NAS GROUP: 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 GROUP
Largest movements
- Receivables within one year +€4,782
up €4,782 (+82.7%), from €5,781 to €10,564
of which Trade receivables: +€5,372
- Tangible fixed assets +€1,721
up €1,721 (+27.6%), from €6,237 to €7,958
of which Furniture and vehicles: +€2,372
- Cash -€986
down €986 (-6.8%), from €14,554 to €13,568
mainly Receivables within one year (-€4,782) and Investment in fixed assets (net) (-€4,392)
- Profit (loss) carried forward +€4,007
up €4,007 (+31.3%), from -€12,796 to -€8,789
- Other debts +€1,858
up €1,858 (+19.1%), from €9,706 to €11,564
- Gross operating margin +€1,901
up €1,901 (+29.1%), from €6,537 to €8,437
- Taxes +€957
up €957 (+736%), from €130 to €1,087
- Depreciation +€448
up €448 (+20.1%), from €2,223 to €2,670
- Other operating charges -€91
down €91 (-13.6%), from €664 to €573
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 | €26,572 | €32,090 | +€5,518 | +20.8% |
| Fixed assets | 21/28 | €6,237 | €7,958 | +€1,721 | +27.6% |
| Tangible fixed assets | 22/27 | €6,237 | €7,958 | +€1,721 | +27.6% |
| Furniture and vehicles | 24 | €3,554 | €5,926 | +€2,372 | +66.7% |
| Other tangible fixed assets | 26 | €2,683 | €2,032 | -€651 | -24.2% |
| Current assets | 29/58 | €20,335 | €24,131 | +€3,796 | +18.7% |
| Amounts receivable within one year | 40/41 | €5,781 | €10,564 | +€4,782 | +82.7% |
| Trade receivables | 40 | €5,031 | €10,404 | +€5,372 | +107% |
| Other amounts receivable | 41 | €750 | €160 | -€590 | -78.7% |
| Cash at bank and in hand | 54/58 | €14,554 | €13,568 | -€986 | -6.8% |
| Total equity and liabilities | 10/49 | €26,572 | €32,090 | +€5,518 | +20.8% |
| Equity | 10/15 | €14,107 | €18,114 | +€4,007 | +28.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,703 | €20,703 | = | 0.0% |
| Distributable reserves | 133 | €20,703 | €20,703 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,796 | -€8,789 | +€4,007 | +31.3% |
| Amounts payable | 17/49 | €12,465 | €13,976 | +€1,511 | +12.1% |
| Amounts payable within one year | 42/48 | €12,077 | €13,576 | +€1,499 | +12.4% |
| Trade debts | 44 | €514 | €388 | -€127 | -24.6% |
| Suppliers | 440/4 | €514 | €388 | -€127 | -24.6% |
| Taxes, remuneration and social security | 45 | €1,857 | €1,624 | -€233 | -12.5% |
| Taxes | 450/3 | €1,857 | €1,624 | -€233 | -12.5% |
| Other amounts payable | 47/48 | €9,706 | €11,564 | +€1,858 | +19.1% |
| Accrued charges and deferred income | 492/3 | €388 | €400 | +€12 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223 | €2,670 | +€448 | +20.1% |
| Other operating charges | 640/8 | €664 | €573 | -€91 | -13.6% |
| Gross operating margin | 9900 | €6,537 | €8,437 | +€1,901 | +29.1% |
| Operating profit (loss) | 9901 | €3,650 | €5,194 | +€1,543 | +42.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €101 | €100 | -€1 | -0.5% |
| Recurring financial charges | 65 | €101 | €100 | -€1 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €3,550 | €5,094 | +€1,544 | +43.5% |
| Income taxes | 67/77 | €130 | €1,087 | +€957 | +736% |
| Profit (loss) for the period | 9904 | €3,420 | €4,007 | +€587 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,420 | €4,007 | +€587 | +17.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.