Nasman: 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.
Nasman
Largest movements
- Cash +€565,949
up €565,949 (+1579.2%), from €35,838 to €601,787
mainly Current investments (+€500,000) and Net result for the year (+€85,515)
- Current investments -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Receivables within one year +€16,594
up €16,594 (+161.5%), from €10,276 to €26,870
- Tangible fixed assets -€16,152
down €16,152 (-33.0%), from €48,916 to €32,764
- Reserves +€85,515
up €85,515 (+16.0%), from €535,350 to €620,865
- Debts after one year -€14,424
down €14,424 (-100.0%), from €14,424 to €0
- Other debts -€7,957
down €7,957 (-100.0%), from €7,957 to €0
- Financial income -€8,132
down €8,132 (-78.8%), from €10,323 to €2,191
- Gross operating margin +€3,212
up €3,212 (+2.3%), from €139,181 to €142,393
- Taxes -€2,838
down €2,838 (-6.6%), from €43,077 to €40,239
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 | €598,031 | €661,421 | +€63,389 | +10.6% |
| Fixed assets | 21/28 | €48,916 | €32,764 | -€16,152 | -33.0% |
| Tangible fixed assets | 22/27 | €48,916 | €32,764 | -€16,152 | -33.0% |
| Furniture and vehicles | 24 | €48,916 | €32,764 | -€16,152 | -33.0% |
| Current assets | 29/58 | €549,116 | €628,657 | +€79,541 | +14.5% |
| Amounts receivable within one year | 40/41 | €10,276 | €26,870 | +€16,594 | +161.5% |
| Other amounts receivable | 41 | €10,276 | €26,870 | +€16,594 | +161.5% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €35,838 | €601,787 | +€565,949 | +1579.2% |
| Deferred charges and accrued income | 490/1 | €3,002 | €0 | -€3,002 | -100.0% |
| Total equity and liabilities | 10/49 | €598,031 | €661,421 | +€63,389 | +10.6% |
| Equity | 10/15 | €553,950 | €639,465 | +€85,515 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €535,350 | €620,865 | +€85,515 | +16.0% |
| Distributable reserves | 133 | €535,350 | €620,865 | +€85,515 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €44,082 | €21,956 | -€22,126 | -50.2% |
| Amounts payable after more than one year | 17 | €14,424 | €0 | -€14,424 | -100.0% |
| Financial debts | 170/4 | €14,424 | €0 | -€14,424 | -100.0% |
| Amounts payable within one year | 42/48 | €29,658 | €21,956 | -€7,702 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €15,048 | €14,424 | -€624 | -4.1% |
| Trade debts | 44 | €2,220 | €854 | -€1,366 | -61.5% |
| Suppliers | 440/4 | €2,220 | €854 | -€1,366 | -61.5% |
| Taxes, remuneration and social security | 45 | €4,432 | €6,678 | +€2,246 | +50.7% |
| Taxes | 450/3 | €4,432 | €6,678 | +€2,246 | +50.7% |
| Other amounts payable | 47/48 | €7,957 | €0 | -€7,957 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,328 | €16,152 | +€824 | +5.4% |
| Other operating charges | 640/8 | €1,150 | €1,330 | +€180 | +15.7% |
| Gross operating margin | 9900 | €139,181 | €142,393 | +€3,212 | +2.3% |
| Operating profit (loss) | 9901 | €122,703 | €124,910 | +€2,207 | +1.8% |
| Financial income | 75/76B | €10,323 | €2,191 | -€8,132 | -78.8% |
| Recurring financial income | 75 | €10,323 | €2,191 | -€8,132 | -78.8% |
| Financial charges | 65/66B | €2,004 | €1,347 | -€657 | -32.8% |
| Recurring financial charges | 65 | €2,004 | €1,347 | -€657 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €131,022 | €125,754 | -€5,268 | -4.0% |
| Income taxes | 67/77 | €43,077 | €40,239 | -€2,838 | -6.6% |
| Profit (loss) for the period | 9904 | €87,945 | €85,515 | -€2,430 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,945 | €85,515 | -€2,430 | -2.8% |
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 30 September 2026 via checked.be.