NAN'ize: 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.
NAN'ize
Largest movements
- Cash -€24,353
down €24,353 (-35.7%), from €68,232 to €43,879
mainly Net result for the year (-€29,053) and Debts after one year (-€6,589)
- Tangible fixed assets -€7,949
down €7,949 (-35.8%), from €22,231 to €14,282
of which Leasing and similar rights: -€8,777
- Receivables within one year -€3,309
down €3,309 (-18.5%), from €17,925 to €14,615
- Deferred charges and accrued income +€2,139
up €2,139 (+127.8%), from €1,674 to €3,813
- Profit (loss) carried forward -€29,053
down €29,053, from €23,056 to -€5,996
- Debts after one year -€6,589
down €6,589 (-69.7%), from €9,451 to €2,863
- Trade debts +€1,572
up €1,572 (+169.5%), from €927 to €2,499
- Gross operating margin -€61,061
down €61,061, from €41,271 to -€19,790
- Taxes -€8,691
down €8,691 (-98.0%), from €8,867 to €175
- Financial income +€515
up €515, from €0 to €515
- Other operating charges -€445
down €445 (-100.0%), from €445 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 | €110,062 | €76,590 | -€33,472 | -30.4% |
| Fixed assets | 21/28 | €22,231 | €14,282 | -€7,949 | -35.8% |
| Tangible fixed assets | 22/27 | €22,231 | €14,282 | -€7,949 | -35.8% |
| Furniture and vehicles | 24 | €529 | €1,357 | +€829 | +156.7% |
| Leasing and similar rights | 25 | €21,703 | €12,925 | -€8,777 | -40.4% |
| Current assets | 29/58 | €87,830 | €62,307 | -€25,523 | -29.1% |
| Amounts receivable within one year | 40/41 | €17,925 | €14,615 | -€3,309 | -18.5% |
| Other amounts receivable | 41 | €17,925 | €14,615 | -€3,309 | -18.5% |
| Cash at bank and in hand | 54/58 | €68,232 | €43,879 | -€24,353 | -35.7% |
| Deferred charges and accrued income | 490/1 | €1,674 | €3,813 | +€2,139 | +127.8% |
| Total equity and liabilities | 10/49 | €110,062 | €76,590 | -€33,472 | -30.4% |
| Equity | 10/15 | €93,516 | €64,464 | -€29,053 | -31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,056 | -€5,996 | -€29,053 | |
| Amounts payable | 17/49 | €16,545 | €12,126 | -€4,419 | -26.7% |
| Amounts payable after more than one year | 17 | €9,451 | €2,863 | -€6,589 | -69.7% |
| Financial debts | 170/4 | €9,451 | €2,863 | -€6,589 | -69.7% |
| Amounts payable within one year | 42/48 | €7,094 | €9,263 | +€2,170 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €6,167 | €6,589 | +€422 | +6.8% |
| Trade debts | 44 | €927 | €2,499 | +€1,572 | +169.5% |
| Suppliers | 440/4 | €927 | €2,499 | +€1,572 | +169.5% |
| Taxes, remuneration and social security | 45 | €0 | €176 | +€176 | |
| Taxes | 450/3 | €0 | €176 | +€176 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,453 | €9,554 | +€101 | +1.1% |
| Other operating charges | 640/8 | €445 | €0 | -€445 | -100.0% |
| Gross operating margin | 9900 | €41,271 | -€19,790 | -€61,061 | |
| Operating profit (loss) | 9901 | €31,372 | -€29,344 | -€60,716 | |
| Financial income | 75/76B | €0 | €515 | +€515 | |
| Recurring financial income | 75 | €0 | €515 | +€515 | |
| Financial charges | 65/66B | €287 | €48 | -€239 | -83.3% |
| Recurring financial charges | 65 | €287 | €48 | -€239 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €31,086 | -€28,877 | -€59,963 | |
| Income taxes | 67/77 | €8,867 | €175 | -€8,691 | -98.0% |
| Profit (loss) for the period | 9904 | €22,219 | -€29,053 | -€51,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,219 | -€29,053 | -€51,271 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.