NANU: 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.
NANU
Largest movements
- Tangible fixed assets -€38,968
down €38,968 (-25.3%), from €153,771 to €114,803
of which Furniture and vehicles: -€24,032
- Cash +€19,924
up €19,924 (+94.7%), from €21,048 to €40,972
mainly Depreciation (+€38,968) and Accrued charges and deferred income (+€31,687)
- Receivables within one year -€19,330
down €19,330 (-25.3%), from €76,393 to €57,063
of which Trade receivables: -€21,855
- Deferred charges and accrued income +€4,267
up €4,267 (+279.8%), from €1,525 to €5,792
- Accrued charges and deferred income +€31,687
new in 2025: €31,687
- Trade debts -€24,636
down €24,636 (-60.9%), from €40,444 to €15,809
- Debts after one year -€19,288
down €19,288 (-30.1%), from €64,148 to €44,861
- Other debts -€12,184
down €12,184 (-63.7%), from €19,129 to €6,945
- Profit (loss) carried forward -€10,157
down €10,157, from €27 to -€10,131
- Write-downs +€5,438
new in 2025: €5,438
- Gross operating margin -€4,413
down €4,413 (-9.8%), from €44,855 to €40,442
- Depreciation +€2,901
up €2,901 (+8.0%), from €36,066 to €38,968
- Taxes -€1,768
down €1,768 (-85.6%), from €2,067 to €299
- Other operating charges -€1,212
down €1,212 (-33.7%), from €3,600 to €2,389
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 | €252,736 | €218,630 | -€34,106 | -13.5% |
| Fixed assets | 21/28 | €153,771 | €114,803 | -€38,968 | -25.3% |
| Tangible fixed assets | 22/27 | €153,771 | €114,803 | -€38,968 | -25.3% |
| Land and buildings | 22 | €59,218 | €46,099 | -€13,119 | -22.2% |
| Plant, machinery and equipment | 23 | €3,796 | €1,980 | -€1,816 | -47.8% |
| Furniture and vehicles | 24 | €90,756 | €66,724 | -€24,032 | -26.5% |
| Current assets | 29/58 | €98,965 | €103,827 | +€4,861 | +4.9% |
| Amounts receivable within one year | 40/41 | €76,393 | €57,063 | -€19,330 | -25.3% |
| Trade receivables | 40 | €74,960 | €53,104 | -€21,855 | -29.2% |
| Other amounts receivable | 41 | €1,433 | €3,958 | +€2,525 | +176.2% |
| Cash at bank and in hand | 54/58 | €21,048 | €40,972 | +€19,924 | +94.7% |
| Deferred charges and accrued income | 490/1 | €1,525 | €5,792 | +€4,267 | +279.8% |
| Total equity and liabilities | 10/49 | €252,736 | €218,630 | -€34,106 | -13.5% |
| Equity | 10/15 | €109,711 | €99,554 | -€10,157 | -9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €97,285 | €97,285 | = | 0.0% |
| Distributable reserves | 133 | €97,285 | €97,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27 | -€10,131 | -€10,157 | |
| Amounts payable | 17/49 | €143,025 | €119,076 | -€23,949 | -16.7% |
| Amounts payable after more than one year | 17 | €64,148 | €44,861 | -€19,288 | -30.1% |
| Financial debts | 170/4 | €64,148 | €44,861 | -€19,288 | -30.1% |
| Amounts payable within one year | 42/48 | €78,877 | €42,529 | -€36,348 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €18,446 | €19,288 | +€842 | +4.6% |
| Trade debts | 44 | €40,444 | €15,809 | -€24,636 | -60.9% |
| Suppliers | 440/4 | €40,444 | €15,809 | -€24,636 | -60.9% |
| Taxes, remuneration and social security | 45 | €858 | €487 | -€370 | -43.2% |
| Taxes | 450/3 | €858 | €487 | -€370 | -43.2% |
| Other amounts payable | 47/48 | €19,129 | €6,945 | -€12,184 | -63.7% |
| Accrued charges and deferred income | 492/3 | - | €31,687 | +€31,687 | |
| Non-recurring operating income | 76A | €634 | - | -€634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,066 | €38,968 | +€2,901 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,438 | +€5,438 | |
| Other operating charges | 640/8 | €3,600 | €2,389 | -€1,212 | -33.7% |
| Gross operating margin | 9900 | €44,855 | €40,442 | -€4,413 | -9.8% |
| Operating profit (loss) | 9901 | €5,188 | -€6,352 | -€11,540 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.6% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.6% |
| Financial charges | 65/66B | €3,102 | €3,507 | +€405 | +13.1% |
| Recurring financial charges | 65 | €3,102 | €3,507 | +€405 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €2,094 | -€9,859 | -€11,953 | |
| Income taxes | 67/77 | €2,067 | €299 | -€1,768 | -85.6% |
| Profit (loss) for the period | 9904 | €27 | -€10,157 | -€10,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €27 | -€10,157 | -€10,184 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.