NANA-T: what changed
NANA-T
Largest movements
- Cash +€76,659
up €76,659 (+169%), from €45,228 to €121,887
mainly Net result for the year (+€71,242) and Depreciation (+€14,234)
- Tangible fixed assets -€14,234
down €14,234 (-16.2%), from €87,704 to €73,470
of which Plant, machinery and equipment: -€8,678
- Receivables within one year -€12,612
down €12,612 (-78.1%), from €16,150 to €3,538
of which Trade receivables: -€11,307
- Stocks and contracts -€3,000
down €3,000 (-71.4%), from €4,200 to €1,200
- Profit (loss) carried forward +€71,242
up €71,242 (+121%), from €59,057 to €130,299
- Debts after one year -€10,454
down €10,454 (-46.7%), from €22,401 to €11,947
- Advances received -€8,559
down €8,559 (-100%), from €8,559 to €0
- Tax, wage and social debts -€3,332
down €3,332 (-32.3%), from €10,313 to €6,981
of which Taxes: -€4,744
- Gross operating margin +€24,303
up €24,303 (+24.0%), from €101,129 to €125,432
- Staff costs +€10,506
up €10,506 (+98.3%), from €10,690 to €21,196
- Taxes +€8,301
up €8,301 (+90.8%), from €9,138 to €17,439
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,461 | €201,641 | +€46,180 | +29.7% |
| Fixed assets | 21/28 | €88,454 | €74,220 | -€14,234 | -16.1% |
| Tangible fixed assets | 22/27 | €87,704 | €73,470 | -€14,234 | -16.2% |
| Plant, machinery and equipment | 23 | €42,664 | €33,987 | -€8,678 | -20.3% |
| Other tangible fixed assets | 26 | €45,040 | €39,484 | -€5,556 | -12.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €67,007 | €127,421 | +€60,414 | +90.2% |
| Stocks and contracts in progress | 3 | €4,200 | €1,200 | -€3,000 | -71.4% |
| Stocks | 30/36 | €4,200 | €1,200 | -€3,000 | -71.4% |
| Amounts receivable within one year | 40/41 | €16,150 | €3,538 | -€12,612 | -78.1% |
| Trade receivables | 40 | €12,415 | €1,108 | -€11,307 | -91.1% |
| Other amounts receivable | 41 | €3,735 | €2,430 | -€1,305 | -34.9% |
| Cash at bank and in hand | 54/58 | €45,228 | €121,887 | +€76,659 | +169% |
| Deferred charges and accrued income | 490/1 | €1,430 | €797 | -€633 | -44.3% |
| Total equity and liabilities | 10/49 | €155,461 | €201,641 | +€46,180 | +29.7% |
| Equity | 10/15 | €95,531 | €165,338 | +€69,807 | +73.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,057 | €130,299 | +€71,242 | +121% |
| Investment grants | 15 | €11,474 | €10,039 | -€1,434 | -12.5% |
| Amounts payable | 17/49 | €59,930 | €36,303 | -€23,627 | -39.4% |
| Amounts payable after more than one year | 17 | €22,401 | €11,947 | -€10,454 | -46.7% |
| Financial debts | 170/4 | €22,401 | €11,947 | -€10,454 | -46.7% |
| Amounts payable within one year | 42/48 | €37,529 | €24,356 | -€13,173 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €9,932 | €10,454 | +€522 | +5.3% |
| Trade debts | 44 | €8,725 | €6,921 | -€1,804 | -20.7% |
| Suppliers | 440/4 | €8,725 | €6,921 | -€1,804 | -20.7% |
| Advances received on contracts in progress | 46 | €8,559 | €0 | -€8,559 | -100% |
| Taxes, remuneration and social security | 45 | €10,313 | €6,981 | -€3,332 | -32.3% |
| Taxes | 450/3 | €9,138 | €4,394 | -€4,744 | -51.9% |
| Remuneration and social security | 454/9 | €1,175 | €2,587 | +€1,412 | +120% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €10,690 | €21,196 | +€10,506 | +98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,233 | €14,234 | +€0 | 0.0% |
| Other operating charges | 640/8 | €451 | €872 | +€421 | +93.3% |
| Gross operating margin | 9900 | €101,129 | €125,432 | +€24,303 | +24.0% |
| Operating profit (loss) | 9901 | €75,755 | €89,131 | +€13,377 | +17.7% |
| Financial income | 75/76B | €1,436 | €1,488 | +€52 | +3.6% |
| Recurring financial income | 75 | €1,436 | €1,488 | +€52 | +3.6% |
| Financial charges | 65/66B | €2,348 | €1,938 | -€410 | -17.5% |
| Recurring financial charges | 65 | €2,348 | €1,938 | -€410 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €74,842 | €88,681 | +€13,839 | +18.5% |
| Income taxes | 67/77 | €9,138 | €17,439 | +€8,301 | +90.8% |
| Profit (loss) for the period | 9904 | €65,704 | €71,242 | +€5,538 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,704 | €71,242 | +€5,538 | +8.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.