NUANS LAW: what changed
NUANS LAW
Largest movements
- Cash +€40,480
up €40,480 (+11.4%), from €354,020 to €394,500
mainly Net result for the year (+€27,584) and Receivables within one year (+€21,842)
- Tangible fixed assets +€23,804
up €23,804 (+81.3%), from €29,268 to €53,072
of which Other tangible fixed assets: +€30,853
- Receivables within one year -€21,842
down €21,842 (-8.0%), from €272,124 to €250,282
of which Other amounts receivable: -€33,169
- Reserves +€27,584
up €27,584 (+14.5%), from €190,458 to €218,042
- Current portion of long-term debt +€9,770
up €9,770 (+162%), from €6,028 to €15,798
- Gross operating margin +€32,247
up €32,247 (+40.5%), from €79,596 to €111,843
- Depreciation +€7,721
up €7,721 (+63.7%), from €12,126 to €19,847
- Other operating charges +€4,429
up €4,429 (+1,289%), from €344 to €4,773
- Staff costs +€4,261
up €4,261 (+9.6%), from €44,604 to €48,866
- Financial income +€3,206
up €3,206 (+230%), from €1,396 to €4,602
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,610 | €715,962 | +€41,352 | +6.1% |
| Fixed assets | 21/28 | €30,739 | €53,072 | +€22,333 | +72.7% |
| Intangible fixed assets | 21 | €1,470 | - | -€1,470 | |
| Tangible fixed assets | 22/27 | €29,268 | €53,072 | +€23,804 | +81.3% |
| Plant, machinery and equipment | 23 | €2,725 | €1,454 | -€1,271 | -46.6% |
| Furniture and vehicles | 24 | €9,901 | €4,123 | -€5,779 | -58.4% |
| Other tangible fixed assets | 26 | €16,642 | €47,495 | +€30,853 | +185% |
| Current assets | 29/58 | €643,871 | €662,890 | +€19,019 | +3.0% |
| Amounts receivable within one year | 40/41 | €272,124 | €250,282 | -€21,842 | -8.0% |
| Trade receivables | 40 | €221,826 | €233,153 | +€11,327 | +5.1% |
| Other amounts receivable | 41 | €50,298 | €17,128 | -€33,169 | -65.9% |
| Cash at bank and in hand | 54/58 | €354,020 | €394,500 | +€40,480 | +11.4% |
| Deferred charges and accrued income | 490/1 | €17,727 | €18,108 | +€381 | +2.1% |
| Total equity and liabilities | 10/49 | €674,610 | €715,962 | +€41,352 | +6.1% |
| Equity | 10/15 | €250,458 | €278,042 | +€27,584 | +11.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €190,458 | €218,042 | +€27,584 | +14.5% |
| Distributable reserves | 133 | €190,458 | €218,042 | +€27,584 | +14.5% |
| Amounts payable | 17/49 | €424,152 | €437,920 | +€13,768 | +3.2% |
| Amounts payable after more than one year | 17 | €31,401 | €34,990 | +€3,589 | +11.4% |
| Financial debts | 170/4 | €31,401 | €34,990 | +€3,589 | +11.4% |
| Amounts payable within one year | 42/48 | €392,751 | €402,930 | +€10,179 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €6,028 | €15,798 | +€9,770 | +162% |
| Trade debts | 44 | €380,008 | €377,019 | -€2,989 | -0.8% |
| Suppliers | 440/4 | €380,008 | €377,019 | -€2,989 | -0.8% |
| Taxes, remuneration and social security | 45 | €5,510 | €10,113 | +€4,603 | +83.5% |
| Taxes | 450/3 | €5,510 | €7,479 | +€1,970 | +35.7% |
| Remuneration and social security | 454/9 | - | €2,634 | +€2,634 | |
| Other amounts payable | 47/48 | €1,205 | - | -€1,205 | |
| Remuneration, social security and pensions | 62 | €44,604 | €48,866 | +€4,261 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,126 | €19,847 | +€7,721 | +63.7% |
| Other operating charges | 640/8 | €344 | €4,773 | +€4,429 | +1,289% |
| Gross operating margin | 9900 | €79,596 | €111,843 | +€32,247 | +40.5% |
| Operating profit (loss) | 9901 | €22,522 | €38,358 | +€15,836 | +70.3% |
| Financial income | 75/76B | €1,396 | €4,602 | +€3,206 | +230% |
| Recurring financial income | 75 | €1,396 | €4,602 | +€3,206 | +230% |
| Financial charges | 65/66B | €3,922 | €7,017 | +€3,095 | +78.9% |
| Recurring financial charges | 65 | €3,922 | €7,017 | +€3,095 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | €19,996 | €35,943 | +€15,947 | +79.7% |
| Income taxes | 67/77 | €5,893 | €8,359 | +€2,467 | +41.9% |
| Profit (loss) for the period | 9904 | €14,103 | €27,584 | +€13,480 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,103 | €27,584 | +€13,480 | +95.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.