NST ACTISPACE: 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.
NST ACTISPACE
Largest movements
- Cash -€789,699
down €789,699 (-76.4%), from €1.0m to €243,967
mainly Investment in fixed assets (net) (-€589,170) and Current investments (-€397,060)
- Tangible fixed assets +€536,374
up €536,374 (+105.2%), from €509,989 to €1.0m
of which Land and buildings: +€536,051
- Current investments +€397,060
up €397,060 (+46.7%), from €849,970 to €1.2m
- Receivables within one year +€138,009
up €138,009 (+505.5%), from €27,303 to €165,312
of which Other amounts receivable: +€132,751
- Debts after one year +€332,437
up €332,437 (+103.3%), from €321,684 to €654,121
- Other debts -€67,507
down €67,507 (-94.7%), from €71,307 to €3,800
- Gross operating margin +€31,499
up €31,499 (+248.5%), from €12,675 to €44,174
- Financial income +€16,404
up €16,404 (+58.1%), from €28,212 to €44,616
- Financial charges +€2,403
up €2,403 (+12.2%), from €19,687 to €22,089
- Other operating charges +€748
up €748 (+7.2%), from €10,460 to €11,208
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,425,716 | €2,710,180 | +€284,464 | +11.7% |
| Fixed assets | 21/28 | €510,186 | €1,046,560 | +€536,374 | +105.1% |
| Tangible fixed assets | 22/27 | €509,989 | €1,046,363 | +€536,374 | +105.2% |
| Land and buildings | 22 | €484,246 | €1,020,297 | +€536,051 | +110.7% |
| Plant, machinery and equipment | 23 | €1,688 | €1,927 | +€239 | +14.1% |
| Furniture and vehicles | 24 | €19,840 | €21,329 | +€1,489 | +7.5% |
| Other tangible fixed assets | 26 | €4,216 | €2,810 | -€1,405 | -33.3% |
| Financial fixed assets | 28 | €197 | €197 | = | 0.0% |
| Current assets | 29/58 | €1,915,530 | €1,663,620 | -€251,910 | -13.2% |
| Amounts receivable within one year | 40/41 | €27,303 | €165,312 | +€138,009 | +505.5% |
| Trade receivables | 40 | €6,045 | €11,303 | +€5,258 | +87.0% |
| Other amounts receivable | 41 | €21,258 | €154,009 | +€132,751 | +624.5% |
| Current investments | 50/53 | €849,970 | €1,247,030 | +€397,060 | +46.7% |
| Cash at bank and in hand | 54/58 | €1,033,666 | €243,967 | -€789,699 | -76.4% |
| Deferred charges and accrued income | 490/1 | €4,591 | €7,311 | +€2,720 | +59.3% |
| Total equity and liabilities | 10/49 | €2,425,716 | €2,710,180 | +€284,464 | +11.7% |
| Equity | 10/15 | €1,895,002 | €1,897,726 | +€2,725 | +0.1% |
| Contributions | 10/11 | €3,611,405 | €3,611,405 | = | 0.0% |
| Reserves | 13 | €764,530 | €763,314 | -€1,216 | -0.2% |
| Non-distributable reserves | 130/1 | €130,023 | €130,023 | = | 0.0% |
| Reserves not available under the articles | 1311 | €130,023 | €130,023 | = | 0.0% |
| Tax-exempt reserves | 132 | €269,005 | €267,789 | -€1,216 | -0.5% |
| Distributable reserves | 133 | €365,503 | €365,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,480,934 | -€2,476,993 | +€3,941 | +0.2% |
| Provisions and deferred taxes | 16 | €89,668 | €89,263 | -€405 | -0.5% |
| Deferred taxes | 168 | €89,668 | €89,263 | -€405 | -0.5% |
| Amounts payable | 17/49 | €441,046 | €723,191 | +€282,145 | +64.0% |
| Amounts payable after more than one year | 17 | €321,684 | €654,121 | +€332,437 | +103.3% |
| Financial debts | 170/4 | €321,684 | €654,121 | +€332,437 | +103.3% |
| Amounts payable within one year | 42/48 | €119,362 | €69,069 | -€50,292 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €34,895 | €49,265 | +€14,370 | +41.2% |
| Trade debts | 44 | €11,360 | €15,596 | +€4,236 | +37.3% |
| Suppliers | 440/4 | €11,360 | €15,596 | +€4,236 | +37.3% |
| Taxes, remuneration and social security | 45 | €1,800 | €408 | -€1,392 | -77.3% |
| Taxes | 450/3 | €416 | €306 | -€110 | -26.4% |
| Remuneration and social security | 454/9 | €1,384 | €102 | -€1,282 | -92.6% |
| Other amounts payable | 47/48 | €71,307 | €3,800 | -€67,507 | -94.7% |
| Non-recurring operating income | 76A | €2,582 | €43,009 | +€40,426 | +1565.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,605 | €52,797 | +€192 | +0.4% |
| Other operating charges | 640/8 | €10,460 | €11,208 | +€748 | +7.2% |
| Non-recurring operating charges | 66A | €1,631 | - | -€1,631 | |
| Gross operating margin | 9900 | €12,675 | €44,174 | +€31,499 | +248.5% |
| Operating profit (loss) | 9901 | -€52,021 | -€19,831 | +€32,190 | +61.9% |
| Financial income | 75/76B | €28,212 | €44,616 | +€16,404 | +58.1% |
| Recurring financial income | 75 | €28,212 | €44,616 | +€16,404 | +58.1% |
| Financial charges | 65/66B | €19,687 | €22,089 | +€2,403 | +12.2% |
| Recurring financial charges | 65 | €19,687 | €22,089 | +€2,403 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€43,495 | €2,696 | +€46,191 | |
| Transfer from deferred taxes | 780 | - | €405 | +€405 | |
| Income taxes | 67/77 | €416 | €377 | -€40 | -9.5% |
| Profit (loss) for the period | 9904 | -€43,911 | €2,725 | +€46,636 | |
| Transfer from tax-exempt reserves | 789 | - | €1,216 | +€1,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,911 | €3,941 | +€47,852 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.