nøest: 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.
nøest
Largest movements
- Cash -€46,127
down €46,127 (-92.7%), from €49,774 to €3,647
mainly Trade debts (-€49,725) and Other debts (-€26,040)
- Receivables within one year -€21,905
down €21,905 (-69.9%), from €31,347 to €9,442
of which Other amounts receivable: -€15,851
- Tangible fixed assets -€10,585
down €10,585 (-18.4%), from €57,485 to €46,900
of which Furniture and vehicles: -€10,461
- Trade debts -€49,725
down €49,725 (-93.4%), from €53,238 to €3,513
- Other debts -€26,040
no longer reported in 2025 (was €26,040)
- Debts after one year -€9,888
down €9,888 (-31.8%), from €31,111 to €21,222
- Reserves +€5,841
up €5,841 (+664%), from €880 to €6,721
- Tax, wage and social debts +€2,171
up €2,171 (+141%), from €1,537 to €3,708
of which Remuneration and social security: +€2,220
- Gross operating margin +€18,784
up €18,784 (+354%), from €5,301 to €24,084
- Depreciation +€10,299
up €10,299 (+420%), from €2,450 to €12,749
- Taxes +€1,950
up €1,950 (+574%), from €340 to €2,290
- Financial charges -€420
down €420 (-15.2%), from €2,762 to €2,342
- Other operating charges +€411
up €411 (+70.7%), from €580 to €991
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 | €140,840 | €63,652 | -€77,188 | -54.8% |
| Fixed assets | 21/28 | €58,110 | €48,296 | -€9,813 | -16.9% |
| Intangible fixed assets | 21 | €496 | €1,268 | +€772 | +156% |
| Tangible fixed assets | 22/27 | €57,485 | €46,900 | -€10,585 | -18.4% |
| Plant, machinery and equipment | 23 | €5,473 | €5,348 | -€125 | -2.3% |
| Furniture and vehicles | 24 | €52,012 | €41,552 | -€10,461 | -20.1% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €82,730 | €15,355 | -€67,375 | -81.4% |
| Stocks and contracts in progress | 3 | €46 | - | -€46 | |
| Stocks | 30/36 | €46 | - | -€46 | |
| Amounts receivable within one year | 40/41 | €31,347 | €9,442 | -€21,905 | -69.9% |
| Trade receivables | 40 | €11,995 | €5,941 | -€6,054 | -50.5% |
| Other amounts receivable | 41 | €19,351 | €3,500 | -€15,851 | -81.9% |
| Cash at bank and in hand | 54/58 | €49,774 | €3,647 | -€46,127 | -92.7% |
| Deferred charges and accrued income | 490/1 | €1,562 | €2,267 | +€704 | +45.1% |
| Total equity and liabilities | 10/49 | €140,840 | €63,652 | -€77,188 | -54.8% |
| Equity | 10/15 | €19,480 | €25,321 | +€5,841 | +30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €880 | €6,721 | +€5,841 | +664% |
| Distributable reserves | 133 | €880 | €6,721 | +€5,841 | +664% |
| Amounts payable | 17/49 | €121,360 | €38,331 | -€83,029 | -68.4% |
| Amounts payable after more than one year | 17 | €31,111 | €21,222 | -€9,888 | -31.8% |
| Financial debts | 170/4 | €31,111 | €21,222 | -€9,888 | -31.8% |
| Amounts payable within one year | 42/48 | €90,250 | €17,109 | -€73,141 | -81.0% |
| Current portion of amounts payable after more than one year | 42 | €9,436 | €9,888 | +€453 | +4.8% |
| Trade debts | 44 | €53,238 | €3,513 | -€49,725 | -93.4% |
| Suppliers | 440/4 | €53,238 | €3,513 | -€49,725 | -93.4% |
| Taxes, remuneration and social security | 45 | €1,537 | €3,708 | +€2,171 | +141% |
| Taxes | 450/3 | €1,537 | €1,487 | -€50 | -3.2% |
| Remuneration and social security | 454/9 | - | €2,220 | +€2,220 | |
| Other amounts payable | 47/48 | €26,040 | - | -€26,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,450 | €12,749 | +€10,299 | +420% |
| Other operating charges | 640/8 | €580 | €991 | +€411 | +70.7% |
| Gross operating margin | 9900 | €5,301 | €24,084 | +€18,784 | +354% |
| Operating profit (loss) | 9901 | €2,271 | €10,345 | +€8,074 | +356% |
| Financial income | 75/76B | €164 | €129 | -€36 | -21.6% |
| Recurring financial income | 75 | €164 | €129 | -€36 | -21.6% |
| Financial charges | 65/66B | €2,762 | €2,342 | -€420 | -15.2% |
| Recurring financial charges | 65 | €2,762 | €2,342 | -€420 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€327 | €8,131 | +€8,458 | |
| Income taxes | 67/77 | €340 | €2,290 | +€1,950 | +574% |
| Profit (loss) for the period | 9904 | -€667 | €5,841 | +€6,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€667 | €5,841 | +€6,508 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.