NOSTALGIE: 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
NOSTALGIE
NACE 73.120, Media representation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €4.3m-€274,896
Equity
€7.0m
2024 · €7.0m-€8,664
Cash
€1.0m
2024 · €2.0m-€932,182
Balance sheet total
€12.9m
2024 · €13.8m-€947,588
Largest movements
Assets
- Cash -€932,182
down €932,182 (-47.5%), from €2.0m to €1.0m
mainly Contributions, distributions and other (-€4.0m) and Other debts (-€490,953)
- Receivables within one year +€158,555
up €158,555 (+2.3%), from €6.9m to €7.1m
of which Trade receivables: +€103,902
- Tangible fixed assets -€156,807
down €156,807 (-21.6%), from €725,339 to €568,532
of which Plant, machinery and equipment: -€132,572
Equity and liabilities
- Other debts -€490,953
down €490,953 (-10.9%), from €4.5m to €4.0m
- Tax, wage and social debts -€341,463
down €341,463 (-41.3%), from €827,553 to €486,090
of which Taxes: -€344,618
Income statement
- Services and other goods +€890,174
up €890,174 (+5.6%), from €15.9m to €16.7m
- Turnover +€503,481
up €503,481 (+2.2%), from €22.5m to €23.0m
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
€4.3m
Turnover
+€503,481
Other operating income
-€155,870
Services and other goods
-€890,174
Staff costs
+€143,182
Depreciation
+€18,270
Write-downs
+€10,940
Other operating charges
+€4,645
Other operating items
+€189
Financial income
-€15,504
Financial charges
+€6,895
Taxes
+€99,050
Result 2025
€4.0m
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
+€3.1m
Investment
-€42,842
Financing
-€4.0m
Cash 2024
€2.0m
From operations (derived)
+€3.1m
Net result for the year
+€4.0m
Depreciation
+€228,950
Receivables within one year
-€158,555
Deferred charges and accrued income
-€12,146
Trade debts
-€112,110
Tax, wage and social debts
-€341,463
Other debts
-€490,953
Accrued charges and deferred income
+€5,601
Investment (derived)
-€42,842
Investment in fixed assets (net)
-€42,842
Financing
-€4.0m
Contributions, distributions and other
-€4.0m
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,813,775 | €12,866,187 | -€947,588 | -6.9% |
| Fixed assets | 21/28 | €4,839,855 | €4,653,747 | -€186,108 | -3.8% |
| Intangible fixed assets | 21 | €194,036 | €164,735 | -€29,301 | -15.1% |
| Tangible fixed assets | 22/27 | €725,339 | €568,532 | -€156,807 | -21.6% |
| Plant, machinery and equipment | 23 | €630,270 | €497,698 | -€132,572 | -21.0% |
| Furniture and vehicles | 24 | €10,541 | €7,813 | -€2,728 | -25.9% |
| Other tangible fixed assets | 26 | €84,528 | €63,021 | -€21,507 | -25.4% |
| Financial fixed assets | 28 | €3,920,480 | €3,920,480 | = | 0.0% |
| Affiliated companies | 280/1 | €3,896,861 | €3,896,861 | = | 0.0% |
| Participating interests | 280 | €3,596,861 | €3,596,861 | = | 0.0% |
| Amounts receivable | 281 | €300,000 | €300,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €5,000 | €5,000 | = | 0.0% |
| Participating interests | 282 | €5,000 | €5,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €18,619 | €18,619 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €18,619 | €18,619 | = | 0.0% |
| Current assets | 29/58 | €8,973,920 | €8,212,440 | -€761,480 | -8.5% |
| Amounts receivable within one year | 40/41 | €6,940,400 | €7,098,955 | +€158,555 | +2.3% |
