NANNI: 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.
NANNI
Largest movements
- Current investments -€150,000
down €150,000 (-97.5%), from €153,850 to €3,850
- Tangible fixed assets -€145,705
down €145,705 (-10.0%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€75,867
- Cash +€62,060
up €62,060 (+21.5%), from €288,078 to €350,138
mainly Net result for the year (+€155,398) and Depreciation (+€154,063)
- Receivables within one year +€33,001
up €33,001 (+312.2%), from €10,569 to €43,570
- Deferred charges and accrued income +€27,001
up €27,001 (+143.6%), from €18,808 to €45,810
- Reserves -€145,100
down €145,100 (-22.3%), from €649,915 to €504,814
of which Distributable reserves: -€143,000
- Debts after one year -€89,403
down €89,403 (-13.0%), from €688,964 to €599,561
- Trade debts +€40,849
up €40,849 (+82.5%), from €49,531 to €90,381
- Gross operating margin -€275,276
down €275,276 (-32.7%), from €841,587 to €566,311
- Taxes -€64,230
down €64,230 (-55.8%), from €115,038 to €50,808
- Staff costs -€22,409
down €22,409 (-11.2%), from €200,752 to €178,343
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 | €1,924,667 | €1,751,024 | -€173,643 | -9.0% |
| Fixed assets | 21/28 | €1,453,362 | €1,307,657 | -€145,705 | -10.0% |
| Tangible fixed assets | 22/27 | €1,453,337 | €1,307,632 | -€145,705 | -10.0% |
| Land and buildings | 22 | €446,419 | €418,513 | -€27,907 | -6.3% |
| Plant, machinery and equipment | 23 | €863,287 | €787,420 | -€75,867 | -8.8% |
| Furniture and vehicles | 24 | €117,328 | €84,861 | -€32,467 | -27.7% |
| Leasing and similar rights | 25 | €25,902 | €16,439 | -€9,464 | -36.5% |
| Other tangible fixed assets | 26 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €471,305 | €443,367 | -€27,938 | -5.9% |
| Amounts receivable within one year | 40/41 | €10,569 | €43,570 | +€33,001 | +312.2% |
| Other amounts receivable | 41 | €10,569 | €43,570 | +€33,001 | +312.2% |
| Current investments | 50/53 | €153,850 | €3,850 | -€150,000 | -97.5% |
| Cash at bank and in hand | 54/58 | €288,078 | €350,138 | +€62,060 | +21.5% |
| Deferred charges and accrued income | 490/1 | €18,808 | €45,810 | +€27,001 | +143.6% |
| Total equity and liabilities | 10/49 | €1,924,667 | €1,751,024 | -€173,643 | -9.0% |
| Equity | 10/15 | €668,737 | €524,135 | -€144,602 | -21.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €649,915 | €504,814 | -€145,100 | -22.3% |
| Tax-exempt reserves | 132 | €60,915 | €58,814 | -€2,100 | -3.4% |
| Distributable reserves | 133 | €589,000 | €446,000 | -€143,000 | -24.3% |
| Profit (loss) carried forward | 14 | €230 | €729 | +€498 | +216.4% |
| Provisions and deferred taxes | 16 | €20,305 | €19,605 | -€700 | -3.4% |
| Deferred taxes | 168 | €20,305 | €19,605 | -€700 | -3.4% |
| Amounts payable | 17/49 | €1,235,625 | €1,207,285 | -€28,341 | -2.3% |
| Amounts payable after more than one year | 17 | €688,964 | €599,561 | -€89,403 | -13.0% |
| Financial debts | 170/4 | €688,964 | €599,561 | -€89,403 | -13.0% |
| Amounts payable within one year | 42/48 | €545,900 | €597,036 | +€51,136 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €147,345 | €149,403 | +€2,058 | +1.4% |
| Trade debts | 44 | €49,531 | €90,381 | +€40,849 | +82.5% |
| Suppliers | 440/4 | €49,531 | €90,381 | +€40,849 | +82.5% |
| Taxes, remuneration and social security | 45 | €48,328 | €57,101 | +€8,773 | +18.2% |
| Taxes | 450/3 | €19,695 | €19,695 | = | 0.0% |
| Remuneration and social security | 454/9 | €28,632 | €37,405 | +€8,773 | +30.6% |
| Other amounts payable | 47/48 | €300,696 | €300,152 | -€544 | -0.2% |
| Accrued charges and deferred income | 492/3 | €762 | €10,688 | +€9,926 | +1302.9% |
| Remuneration, social security and pensions | 62 | €200,752 | €178,343 | -€22,409 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,255 | €154,063 | +€3,808 | +2.5% |
| Other operating charges | 640/8 | €6,563 | €10,444 | +€3,881 | +59.1% |
| Non-recurring operating charges | 66A | €1,500 | €6,119 | +€4,619 | +307.9% |
| Gross operating margin | 9900 | €841,587 | €566,311 | -€275,276 | -32.7% |
| Operating profit (loss) | 9901 | €482,517 | €217,341 | -€265,175 | -55.0% |
| Financial income | 75/76B | €1,793 | €1,462 | -€331 | -18.5% |
| Recurring financial income | 75 | €1,793 | €1,462 | -€331 | -18.5% |
| Financial charges | 65/66B | €17,372 | €13,297 | -€4,075 | -23.5% |
| Recurring financial charges | 65 | €17,372 | €13,297 | -€4,075 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €466,937 | €205,506 | -€261,431 | -56.0% |
| Transfer from deferred taxes | 780 | €700 | €700 | = | 0.0% |
| Income taxes | 67/77 | €115,038 | €50,808 | -€64,230 | -55.8% |
| Profit (loss) for the period | 9904 | €352,599 | €155,398 | -€197,201 | -55.9% |
| Transfer from tax-exempt reserves | 789 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €354,699 | €157,498 | -€197,201 | -55.6% |
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 2 October 2026 via checked.be.