NASRI TELECOM SYSTEMS: what changed
NASRI TELECOM SYSTEMS
Largest movements
- Cash +€11,138
up €11,138 (+15.6%), from €71,320 to €82,457
mainly Net result for the year (+€12,788) and Receivables within one year (+€10,008)
- Receivables within one year -€10,008
down €10,008 (-58.7%), from €17,048 to €7,039
of which Trade receivables: -€7,994
- Tangible fixed assets +€8,553
up €8,553 (+514%), from €1,663 to €10,216
of which Furniture and vehicles: +€7,429
- Profit (loss) carried forward +€12,788
up €12,788 (+18.5%), from €69,257 to €82,045
- Current portion of long-term debt -€2,356
down €2,356 (-58.1%), from €4,057 to €1,701
- Debts after one year -€1,701
no longer reported in 2025 (was €1,701)
- Turnover -€50,988
down €50,988 (-37.8%), from €134,902 to €83,914
- Purchases and services -€34,034
down €34,034 (-35.6%), from €95,592 to €61,558
- Staff costs -€18,556
no longer reported in 2025 (was €18,556)
- Gross operating margin -€16,954
down €16,954 (-43.1%), from €39,311 to €22,356
- Depreciation +€2,788
up €2,788 (+348%), from €802 to €3,590
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,278 | €99,960 | +€9,682 | +10.7% |
| Fixed assets | 21/28 | €1,911 | €10,463 | +€8,553 | +448% |
| Tangible fixed assets | 22/27 | €1,663 | €10,216 | +€8,553 | +514% |
| Plant, machinery and equipment | 23 | - | €1,124 | +€1,124 | |
| Furniture and vehicles | 24 | €1,663 | €9,091 | +€7,429 | +447% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €88,367 | €89,497 | +€1,129 | +1.3% |
| Amounts receivable within one year | 40/41 | €17,048 | €7,039 | -€10,008 | -58.7% |
| Trade receivables | 40 | €15,033 | €7,039 | -€7,994 | -53.2% |
| Other amounts receivable | 41 | €2,015 | - | -€2,015 | |
| Cash at bank and in hand | 54/58 | €71,320 | €82,457 | +€11,138 | +15.6% |
| Total equity and liabilities | 10/49 | €90,278 | €99,960 | +€9,682 | +10.7% |
| Equity | 10/15 | €84,519 | €97,307 | +€12,788 | +15.1% |
| Contributions | 10/11 | €13,395 | €13,395 | = | 0.0% |
| Reserves | 13 | €1,868 | €1,868 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,868 | €1,868 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,868 | €1,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,257 | €82,045 | +€12,788 | +18.5% |
| Amounts payable | 17/49 | €5,758 | €2,652 | -€3,106 | -53.9% |
| Amounts payable after more than one year | 17 | €1,701 | - | -€1,701 | |
| Financial debts | 170/4 | €1,701 | - | -€1,701 | |
| Amounts payable within one year | 42/48 | €4,057 | €2,652 | -€1,405 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €4,057 | €1,701 | -€2,356 | -58.1% |
| Trade debts | 44 | - | €72 | +€72 | |
| Suppliers | 440/4 | - | €72 | +€72 | |
| Taxes, remuneration and social security | 45 | - | €880 | +€880 | |
| Taxes | 450/3 | - | €880 | +€880 | |
| Turnover | 70 | €134,902 | €83,914 | -€50,988 | -37.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €95,592 | €61,558 | -€34,034 | -35.6% |
| Remuneration, social security and pensions | 62 | €18,556 | - | -€18,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €3,590 | +€2,788 | +348% |
| Other operating charges | 640/8 | €66 | €45 | -€21 | -32.0% |
| Non-recurring operating charges | 66A | €1,244 | €638 | -€606 | -48.7% |
| Gross operating margin | 9900 | €39,311 | €22,356 | -€16,954 | -43.1% |
| Operating profit (loss) | 9901 | €18,643 | €18,083 | -€560 | -3.0% |
| Financial income | 75/76B | €0 | €68 | +€68 | +225,733% |
| Recurring financial income | 75 | €0 | €68 | +€68 | +225,733% |
| Financial charges | 65/66B | €146 | €89 | -€57 | -39.1% |
| Recurring financial charges | 65 | €146 | €89 | -€57 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €18,496 | €18,062 | -€435 | -2.3% |
| Transfer to deferred taxes | 680 | - | €5,274 | +€5,274 | |
| Profit (loss) for the period | 9904 | €18,496 | €12,788 | -€5,708 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,496 | €12,788 | -€5,708 | -30.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.