| Trade receivables | 40 | €6,887,575 | €6,991,477 | +€103,902 | +1.5% |
| Other amounts receivable | 41 | €52,825 | €107,479 | +€54,653 | +103.5% |
| Cash at bank and in hand | 54/58 | €1,960,592 | €1,028,410 | -€932,182 | -47.5% |
| Deferred charges and accrued income | 490/1 | €72,929 | €85,075 | +€12,146 | +16.7% |
| Total equity and liabilities | 10/49 | €13,813,775 | €12,866,187 | -€947,588 | -6.9% |
| Equity | 10/15 | €6,974,199 | €6,965,536 | -€8,664 | -0.1% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,324,199 | €5,315,536 | -€8,664 | -0.2% |
| Amounts payable | 17/49 | €6,839,575 | €5,900,651 | -€938,924 | -13.7% |
| Amounts payable within one year | 42/48 | €6,744,196 | €5,799,670 | -€944,526 | -14.0% |
| Trade debts | 44 | €1,416,098 | €1,303,988 | -€112,110 | -7.9% |
| Suppliers | 440/4 | €1,416,098 | €1,303,988 | -€112,110 | -7.9% |
| Taxes, remuneration and social security | 45 | €827,553 | €486,090 | -€341,463 | -41.3% |
| Taxes | 450/3 | €619,674 | €275,057 | -€344,618 | -55.6% |
| Remuneration and social security | 454/9 | €207,878 | €211,033 | +€3,155 | +1.5% |
| Other amounts payable | 47/48 | €4,500,545 | €4,009,592 | -€490,953 | -10.9% |
| Accrued charges and deferred income | 492/3 | €95,379 | €100,981 | +€5,601 | +5.9% |
| Operating income | 70/76A | €23,567,863 | €23,916,661 | +€348,798 | +1.5% |
| Turnover | 70 | €22,537,071 | €23,040,553 | +€503,481 | +2.2% |
| Other operating income | 74 | €1,030,792 | €874,922 | -€155,870 | -15.1% |
| Non-recurring operating income | 76A | - | €1,187 | +€1,187 | |
| Operating charges | 60/66A | €17,877,007 | €18,591,142 | +€714,135 | +4.0% |
| Services and other goods | 61 | €15,852,137 | €16,742,311 | +€890,174 | +5.6% |
| Remuneration, social security and pensions | 62 | €1,726,545 | €1,583,363 | -€143,182 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,221 | €228,950 | -€18,270 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,865 | -€5,075 | -€10,940 | |
| Other operating charges | 640/8 | €44,941 | €40,296 | -€4,645 | -10.3% |
| Non-recurring operating charges | 66A | €298 | €1,296 | +€998 | +335.0% |
| Operating profit (loss) | 9901 | €5,690,856 | €5,325,519 | -€365,337 | -6.4% |
| Financial income | 75/76B | €63,660 | €48,156 | -€15,504 | -24.4% |
| Recurring financial income | 75 | €63,660 | €48,156 | -€15,504 | -24.4% |
| Income from financial fixed assets | 750 | €14,756 | €8,848 | -€5,909 | -40.0% |
| Income from current assets | 751 | €48,903 | €39,308 | -€9,595 | -19.6% |
| Other financial income | 752/9 | €1 | €0 | -€1 | -86.4% |
| Financial charges | 65/66B | €20,202 | €13,307 | -€6,895 | -34.1% |
| Recurring financial charges | 65 | €20,202 | €13,307 | -€6,895 | -34.1% |
| Other financial charges | 652/9 | €20,202 | €13,307 | -€6,895 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €5,734,314 | €5,360,368 | -€373,945 | -6.5% |
| Income taxes | 67/77 | €1,468,082 | €1,369,032 | -€99,050 | -6.7% |
| Taxes | 670/3 | €1,468,082 | €1,369,032 | -€99,050 | -6.7% |
| Profit (loss) for the period | 9904 | €4,266,232 | €3,991,336 | -€274,896 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,266,232 | €3,991,336 | -€274,896 | -6.4% |
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 4 October 2026 via checked.be.