NAS COMPANY: what changed
NAS COMPANY
Largest movements
- Tangible fixed assets -€17,364
down €17,364 (-13.5%), from €128,814 to €111,450
of which Land and buildings: -€11,500
- Cash +€11,198
up €11,198 (+149%), from €7,498 to €18,696
mainly Contributions, distributions and other (+€50,000) and Depreciation (+€17,364)
- Receivables within one year -€7,475
no longer reported in 2025 (was €7,475)
- Other debts -€66,392
down €66,392 (-56.2%), from €118,198 to €51,806
- Contributions +€50,000
new in 2025: €50,000
- Trade debts -€17,935
down €17,935 (-95.9%), from €18,697 to €762
- Profit (loss) carried forward +€16,583
up €16,583 (+611%), from €2,715 to €19,298
- Tax, wage and social debts +€4,103
up €4,103 (+98.2%), from €4,177 to €8,280
- Gross operating margin +€9,450
up €9,450 (+28.5%), from €33,150 to €42,600
- Taxes +€5,639
new in 2025: €5,639
- Depreciation +€3,228
up €3,228 (+22.8%), from €14,136 to €17,364
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,787 | €130,146 | -€13,641 | -9.5% |
| Fixed assets | 21/28 | €128,814 | €111,450 | -€17,364 | -13.5% |
| Tangible fixed assets | 22/27 | €128,814 | €111,450 | -€17,364 | -13.5% |
| Land and buildings | 22 | €107,267 | €95,767 | -€11,500 | -10.7% |
| Furniture and vehicles | 24 | €21,547 | €15,683 | -€5,864 | -27.2% |
| Current assets | 29/58 | €14,973 | €18,696 | +€3,723 | +24.9% |
| Amounts receivable within one year | 40/41 | €7,475 | - | -€7,475 | |
| Trade receivables | 40 | €7,475 | - | -€7,475 | |
| Cash at bank and in hand | 54/58 | €7,498 | €18,696 | +€11,198 | +149% |
| Total equity and liabilities | 10/49 | €143,787 | €130,146 | -€13,641 | -9.5% |
| Equity | 10/15 | €2,715 | €69,298 | +€66,583 | +2,453% |
| Contributions | 10/11 | - | €50,000 | +€50,000 | |
| Capital | 10 | - | €50,000 | +€50,000 | |
| Issued capital | 100 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €2,715 | €19,298 | +€16,583 | +611% |
| Amounts payable | 17/49 | €141,072 | €60,848 | -€80,224 | -56.9% |
| Amounts payable within one year | 42/48 | €141,072 | €60,848 | -€80,224 | -56.9% |
| Trade debts | 44 | €18,697 | €762 | -€17,935 | -95.9% |
| Suppliers | 440/4 | €18,697 | €762 | -€17,935 | -95.9% |
| Taxes, remuneration and social security | 45 | €4,177 | €8,280 | +€4,103 | +98.2% |
| Taxes | 450/3 | €4,177 | €8,280 | +€4,103 | +98.2% |
| Other amounts payable | 47/48 | €118,198 | €51,806 | -€66,392 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,136 | €17,364 | +€3,228 | +22.8% |
| Other operating charges | 640/8 | €1,938 | €2,020 | +€83 | +4.3% |
| Non-recurring operating charges | 66A | €257 | €384 | +€126 | +49.1% |
| Gross operating margin | 9900 | €33,150 | €42,600 | +€9,450 | +28.5% |
| Operating profit (loss) | 9901 | €16,820 | €22,833 | +€6,013 | +35.8% |
| Financial charges | 65/66B | €392 | €610 | +€218 | +55.5% |
| Recurring financial charges | 65 | €392 | €610 | +€218 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €16,427 | €22,222 | +€5,795 | +35.3% |
| Income taxes | 67/77 | - | €5,639 | +€5,639 | |
| Profit (loss) for the period | 9904 | €16,427 | €16,583 | +€156 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,427 | €16,583 | +€156 | +1.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.