Nectar: 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.
Nectar
Largest movements
- Cash +€57,708
up €57,708 (+115.3%), from €50,055 to €107,763
mainly Net result for the year (+€65,175) and Tax, wage and social debts (+€19,033)
- Receivables within one year +€50,157
up €50,157 (+104.3%), from €48,093 to €98,250
of which Trade receivables: +€60,937
- Deferred charges and accrued income -€8,479
down €8,479 (-98.2%), from €8,637 to €158
- Intangible fixed assets -€6,240
down €6,240 (-51.5%), from €12,114 to €5,874
- Reserves +€65,175
up €65,175 (+110.2%), from €59,126 to €124,301
- Tax, wage and social debts +€19,033
up €19,033 (+1102.0%), from €1,727 to €20,760
of which Taxes: +€19,033
- Trade debts +€9,091
up €9,091 (+47.6%), from €19,092 to €28,183
- Gross operating margin +€72,821
up €72,821 (+268.8%), from €27,092 to €99,913
- Taxes +€20,373
up €20,373 (+592.7%), from €3,437 to €23,809
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 | €118,899 | €212,045 | +€93,146 | +78.3% |
| Fixed assets | 21/28 | €12,114 | €5,874 | -€6,240 | -51.5% |
| Intangible fixed assets | 21 | €12,114 | €5,874 | -€6,240 | -51.5% |
| Current assets | 29/58 | €106,785 | €206,171 | +€99,386 | +93.1% |
| Amounts receivable within one year | 40/41 | €48,093 | €98,250 | +€50,157 | +104.3% |
| Trade receivables | 40 | €37,290 | €98,226 | +€60,937 | +163.4% |
| Other amounts receivable | 41 | €10,804 | €24 | -€10,780 | -99.8% |
| Cash at bank and in hand | 54/58 | €50,055 | €107,763 | +€57,708 | +115.3% |
| Deferred charges and accrued income | 490/1 | €8,637 | €158 | -€8,479 | -98.2% |
| Total equity and liabilities | 10/49 | €118,899 | €212,045 | +€93,146 | +78.3% |
| Equity | 10/15 | €64,126 | €129,301 | +€65,175 | +101.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,126 | €124,301 | +€65,175 | +110.2% |
| Distributable reserves | 133 | €59,126 | €124,301 | +€65,175 | +110.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,773 | €82,744 | +€27,971 | +51.1% |
| Amounts payable within one year | 42/48 | €54,773 | €82,744 | +€27,971 | +51.1% |
| Trade debts | 44 | €19,092 | €28,183 | +€9,091 | +47.6% |
| Suppliers | 440/4 | €19,092 | €28,183 | +€9,091 | +47.6% |
| Taxes, remuneration and social security | 45 | €1,727 | €20,760 | +€19,033 | +1102.0% |
| Taxes | 450/3 | €1,727 | €20,760 | +€19,033 | +1102.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,954 | €33,802 | -€152 | -0.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,240 | €6,240 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €27,092 | €99,913 | +€72,821 | +268.8% |
| Operating profit (loss) | 9901 | €20,283 | €93,087 | +€72,805 | +358.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,654 | €4,103 | -€551 | -11.8% |
| Recurring financial charges | 65 | €4,654 | €4,103 | -€551 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €15,629 | €88,985 | +€73,355 | +469.3% |
| Income taxes | 67/77 | €3,437 | €23,809 | +€20,373 | +592.7% |
| Profit (loss) for the period | 9904 | €12,192 | €65,175 | +€52,983 | +434.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,192 | €65,175 | +€52,983 | +434.6% |
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 9 October 2026 via checked.be.