 | €85,226 | +€25,780 | +43.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.