NANNIC FINANCE: what changed
Two financial 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.
NANNIC FINANCE
Largest movements
- Tangible fixed assets +€609,072
up €609,072 (+108%), from €564,382 to €1.2m
of which Plant, machinery and equipment: +€615,129
- Other debts +€705,000
up €705,000 (+38.1%), from €1.8m to €2.6m
- Profit (loss) carried forward -€99,509
down €99,509 (-62.4%), from -€159,404 to -€258,913
- Depreciation +€126,406
up €126,406 (+333%), from €37,968 to €164,374
- Staff costs -€69,178
down €69,178 (-99.9%), from €69,220 to €42
- Gross operating margin +€48,434
up €48,434 (+250%), from €19,387 to €67,820
- Other operating charges -€714
down €714 (-32.2%), from €2,219 to €1,505
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.
Derived cash bridge
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 | €2,000,929 | €2,595,923 | +€594,994 | +29.7% |
| Fixed assets | 21/28 | €564,492 | €1,173,455 | +€608,962 | +108% |
| Tangible fixed assets | 22/27 | €564,382 | €1,173,455 | +€609,072 | +108% |
| Plant, machinery and equipment | 23 | €539,658 | €1,154,787 | +€615,129 | +114% |
| Leasing and similar rights | 25 | €24,725 | €18,668 | -€6,057 | -24.5% |
| Financial fixed assets | 28 | €110 | - | -€110 | |
| Current assets | 29/58 | €1,436,436 | €1,422,468 | -€13,968 | -1.0% |
| Amounts receivable within one year | 40/41 | €1,407,470 | €1,400,633 | -€6,837 | -0.5% |
| Trade receivables | 40 | €1,400,189 | €1,400,633 | +€444 | 0.0% |
| Other amounts receivable | 41 | €7,281 | - | -€7,281 | |
| Cash at bank and in hand | 54/58 | €28,845 | €21,409 | -€7,435 | -25.8% |
| Deferred charges and accrued income | 490/1 | €122 | €426 | +€304 | +249% |
| Total equity and liabilities | 10/49 | €2,000,929 | €2,595,923 | +€594,994 | +29.7% |
| Equity | 10/15 | -€140,804 | -€240,313 | -€99,509 | -70.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,404 | -€258,913 | -€99,509 | -62.4% |
| Amounts payable | 17/49 | €2,141,733 | €2,836,236 | +€694,504 | +32.4% |
| Amounts payable after more than one year | 17 | €18,839 | €12,791 | -€6,048 | -32.1% |
| Financial debts | 170/4 | €18,839 | €12,791 | -€6,048 | -32.1% |
| Amounts payable within one year | 42/48 | €2,120,807 | €2,821,359 | +€700,553 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €5,828 | €6,048 | +€220 | +3.8% |
| Trade debts | 44 | €266,770 | €261,298 | -€5,472 | -2.1% |
| Suppliers | 440/4 | €266,770 | €261,298 | -€5,472 | -2.1% |
| Taxes, remuneration and social security | 45 | €186 | €990 | +€804 | +434% |
| Taxes | 450/3 | €186 | €990 | +€804 | +434% |
| Other amounts payable | 47/48 | €1,848,023 | €2,553,023 | +€705,000 | +38.1% |
| Accrued charges and deferred income | 492/3 | €2,087 | €2,086 | -€1 | 0.0% |
| Non-recurring operating income | 76A | €11,259 | €4,875 | -€6,384 | -56.7% |
| Remuneration, social security and pensions | 62 | €69,220 | €42 | -€69,178 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,968 | €164,374 | +€126,406 | +333% |
| Other operating charges | 640/8 | €2,219 | €1,505 | -€714 | -32.2% |
| Gross operating margin | 9900 | €19,387 | €67,820 | +€48,434 | +250% |
| Operating profit (loss) | 9901 | -€90,021 | -€98,102 | -€8,081 | -9.0% |
| Financial charges | 65/66B | €1,613 | €1,408 | -€206 | -12.7% |
| Recurring financial charges | 65 | €1,613 | €1,408 | -€206 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€91,634 | -€99,509 | -€7,875 | -8.6% |
| Income taxes | 67/77 | €186 | - | -€186 | |
| Profit (loss) for the period | 9904 | -€91,819 | -€99,509 | -€7,690 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,819 | -€99,509 | -€7,690 | -8.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.