NENACOM: 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.
NENACOM
Largest movements
- Tangible fixed assets -€2,655
down €2,655 (-3.3%), from €79,488 to €76,832
of which Land and buildings: -€2,519
- Receivables within one year -€1,595
down €1,595 (-58.8%), from €2,711 to €1,116
- Debts after one year -€5,828
down €5,828 (-14.5%), from €40,228 to €34,400
- Profit (loss) carried forward +€1,894
up €1,894 (+17.5%), from €10,831 to €12,725
- Gross operating margin +€5,388
up €5,388 (+416%), from €1,296 to €6,683
- Other operating charges +€443
up €443 (+70.2%), from €631 to €1,074
- Financial charges -€114
down €114 (-9.7%), from €1,175 to €1,060
- Depreciation -€114
down €114 (-4.1%), from €2,769 to €2,655
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 | €83,464 | €79,802 | -€3,662 | -4.4% |
| Fixed assets | 21/28 | €79,488 | €76,832 | -€2,655 | -3.3% |
| Tangible fixed assets | 22/27 | €79,488 | €76,832 | -€2,655 | -3.3% |
| Land and buildings | 22 | €79,352 | €76,832 | -€2,519 | -3.2% |
| Furniture and vehicles | 24 | €136 | - | -€136 | |
| Current assets | 29/58 | €3,976 | €2,969 | -€1,007 | -25.3% |
| Amounts receivable within one year | 40/41 | €2,711 | €1,116 | -€1,595 | -58.8% |
| Trade receivables | 40 | €2,711 | €1,116 | -€1,595 | -58.8% |
| Cash at bank and in hand | 54/58 | €1,265 | €1,853 | +€588 | +46.5% |
| Total equity and liabilities | 10/49 | €83,464 | €79,802 | -€3,662 | -4.4% |
| Equity | 10/15 | €27,591 | €29,485 | +€1,894 | +6.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,360 | €4,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,831 | €12,725 | +€1,894 | +17.5% |
| Amounts payable | 17/49 | €55,873 | €50,317 | -€5,556 | -9.9% |
| Amounts payable after more than one year | 17 | €40,228 | €34,400 | -€5,828 | -14.5% |
| Financial debts | 170/4 | €40,228 | €34,400 | -€5,828 | -14.5% |
| Amounts payable within one year | 42/48 | €15,644 | €15,916 | +€272 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €5,703 | €5,828 | +€124 | +2.2% |
| Trade debts | 44 | €387 | €90 | -€297 | -76.8% |
| Suppliers | 440/4 | €387 | €90 | -€297 | -76.8% |
| Taxes, remuneration and social security | 45 | €105 | €122 | +€17 | +16.1% |
| Taxes | 450/3 | €105 | €122 | +€17 | +16.1% |
| Other amounts payable | 47/48 | €9,450 | €9,877 | +€427 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,769 | €2,655 | -€114 | -4.1% |
| Other operating charges | 640/8 | €631 | €1,074 | +€443 | +70.2% |
| Gross operating margin | 9900 | €1,296 | €6,683 | +€5,388 | +416% |
| Operating profit (loss) | 9901 | -€2,104 | €2,954 | +€5,058 | |
| Financial charges | 65/66B | €1,175 | €1,060 | -€114 | -9.7% |
| Recurring financial charges | 65 | €1,175 | €1,060 | -€114 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,279 | €1,894 | +€5,172 | |
| Profit (loss) for the period | 9904 | -€3,279 | €1,894 | +€5,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,279 | €1,894 | +€5,172 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.