NUSA: 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.
NUSA
Largest movements
- Tangible fixed assets -€7,029
down €7,029 (-97.9%), from €7,177 to €148
- Cash +€5,245
up €5,245 (+81.8%), from €6,414 to €11,659
mainly Other debts (+€14,826) and Net result for the year (+€7,161)
- Receivables within one year +€1,867
up €1,867 (+105.7%), from €1,766 to €3,633
of which Other amounts receivable: +€3,633
- Stocks and contracts +€655
up €655 (+10.3%), from €6,343 to €6,998
- Financial fixed assets -€547
down €547 (-20.6%), from €2,658 to €2,111
- Other debts +€14,826
up €14,826 (+77.2%), from €19,203 to €34,029
- Current portion of long-term debt -€9,587
no longer reported in 2025 (was €9,587)
- Profit (loss) carried forward +€7,161
up €7,161 (+9.5%), from -€75,599 to -€68,438
- Trade debts -€6,718
down €6,718 (-38.3%), from €17,552 to €10,834
- Tax, wage and social debts -€5,491
down €5,491 (-26.9%), from €20,421 to €14,930
of which Remuneration and social security: -€5,982
- Gross operating margin +€16,217
up €16,217 (+34.4%), from €47,211 to €63,428
- Staff costs -€4,213
down €4,213 (-8.1%), from €52,118 to €47,905
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 | €24,358 | €24,549 | +€191 | +0.8% |
| Fixed assets | 21/28 | €9,835 | €2,259 | -€7,576 | -77.0% |
| Tangible fixed assets | 22/27 | €7,177 | €148 | -€7,029 | -97.9% |
| Land and buildings | 22 | €7,177 | €148 | -€7,029 | -97.9% |
| Financial fixed assets | 28 | €2,658 | €2,111 | -€547 | -20.6% |
| Current assets | 29/58 | €14,523 | €22,290 | +€7,767 | +53.5% |
| Stocks and contracts in progress | 3 | €6,343 | €6,998 | +€655 | +10.3% |
| Stocks | 30/36 | €6,343 | €6,998 | +€655 | +10.3% |
| Amounts receivable within one year | 40/41 | €1,766 | €3,633 | +€1,867 | +105.7% |
| Trade receivables | 40 | €1,766 | - | -€1,766 | |
| Other amounts receivable | 41 | - | €3,633 | +€3,633 | |
| Cash at bank and in hand | 54/58 | €6,414 | €11,659 | +€5,245 | +81.8% |
| Total equity and liabilities | 10/49 | €24,358 | €24,549 | +€191 | +0.8% |
| Equity | 10/15 | -€42,405 | -€35,244 | +€7,161 | +16.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €14,194 | €14,194 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €12,294 | €12,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,599 | -€68,438 | +€7,161 | +9.5% |
| Amounts payable | 17/49 | €66,763 | €59,793 | -€6,970 | -10.4% |
| Amounts payable within one year | 42/48 | €66,763 | €59,793 | -€6,970 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €9,587 | - | -€9,587 | |
| Trade debts | 44 | €17,552 | €10,834 | -€6,718 | -38.3% |
| Suppliers | 440/4 | €17,552 | €10,834 | -€6,718 | -38.3% |
| Taxes, remuneration and social security | 45 | €20,421 | €14,930 | -€5,491 | -26.9% |
| Taxes | 450/3 | €8,820 | €9,311 | +€491 | +5.6% |
| Remuneration and social security | 454/9 | €11,601 | €5,619 | -€5,982 | -51.6% |
| Other amounts payable | 47/48 | €19,203 | €34,029 | +€14,826 | +77.2% |
| Remuneration, social security and pensions | 62 | €52,118 | €47,905 | -€4,213 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,029 | €7,029 | = | 0.0% |
| Other operating charges | 640/8 | €1,377 | €1,044 | -€333 | -24.2% |
| Gross operating margin | 9900 | €47,211 | €63,428 | +€16,217 | +34.4% |
| Operating profit (loss) | 9901 | -€13,313 | €7,450 | +€20,763 | |
| Financial charges | 65/66B | €745 | €289 | -€456 | -61.2% |
| Recurring financial charges | 65 | €745 | €289 | -€456 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,058 | €7,161 | +€21,219 | |
| Profit (loss) for the period | 9904 | -€14,058 | €7,161 | +€21,219 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,058 | €7,161 | +€21,219 |
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 7 October 2026 via checked.be.