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
- Cash +€29,697
up €29,697 (+84.2%), from €35,252 to €64,948
mainly Net result for the year (+€18,602) and Trade debts (+€17,755)
- Receivables within one year +€22,589
up €22,589 (+60.0%), from €37,678 to €60,267
of which Trade receivables: +€11,820
- Tangible fixed assets -€10,360
down €10,360 (-59.4%), from €17,439 to €7,080
of which Furniture and vehicles: -€10,224
- Reserves +€18,602
up €18,602 (+23.7%), from €78,483 to €97,085
of which Distributable reserves: +€18,602
- Trade debts +€17,755
up €17,755 (+10617.2%), from €167 to €17,922
- Tax, wage and social debts +€5,771
up €5,771 (+114.3%), from €5,050 to €10,821
of which Taxes: +€5,757
- Gross operating margin +€17,429
up €17,429 (+155.5%), from €11,207 to €28,636
- Taxes +€6,502
up €6,502 (+877.2%), from €741 to €7,243
- Depreciation -€4,102
down €4,102 (-78.1%), from €5,256 to €1,153
- Other operating charges -€1,314
down €1,314 (-79.7%), from €1,648 to €334
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 | €90,483 | €132,478 | +€41,995 | +46.4% |
| Fixed assets | 21/28 | €17,439 | €7,080 | -€10,360 | -59.4% |
| Tangible fixed assets | 22/27 | €17,439 | €7,080 | -€10,360 | -59.4% |
| Land and buildings | 22 | €744 | €609 | -€135 | -18.2% |
| Furniture and vehicles | 24 | €16,696 | €6,471 | -€10,224 | -61.2% |
| Current assets | 29/58 | €73,044 | €125,398 | +€52,355 | +71.7% |
| Amounts receivable within one year | 40/41 | €37,678 | €60,267 | +€22,589 | +60.0% |
| Trade receivables | 40 | €35,937 | €47,757 | +€11,820 | +32.9% |
| Other amounts receivable | 41 | €1,741 | €12,510 | +€10,769 | +618.7% |
| Cash at bank and in hand | 54/58 | €35,252 | €64,948 | +€29,697 | +84.2% |
| Deferred charges and accrued income | 490/1 | €114 | €183 | +€69 | +60.2% |
| Total equity and liabilities | 10/49 | €90,483 | €132,478 | +€41,995 | +46.4% |
| Equity | 10/15 | €84,683 | €103,285 | +€18,602 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,483 | €97,085 | +€18,602 | +23.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €76,623 | €95,225 | +€18,602 | +24.3% |
| Amounts payable | 17/49 | €5,800 | €29,194 | +€23,393 | +403.3% |
| Amounts payable within one year | 42/48 | €5,350 | €28,744 | +€23,393 | +437.2% |
| Trade debts | 44 | €167 | €17,922 | +€17,755 | +10617.2% |
| Suppliers | 440/4 | €167 | €17,922 | +€17,755 | +10617.2% |
| Taxes, remuneration and social security | 45 | €5,050 | €10,821 | +€5,771 | +114.3% |
| Taxes | 450/3 | €2,953 | €8,710 | +€5,757 | +195.0% |
| Remuneration and social security | 454/9 | €2,097 | €2,112 | +€14 | +0.7% |
| Other amounts payable | 47/48 | €133 | €0 | -€133 | -100.0% |
| Accrued charges and deferred income | 492/3 | €450 | €450 | = | 0.0% |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,256 | €1,153 | -€4,102 | -78.1% |
| Other operating charges | 640/8 | €1,648 | €334 | -€1,314 | -79.7% |
| Non-recurring operating charges | 66A | - | €1,119 | +€1,119 | |
| Gross operating margin | 9900 | €11,207 | €28,636 | +€17,429 | +155.5% |
| Operating profit (loss) | 9901 | €4,304 | €26,030 | +€21,726 | +504.8% |
| Financial income | 75/76B | €17 | €25 | +€8 | +45.0% |
| Recurring financial income | 75 | €17 | €25 | +€8 | +45.0% |
| Financial charges | 65/66B | €222 | €210 | -€12 | -5.4% |
| Recurring financial charges | 65 | €222 | €210 | -€12 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €4,099 | €25,845 | +€21,746 | +530.5% |
| Income taxes | 67/77 | €741 | €7,243 | +€6,502 | +877.2% |
| Profit (loss) for the period | 9904 | €3,358 | €18,602 | +€15,244 | +454.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,358 | €18,602 | +€15,244 | +454.0% |
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 7 October 2026 via checked.be.