NASYCA: 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.
What changed
NASYCA
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€930,215
2024 · €65,147+€865,068
Equity
€1.3m
2024 · €430,856+€900,822
Cash
€148,735
2024 · €112,397+€36,338
Balance sheet total
€2.1m
2024 · €880,688+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+153.5%), from €752,928 to €1.9m
of which Land and buildings: +€1.2m
- Cash +€36,338
up €36,338 (+32.3%), from €112,397 to €148,735
mainly Net result for the year (+€930,215) and Provisions (+€291,421)
Equity and liabilities
- Reserves +€900,822
up €900,822 (+369.4%), from €243,856 to €1.1m
of which Tax-exempt reserves: +€874,262
- Provisions +€291,421
new in 2025: €291,421
- Other debts +€29,798
up €29,798 (+13.4%), from €222,922 to €252,720
- Debts after one year -€23,118
down €23,118 (-15.0%), from €154,188 to €131,071
of which Financial debts: -€34,349
Income statement
- Gross operating margin +€1.2m
up €1.2m (+533.5%), from €215,830 to €1.4m
- Depreciation +€22,850
up €22,850 (+35.2%), from €64,904 to €87,753
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.
Result 2024
€65,147
Gross operating margin
+€1.2m
Depreciation
-€22,850
Other operating charges
+€9,024
Other operating items
-€1,356
Financial income
+€9,940
Financial charges
+€2,992
Taxes
+€7,345
Deferred taxes and other
-€291,421
Result 2025
€930,215
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.
From operations
+€1.3m
Investment
-€1.2m
Financing
-€52,174
Cash 2024
€112,397
From operations (derived)
+€1.3m
Net result for the year
+€930,215
Depreciation
+€87,753
Receivables within one year
-€5,188
Smaller working-capital items
-€2,107
Provisions
+€291,421
Other debts
+€29,798
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€52,174
Debts after one year
-€23,118
Current portion of long-term debt
+€337
Contributions, distributions and other
-€29,394
Cash 2025
€148,735
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €880,688 | €2,077,183 | +€1.2m | +135.9% |
| Fixed assets | 21/28 | €752,928 | €1,908,554 | +€1.2m | +153.5% |
| Tangible fixed assets | 22/27 | €752,928 | €1,908,554 | +€1.2m | +153.5% |
| Land and buildings | 22 | €651,598 | €1,825,762 | +€1.2m | +180.2% |
| Plant, machinery and equipment | 23 | €48,355 | €41,682 | -€6,673 | -13.8% |
| Furniture and vehicles | 24 | €52,974 | €41,110 | -€11,864 | -22.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €127,760 | €168,629 | +€40,869 | +32.0% |
| Amounts receivable within one year | 40/41 | €7,201 | €12,389 | +€5,188 | +72.0% |
| Trade receivables | 40 | €5,749 | €6,165 | +€415 | +7.2% |
| Other amounts receivable | 41 | €1,452 | €6,225 | +€4,773 | +328.8% |
| Cash at bank and in hand | 54/58 | €112,397 | €148,735 | +€36,338 | +32.3% |
| Deferred charges and accrued income | 490/1 | €8,162 | €7,505 | -€657 | -8.0% |
| Total equity and liabilities | 10/49 | €880,688 | €2,077,183 | +€1.2m | +135.9% |
| Equity | 10/15 | €430,856 | €1,331,677 | +€900,822 | +209.1% |
| Contributions | 10/11 | €187,000 | €187,000 | = | 0.0% |
| Capital | 10 | €187,000 | €187,000 | = | 0.0% |
| Issued capital | 100 | €187,000 | €187,000 | = | 0.0% |
| Reserves | 13 | €243,856 | €1,144,677 | +€900,822 | +369.4% |
| Non-distributable reserves | 130/1 | €18,700 | €18,700 | = | 0.0% |
| Legal reserve | 130 | €18,700 | €18,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,472 | €885,734 | +€874,262 | +7620.8% |
| Distributable reserves | 133 | €213,684 | €240,244 | +€26,560 | +12.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €291,421 | +€291,421 | |
| Deferred taxes | 168 | - | €291,421 | +€291,421 | |
| Amounts payable | 17/49 | €449,833 | €454,086 | +€4,253 | +0.9% |
| Amounts payable after more than one year | 17 | €154,188 | €131,071 | -€23,118 | -15.0% |
| Financial debts | 170/4 | €138,475 | €104,126 | -€34,349 | -24.8% |
| Other amounts payable | 178/9 | €15,713 | €26,945 | +€11,232 | +71.5% |
| Amounts payable within one year | 42/48 | €275,642 | €306,094 | +€30,452 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €34,012 | €34,349 | +€337 | +1.0% |
| Trade debts | 44 | €117 | €0 | -€117 | -100.0% |
| Suppliers | 440/4 | €117 | €0 | -€117 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,591 | €19,025 | +€434 | +2.3% |
| Taxes | 450/3 | €18,591 | €19,025 | +€434 | +2.3% |
| Other amounts payable | 47/48 | €222,922 | €252,720 | +€29,798 | +13.4% |
| Accrued charges and deferred income | 492/3 | €20,002 | €16,921 | -€3,081 | -15.4% |
| Non-recurring operating income | 76A | €14,480 | €1,204,838 | +€1.2m | +8220.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,904 | €87,753 | +€22,850 | +35.2% |
| Other operating charges | 640/8 | €30,713 | €21,689 | -€9,024 | -29.4% |
| Non-recurring operating charges | 66A | - | €1,356 | +€1,356 | |
| Gross operating margin | 9900 | €215,830 | €1,367,223 | +€1.2m | +533.5% |
| Operating profit (loss) | 9901 | €120,213 | €1,256,425 | +€1.1m | +945.2% |
| Financial income | 75/76B | €1,468 | €11,408 | +€9,940 | +677.1% |
| Recurring financial income | 75 | €1,468 | €11,408 | +€9,940 | +677.1% |
| Financial charges | 65/66B | €23,741 | €20,749 | -€2,992 | -12.6% |
| Recurring financial charges | 65 | €23,741 | €20,749 | -€2,992 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €97,940 | €1,247,084 | +€1.1m | +1173.3% |
| Transfer from deferred taxes | 780 | - | €9,789 | +€9,789 | |
| Transfer to deferred taxes | 680 | - | €301,209 | +€301,209 | |
| Income taxes | 67/77 | €32,794 | €25,448 | -€7,345 | -22.4% |
| Profit (loss) for the period | 9904 | €65,147 | €930,215 | +€865,068 | +1327.9% |
| Transfer from tax-exempt reserves | 789 | - | €29,367 | +€29,367 | |
| Transfer to tax-exempt reserves | 689 | - | €903,628 | +€903,628 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,147 | €55,954 | -€9,193 | -14.1% |
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 9 October 2026 via checked.be.