Nostos: 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.
Nostos
Largest movements
- Cash -€9,586
down €9,586 (-15.6%), from €61,525 to €51,939
mainly Contributions, distributions and other (-€47,000) and Investment in fixed assets (net) (-€8,364)
- Tangible fixed assets +€6,671
up €6,671 (+1,024%), from €651 to €7,322
of which Furniture and vehicles: +€6,932
- Receivables within one year +€3,474
up €3,474 (+28.6%), from €12,140 to €15,614
of which Trade receivables: +€2,985
- Reserves +€11,360
up €11,360 (+23.8%), from €47,729 to €59,089
- Tax, wage and social debts -€4,719
down €4,719 (-31.0%), from €15,205 to €10,485
of which Taxes: -€4,719
- Trade debts -€2,336
down €2,336 (-84.6%), from €2,761 to €425
- Short-term financial debts -€2,103
down €2,103 (-91.5%), from €2,299 to €195
- Other debts -€1,550
down €1,550 (-32.2%), from €4,814 to €3,264
- Gross operating margin +€20,374
up €20,374 (+33.1%), from €61,582 to €81,956
- Taxes +€7,760
up €7,760 (+62.0%), from €12,513 to €20,274
- Depreciation +€877
up €877 (+108%), from €816 to €1,693
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 | €76,127 | €76,688 | +€560 | +0.7% |
| Fixed assets | 21/28 | €651 | €7,322 | +€6,671 | +1,024% |
| Tangible fixed assets | 22/27 | €651 | €7,322 | +€6,671 | +1,024% |
| Plant, machinery and equipment | 23 | €651 | €390 | -€261 | -40.1% |
| Furniture and vehicles | 24 | €0 | €6,932 | +€6,932 | |
| Current assets | 29/58 | €75,476 | €69,366 | -€6,110 | -8.1% |
| Amounts receivable within one year | 40/41 | €12,140 | €15,614 | +€3,474 | +28.6% |
| Trade receivables | 40 | €12,140 | €15,125 | +€2,985 | +24.6% |
| Other amounts receivable | 41 | €0 | €489 | +€489 | |
| Cash at bank and in hand | 54/58 | €61,525 | €51,939 | -€9,586 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,811 | €1,812 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €76,127 | €76,688 | +€560 | +0.7% |
| Equity | 10/15 | €50,729 | €62,089 | +€11,360 | +22.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,729 | €59,089 | +€11,360 | +23.8% |
| Distributable reserves | 133 | €47,729 | €59,089 | +€11,360 | +23.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,399 | €14,599 | -€10,799 | -42.5% |
| Amounts payable within one year | 42/48 | €25,078 | €14,369 | -€10,709 | -42.7% |
| Financial debts | 43 | €2,299 | €195 | -€2,103 | -91.5% |
| Credit institutions | 430/8 | €2,299 | €195 | -€2,103 | -91.5% |
| Trade debts | 44 | €2,761 | €425 | -€2,336 | -84.6% |
| Suppliers | 440/4 | €2,761 | €425 | -€2,336 | -84.6% |
| Taxes, remuneration and social security | 45 | €15,205 | €10,485 | -€4,719 | -31.0% |
| Taxes | 450/3 | €14,065 | €9,345 | -€4,719 | -33.6% |
| Remuneration and social security | 454/9 | €1,140 | €1,140 | = | 0.0% |
| Other amounts payable | 47/48 | €4,814 | €3,264 | -€1,550 | -32.2% |
| Accrued charges and deferred income | 492/3 | €321 | €230 | -€90 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €1,693 | +€877 | +108% |
| Other operating charges | 640/8 | €788 | €917 | +€128 | +16.3% |
| Gross operating margin | 9900 | €61,582 | €81,956 | +€20,374 | +33.1% |
| Operating profit (loss) | 9901 | €59,978 | €79,346 | +€19,368 | +32.3% |
| Financial income | 75/76B | €0 | €21 | +€21 | |
| Recurring financial income | 75 | €0 | €21 | +€21 | |
| Financial charges | 65/66B | €819 | €734 | -€86 | -10.4% |
| Recurring financial charges | 65 | €819 | €734 | -€86 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €59,159 | €78,634 | +€19,475 | +32.9% |
| Income taxes | 67/77 | €12,513 | €20,274 | +€7,760 | +62.0% |
| Profit (loss) for the period | 9904 | €46,646 | €58,360 | +€11,714 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,646 | €58,360 | +€11,714 | +25.1% |
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 25 October 2026 via checked.be.