NANH: 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.
NANH
Largest movements
- Receivables within one year +€357,986
up €357,986 (+48.0%), from €745,230 to €1.1m
of which Other amounts receivable: +€337,058
- Intangible fixed assets -€42,000
down €42,000 (-29.3%), from €143,107 to €101,107
- Deferred charges and accrued income -€36,425
down €36,425 (-22.5%), from €161,630 to €125,205
- Other debts +€247,385
up €247,385 (+77.7%), from €318,518 to €565,903
- Tax, wage and social debts +€46,940
up €46,940 (+96.4%), from €48,717 to €95,657
of which Taxes: +€46,940
- Profit (loss) carried forward -€16,248
down €16,248 (-5.3%), from €305,775 to €289,527
- Gross operating margin -€20,798
down €20,798 (-4.5%), from €461,546 to €440,748
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 | €1,158,668 | €1,440,079 | +€281,411 | +24.3% |
| Fixed assets | 21/28 | €191,935 | €148,450 | -€43,485 | -22.7% |
| Intangible fixed assets | 21 | €143,107 | €101,107 | -€42,000 | -29.3% |
| Tangible fixed assets | 22/27 | €48,798 | €47,313 | -€1,485 | -3.0% |
| Furniture and vehicles | 24 | - | €1,448 | +€1,448 | |
| Other tangible fixed assets | 26 | €48,798 | €45,865 | -€2,933 | -6.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €966,733 | €1,291,629 | +€324,896 | +33.6% |
| Amounts receivable within one year | 40/41 | €745,230 | €1,103,215 | +€357,986 | +48.0% |
| Trade receivables | 40 | - | €20,927 | +€20,927 | |
| Other amounts receivable | 41 | €745,230 | €1,082,288 | +€337,058 | +45.2% |
| Current investments | 50/53 | €4,976 | €4,976 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,897 | €58,233 | +€3,336 | +6.1% |
| Deferred charges and accrued income | 490/1 | €161,630 | €125,205 | -€36,425 | -22.5% |
| Total equity and liabilities | 10/49 | €1,158,668 | €1,440,079 | +€281,411 | +24.3% |
| Equity | 10/15 | €775,410 | €759,161 | -€16,248 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €451,035 | €451,035 | = | 0.0% |
| Distributable reserves | 133 | €451,035 | €451,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,775 | €289,527 | -€16,248 | -5.3% |
| Amounts payable | 17/49 | €383,258 | €680,918 | +€297,660 | +77.7% |
| Amounts payable within one year | 42/48 | €382,280 | €679,908 | +€297,628 | +77.9% |
| Financial debts | 43 | €5,078 | €6,745 | +€1,666 | +32.8% |
| Credit institutions | 430/8 | €5,078 | €6,745 | +€1,666 | +32.8% |
| Trade debts | 44 | €9,966 | €11,603 | +€1,637 | +16.4% |
| Suppliers | 440/4 | €9,966 | €11,603 | +€1,637 | +16.4% |
| Taxes, remuneration and social security | 45 | €48,717 | €95,657 | +€46,940 | +96.4% |
| Taxes | 450/3 | €45,717 | €92,657 | +€46,940 | +102.7% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €318,518 | €565,903 | +€247,385 | +77.7% |
| Accrued charges and deferred income | 492/3 | €978 | €1,010 | +€32 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,169 | €45,409 | +€240 | +0.5% |
| Other operating charges | 640/8 | €578 | €400 | -€178 | -30.8% |
| Gross operating margin | 9900 | €461,546 | €440,748 | -€20,798 | -4.5% |
| Operating profit (loss) | 9901 | €415,800 | €394,940 | -€20,860 | -5.0% |
| Financial income | 75/76B | €1,815 | - | -€1,815 | |
| Recurring financial income | 75 | €1,815 | - | -€1,815 | |
| Financial charges | 65/66B | €6,178 | €6,783 | +€605 | +9.8% |
| Recurring financial charges | 65 | €6,178 | €6,783 | +€605 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €411,436 | €388,157 | -€23,279 | -5.7% |
| Income taxes | 67/77 | €98,161 | €98,630 | +€469 | +0.5% |
| Profit (loss) for the period | 9904 | €313,275 | €289,527 | -€23,748 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €313,275 | €289,527 | -€23,748 | -7.6% |
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.