NANOE: 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.
NANOE
Largest movements
- Tangible fixed assets -€52,887
down €52,887 (-27.0%), from €195,993 to €143,106
of which Other tangible fixed assets: -€28,158
- Cash -€37,090
down €37,090 (-30.5%), from €121,611 to €84,521
mainly Debts after one year (-€69,549) and Contributions, distributions and other (-€61,025)
- Receivables within one year +€6,022
up €6,022 (+121.0%), from €4,977 to €10,999
of which Other amounts receivable: +€5,881
- Debts after one year -€69,549
down €69,549 (-42.6%), from €163,268 to €93,718
- Reserves -€42,710
down €42,710 (-74.0%), from €57,693 to €14,983
- Other debts +€30,073
up €30,073 (+8961.4%), from €336 to €30,408
- Tax, wage and social debts +€5,802
up €5,802 (+55.4%), from €10,468 to €16,271
of which Taxes: +€5,584
- Short-term financial debts -€3,762
down €3,762 (-42.6%), from €8,832 to €5,070
- Gross operating margin -€17,536
down €17,536 (-7.8%), from €224,437 to €206,901
- Taxes -€6,620
down €6,620 (-53.7%), from €12,321 to €5,701
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 | €327,966 | €247,388 | -€80,578 | -24.6% |
| Fixed assets | 21/28 | €195,993 | €143,106 | -€52,887 | -27.0% |
| Tangible fixed assets | 22/27 | €195,993 | €143,106 | -€52,887 | -27.0% |
| Plant, machinery and equipment | 23 | €67,664 | €50,778 | -€16,886 | -25.0% |
| Furniture and vehicles | 24 | €36,341 | €28,498 | -€7,843 | -21.6% |
| Other tangible fixed assets | 26 | €91,988 | €63,830 | -€28,158 | -30.6% |
| Current assets | 29/58 | €131,973 | €104,282 | -€27,691 | -21.0% |
| Stocks and contracts in progress | 3 | €5,050 | €6,200 | +€1,150 | +22.8% |
| Stocks | 30/36 | €5,050 | €6,200 | +€1,150 | +22.8% |
| Amounts receivable within one year | 40/41 | €4,977 | €10,999 | +€6,022 | +121.0% |
| Trade receivables | 40 | - | €141 | +€141 | |
| Other amounts receivable | 41 | €4,977 | €10,858 | +€5,881 | +118.2% |
| Cash at bank and in hand | 54/58 | €121,611 | €84,521 | -€37,090 | -30.5% |
| Deferred charges and accrued income | 490/1 | €335 | €2,561 | +€2,227 | +665.5% |
| Total equity and liabilities | 10/49 | €327,966 | €247,388 | -€80,578 | -24.6% |
| Equity | 10/15 | €61,243 | €18,533 | -€42,710 | -69.7% |
| Contributions | 10/11 | €3,550 | €3,550 | = | 0.0% |
| Reserves | 13 | €57,693 | €14,983 | -€42,710 | -74.0% |
| Distributable reserves | 133 | €57,693 | €14,983 | -€42,710 | -74.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €266,723 | €228,855 | -€37,868 | -14.2% |
| Amounts payable after more than one year | 17 | €163,268 | €93,718 | -€69,549 | -42.6% |
| Financial debts | 170/4 | €163,268 | €93,718 | -€69,549 | -42.6% |
| Amounts payable within one year | 42/48 | €103,455 | €134,166 | +€30,711 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €71,424 | €71,760 | +€336 | +0.5% |
| Financial debts | 43 | €8,832 | €5,070 | -€3,762 | -42.6% |
| Credit institutions | 430/8 | €8,832 | €5,070 | -€3,762 | -42.6% |
| Trade debts | 44 | €12,396 | €10,657 | -€1,738 | -14.0% |
| Suppliers | 440/4 | €12,396 | €10,657 | -€1,738 | -14.0% |
| Taxes, remuneration and social security | 45 | €10,468 | €16,271 | +€5,802 | +55.4% |
| Taxes | 450/3 | €5,449 | €11,033 | +€5,584 | +102.5% |
| Remuneration and social security | 454/9 | €5,019 | €5,237 | +€218 | +4.3% |
| Other amounts payable | 47/48 | €336 | €30,408 | +€30,073 | +8961.4% |
| Accrued charges and deferred income | 492/3 | €0 | €970 | +€970 | |
| Remuneration, social security and pensions | 62 | €99,489 | €98,811 | -€679 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,439 | €67,151 | +€1,712 | +2.6% |
| Other operating charges | 640/8 | €2,484 | €2,645 | +€161 | +6.5% |
| Non-recurring operating charges | 66A | €4,188 | €3,953 | -€235 | -5.6% |
| Gross operating margin | 9900 | €224,437 | €206,901 | -€17,536 | -7.8% |
| Operating profit (loss) | 9901 | €52,837 | €34,342 | -€18,495 | -35.0% |
| Financial income | 75/76B | €194 | €47 | -€147 | -75.7% |
| Recurring financial income | 75 | €194 | €47 | -€147 | -75.7% |
| Financial charges | 65/66B | €10,847 | €10,372 | -€475 | -4.4% |
| Recurring financial charges | 65 | €10,847 | €10,372 | -€475 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €42,184 | €24,017 | -€18,167 | -43.1% |
| Income taxes | 67/77 | €12,321 | €5,701 | -€6,620 | -53.7% |
| Profit (loss) for the period | 9904 | €29,862 | €18,315 | -€11,547 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,862 | €18,315 | -€11,547 | -38.7% |
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 5 October 2026 via checked.be.