NANTAS: 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.
NANTAS
Largest movements
- Tangible fixed assets -€12,141
down €12,141 (-35.2%), from €34,491 to €22,350
of which Leasing and similar rights: -€8,949
- Cash -€7,436
down €7,436 (-11.6%), from €64,001 to €56,565
mainly Current portion of long-term debt (-€5,841) and Tax, wage and social debts (-€4,962)
- Current portion of long-term debt -€5,841
down €5,841 (-89.9%), from €6,496 to €655
- Tax, wage and social debts -€4,962
down €4,962 (-8.2%), from €60,427 to €55,465
of which Remuneration and social security: -€3,504
- Debts after one year -€3,928
no longer reported in 2025 (was €3,928)
- Trade debts -€2,729
down €2,729 (-42.3%), from €6,451 to €3,721
- Gross operating margin -€19,217
down €19,217 (-7.9%), from €244,156 to €224,939
- Staff costs -€6,329
down €6,329 (-3.0%), from €212,310 to €205,980
- Taxes -€3,142
down €3,142 (-56.2%), from €5,589 to €2,447
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 | €166,146 | €147,610 | -€18,536 | -11.2% |
| Fixed assets | 21/28 | €34,491 | €22,350 | -€12,141 | -35.2% |
| Tangible fixed assets | 22/27 | €34,491 | €22,350 | -€12,141 | -35.2% |
| Plant, machinery and equipment | 23 | €3,961 | €3,523 | -€438 | -11.1% |
| Furniture and vehicles | 24 | €7,507 | €4,753 | -€2,753 | -36.7% |
| Leasing and similar rights | 25 | €23,023 | €14,074 | -€8,949 | -38.9% |
| Current assets | 29/58 | €131,655 | €125,260 | -€6,395 | -4.9% |
| Amounts receivable within one year | 40/41 | €67,655 | €68,695 | +€1,041 | +1.5% |
| Trade receivables | 40 | €52,005 | €54,359 | +€2,354 | +4.5% |
| Other amounts receivable | 41 | €15,650 | €14,337 | -€1,313 | -8.4% |
| Cash at bank and in hand | 54/58 | €64,001 | €56,565 | -€7,436 | -11.6% |
| Total equity and liabilities | 10/49 | €166,146 | €147,610 | -€18,536 | -11.2% |
| Equity | 10/15 | €88,846 | €87,770 | -€1,076 | -1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,646 | €82,646 | = | 0.0% |
| Distributable reserves | 133 | €82,646 | €82,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,076 | -€1,076 | |
| Amounts payable | 17/49 | €77,301 | €59,841 | -€17,460 | -22.6% |
| Amounts payable after more than one year | 17 | €3,928 | - | -€3,928 | |
| Financial debts | 170/4 | €3,928 | - | -€3,928 | |
| Amounts payable within one year | 42/48 | €73,373 | €59,841 | -€13,532 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €6,496 | €655 | -€5,841 | -89.9% |
| Trade debts | 44 | €6,451 | €3,721 | -€2,729 | -42.3% |
| Suppliers | 440/4 | €6,451 | €3,721 | -€2,729 | -42.3% |
| Taxes, remuneration and social security | 45 | €60,427 | €55,465 | -€4,962 | -8.2% |
| Taxes | 450/3 | €18,820 | €17,362 | -€1,458 | -7.7% |
| Remuneration and social security | 454/9 | €41,607 | €38,103 | -€3,504 | -8.4% |
| Remuneration, social security and pensions | 62 | €212,310 | €205,980 | -€6,329 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,242 | €14,431 | +€189 | +1.3% |
| Other operating charges | 640/8 | €1,728 | €1,704 | -€24 | -1.4% |
| Gross operating margin | 9900 | €244,156 | €224,939 | -€19,217 | -7.9% |
| Operating profit (loss) | 9901 | €15,876 | €2,824 | -€13,052 | -82.2% |
| Financial income | 75/76B | €984 | €916 | -€68 | -6.9% |
| Recurring financial income | 75 | €984 | €916 | -€68 | -6.9% |
| Financial charges | 65/66B | €626 | €703 | +€77 | +12.3% |
| Recurring financial charges | 65 | €626 | €703 | +€77 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €16,234 | €3,037 | -€13,197 | -81.3% |
| Income taxes | 67/77 | €5,589 | €2,447 | -€3,142 | -56.2% |
| Profit (loss) for the period | 9904 | €10,645 | €590 | -€10,055 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,645 | €590 | -€10,055 | -94.5% |
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 23 October 2026 via checked.be.