NASCOM: 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.
NASCOM
Largest movements
- Receivables within one year +€199,638
up €199,638 (+53.9%), from €370,215 to €569,853
of which Trade receivables: +€209,463
- Cash +€37,645
up €37,645 (+119.8%), from €31,415 to €69,060
mainly Tax, wage and social debts (+€101,773) and Advances received (+€97,325)
- Intangible fixed assets +€36,395
up €36,395 (+664.5%), from €5,477 to €41,872
- Tax, wage and social debts +€101,773
up €101,773 (+99.7%), from €102,107 to €203,880
of which Remuneration and social security: +€64,933
- Advances received +€97,325
up €97,325 (+165.1%), from €58,961 to €156,286
- Reserves +€77,036
up €77,036 (+47.9%), from €160,904 to €237,940
of which Distributable reserves: +€77,036
- Other debts -€20,632
down €20,632 (-100.0%), from €20,632 to €0
- Trade debts +€14,111
up €14,111 (+42.5%), from €33,173 to €47,284
- Gross operating margin +€804,392
up €804,392 (+174.0%), from €462,345 to €1.3m
- Staff costs +€731,103
up €731,103 (+185.2%), from €394,756 to €1.1m
- Taxes +€18,825
up €18,825 (+102.7%), from €18,325 to €37,149
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €442,851 | €724,273 | +€281,421 | +63.5% |
| Fixed assets | 21/28 | €34,092 | €66,604 | +€32,512 | +95.4% |
| Intangible fixed assets | 21 | €5,477 | €41,872 | +€36,395 | +664.5% |
| Tangible fixed assets | 22/27 | €19,465 | €15,582 | -€3,883 | -19.9% |
| Furniture and vehicles | 24 | €19,465 | €15,582 | -€3,883 | -19.9% |
| Financial fixed assets | 28 | €9,150 | €9,150 | = | 0.0% |
| Current assets | 29/58 | €408,759 | €657,668 | +€248,909 | +60.9% |
| Stocks and contracts in progress | 3 | €0 | €6,871 | +€6,871 | |
| Contracts in progress | 37 | €0 | €6,871 | +€6,871 | |
| Amounts receivable within one year | 40/41 | €370,215 | €569,853 | +€199,638 | +53.9% |
| Trade receivables | 40 | €208,539 | €418,002 | +€209,463 | +100.4% |
| Other amounts receivable | 41 | €161,675 | €151,851 | -€9,825 | -6.1% |
| Cash at bank and in hand | 54/58 | €31,415 | €69,060 | +€37,645 | +119.8% |
| Deferred charges and accrued income | 490/1 | €7,129 | €11,885 | +€4,755 | +66.7% |
| Total equity and liabilities | 10/49 | €442,851 | €724,273 | +€281,421 | +63.5% |
| Equity | 10/15 | €223,404 | €300,440 | +€77,036 | +34.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €160,904 | €237,940 | +€77,036 | +47.9% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €154,654 | €231,690 | +€77,036 | +49.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €219,448 | €423,833 | +€204,385 | +93.1% |
| Amounts payable within one year | 42/48 | €214,873 | €407,450 | +€192,577 | +89.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €33,173 | €47,284 | +€14,111 | +42.5% |
| Suppliers | 440/4 | €33,173 | €47,284 | +€14,111 | +42.5% |
| Advances received on contracts in progress | 46 | €58,961 | €156,286 | +€97,325 | +165.1% |
| Taxes, remuneration and social security | 45 | €102,107 | €203,880 | +€101,773 | +99.7% |
| Taxes | 450/3 | €16,781 | €53,621 | +€36,840 | +219.5% |
| Remuneration and social security | 454/9 | €85,326 | €150,260 | +€64,933 | +76.1% |
| Other amounts payable | 47/48 | €20,632 | €0 | -€20,632 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,574 | €16,383 | +€11,808 | +258.1% |
| Remuneration, social security and pensions | 62 | €394,756 | €1,125,859 | +€731,103 | +185.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,698 | €14,989 | +€8,291 | +123.8% |
| Other operating charges | 640/8 | €4,365 | €10,756 | +€6,390 | +146.4% |
| Gross operating margin | 9900 | €462,345 | €1,266,737 | +€804,392 | +174.0% |
| Operating profit (loss) | 9901 | €56,526 | €115,133 | +€58,607 | +103.7% |
| Financial income | 75/76B | €1,872 | €0 | -€1,872 | -100.0% |
| Recurring financial income | 75 | €1,872 | €0 | -€1,872 | -100.0% |
| Financial charges | 65/66B | €1,410 | €948 | -€462 | -32.8% |
| Recurring financial charges | 65 | €1,410 | €948 | -€462 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €56,989 | €114,185 | +€57,197 | +100.4% |
| Income taxes | 67/77 | €18,325 | €37,149 | +€18,825 | +102.7% |
| Profit (loss) for the period | 9904 | €38,664 | €77,036 | +€38,372 | +99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,664 | €77,036 | +€38,372 | +99.2% |
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.