Nansen: 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.
Nansen
Largest movements
- Cash +€129,340
up €129,340 (+109.5%), from €118,098 to €247,438
mainly Receivables within one year (+€76,063) and Accrued charges and deferred income (+€63,616)
- Receivables within one year -€76,063
down €76,063 (-55.6%), from €136,815 to €60,752
of which Other amounts receivable: -€76,388
- Accrued charges and deferred income +€63,616
up €63,616 (+40.6%), from €156,676 to €220,293
- Tax, wage and social debts -€33,239
down €33,239 (-64.0%), from €51,951 to €18,712
of which Remuneration and social security: -€30,230
- Profit (loss) carried forward +€25,095
up €25,095 (+68.3%), from €36,766 to €61,861
- Staff costs -€30,199
down €30,199 (-11.3%), from €266,341 to €236,142
- Gross operating margin -€11,831
down €11,831 (-4.3%), from €273,428 to €261,596
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 | €256,932 | €311,432 | +€54,499 | +21.2% |
| Current assets | 29/58 | €256,932 | €311,432 | +€54,499 | +21.2% |
| Amounts receivable within one year | 40/41 | €136,815 | €60,752 | -€76,063 | -55.6% |
| Trade receivables | 40 | - | €326 | +€326 | |
| Other amounts receivable | 41 | €136,815 | €60,427 | -€76,388 | -55.8% |
| Cash at bank and in hand | 54/58 | €118,098 | €247,438 | +€129,340 | +109.5% |
| Deferred charges and accrued income | 490/1 | €2,019 | €3,241 | +€1,222 | +60.5% |
| Total equity and liabilities | 10/49 | €256,932 | €311,432 | +€54,499 | +21.2% |
| Equity | 10/15 | €36,766 | €61,861 | +€25,095 | +68.3% |
| Profit (loss) carried forward | 14 | €36,766 | €61,861 | +€25,095 | +68.3% |
| Amounts payable | 17/49 | €220,167 | €249,571 | +€29,404 | +13.4% |
| Amounts payable within one year | 42/48 | €63,490 | €29,278 | -€34,212 | -53.9% |
| Trade debts | 44 | €11,539 | €10,566 | -€973 | -8.4% |
| Suppliers | 440/4 | €11,539 | €10,566 | -€973 | -8.4% |
| Taxes, remuneration and social security | 45 | €51,951 | €18,712 | -€33,239 | -64.0% |
| Taxes | 450/3 | €3,009 | - | -€3,009 | |
| Remuneration and social security | 454/9 | €48,942 | €18,712 | -€30,230 | -61.8% |
| Accrued charges and deferred income | 492/3 | €156,676 | €220,293 | +€63,616 | +40.6% |
| Remuneration, social security and pensions | 62 | €266,341 | €236,142 | -€30,199 | -11.3% |
| Other operating charges | 640/8 | €770 | €107 | -€663 | -86.1% |
| Gross operating margin | 9900 | €273,428 | €261,596 | -€11,831 | -4.3% |
| Operating profit (loss) | 9901 | €6,317 | €25,347 | +€19,030 | +301.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €331 | €251 | -€79 | -23.9% |
| Recurring financial charges | 65 | €331 | €251 | -€79 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €5,986 | €25,095 | +€19,109 | +319.2% |
| Profit (loss) for the period | 9904 | €5,986 | €25,095 | +€19,109 | +319.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,986 | €25,095 | +€19,109 | +319.2% |
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.