NANOC: 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.
NANOC
Largest movements
- Tangible fixed assets +€515,133
up €515,133 (+102.6%), from €502,002 to €1.0m
of which Land and buildings: +€540,958
- Receivables within one year -€50,605
no longer reported in 2025 (was €50,605)
- Debts after one year +€870,127
up €870,127 (+583.2%), from €149,206 to €1.0m
of which Other amounts payable: +€901,748
- Other debts -€397,960
down €397,960 (-99.8%), from €398,565 to €605
- Profit (loss) carried forward -€45,341
down €45,341 (-56.4%), from -€80,359 to -€125,701
- Accrued charges and deferred income +€29,621
up €29,621 (+57.5%), from €51,492 to €81,112
- Depreciation +€23,563
up €23,563 (+56.0%), from €42,101 to €65,664
- Gross operating margin +€13,546
up €13,546 (+36.3%), from €37,326 to €50,872
- Financial charges -€3,741
down €3,741 (-11.9%), from €31,437 to €27,696
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 | €568,706 | €1,025,710 | +€457,004 | +80.4% |
| Fixed assets | 21/28 | €502,002 | €1,017,135 | +€515,133 | +102.6% |
| Tangible fixed assets | 22/27 | €502,002 | €1,017,135 | +€515,133 | +102.6% |
| Land and buildings | 22 | €453,232 | €994,190 | +€540,958 | +119.4% |
| Plant, machinery and equipment | 23 | €48,770 | €22,945 | -€25,825 | -53.0% |
| Current assets | 29/58 | €66,705 | €8,575 | -€58,129 | -87.1% |
| Amounts receivable within one year | 40/41 | €50,605 | - | -€50,605 | |
| Trade receivables | 40 | €50,605 | - | -€50,605 | |
| Cash at bank and in hand | 54/58 | €15,618 | €7,975 | -€7,643 | -48.9% |
| Deferred charges and accrued income | 490/1 | €481 | €600 | +€118 | +24.6% |
| Total equity and liabilities | 10/49 | €568,706 | €1,025,710 | +€457,004 | +80.4% |
| Equity | 10/15 | -€61,759 | -€107,101 | -€45,341 | -73.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,359 | -€125,701 | -€45,341 | -56.4% |
| Amounts payable | 17/49 | €630,466 | €1,132,811 | +€502,345 | +79.7% |
| Amounts payable after more than one year | 17 | €149,206 | €1,019,333 | +€870,127 | +583.2% |
| Financial debts | 170/4 | €149,206 | €117,585 | -€31,621 | -21.2% |
| Other amounts payable | 178/9 | - | €901,748 | +€901,748 | |
| Amounts payable within one year | 42/48 | €429,768 | €32,366 | -€397,403 | -92.5% |
| Current portion of amounts payable after more than one year | 42 | €31,116 | €31,621 | +€505 | +1.6% |
| Trade debts | 44 | €88 | €140 | +€52 | +59.1% |
| Suppliers | 440/4 | €88 | €140 | +€52 | +59.1% |
| Other amounts payable | 47/48 | €398,565 | €605 | -€397,960 | -99.8% |
| Accrued charges and deferred income | 492/3 | €51,492 | €81,112 | +€29,621 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,101 | €65,664 | +€23,563 | +56.0% |
| Other operating charges | 640/8 | €3,063 | €2,853 | -€209 | -6.8% |
| Gross operating margin | 9900 | €37,326 | €50,872 | +€13,546 | +36.3% |
| Operating profit (loss) | 9901 | -€7,838 | -€17,645 | -€9,808 | -125.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €31,437 | €27,696 | -€3,741 | -11.9% |
| Recurring financial charges | 65 | €31,437 | €27,696 | -€3,741 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€39,274 | -€45,341 | -€6,067 | -15.4% |
| Profit (loss) for the period | 9904 | -€39,274 | -€45,341 | -€6,067 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,274 | -€45,341 | -€6,067 | -15.4% |
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 29 September 2026 via checked.be.