NASEAN: 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.
What changed
NASEAN
NACE 96.301, Funeral services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€87,308
2024 · €1,463+€85,845
Equity
€1.5m
2024 · €1.4m+€87,308
Cash
€207,486
2024 · €79,143+€128,343
Balance sheet total
€3.0m
2024 · €2.4m+€643,621
Largest movements
Assets
- Tangible fixed assets +€484,683
up €484,683 (+31.5%), from €1.5m to €2.0m
of which Assets under construction and advance payments: +€607,750
- Cash +€128,343
up €128,343 (+162.2%), from €79,143 to €207,486
mainly Trade debts (+€450,468) and Depreciation (+€125,803)
- Receivables within one year +€35,704
up €35,704 (+40.0%), from €89,359 to €125,063
of which Other amounts receivable: +€76,319
Equity and liabilities
- Trade debts +€450,468
up €450,468 (+1679.6%), from €26,820 to €477,288
- Profit (loss) carried forward +€87,308
up €87,308 (+30.3%), from €288,315 to €375,623
- Debts after one year +€63,117
up €63,117 (+7.5%), from €842,234 to €905,351
of which Financial debts: +€76,101
Income statement
- Turnover +€669,701
new in 2025: €669,701
- Services and other goods +€310,417
new in 2025: €310,417
- Gross operating margin -€211,153
no longer reported in 2025 (was €211,153)
- Goods and materials +€114,941
new in 2025: €114,941
- Other operating income +€109,864
new in 2025: €109,864
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.
Result 2024
€1,463
Turnover
+€669,701
Other operating income
+€109,864
Goods and materials
-€114,941
Services and other goods
-€310,417
Depreciation
-€902
Other operating charges
+€5,394
Other operating items
-€231,379
Financial income
-€88
Financial charges
+€3,424
Taxes
-€44,810
Result 2025
€87,308
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.
From operations
+€649,435
Investment
-€610,486
Financing
+€89,394
Cash 2024
€79,143
From operations (derived)
+€649,435
Net result for the year
+€87,308
Depreciation
+€125,803
Receivables within one year
-€35,704
Deferred charges and accrued income
+€5,110
Trade debts
+€450,468
Tax, wage and social debts
+€17,037
Accrued charges and deferred income
-€586
Investment (derived)
-€610,486
Investment in fixed assets (net)
-€610,486
Financing
+€89,394
Debts after one year
+€63,117
Current portion of long-term debt
+€26,277
Cash 2025
€207,486
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,381,400 | €3,025,021 | +€643,621 | +27.0% |
| Fixed assets | 21/28 | €2,187,050 | €2,671,733 | +€484,683 | +22.2% |
| Tangible fixed assets | 22/27 | €1,539,550 | €2,024,233 | +€484,683 | +31.5% |
| Land and buildings | 22 | €1,520,003 | €1,404,708 | -€115,295 | -7.6% |
| Plant, machinery and equipment | 23 | €4,930 | €2,241 | -€2,689 | -54.5% |
| Furniture and vehicles | 24 | €14,617 | €9,534 | -€5,083 | -34.8% |
| Assets under construction and advance payments | 27 | - | €607,750 | +€607,750 | |
| Financial fixed assets | 28 | €647,500 | €647,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €647,500 | +€647,500 | |
| Shares | 284 | - | €647,500 | +€647,500 | |
| Current assets | 29/58 | €194,350 | €353,288 | +€158,938 | +81.8% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €89,359 | €125,063 | +€35,704 | +40.0% |
| Trade receivables | 40 | €73,043 | €32,429 | -€40,615 | -55.6% |
| Other amounts receivable | 41 | €16,316 | €92,634 | +€76,319 | +467.8% |
| Cash at bank and in hand | 54/58 | €79,143 | €207,486 | +€128,343 | +162.2% |
| Deferred charges and accrued income | 490/1 | €25,848 | €20,739 | -€5,110 | -19.8% |
| Total equity and liabilities | 10/49 | €2,381,400 | €3,025,021 | +€643,621 | +27.0% |
| Equity | 10/15 | €1,368,380 | €1,455,688 | +€87,308 | +6.4% |
| Contributions | 10/11 | €1,026,205 | €1,026,205 | = | 0.0% |
| Reserves | 13 | €53,860 | €53,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,860 | €53,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €53,860 | €53,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €288,315 | €375,623 | +€87,308 | +30.3% |
| Amounts payable | 17/49 | €1,013,021 | €1,569,333 | +€556,313 | +54.9% |
| Amounts payable after more than one year | 17 | €842,234 | €905,351 | +€63,117 | +7.5% |
| Financial debts | 170/4 | €557,831 | €633,931 | +€76,101 | +13.6% |
| Credit institutions | 173 | - | €633,931 | +€633,931 | |
| Other amounts payable | 178/9 | €284,403 | €271,420 | -€12,984 | -4.6% |
| Amounts payable within one year | 42/48 | €162,909 | €656,691 | +€493,782 | +303.1% |
| Current portion of amounts payable after more than one year | 42 | €95,720 | €121,997 | +€26,277 | +27.5% |
| Trade debts | 44 | €26,820 | €477,288 | +€450,468 | +1679.6% |
| Suppliers | 440/4 | €26,820 | €477,288 | +€450,468 | +1679.6% |
| Taxes, remuneration and social security | 45 | €40,370 | €57,406 | +€17,037 | +42.2% |
| Taxes | 450/3 | €36,120 | €53,156 | +€17,037 | +47.2% |
| Remuneration and social security | 454/9 | €4,250 | €4,250 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,877 | €7,291 | -€586 | -7.4% |
| Operating income | 70/76A | - | €779,565 | +€779,565 | |
| Turnover | 70 | - | €669,701 | +€669,701 | |
| Other operating income | 74 | - | €109,864 | +€109,864 | |
| Operating charges | 60/66A | - | €581,736 | +€581,736 | |
| Goods for resale, raw materials and consumables | 60 | - | €114,941 | +€114,941 | |
| Purchases | 600/8 | - | €114,941 | +€114,941 | |
| Services and other goods | 61 | - | €310,417 | +€310,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,901 | €125,803 | +€902 | +0.7% |
| Other operating charges | 640/8 | €15,004 | €9,610 | -€5,394 | -35.9% |
| Non-recurring operating charges | 66A | €739 | €20,965 | +€20,226 | +2735.3% |
| Gross operating margin | 9900 | €211,153 | - | -€211,153 | |
| Operating profit (loss) | 9901 | €70,509 | €197,829 | +€127,320 | +180.6% |
| Financial income | 75/76B | €89 | €0 | -€88 | -99.7% |
| Recurring financial income | 75 | €89 | €0 | -€88 | -99.7% |
| Income from current assets | 751 | - | €0 | = | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €28,838 | €25,414 | -€3,424 | -11.9% |
| Recurring financial charges | 65 | €28,838 | €25,414 | -€3,424 | -11.9% |
| Debt charges | 650 | - | €24,063 | +€24,063 | |
| Other financial charges | 652/9 | - | €1,351 | +€1,351 | |
| Profit (loss) for the period before taxes | 9903 | €41,760 | €172,415 | +€130,655 | +312.9% |
| Income taxes | 67/77 | €40,297 | €85,107 | +€44,810 | +111.2% |
| Taxes | 670/3 | - | €85,107 | +€85,107 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €1,463 | €87,308 | +€85,845 | +5866.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,463 | €87,308 | +€85,845 | +5866.2% |
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.