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
- Receivables within one year +€6,891
up €6,891 (+121.1%), from €5,689 to €12,580
- Cash +€6,605
up €6,605 (+14.2%), from €46,559 to €53,164
mainly Net result for the year (+€14,130) and Tax, wage and social debts (+€2,217)
- Profit (loss) carried forward +€14,130
up €14,130 (+43.5%), from €32,459 to €46,589
- Other debts -€2,381
down €2,381 (-57.7%), from €4,128 to €1,747
- Tax, wage and social debts +€2,217
up €2,217 (+21.2%), from €10,450 to €12,667
of which Taxes: +€1,843
- Trade debts -€1,108
down €1,108 (-32.4%), from €3,423 to €2,315
- Gross operating margin -€7,609
down €7,609 (-23.4%), from €32,487 to €24,879
- Taxes +€401
up €401 (+5.4%), from €7,439 to €7,840
- Depreciation -€344
down €344 (-40.7%), from €847 to €503
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 | €53,505 | €66,317 | +€12,812 | +23.9% |
| Fixed assets | 21/28 | €1,060 | €558 | -€503 | -47.4% |
| Tangible fixed assets | 22/27 | €1,060 | €558 | -€503 | -47.4% |
| Plant, machinery and equipment | 23 | €128 | - | -€128 | |
| Furniture and vehicles | 24 | €933 | €558 | -€375 | -40.2% |
| Current assets | 29/58 | €52,445 | €65,759 | +€13,315 | +25.4% |
| Amounts receivable within one year | 40/41 | €5,689 | €12,580 | +€6,891 | +121.1% |
| Trade receivables | 40 | €5,689 | €12,580 | +€6,891 | +121.1% |
| Cash at bank and in hand | 54/58 | €46,559 | €53,164 | +€6,605 | +14.2% |
| Deferred charges and accrued income | 490/1 | €197 | €15 | -€182 | -92.3% |
| Total equity and liabilities | 10/49 | €53,505 | €66,317 | +€12,812 | +23.9% |
| Equity | 10/15 | €35,459 | €49,589 | +€14,130 | +39.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,459 | €46,589 | +€14,130 | +43.5% |
| Amounts payable | 17/49 | €18,046 | €16,728 | -€1,318 | -7.3% |
| Amounts payable within one year | 42/48 | €18,001 | €16,728 | -€1,272 | -7.1% |
| Trade debts | 44 | €3,423 | €2,315 | -€1,108 | -32.4% |
| Suppliers | 440/4 | €3,423 | €2,315 | -€1,108 | -32.4% |
| Taxes, remuneration and social security | 45 | €10,450 | €12,667 | +€2,217 | +21.2% |
| Taxes | 450/3 | €4,398 | €6,241 | +€1,843 | +41.9% |
| Remuneration and social security | 454/9 | €6,051 | €6,426 | +€374 | +6.2% |
| Other amounts payable | 47/48 | €4,128 | €1,747 | -€2,381 | -57.7% |
| Accrued charges and deferred income | 492/3 | €45 | - | -€45 | |
| Non-recurring operating income | 76A | €864 | - | -€864 | |
| Remuneration, social security and pensions | 62 | €1,520 | €1,520 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €503 | -€344 | -40.7% |
| Other operating charges | 640/8 | €712 | €711 | -€1 | -0.2% |
| Gross operating margin | 9900 | €32,487 | €24,879 | -€7,609 | -23.4% |
| Operating profit (loss) | 9901 | €29,409 | €22,145 | -€7,263 | -24.7% |
| Financial charges | 65/66B | €420 | €176 | -€244 | -58.2% |
| Recurring financial charges | 65 | €420 | €176 | -€244 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €28,989 | €21,970 | -€7,019 | -24.2% |
| Income taxes | 67/77 | €7,439 | €7,840 | +€401 | +5.4% |
| Profit (loss) for the period | 9904 | €21,549 | €14,130 | -€7,420 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,549 | €14,130 | -€7,420 | -34.4% |
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 1 October 2026 via checked.be.