Nanco: 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.
Nanco
Largest movements
- Cash -€27,669
down €27,669 (-42.9%), from €64,516 to €36,847
mainly Contributions, distributions and other (-€97,619) and Investment in fixed assets (net) (-€11,574)
- Tangible fixed assets +€9,193
up €9,193 (+168.8%), from €5,447 to €14,640
of which Plant, machinery and equipment: +€10,089
- Receivables within one year -€5,538
down €5,538 (-30.3%), from €18,298 to €12,760
of which Trade receivables: -€3,428
- Deferred charges and accrued income +€1,520
up €1,520 (+13.8%), from €11,021 to €12,542
- Reserves -€76,454
down €76,454 (-100.0%), from €76,454 to €0
- Other debts +€58,642
up €58,642 (+837.7%), from €7,000 to €65,642
- Tax, wage and social debts -€5,082
down €5,082 (-40.2%), from €12,631 to €7,548
- Gross operating margin -€20,716
down €20,716 (-39.4%), from €52,591 to €31,875
- Taxes -€2,902
down €2,902 (-30.0%), from €9,659 to €6,757
- Depreciation +€981
up €981 (+54.5%), from €1,800 to €2,781
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 | €102,029 | €78,757 | -€23,272 | -22.8% |
| Fixed assets | 21/28 | €6,502 | €15,295 | +€8,793 | +135.2% |
| Intangible fixed assets | 21 | €1,055 | €655 | -€400 | -37.9% |
| Tangible fixed assets | 22/27 | €5,447 | €14,640 | +€9,193 | +168.8% |
| Plant, machinery and equipment | 23 | €1,627 | €11,716 | +€10,089 | +620.2% |
| Furniture and vehicles | 24 | €3,820 | €2,924 | -€896 | -23.5% |
| Current assets | 29/58 | €95,527 | €63,462 | -€32,065 | -33.6% |
| Stocks and contracts in progress | 3 | €1,692 | €1,313 | -€379 | -22.4% |
| Stocks | 30/36 | €1,692 | €1,313 | -€379 | -22.4% |
| Amounts receivable within one year | 40/41 | €18,298 | €12,760 | -€5,538 | -30.3% |
| Trade receivables | 40 | €15,847 | €12,419 | -€3,428 | -21.6% |
| Other amounts receivable | 41 | €2,451 | €341 | -€2,110 | -86.1% |
| Cash at bank and in hand | 54/58 | €64,516 | €36,847 | -€27,669 | -42.9% |
| Deferred charges and accrued income | 490/1 | €11,021 | €12,542 | +€1,520 | +13.8% |
| Total equity and liabilities | 10/49 | €102,029 | €78,757 | -€23,272 | -22.8% |
| Equity | 10/15 | €79,454 | €3,000 | -€76,454 | -96.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,454 | €0 | -€76,454 | -100.0% |
| Distributable reserves | 133 | €76,454 | €0 | -€76,454 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,574 | €75,757 | +€53,182 | +235.6% |
| Amounts payable within one year | 42/48 | €22,574 | €75,757 | +€53,182 | +235.6% |
| Trade debts | 44 | €2,894 | €2,566 | -€327 | -11.3% |
| Suppliers | 440/4 | €2,894 | €2,566 | -€327 | -11.3% |
| Advances received on contracts in progress | 46 | €50 | €0 | -€50 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,631 | €7,548 | -€5,082 | -40.2% |
| Taxes | 450/3 | €12,631 | €7,548 | -€5,082 | -40.2% |
| Other amounts payable | 47/48 | €7,000 | €65,642 | +€58,642 | +837.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800 | €2,781 | +€981 | +54.5% |
| Other operating charges | 640/8 | €219 | €235 | +€17 | +7.6% |
| Gross operating margin | 9900 | €52,591 | €31,875 | -€20,716 | -39.4% |
| Operating profit (loss) | 9901 | €50,572 | €28,858 | -€21,714 | -42.9% |
| Financial income | 75/76B | €131 | €371 | +€241 | +184.3% |
| Recurring financial income | 75 | €131 | €371 | +€241 | +184.3% |
| Financial charges | 65/66B | €914 | €1,308 | +€394 | +43.1% |
| Recurring financial charges | 65 | €914 | €1,308 | +€394 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €49,789 | €27,922 | -€21,867 | -43.9% |
| Income taxes | 67/77 | €9,659 | €6,757 | -€2,902 | -30.0% |
| Profit (loss) for the period | 9904 | €40,130 | €21,164 | -€18,965 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,130 | €21,164 | -€18,965 | -47.3% |
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 4 October 2026 via checked.be.