NASCOR: 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.
NASCOR
Largest movements
- Receivables within one year +€57,354
up €57,354 (+53.1%), from €107,954 to €165,308
of which Other amounts receivable: +€55,354
- Tangible fixed assets -€24,898
down €24,898 (-9.5%), from €262,960 to €238,062
of which Land and buildings: -€43,597
- Cash -€20,118
down €20,118 (-42.1%), from €47,730 to €27,613
mainly Other debts (-€82,000) and Receivables within one year (-€57,354)
- Reserves +€169,126
up €169,126 (+31.1%), from €543,786 to €712,912
of which Distributable reserves: +€169,126
- Other debts -€82,000
no longer reported in 2025 (was €82,000)
- Debts after one year -€46,061
down €46,061 (-15.6%), from €294,678 to €248,617
- Tax, wage and social debts -€36,026
down €36,026 (-68.1%), from €52,939 to €16,913
- Current portion of long-term debt +€15,833
up €15,833 (+24.9%), from €63,616 to €79,449
- Depreciation -€17,550
down €17,550 (-26.4%), from €66,439 to €48,889
- Taxes +€7,923
up €7,923 (+12.2%), from €64,975 to €72,898
- Financial income +€5,349
up €5,349 (+12.3%), from €43,575 to €48,925
- Gross operating margin +€3,909
up €3,909 (+1.6%), from €244,932 to €248,841
- Financial charges -€2,803
down €2,803 (-29.0%), from €9,655 to €6,852
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 | €1,146,809 | €1,165,935 | +€19,126 | +1.7% |
| Fixed assets | 21/28 | €263,010 | €238,112 | -€24,898 | -9.5% |
| Tangible fixed assets | 22/27 | €262,960 | €238,062 | -€24,898 | -9.5% |
| Land and buildings | 22 | €250,509 | €206,912 | -€43,597 | -17.4% |
| Furniture and vehicles | 24 | €2,790 | €21,791 | +€19,000 | +680.9% |
| Other tangible fixed assets | 26 | €9,660 | €9,359 | -€301 | -3.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €883,800 | €927,823 | +€44,024 | +5.0% |
| Amounts receivable after more than one year | 29 | €726,000 | €726,000 | = | 0.0% |
| Other amounts receivable | 291 | €726,000 | €726,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,954 | €165,308 | +€57,354 | +53.1% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €107,954 | €163,308 | +€55,354 | +51.3% |
| Cash at bank and in hand | 54/58 | €47,730 | €27,613 | -€20,118 | -42.1% |
| Deferred charges and accrued income | 490/1 | €2,116 | €8,903 | +€6,787 | +320.8% |
| Total equity and liabilities | 10/49 | €1,146,809 | €1,165,935 | +€19,126 | +1.7% |
| Equity | 10/15 | €636,786 | €805,912 | +€169,126 | +26.6% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €543,786 | €712,912 | +€169,126 | +31.1% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €534,486 | €703,612 | +€169,126 | +31.6% |
| Provisions and deferred taxes | 16 | €7,297 | €7,297 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,297 | €7,297 | = | 0.0% |
| Pensions and similar obligations | 160 | €7,297 | €7,297 | = | 0.0% |
| Amounts payable | 17/49 | €502,726 | €352,726 | -€150,000 | -29.8% |
| Amounts payable after more than one year | 17 | €294,678 | €248,617 | -€46,061 | -15.6% |
| Financial debts | 170/4 | €294,678 | €248,617 | -€46,061 | -15.6% |
| Amounts payable within one year | 42/48 | €208,048 | €104,109 | -€103,939 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €63,616 | €79,449 | +€15,833 | +24.9% |
| Trade debts | 44 | €9,493 | €7,748 | -€1,745 | -18.4% |
| Suppliers | 440/4 | €9,493 | €7,748 | -€1,745 | -18.4% |
| Taxes, remuneration and social security | 45 | €52,939 | €16,913 | -€36,026 | -68.1% |
| Taxes | 450/3 | €52,939 | €16,913 | -€36,026 | -68.1% |
| Other amounts payable | 47/48 | €82,000 | - | -€82,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,439 | €48,889 | -€17,550 | -26.4% |
| Gross operating margin | 9900 | €244,932 | €248,841 | +€3,909 | +1.6% |
| Operating profit (loss) | 9901 | €178,493 | €199,952 | +€21,459 | +12.0% |
| Financial income | 75/76B | €43,575 | €48,925 | +€5,349 | +12.3% |
| Recurring financial income | 75 | €43,575 | €48,925 | +€5,349 | +12.3% |
| Financial charges | 65/66B | €9,655 | €6,852 | -€2,803 | -29.0% |
| Recurring financial charges | 65 | €9,655 | €6,852 | -€2,803 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €212,413 | €242,024 | +€29,611 | +13.9% |
| Income taxes | 67/77 | €64,975 | €72,898 | +€7,923 | +12.2% |
| Profit (loss) for the period | 9904 | €147,438 | €169,126 | +€21,688 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €147,438 | €169,126 | +€21,688 | +14.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.