NAUSICAA: what changed
Two financial 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.
NAUSICAA
Largest movements
- Receivables within one year -€12,344
down €12,344 (-41.4%), from €29,782 to €17,437
of which Trade receivables: -€12,234
- Deferred charges and accrued income +€4,425
up €4,425 (+121%), from €3,671 to €8,096
- Cash +€4,363
up €4,363 (+3.6%), from €122,715 to €127,078
mainly Net result for the year (+€18,791) and Receivables within one year (+€12,344)
- Tangible fixed assets +€2,382
up €2,382 (+38.8%), from €6,135 to €8,516
of which Plant, machinery and equipment: +€6,443
- Trade debts -€21,158
down €21,158 (-27.4%), from €77,228 to €56,070
- Profit (loss) carried forward +€18,791
up €18,791 (+24.2%), from €77,614 to €96,405
- Gross operating margin +€81,901
up €81,901 (+90.0%), from €91,014 to €172,915
- Other operating charges -€59,120
down €59,120 (-86.8%), from €68,081 to €8,962
- Staff costs -€21,962
down €21,962 (-13.7%), from €160,859 to €138,896
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.
Derived cash bridge
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 | €163,116 | €161,128 | -€1,988 | -1.2% |
| Fixed assets | 21/28 | €6,135 | €8,516 | +€2,382 | +38.8% |
| Tangible fixed assets | 22/27 | €6,135 | €8,516 | +€2,382 | +38.8% |
| Plant, machinery and equipment | 23 | €2,073 | €8,516 | +€6,443 | +311% |
| Furniture and vehicles | 24 | €4,061 | - | -€4,061 | |
| Current assets | 29/58 | €156,981 | €152,612 | -€4,369 | -2.8% |
| Stocks and contracts in progress | 3 | €813 | €0 | -€813 | -100% |
| Stocks | 30/36 | €813 | €0 | -€813 | -100% |
| Amounts receivable within one year | 40/41 | €29,782 | €17,437 | -€12,344 | -41.4% |
| Trade receivables | 40 | €29,672 | €17,437 | -€12,234 | -41.2% |
| Other amounts receivable | 41 | €110 | €0 | -€110 | -100% |
| Cash at bank and in hand | 54/58 | €122,715 | €127,078 | +€4,363 | +3.6% |
| Deferred charges and accrued income | 490/1 | €3,671 | €8,096 | +€4,425 | +121% |
| Total equity and liabilities | 10/49 | €163,116 | €161,128 | -€1,988 | -1.2% |
| Equity | 10/15 | €77,614 | €96,405 | +€18,791 | +24.2% |
| Profit (loss) carried forward | 14 | €77,614 | €96,405 | +€18,791 | +24.2% |
| Amounts payable | 17/49 | €85,502 | €64,723 | -€20,779 | -24.3% |
| Amounts payable within one year | 42/48 | €85,502 | €64,723 | -€20,779 | -24.3% |
| Trade debts | 44 | €77,228 | €56,070 | -€21,158 | -27.4% |
| Suppliers | 440/4 | €77,228 | €56,070 | -€21,158 | -27.4% |
| Taxes, remuneration and social security | 45 | €8,274 | €8,653 | +€379 | +4.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €8,274 | €8,653 | +€379 | +4.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €160,859 | €138,896 | -€21,962 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,416 | €6,118 | +€703 | +13.0% |
| Other operating charges | 640/8 | €68,081 | €8,962 | -€59,120 | -86.8% |
| Gross operating margin | 9900 | €91,014 | €172,915 | +€81,901 | +90.0% |
| Operating profit (loss) | 9901 | -€143,342 | €18,938 | +€162,280 | |
| Financial charges | 65/66B | €1,371 | €146 | -€1,224 | -89.3% |
| Recurring financial charges | 65 | €1,371 | €146 | -€1,224 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | -€144,713 | €18,791 | +€163,504 | |
| Profit (loss) for the period | 9904 | -€144,713 | €18,791 | +€163,504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€144,713 | €18,791 | +€163,504 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.