NASTARAN: 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.
NASTARAN
Largest movements
- Cash -€2,806
down €2,806 (-5.4%), from €51,945 to €49,139
mainly Tax, wage and social debts (-€14,720) and Receivables within one year (-€391)
- Tax, wage and social debts -€14,720
down €14,720 (-44.2%), from €33,336 to €18,615
of which Taxes: -€16,407
- Trade debts +€11,319
up €11,319 (+273.3%), from €4,142 to €15,462
- Reserves +€986
up €986 (+2.7%), from €36,906 to €37,891
of which Distributable reserves: +€986
- Gross operating margin -€30,046
down €30,046 (-72.5%), from €41,437 to €11,391
- Taxes -€9,394
down €9,394 (-71.1%), from €13,209 to €3,816
- Depreciation -€7,138
no longer reported in 2025 (was €7,138)
- Staff costs +€1,146
new in 2025: €1,146
- Other operating charges +€1,007
up €1,007 (+23.7%), from €4,253 to €5,260
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 | €93,800 | €91,384 | -€2,416 | -2.6% |
| Fixed assets | 21/28 | €22,197 | €22,197 | = | 0.0% |
| Tangible fixed assets | 22/27 | €22,197 | €22,197 | = | 0.0% |
| Furniture and vehicles | 24 | €22,197 | €22,197 | = | 0.0% |
| Current assets | 29/58 | €71,602 | €69,187 | -€2,416 | -3.4% |
| Stocks and contracts in progress | 3 | €16,103 | €16,103 | = | 0.0% |
| Stocks | 30/36 | €16,103 | €16,103 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,420 | €3,811 | +€391 | +11.4% |
| Trade receivables | 40 | €3,420 | €3,811 | +€391 | +11.4% |
| Cash at bank and in hand | 54/58 | €51,945 | €49,139 | -€2,806 | -5.4% |
| Deferred charges and accrued income | 490/1 | €134 | €134 | = | 0.0% |
| Total equity and liabilities | 10/49 | €93,800 | €91,384 | -€2,416 | -2.6% |
| Equity | 10/15 | €55,506 | €56,491 | +€986 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,906 | €37,891 | +€986 | +2.7% |
| Non-distributable reserves | 130/1 | €696 | €696 | = | 0.0% |
| Reserves not available under the articles | 1311 | €696 | €696 | = | 0.0% |
| Distributable reserves | 133 | €36,210 | €37,196 | +€986 | +2.7% |
| Amounts payable | 17/49 | €38,294 | €34,893 | -€3,401 | -8.9% |
| Amounts payable within one year | 42/48 | €38,294 | €34,893 | -€3,401 | -8.9% |
| Trade debts | 44 | €4,142 | €15,462 | +€11,319 | +273.3% |
| Suppliers | 440/4 | €4,142 | €15,462 | +€11,319 | +273.3% |
| Taxes, remuneration and social security | 45 | €33,336 | €18,615 | -€14,720 | -44.2% |
| Taxes | 450/3 | €33,336 | €16,929 | -€16,407 | -49.2% |
| Remuneration and social security | 454/9 | - | €1,686 | +€1,686 | |
| Other amounts payable | 47/48 | €816 | €816 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €1,146 | +€1,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,138 | - | -€7,138 | |
| Other operating charges | 640/8 | €4,253 | €5,260 | +€1,007 | +23.7% |
| Gross operating margin | 9900 | €41,437 | €11,391 | -€30,046 | -72.5% |
| Operating profit (loss) | 9901 | €30,045 | €4,985 | -€25,060 | -83.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €339 | €184 | -€155 | -45.7% |
| Recurring financial charges | 65 | €339 | €184 | -€155 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €29,708 | €4,801 | -€24,907 | -83.8% |
| Income taxes | 67/77 | €13,209 | €3,816 | -€9,394 | -71.1% |
| Profit (loss) for the period | 9904 | €16,499 | €986 | -€15,514 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,499 | €986 | -€15,514 | -94.0% |
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 2 October 2026 via checked.be.