NAS CONSTRUCT: 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.
NAS CONSTRUCT
Largest movements
- Tangible fixed assets -€26,744
down €26,744 (-54.4%), from €49,129 to €22,386
of which Furniture and vehicles: -€22,051
- Stocks and contracts -€12,580
no longer reported in 2024 (was €12,580)
- Cash -€11,423
down €11,423 (-59.5%), from €19,204 to €7,781
mainly Trade debts (-€46,227) and Net result for the year (-€23,572)
- Receivables within one year -€10,748
down €10,748 (-12.1%), from €89,117 to €78,369
of which Trade receivables: -€6,057
- Deferred charges and accrued income -€4,057
down €4,057 (-96.8%), from €4,190 to €133
- Trade debts -€46,227
down €46,227 (-42.8%), from €107,993 to €61,767
- Profit (loss) carried forward -€23,572
down €23,572 (-122%), from -€19,287 to -€42,859
- Other debts +€22,363
up €22,363 (+88.6%), from €25,234 to €47,597
- Debts after one year -€12,192
down €12,192 (-85.5%), from €14,257 to €2,065
- Tax, wage and social debts -€3,563
down €3,563 (-32.4%), from €11,010 to €7,447
of which Taxes: -€2,150
- Staff costs -€47,567
down €47,567 (-36.9%), from €128,795 to €81,228
- Gross operating margin +€14,542
up €14,542 (+17.6%), from €82,499 to €97,041
- Depreciation -€5,297
down €5,297 (-27.7%), from €19,098 to €13,801
- Other operating charges +€4,025
up €4,025 (+79.4%), from €5,069 to €9,094
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,221 | €108,668 | -€65,552 | -37.6% |
| Fixed assets | 21/28 | €49,129 | €22,386 | -€26,744 | -54.4% |
| Tangible fixed assets | 22/27 | €49,129 | €22,386 | -€26,744 | -54.4% |
| Plant, machinery and equipment | 23 | €7,523 | €2,831 | -€4,692 | -62.4% |
| Furniture and vehicles | 24 | €41,606 | €19,555 | -€22,051 | -53.0% |
| Current assets | 29/58 | €125,092 | €86,283 | -€38,809 | -31.0% |
| Stocks and contracts in progress | 3 | €12,580 | - | -€12,580 | |
| Stocks | 30/36 | €12,580 | - | -€12,580 | |
| Amounts receivable within one year | 40/41 | €89,117 | €78,369 | -€10,748 | -12.1% |
| Trade receivables | 40 | €83,483 | €77,425 | -€6,057 | -7.3% |
| Other amounts receivable | 41 | €5,635 | €944 | -€4,691 | -83.3% |
| Cash at bank and in hand | 54/58 | €19,204 | €7,781 | -€11,423 | -59.5% |
| Deferred charges and accrued income | 490/1 | €4,190 | €133 | -€4,057 | -96.8% |
| Total equity and liabilities | 10/49 | €174,221 | €108,668 | -€65,552 | -37.6% |
| Equity | 10/15 | €1,173 | -€22,399 | -€23,572 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,287 | -€42,859 | -€23,572 | -122% |
| Amounts payable | 17/49 | €173,048 | €131,068 | -€41,980 | -24.3% |
| Amounts payable after more than one year | 17 | €14,257 | €2,065 | -€12,192 | -85.5% |
| Financial debts | 170/4 | €14,257 | €2,065 | -€12,192 | -85.5% |
| Amounts payable within one year | 42/48 | €158,791 | €129,003 | -€29,788 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €14,554 | €12,192 | -€2,362 | -16.2% |
| Trade debts | 44 | €107,993 | €61,767 | -€46,227 | -42.8% |
| Suppliers | 440/4 | €107,993 | €61,767 | -€46,227 | -42.8% |
| Taxes, remuneration and social security | 45 | €11,010 | €7,447 | -€3,563 | -32.4% |
| Taxes | 450/3 | €5,639 | €3,490 | -€2,150 | -38.1% |
| Remuneration and social security | 454/9 | €5,370 | €3,957 | -€1,413 | -26.3% |
| Other amounts payable | 47/48 | €25,234 | €47,597 | +€22,363 | +88.6% |
| Remuneration, social security and pensions | 62 | €128,795 | €81,228 | -€47,567 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,098 | €13,801 | -€5,297 | -27.7% |
| Other operating charges | 640/8 | €5,069 | €9,094 | +€4,025 | +79.4% |
| Non-recurring operating charges | 66A | - | €8,666 | +€8,666 | |
| Gross operating margin | 9900 | €82,499 | €97,041 | +€14,542 | +17.6% |
| Operating profit (loss) | 9901 | -€70,463 | -€15,749 | +€54,714 | +77.6% |
| Financial income | 75/76B | €120 | €179 | +€59 | +49.2% |
| Recurring financial income | 75 | €120 | €179 | +€59 | +49.2% |
| Financial charges | 65/66B | €7,946 | €7,699 | -€247 | -3.1% |
| Recurring financial charges | 65 | €7,946 | €7,699 | -€247 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€78,290 | -€23,269 | +€55,020 | +70.3% |
| Income taxes | 67/77 | €326 | €303 | -€24 | -7.2% |
| Profit (loss) for the period | 9904 | -€78,616 | -€23,572 | +€55,044 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,616 | -€23,572 | +€55,044 | +70.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.