NASHOBA: 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.
NASHOBA
Largest movements
- Current assets +€397,197
up €397,197 (+435.4%), from €91,232 to €488,429
of which Receivables within one year: +€390,130
- Financial fixed assets +€89,600
up €89,600 (+43.7%), from €205,000 to €294,600
- Tangible fixed assets -€33,431
down €33,431 (-9.6%), from €346,593 to €313,162
- Reserves +€408,700
up €408,700 (+170.0%), from €240,360 to €649,060
of which Distributable reserves: +€563,000
- Debts +€43,776
up €43,776 (+11.3%), from €389,005 to €432,781
of which Debts after one year: +€86,084
- Gross operating margin +€77,752
up €77,752 (+37.2%), from €208,916 to €286,668
- Staff costs +€34,383
new in 2024: €34,383
- Taxes +€26,113
up €26,113 (+56.5%), from €46,237 to €72,350
- Depreciation +€10,644
up €10,644 (+35.1%), from €30,325 to €40,969
- Other operating charges +€4,643
new in 2024: €4,643
From the 2019 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,825 | €1,096,191 | +€453,366 | +70.5% |
| Fixed assets | 21/28 | €551,593 | €607,762 | +€56,169 | +10.2% |
| Tangible fixed assets | 22/27 | €346,593 | €313,162 | -€33,431 | -9.6% |
| Land and buildings | 22 | - | €246,639 | +€246,639 | |
| Plant, machinery and equipment | 23 | - | €1,423 | +€1,423 | |
| Furniture and vehicles | 24 | - | €56,646 | +€56,646 | |
| Other tangible fixed assets | 26 | - | €8,454 | +€8,454 | |
| Financial fixed assets | 28 | €205,000 | €294,600 | +€89,600 | +43.7% |
| Current assets | 29/58 | €91,232 | €488,429 | +€397,197 | +435.4% |
| Amounts receivable within one year | 40/41 | €560 | €390,690 | +€390,130 | +69666.1% |
| Trade receivables | 40 | - | €107,690 | +€107,690 | |
| Other amounts receivable | 41 | - | €283,000 | +€283,000 | |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €28,272 | €97,739 | +€69,467 | +245.7% |
| Total equity and liabilities | 10/49 | €642,825 | €1,096,191 | +€453,366 | +70.5% |
| Equity | 10/15 | €253,820 | €663,410 | +€409,590 | +161.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €240,360 | €649,060 | +€408,700 | +170.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | - | €563,000 | +€563,000 | |
| Profit (loss) carried forward | 14 | €1,060 | €1,950 | +€890 | +84.0% |
| Amounts payable | 17/49 | €389,005 | €432,781 | +€43,776 | +11.3% |
| Amounts payable after more than one year | 17 | €218,739 | €304,823 | +€86,084 | +39.4% |
| Financial debts | 170/4 | - | €303,283 | +€303,283 | |
| Other amounts payable | 178/9 | - | €1,540 | +€1,540 | |
| Amounts payable within one year | 42/48 | €169,456 | €127,958 | -€41,498 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | - | €19,233 | +€19,233 | |
| Trade debts | 44 | €566 | €957 | +€391 | +69.1% |
| Suppliers | 440/4 | - | €957 | +€957 | |
| Taxes, remuneration and social security | 45 | - | €94,960 | +€94,960 | |
| Taxes | 450/3 | - | €84,139 | +€84,139 | |
| Remuneration and social security | 454/9 | - | €10,821 | +€10,821 | |
| Other amounts payable | 47/48 | - | €12,808 | +€12,808 | |
| Remuneration, social security and pensions | 62 | - | €34,383 | +€34,383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,325 | €40,969 | +€10,644 | +35.1% |
| Other operating charges | 640/8 | - | €4,643 | +€4,643 | |
| Gross operating margin | 9900 | €208,916 | €286,668 | +€77,752 | +37.2% |
| Operating profit (loss) | 9901 | €146,691 | €206,673 | +€59,982 | +40.9% |
| Financial income | 75/76B | - | €1,141 | +€1,141 | |
| Recurring financial income | 75 | €1,528 | €1,141 | -€387 | -25.3% |
| Financial charges | 65/66B | - | €3,603 | +€3,603 | |
| Recurring financial charges | 65 | €6,327 | €3,603 | -€2,724 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €141,892 | €204,211 | +€62,319 | +43.9% |
| Income taxes | 67/77 | €46,237 | €72,350 | +€26,113 | +56.5% |
| Profit (loss) for the period | 9904 | €95,655 | €131,861 | +€36,206 | +37.9% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,655 | €216,061 | +€120,406 | +125.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.