The paper refers to phase stability of the (Fe80Nb6B14)0.9Tb0.1 bulk nanocrystalline alloys prepared using the vacuum suction casting technique. The samples were in the form of rods with diameters d = 2, 1.5, 1 and 0.5 mm. Heating up to 900 K reveals structural changes that occur at temperatures above 680 K (DSC and M (T ) measurements). The phase analysis, using Mössbauer spectra, indicates the decrease of Tb2Fe14B and increase of Fe content in the samples after the heat treatment. The most stable is the alloy with d = 1 mm, where the formation of α-Fe phase was not observed. The decrease of d causes signicant hardening i.e. coercive eld increases from 0.57 T to 2.66 T for d = 2 mm and d = 0.5 mm, respectively.