Nasco: 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.
Nasco
Largest movements
- Tangible fixed assets +€3.2m
up €3.2m (+25256.1%), from €12,818 to €3.3m
of which Land and buildings: +€3.2m
- Stocks and contracts +€770,912
new in 2025: €770,912
- Short-term financial debts +€2.2m
new in 2025: €2.2m
- Other debts +€1.2m
up €1.2m (+195.8%), from €617,702 to €1.8m
- Trade debts +€797,286
up €797,286 (+134989.1%), from €591 to €797,877
- Profit (loss) carried forward -€168,856
down €168,856 (-25.9%), from -€652,490 to -€821,346
- Gross operating margin -€70,821
down €70,821 (-70729.5%), from -€100 to -€70,922
- Financial charges +€41,167
up €41,167 (+6113.6%), from €673 to €41,840
- Depreciation +€35,418
up €35,418 (+179.7%), from €19,714 to €55,131
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 | €15,802 | €4,028,767 | +€4.0m | +25394.5% |
| Fixed assets | 21/28 | €12,818 | €3,250,079 | +€3.2m | +25256.1% |
| Tangible fixed assets | 22/27 | €12,818 | €3,250,079 | +€3.2m | +25256.1% |
| Land and buildings | 22 | - | €3,247,087 | +€3.2m | |
| Plant, machinery and equipment | 23 | €12,818 | €2,993 | -€9,825 | -76.7% |
| Current assets | 29/58 | €2,985 | €778,687 | +€775,703 | +25989.2% |
| Stocks and contracts in progress | 3 | - | €770,912 | +€770,912 | |
| Stocks | 30/36 | - | €770,912 | +€770,912 | |
| Amounts receivable within one year | 40/41 | €2,801 | €3,876 | +€1,075 | +38.4% |
| Other amounts receivable | 41 | €2,801 | €3,876 | +€1,075 | +38.4% |
| Cash at bank and in hand | 54/58 | €183 | €3,899 | +€3,716 | +2025.8% |
| Total equity and liabilities | 10/49 | €15,802 | €4,028,767 | +€4.0m | +25394.5% |
| Equity | 10/15 | -€602,490 | -€771,346 | -€168,856 | -28.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€652,490 | -€821,346 | -€168,856 | -25.9% |
| Amounts payable | 17/49 | €618,292 | €4,800,113 | +€4.2m | +676.3% |
| Amounts payable within one year | 42/48 | €618,292 | €4,800,113 | +€4.2m | +676.3% |
| Financial debts | 43 | - | €2,175,000 | +€2.2m | |
| Credit institutions | 430/8 | - | €2,175,000 | +€2.2m | |
| Trade debts | 44 | €591 | €797,877 | +€797,286 | +134989.1% |
| Suppliers | 440/4 | €591 | €797,877 | +€797,286 | +134989.1% |
| Other amounts payable | 47/48 | €617,702 | €1,827,236 | +€1.2m | +195.8% |
| Remuneration, social security and pensions | 62 | €608 | €439 | -€169 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,714 | €55,131 | +€35,418 | +179.7% |
| Other operating charges | 640/8 | €351 | €524 | +€173 | +49.1% |
| Gross operating margin | 9900 | -€100 | -€70,922 | -€70,821 | -70729.5% |
| Operating profit (loss) | 9901 | -€20,773 | -€127,016 | -€106,243 | -511.4% |
| Financial income | 75/76B | €39 | €0 | -€39 | -99.9% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -99.9% |
| Financial charges | 65/66B | €673 | €41,840 | +€41,167 | +6113.6% |
| Recurring financial charges | 65 | €673 | €41,840 | +€41,167 | +6113.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,408 | -€168,856 | -€147,448 | -688.8% |
| Profit (loss) for the period | 9904 | -€21,408 | -€168,856 | -€147,448 | -688.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,408 | -€168,856 | -€147,448 | -688.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.