NANTI: 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.
NANTI
Largest movements
- Financial fixed assets +€15.8m
up €15.8m (+28.4%), from €55.5m to €71.3m
- Current investments +€2.4m
up €2.4m (+12.6%), from €19.2m to €21.7m
- Cash -€1.1m
down €1.1m (-39.6%), from €2.8m to €1.7m
mainly Investment in fixed assets (net) (-€15.8m) and Current investments (-€2.4m)
- Reserves +€16.4m
up €16.4m (+64.4%), from €25.5m to €41.9m
of which Distributable reserves: +€16.4m
- Financial charges -€15.0m
down €15.0m (-99.5%), from €15.0m to €67,995
of which Non-recurring financial charges: -€15.0m
- Financial income -€3.9m
down €3.9m (-17.6%), from €22.1m to €18.3m
of which Non-recurring financial income: -€5.3m
- Taxes +€1.1m
up €1.1m (+164%), from €656,852 to €1.7m
- Gross operating margin -€23,537
down €23,537 (-203%), from -€11,610 to -€35,147
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 | €77,604,186 | €94,668,846 | +€17.1m | +22.0% |
| Fixed assets | 21/28 | €55,522,841 | €71,303,989 | +€15.8m | +28.4% |
| Financial fixed assets | 28 | €55,522,841 | €71,303,989 | +€15.8m | +28.4% |
| Current assets | 29/58 | €22,081,345 | €23,364,857 | +€1.3m | +5.8% |
| Current investments | 50/53 | €19,242,488 | €21,657,703 | +€2.4m | +12.6% |
| Cash at bank and in hand | 54/58 | €2,815,834 | €1,699,707 | -€1.1m | -39.6% |
| Deferred charges and accrued income | 490/1 | €23,023 | €7,447 | -€15,576 | -67.7% |
| Total equity and liabilities | 10/49 | €77,604,186 | €94,668,846 | +€17.1m | +22.0% |
| Equity | 10/15 | €76,290,469 | €92,704,519 | +€16.4m | +21.5% |
| Contributions | 10/11 | €50,820,000 | €50,820,000 | = | 0.0% |
| Capital | 10 | €50,820,000 | €50,820,000 | = | 0.0% |
| Issued capital | 100 | €50,820,000 | €50,820,000 | = | 0.0% |
| Reserves | 13 | €25,470,469 | €41,884,519 | +€16.4m | +64.4% |
| Non-distributable reserves | 130/1 | €6,346,286 | €6,346,286 | = | 0.0% |
| Legal reserve | 130 | €6,346,286 | €6,346,286 | = | 0.0% |
| Distributable reserves | 133 | €19,124,183 | €35,538,233 | +€16.4m | +85.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,313,717 | €1,964,327 | +€650,610 | +49.5% |
| Amounts payable within one year | 42/48 | €1,313,717 | €1,964,327 | +€650,610 | +49.5% |
| Trade debts | 44 | €2,033 | €303 | -€1,730 | -85.1% |
| Suppliers | 440/4 | €2,033 | €303 | -€1,730 | -85.1% |
| Taxes, remuneration and social security | 45 | €1,311,684 | €1,964,024 | +€652,340 | +49.7% |
| Taxes | 450/3 | €1,311,684 | €1,964,024 | +€652,340 | +49.7% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€11,610 | -€35,147 | -€23,537 | -203% |
| Operating profit (loss) | 9901 | -€12,696 | -€36,265 | -€23,569 | -186% |
| Financial income | 75/76B | €22,142,749 | €18,250,748 | -€3.9m | -17.6% |
| Recurring financial income | 75 | €1,108,305 | €2,469,600 | +€1.4m | +123% |
| Non-recurring financial income | 76B | €21,034,444 | €15,781,147 | -€5.3m | -25.0% |
| Financial charges | 65/66B | €15,036,415 | €67,995 | -€15.0m | -99.5% |
| Recurring financial charges | 65 | €1,360 | €67,995 | +€66,636 | +4,902% |
| Non-recurring financial charges | 66B | €15,035,055 | €0 | -€15.0m | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,093,639 | €18,146,487 | +€11.1m | +156% |
| Income taxes | 67/77 | €656,852 | €1,732,437 | +€1.1m | +164% |
| Profit (loss) for the period | 9904 | €6,436,787 | €16,414,050 | +€10.0m | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €6,436,787 | €16,414,050 | +€10.0m | +155% |
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 17 October 2026 via checked.be.