NASSAX: what changed
Two financial 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.
NASSAX
Largest movements
- Financial fixed assets +€214,412
new in 2025: €214,412
- Cash +€7,341
up €7,341 (+339%), from €2,169 to €9,509
mainly Debts after one year (+€204,710) and Current portion of long-term debt (+€9,702)
- Receivables within one year +€3,951
up €3,951 (+23.3%), from €16,940 to €20,891
of which Trade receivables: +€2,950
- Debts after one year +€204,710
new in 2025: €204,710
- Current portion of long-term debt +€9,702
new in 2025: €9,702
- Profit (loss) carried forward +€6,749
up €6,749, from -€2,001 to €4,748
- Other debts +€3,353
up €3,353 (+74.6%), from €4,494 to €7,847
- Tax, wage and social debts -€2,865
down €2,865 (-24.8%), from €11,532 to €8,666
- Gross operating margin +€6,792
up €6,792 (+108%), from €6,272 to €13,064
- Depreciation -€1,543
down €1,543 (-73.2%), from €2,109 to €566
- Other operating charges -€922
down €922 (-43.5%), from €2,118 to €1,196
- Taxes -€420
down €420 (-10.7%), from €3,939 to €3,519
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.
Derived cash bridge
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 | €22,462 | €246,326 | +€223,864 | +997% |
| Fixed assets | 21/28 | €787 | €214,633 | +€213,846 | +27,173% |
| Tangible fixed assets | 22/27 | €787 | €221 | -€566 | -71.9% |
| Furniture and vehicles | 24 | €787 | €221 | -€566 | -71.9% |
| Financial fixed assets | 28 | - | €214,412 | +€214,412 | |
| Current assets | 29/58 | €21,675 | €31,693 | +€10,018 | +46.2% |
| Amounts receivable within one year | 40/41 | €16,940 | €20,891 | +€3,951 | +23.3% |
| Trade receivables | 40 | €16,940 | €19,890 | +€2,950 | +17.4% |
| Other amounts receivable | 41 | - | €1,001 | +€1,001 | |
| Cash at bank and in hand | 54/58 | €2,169 | €9,509 | +€7,341 | +339% |
| Deferred charges and accrued income | 490/1 | €2,566 | €1,293 | -€1,273 | -49.6% |
| Total equity and liabilities | 10/49 | €22,462 | €246,326 | +€223,864 | +997% |
| Equity | 10/15 | €4,999 | €11,748 | +€6,749 | +135% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,001 | €4,748 | +€6,749 | |
| Amounts payable | 17/49 | €17,463 | €234,578 | +€217,115 | +1,243% |
| Amounts payable after more than one year | 17 | - | €204,710 | +€204,710 | |
| Other amounts payable | 178/9 | - | €204,710 | +€204,710 | |
| Amounts payable within one year | 42/48 | €17,463 | €29,868 | +€12,405 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,702 | +€9,702 | |
| Financial debts | 43 | - | €1,398 | +€1,398 | |
| Credit institutions | 430/8 | - | €1,398 | +€1,398 | |
| Trade debts | 44 | €1,437 | €2,255 | +€818 | +56.9% |
| Suppliers | 440/4 | €1,437 | €2,255 | +€818 | +56.9% |
| Taxes, remuneration and social security | 45 | €11,532 | €8,666 | -€2,865 | -24.8% |
| Taxes | 450/3 | €11,532 | €8,666 | -€2,865 | -24.8% |
| Other amounts payable | 47/48 | €4,494 | €7,847 | +€3,353 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,109 | €566 | -€1,543 | -73.2% |
| Other operating charges | 640/8 | €2,118 | €1,196 | -€922 | -43.5% |
| Gross operating margin | 9900 | €6,272 | €13,064 | +€6,792 | +108% |
| Operating profit (loss) | 9901 | €2,045 | €11,302 | +€9,257 | +453% |
| Financial income | 75/76B | €42 | €5 | -€37 | -88.2% |
| Recurring financial income | 75 | €42 | €5 | -€37 | -88.2% |
| Financial charges | 65/66B | €149 | €205 | +€56 | +37.4% |
| Recurring financial charges | 65 | €149 | €205 | +€56 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €1,938 | €11,101 | +€9,163 | +473% |
| Income taxes | 67/77 | €3,939 | €3,519 | -€420 | -10.7% |
| Profit (loss) for the period | 9904 | -€2,001 | €7,582 | +€9,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,001 | €7,582 | +€9,583 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.