NISO VAST: 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.
NISO VAST
Largest movements
- Receivables after one year -€73,000
no longer reported in 2026 (was €73,000)
- Cash -€8,971
down €8,971 (-14.6%), from €61,617 to €52,646
mainly Contributions, distributions and other (-€305,100) and Tax, wage and social debts (-€6,397)
- Tangible fixed assets -€8,931
down €8,931 (-15.5%), from €57,669 to €48,739
of which Land and buildings: -€6,969
- Reserves -€305,100
down €305,100 (-91.8%), from €332,344 to €27,244
- Other debts +€217,107
up €217,107 (+1,565%), from €13,870 to €230,977
- Tax, wage and social debts -€6,397
down €6,397 (-62.9%), from €10,164 to €3,767
- Gross operating margin -€28,906
down €28,906 (-58.0%), from €49,843 to €20,938
- Taxes -€7,048
down €7,048 (-64.7%), from €10,896 to €3,848
- Depreciation -€1,698
down €1,698 (-16.0%), from €10,629 to €8,931
- Other operating charges +€614
up €614 (+13.7%), from €4,464 to €5,078
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,942 | €271,724 | -€91,218 | -25.1% |
| Fixed assets | 21/28 | €57,669 | €48,739 | -€8,931 | -15.5% |
| Tangible fixed assets | 22/27 | €57,669 | €48,739 | -€8,931 | -15.5% |
| Land and buildings | 22 | €55,505 | €48,536 | -€6,969 | -12.6% |
| Plant, machinery and equipment | 23 | €384 | €203 | -€181 | -47.2% |
| Furniture and vehicles | 24 | €1,780 | - | -€1,780 | |
| Current assets | 29/58 | €305,273 | €222,985 | -€82,288 | -27.0% |
| Amounts receivable after more than one year | 29 | €73,000 | - | -€73,000 | |
| Other amounts receivable | 291 | €73,000 | - | -€73,000 | |
| Current investments | 50/53 | €166,429 | €166,429 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,617 | €52,646 | -€8,971 | -14.6% |
| Deferred charges and accrued income | 490/1 | €4,227 | €3,910 | -€317 | -7.5% |
| Total equity and liabilities | 10/49 | €362,942 | €271,724 | -€91,218 | -25.1% |
| Equity | 10/15 | €338,546 | €36,641 | -€301,906 | -89.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €332,344 | €27,244 | -€305,100 | -91.8% |
| Distributable reserves | 133 | €332,344 | €27,244 | -€305,100 | -91.8% |
| Profit (loss) carried forward | 14 | €5 | €3,199 | +€3,194 | +67,108% |
| Amounts payable | 17/49 | €24,396 | €235,083 | +€210,687 | +864% |
| Amounts payable within one year | 42/48 | €24,396 | €235,083 | +€210,687 | +864% |
| Trade debts | 44 | €361 | €339 | -€23 | -6.2% |
| Suppliers | 440/4 | €361 | €339 | -€23 | -6.2% |
| Taxes, remuneration and social security | 45 | €10,164 | €3,767 | -€6,397 | -62.9% |
| Taxes | 450/3 | €10,164 | €3,767 | -€6,397 | -62.9% |
| Other amounts payable | 47/48 | €13,870 | €230,977 | +€217,107 | +1,565% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,629 | €8,931 | -€1,698 | -16.0% |
| Other operating charges | 640/8 | €4,464 | €5,078 | +€614 | +13.7% |
| Gross operating margin | 9900 | €49,843 | €20,938 | -€28,906 | -58.0% |
| Operating profit (loss) | 9901 | €34,750 | €6,929 | -€27,821 | -80.1% |
| Financial income | 75/76B | €187 | €281 | +€95 | +50.8% |
| Recurring financial income | 75 | €187 | €281 | +€95 | +50.8% |
| Financial charges | 65/66B | €236 | €168 | -€68 | -29.0% |
| Recurring financial charges | 65 | €236 | €168 | -€68 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €34,701 | €7,043 | -€27,658 | -79.7% |
| Income taxes | 67/77 | €10,896 | €3,848 | -€7,048 | -64.7% |
| Profit (loss) for the period | 9904 | €23,805 | €3,194 | -€20,610 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,805 | €3,194 | -€20,610 | -86.6% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.