Nassen: 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.
Nassen
Largest movements
- Receivables within one year +€577,131
new in 2025: €577,131
of which Other amounts receivable: +€556,057
- Receivables after one year -€516,886
no longer reported in 2025 (was €516,886)
of which Other amounts receivable: -€510,496
- Debts after one year +€240,230
up €240,230 (+30.3%), from €792,959 to €1.0m
- Reserves -€177,862
down €177,862 (-38.4%), from €463,120 to €285,258
of which Distributable reserves: -€177,862
- Financial charges +€11,032
up €11,032 (+23422.5%), from €47 to €11,079
- Financial income +€10,091
up €10,091 (+192.7%), from €5,237 to €15,327
- Gross operating margin -€2,617
down €2,617 (-14.0%), from €18,756 to €16,139
- Taxes -€1,251
down €1,251 (-22.1%), from €5,662 to €4,411
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 | €1,319,672 | €1,382,985 | +€63,313 | +4.8% |
| Fixed assets | 21/28 | €795,049 | €796,941 | +€1,892 | +0.2% |
| Tangible fixed assets | 22/27 | €38,089 | €32,188 | -€5,901 | -15.5% |
| Furniture and vehicles | 24 | €38,089 | €32,188 | -€5,901 | -15.5% |
| Financial fixed assets | 28 | €756,960 | €764,753 | +€7,793 | +1.0% |
| Current assets | 29/58 | €524,623 | €586,044 | +€61,420 | +11.7% |
| Amounts receivable after more than one year | 29 | €516,886 | - | -€516,886 | |
| Trade receivables | 290 | €6,390 | - | -€6,390 | |
| Other amounts receivable | 291 | €510,496 | - | -€510,496 | |
| Stocks and contracts in progress | 3 | €575 | €575 | = | 0.0% |
| Stocks | 30/36 | €575 | €575 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €577,131 | +€577,131 | |
| Trade receivables | 40 | - | €21,074 | +€21,074 | |
| Other amounts receivable | 41 | - | €556,057 | +€556,057 | |
| Cash at bank and in hand | 54/58 | €7,162 | €8,338 | +€1,176 | +16.4% |
| Total equity and liabilities | 10/49 | €1,319,672 | €1,382,985 | +€63,313 | +4.8% |
| Equity | 10/15 | €525,156 | €347,294 | -€177,862 | -33.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €463,120 | €285,258 | -€177,862 | -38.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €456,920 | €279,058 | -€177,862 | -38.9% |
| Profit (loss) carried forward | 14 | €36 | €36 | +€0 | 0.0% |
| Amounts payable | 17/49 | €794,516 | €1,035,691 | +€241,175 | +30.4% |
| Amounts payable after more than one year | 17 | €792,959 | €1,033,189 | +€240,230 | +30.3% |
| Other amounts payable | 178/9 | €792,959 | €1,033,189 | +€240,230 | +30.3% |
| Amounts payable within one year | 42/48 | €1,557 | €2,502 | +€945 | +60.7% |
| Trade debts | 44 | €1,557 | €161 | -€1,396 | -89.6% |
| Suppliers | 440/4 | €1,557 | €161 | -€1,396 | -89.6% |
| Taxes, remuneration and social security | 45 | - | €2,341 | +€2,341 | |
| Taxes | 450/3 | - | €2,341 | +€2,341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,901 | €5,901 | = | 0.0% |
| Other operating charges | 640/8 | €1,155 | €1,263 | +€107 | +9.3% |
| Gross operating margin | 9900 | €18,756 | €16,139 | -€2,617 | -14.0% |
| Operating profit (loss) | 9901 | €11,700 | €8,975 | -€2,724 | -23.3% |
| Financial income | 75/76B | €5,237 | €15,327 | +€10,091 | +192.7% |
| Recurring financial income | 75 | €5,237 | €15,327 | +€10,091 | +192.7% |
| Financial charges | 65/66B | €47 | €11,079 | +€11,032 | +23422.5% |
| Recurring financial charges | 65 | €47 | €11,079 | +€11,032 | +23422.5% |
| Profit (loss) for the period before taxes | 9903 | €16,889 | €13,223 | -€3,666 | -21.7% |
| Income taxes | 67/77 | €5,662 | €4,411 | -€1,251 | -22.1% |
| Profit (loss) for the period | 9904 | €11,227 | €8,813 | -€2,414 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,227 | €8,813 | -€2,414 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.