NANO: 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.
NANO
Largest movements
- Tangible fixed assets -€52,560
down €52,560 (-69.4%), from €75,699 to €23,139
of which Leasing and similar rights: -€49,698
- Stocks and contracts -€14,531
down €14,531 (-92.3%), from €15,744 to €1,214
- Receivables within one year -€11,023
down €11,023 (-12.2%), from €90,451 to €79,429
of which Trade receivables: -€16,456
- Cash +€2,350
up €2,350 (+9.3%), from €25,329 to €27,679
mainly Investment in fixed assets (net) (+€39,871) and Stocks and contracts (+€14,531)
- Debts after one year -€34,825
down €34,825 (-93.8%), from €37,144 to €2,318
- Profit (loss) carried forward -€26,616
down €26,616 (-64.8%), from €41,085 to €14,469
- Current portion of long-term debt -€7,164
down €7,164 (-50.0%), from €14,315 to €7,151
- Trade debts -€5,484
down €5,484 (-7.8%), from €70,337 to €64,853
- Gross operating margin -€58,235
down €58,235 (-25.3%), from €230,480 to €172,244
- Taxes -€10,144
down €10,144 (-95.3%), from €10,646 to €502
- Staff costs +€9,279
up €9,279 (+5.8%), from €159,198 to €168,477
- Depreciation -€5,210
down €5,210 (-29.1%), from €17,929 to €12,719
- Other operating charges +€3,850
up €3,850 (+123%), from €3,142 to €6,992
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 | €210,112 | €133,953 | -€76,159 | -36.2% |
| Fixed assets | 21/28 | €76,152 | €23,562 | -€52,590 | -69.1% |
| Intangible fixed assets | 21 | €30 | - | -€30 | |
| Tangible fixed assets | 22/27 | €75,699 | €23,139 | -€52,560 | -69.4% |
| Furniture and vehicles | 24 | €13,217 | €10,692 | -€2,525 | -19.1% |
| Leasing and similar rights | 25 | €59,971 | €10,272 | -€49,698 | -82.9% |
| Other tangible fixed assets | 26 | €2,511 | €2,175 | -€337 | -13.4% |
| Financial fixed assets | 28 | €423 | €423 | = | 0.0% |
| Current assets | 29/58 | €133,960 | €110,391 | -€23,569 | -17.6% |
| Stocks and contracts in progress | 3 | €15,744 | €1,214 | -€14,531 | -92.3% |
| Stocks | 30/36 | €15,744 | €1,214 | -€14,531 | -92.3% |
| Amounts receivable within one year | 40/41 | €90,451 | €79,429 | -€11,023 | -12.2% |
| Trade receivables | 40 | €61,371 | €44,914 | -€16,456 | -26.8% |
| Other amounts receivable | 41 | €29,081 | €34,515 | +€5,434 | +18.7% |
| Cash at bank and in hand | 54/58 | €25,329 | €27,679 | +€2,350 | +9.3% |
| Deferred charges and accrued income | 490/1 | €2,435 | €2,069 | -€366 | -15.0% |
| Total equity and liabilities | 10/49 | €210,112 | €133,953 | -€76,159 | -36.2% |
| Equity | 10/15 | €61,085 | €34,469 | -€26,616 | -43.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,085 | €14,469 | -€26,616 | -64.8% |
| Amounts payable | 17/49 | €149,028 | €99,485 | -€49,543 | -33.2% |
| Amounts payable after more than one year | 17 | €37,144 | €2,318 | -€34,825 | -93.8% |
| Financial debts | 170/4 | €37,144 | €2,318 | -€34,825 | -93.8% |
| Amounts payable within one year | 42/48 | €111,884 | €97,167 | -€14,717 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €14,315 | €7,151 | -€7,164 | -50.0% |
| Trade debts | 44 | €70,337 | €64,853 | -€5,484 | -7.8% |
| Suppliers | 440/4 | €70,337 | €64,853 | -€5,484 | -7.8% |
| Taxes, remuneration and social security | 45 | €27,232 | €25,163 | -€2,069 | -7.6% |
| Taxes | 450/3 | €13,667 | €8,724 | -€4,943 | -36.2% |
| Remuneration and social security | 454/9 | €13,565 | €16,439 | +€2,874 | +21.2% |
| Non-recurring operating income | 76A | €6,479 | €255 | -€6,224 | -96.1% |
| Remuneration, social security and pensions | 62 | €159,198 | €168,477 | +€9,279 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,929 | €12,719 | -€5,210 | -29.1% |
| Other operating charges | 640/8 | €3,142 | €6,992 | +€3,850 | +123% |
| Non-recurring operating charges | 66A | €4,256 | €345 | -€3,911 | -91.9% |
| Gross operating margin | 9900 | €230,480 | €172,244 | -€58,235 | -25.3% |
| Operating profit (loss) | 9901 | €45,954 | -€16,288 | -€62,242 | |
| Financial income | 75/76B | €559 | €31 | -€528 | -94.4% |
| Recurring financial income | 75 | €559 | €31 | -€528 | -94.4% |
| Financial charges | 65/66B | €8,709 | €9,857 | +€1,147 | +13.2% |
| Recurring financial charges | 65 | €8,709 | €9,857 | +€1,147 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €37,803 | -€26,114 | -€63,917 | |
| Income taxes | 67/77 | €10,646 | €502 | -€10,144 | -95.3% |
| Profit (loss) for the period | 9904 | €27,157 | -€26,616 | -€53,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,157 | -€26,616 | -€53,773 |
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 23 October 2026 via checked.be.