NASTEC: 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.
NASTEC
Largest movements
- Receivables within one year +€100,595
up €100,595 (+31.6%), from €318,645 to €419,241
of which Trade receivables: +€74,832
- Receivables after one year -€93,656
down €93,656 (-5.3%), from €1.8m to €1.7m
- Cash -€83,247
down €83,247 (-12.4%), from €670,714 to €587,467
mainly Net result for the year (-€126,837) and Receivables within one year (-€100,595)
- Profit (loss) carried forward -€126,837
down €126,837 (-5.1%), from €2.5m to €2.4m
- Financial charges +€1.0m
up €1.0m (+3757.2%), from €27,650 to €1.1m
of which Non-recurring financial charges: +€981,583
- Financial income +€885,486
up €885,486 (+493.9%), from €179,281 to €1.1m
of which Non-recurring financial income: +€896,583
- Write-downs -€141,818
down €141,818, from €0 to -€141,818
- Other operating charges +€141,801
up €141,801 (+7777.8%), from €1,823 to €143,624
- Gross operating margin +€23,130
up €23,130 (+17.3%), from -€133,946 to -€110,816
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 | €8,300,808 | €8,180,017 | -€120,791 | -1.5% |
| Fixed assets | 21/28 | €5,259,329 | €5,251,294 | -€8,035 | -0.2% |
| Intangible fixed assets | 21 | €28,905 | €23,124 | -€5,781 | -20.0% |
| Tangible fixed assets | 22/27 | €1,078,845 | €1,076,591 | -€2,254 | -0.2% |
| Land and buildings | 22 | €1,076,304 | €1,076,304 | = | 0.0% |
| Furniture and vehicles | 24 | €2,541 | €287 | -€2,254 | -88.7% |
| Financial fixed assets | 28 | €4,151,579 | €4,151,579 | = | 0.0% |
| Current assets | 29/58 | €3,041,479 | €2,928,723 | -€112,756 | -3.7% |
| Amounts receivable after more than one year | 29 | €1,768,799 | €1,675,143 | -€93,656 | -5.3% |
| Other amounts receivable | 291 | €1,768,799 | €1,675,143 | -€93,656 | -5.3% |
| Amounts receivable within one year | 40/41 | €318,645 | €419,241 | +€100,595 | +31.6% |
| Trade receivables | 40 | €271,407 | €346,239 | +€74,832 | +27.6% |
| Other amounts receivable | 41 | €47,239 | €73,002 | +€25,763 | +54.5% |
| Current investments | 50/53 | €149,789 | €141,270 | -€8,519 | -5.7% |
| Cash at bank and in hand | 54/58 | €670,714 | €587,467 | -€83,247 | -12.4% |
| Deferred charges and accrued income | 490/1 | €133,532 | €105,603 | -€27,929 | -20.9% |
| Total equity and liabilities | 10/49 | €8,300,808 | €8,180,017 | -€120,791 | -1.5% |
| Equity | 10/15 | €7,175,971 | €7,049,135 | -€126,837 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,668,137 | €4,668,137 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,668,137 | €4,668,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,489,234 | €2,362,397 | -€126,837 | -5.1% |
| Amounts payable | 17/49 | €1,124,837 | €1,130,883 | +€6,045 | +0.5% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €865,782 | €864,946 | -€836 | -0.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €19,325 | €14,964 | -€4,361 | -22.6% |
| Suppliers | 440/4 | €19,325 | €14,964 | -€4,361 | -22.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,615 | €4,220 | +€605 | +16.7% |
| Taxes | 450/3 | €3,615 | €4,220 | +€605 | +16.7% |
| Other amounts payable | 47/48 | €842,842 | €845,762 | +€2,920 | +0.3% |
| Accrued charges and deferred income | 492/3 | €9,055 | €15,936 | +€6,882 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,194 | €8,035 | -€159 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€141,818 | -€141,818 | |
| Other operating charges | 640/8 | €1,823 | €143,624 | +€141,801 | +7777.8% |
| Gross operating margin | 9900 | -€133,946 | -€110,816 | +€23,130 | +17.3% |
| Operating profit (loss) | 9901 | -€143,963 | -€120,656 | +€23,306 | +16.2% |
| Financial income | 75/76B | €179,281 | €1,064,767 | +€885,486 | +493.9% |
| Recurring financial income | 75 | €94,281 | €83,184 | -€11,097 | -11.8% |
| Non-recurring financial income | 76B | €85,000 | €981,583 | +€896,583 | +1054.8% |
| Financial charges | 65/66B | €27,650 | €1,066,537 | +€1.0m | +3757.2% |
| Recurring financial charges | 65 | €27,650 | €84,954 | +€57,304 | +207.2% |
| Non-recurring financial charges | 66B | €0 | €981,583 | +€981,583 | |
| Profit (loss) for the period before taxes | 9903 | €7,668 | -€122,427 | -€130,095 | |
| Income taxes | 67/77 | €177 | €4,410 | +€4,233 | +2395.7% |
| Profit (loss) for the period | 9904 | €7,491 | -€126,837 | -€134,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,491 | -€126,837 | -€134,328 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.