IMMO NESTOR: 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.
IMMO NESTOR
Largest movements
- Tangible fixed assets -€13,708
down €13,708 (-2.7%), from €505,700 to €491,993
- Profit (loss) carried forward -€14,202
down €14,202 (-4.3%), from -€329,562 to -€343,764
- Gross operating margin +€3,448
up €3,448 (+56.2%), from €6,134 to €9,582
- Financial charges -€1,427
down €1,427 (-12.3%), from €11,635 to €10,208
- Other operating charges -€1,167
down €1,167 (-29.1%), from €4,006 to €2,839
- Financial income +€175
up €175 (+6.3%), from €2,796 to €2,970
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,297 | €632,052 | -€10,245 | -1.6% |
| Fixed assets | 21/28 | €506,350 | €492,643 | -€13,708 | -2.7% |
| Tangible fixed assets | 22/27 | €505,700 | €491,993 | -€13,708 | -2.7% |
| Land and buildings | 22 | €505,700 | €491,993 | -€13,708 | -2.7% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €135,946 | €139,409 | +€3,463 | +2.5% |
| Amounts receivable within one year | 40/41 | €50,105 | €53,075 | +€2,970 | +5.9% |
| Other amounts receivable | 41 | €50,105 | €53,075 | +€2,970 | +5.9% |
| Current investments | 50/53 | €85,841 | €85,841 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €492 | +€492 | |
| Total equity and liabilities | 10/49 | €642,297 | €632,052 | -€10,245 | -1.6% |
| Equity | 10/15 | -€75,455 | -€89,657 | -€14,202 | -18.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €233,647 | €233,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€329,562 | -€343,764 | -€14,202 | -4.3% |
| Amounts payable | 17/49 | €717,752 | €721,709 | +€3,957 | +0.6% |
| Amounts payable after more than one year | 17 | €621,918 | €621,918 | = | 0.0% |
| Financial debts | 170/4 | €621,918 | €621,918 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,834 | €99,791 | +€3,957 | +4.1% |
| Trade debts | 44 | €6,962 | €7,592 | +€629 | +9.0% |
| Suppliers | 440/4 | €6,962 | €7,592 | +€629 | +9.0% |
| Other amounts payable | 47/48 | €88,872 | €92,199 | +€3,327 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,708 | €13,708 | = | 0.0% |
| Other operating charges | 640/8 | €4,006 | €2,839 | -€1,167 | -29.1% |
| Gross operating margin | 9900 | €6,134 | €9,582 | +€3,448 | +56.2% |
| Operating profit (loss) | 9901 | -€11,579 | -€6,964 | +€4,615 | +39.9% |
| Financial income | 75/76B | €2,796 | €2,970 | +€175 | +6.3% |
| Recurring financial income | 75 | €2,796 | €2,970 | +€175 | +6.3% |
| Financial charges | 65/66B | €11,635 | €10,208 | -€1,427 | -12.3% |
| Recurring financial charges | 65 | €11,635 | €10,208 | -€1,427 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,419 | -€14,202 | +€6,217 | +30.4% |
| Profit (loss) for the period | 9904 | -€20,419 | -€14,202 | +€6,217 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,419 | -€14,202 | +€6,217 | +30.4% |
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 18 October 2026 via checked.be.