NASTRA: 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.
NASTRA
Largest movements
- Receivables within one year +€26,222
up €26,222 (+62.4%), from €42,041 to €68,263
- Deferred charges and accrued income +€3,016
up €3,016 (+23.7%), from €12,752 to €15,768
- Cash -€2,570
down €2,570 (-20.3%), from €12,661 to €10,092
mainly Receivables within one year (-€26,222) and Tax, wage and social debts (-€3,445)
- Tangible fixed assets +€1,726
new in 2025: €1,726
- Reserves +€30,830
up €30,830 (+62.2%), from €49,537 to €80,368
- Tax, wage and social debts -€3,445
down €3,445 (-29.5%), from €11,690 to €8,245
- Trade debts +€1,009
up €1,009 (+444.8%), from €227 to €1,236
- Gross operating margin +€19,333
up €19,333 (+80.6%), from €23,994 to €43,327
- Taxes +€5,491
up €5,491 (+77.3%), from €7,102 to €12,593
- Financial income +€714
up €714 (+31.3%), from €2,279 to €2,993
- Financial charges -€444
down €444 (-19.6%), from €2,263 to €1,819
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 | €67,455 | €95,849 | +€28,394 | +42.1% |
| Fixed assets | 21/28 | - | €1,726 | +€1,726 | |
| Tangible fixed assets | 22/27 | - | €1,726 | +€1,726 | |
| Furniture and vehicles | 24 | - | €1,726 | +€1,726 | |
| Current assets | 29/58 | €67,455 | €94,123 | +€26,668 | +39.5% |
| Amounts receivable within one year | 40/41 | €42,041 | €68,263 | +€26,222 | +62.4% |
| Other amounts receivable | 41 | €42,041 | €68,263 | +€26,222 | +62.4% |
| Cash at bank and in hand | 54/58 | €12,661 | €10,092 | -€2,570 | -20.3% |
| Deferred charges and accrued income | 490/1 | €12,752 | €15,768 | +€3,016 | +23.7% |
| Total equity and liabilities | 10/49 | €67,455 | €95,849 | +€28,394 | +42.1% |
| Equity | 10/15 | €55,537 | €86,368 | +€30,830 | +55.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €49,537 | €80,368 | +€30,830 | +62.2% |
| Distributable reserves | 133 | €49,537 | €80,368 | +€30,830 | +62.2% |
| Amounts payable | 17/49 | €11,917 | €9,481 | -€2,436 | -20.4% |
| Amounts payable within one year | 42/48 | €11,917 | €9,481 | -€2,436 | -20.4% |
| Trade debts | 44 | €227 | €1,236 | +€1,009 | +444.8% |
| Suppliers | 440/4 | €227 | €1,236 | +€1,009 | +444.8% |
| Taxes, remuneration and social security | 45 | €11,690 | €8,245 | -€3,445 | -29.5% |
| Taxes | 450/3 | €11,690 | €8,245 | -€3,445 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €274 | +€274 | |
| Other operating charges | 640/8 | €845 | €803 | -€42 | -5.0% |
| Gross operating margin | 9900 | €23,994 | €43,327 | +€19,333 | +80.6% |
| Operating profit (loss) | 9901 | €23,148 | €42,250 | +€19,101 | +82.5% |
| Financial income | 75/76B | €2,279 | €2,993 | +€714 | +31.3% |
| Recurring financial income | 75 | €2,279 | €2,993 | +€714 | +31.3% |
| Financial charges | 65/66B | €2,263 | €1,819 | -€444 | -19.6% |
| Recurring financial charges | 65 | €2,263 | €1,819 | -€444 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €23,164 | €43,423 | +€20,259 | +87.5% |
| Income taxes | 67/77 | €7,102 | €12,593 | +€5,491 | +77.3% |
| Profit (loss) for the period | 9904 | €16,062 | €30,830 | +€14,768 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,062 | €30,830 | +€14,768 | +91.9% |
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 8 October 2026 via checked.be.