Nectar X: what changed
Two fiscal 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 X
Largest movements
- Cash -€25,079
down €25,079 (-45.2%), from €55,542 to €30,463
mainly Contributions, distributions and other (-€27,830) and Trade debts (-€14,009)
- Tangible fixed assets -€20,915
down €20,915 (-96.7%), from €21,618 to €703
of which Land and buildings: -€20,687
- Receivables within one year -€12,665
down €12,665 (-31.8%), from €39,768 to €27,103
of which Trade receivables: -€16,521
- Reserves -€27,830
down €27,830 (-33.8%), from €82,334 to €54,503
- Trade debts -€14,009
down €14,009 (-92.2%), from €15,188 to €1,179
- Profit (loss) carried forward -€8,318
down €8,318 (-62.7%), from -€13,262 to -€21,580
- Debts after one year -€4,941
down €4,941 (-100.0%), from €4,941 to €0
- Current portion of long-term debt -€3,256
down €3,256 (-39.7%), from €8,197 to €4,941
- Turnover -€129,847
no longer reported in 2025 (was €129,847)
- Purchases and services -€114,482
no longer reported in 2025 (was €114,482)
- Gross operating margin -€6,279
down €6,279 (-28.7%), from €21,844 to €15,566
- Depreciation -€4,560
down €4,560 (-17.9%), from €25,475 to €20,915
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 | €116,954 | €58,667 | -€58,287 | -49.8% |
| Fixed assets | 21/28 | €21,643 | €793 | -€20,850 | -96.3% |
| Tangible fixed assets | 22/27 | €21,618 | €703 | -€20,915 | -96.7% |
| Land and buildings | 22 | €20,687 | €0 | -€20,687 | -100.0% |
| Plant, machinery and equipment | 23 | €931 | €703 | -€228 | -24.5% |
| Financial fixed assets | 28 | €25 | €90 | +€65 | +260.0% |
| Current assets | 29/58 | €95,311 | €57,874 | -€37,437 | -39.3% |
| Amounts receivable within one year | 40/41 | €39,768 | €27,103 | -€12,665 | -31.8% |
| Trade receivables | 40 | €34,240 | €17,719 | -€16,521 | -48.3% |
| Other amounts receivable | 41 | €5,528 | €9,384 | +€3,856 | +69.7% |
| Cash at bank and in hand | 54/58 | €55,542 | €30,463 | -€25,079 | -45.2% |
| Deferred charges and accrued income | 490/1 | - | €308 | +€308 | |
| Total equity and liabilities | 10/49 | €116,954 | €58,667 | -€58,287 | -49.8% |
| Equity | 10/15 | €81,472 | €45,323 | -€36,149 | -44.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €82,334 | €54,503 | -€27,830 | -33.8% |
| Distributable reserves | 133 | €82,334 | €54,503 | -€27,830 | -33.8% |
| Profit (loss) carried forward | 14 | -€13,262 | -€21,580 | -€8,318 | -62.7% |
| Amounts payable | 17/49 | €35,482 | €13,344 | -€22,138 | -62.4% |
| Amounts payable after more than one year | 17 | €4,941 | €0 | -€4,941 | -100.0% |
| Financial debts | 170/4 | €4,941 | €0 | -€4,941 | -100.0% |
| Amounts payable within one year | 42/48 | €30,541 | €13,344 | -€17,197 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €8,197 | €4,941 | -€3,256 | -39.7% |
| Trade debts | 44 | €15,188 | €1,179 | -€14,009 | -92.2% |
| Suppliers | 440/4 | €15,188 | €1,179 | -€14,009 | -92.2% |
| Taxes, remuneration and social security | 45 | €7,157 | €7,224 | +€67 | +0.9% |
| Taxes | 450/3 | €7,157 | €7,224 | +€67 | +0.9% |
| Turnover | 70 | €129,847 | - | -€129,847 | |
| Goods, raw materials, services and sundry goods | 60/61 | €114,482 | - | -€114,482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,475 | €20,915 | -€4,560 | -17.9% |
| Other operating charges | 640/8 | €2,817 | €2,216 | -€601 | -21.3% |
| Gross operating margin | 9900 | €21,844 | €15,566 | -€6,279 | -28.7% |
| Operating profit (loss) | 9901 | -€6,448 | -€7,565 | -€1,117 | -17.3% |
| Financial income | 75/76B | €1 | €334 | +€334 | +65474.5% |
| Recurring financial income | 75 | €1 | €334 | +€334 | +65474.5% |
| Financial charges | 65/66B | €859 | €607 | -€251 | -29.2% |
| Recurring financial charges | 65 | €859 | €607 | -€251 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,306 | -€7,838 | -€532 | -7.3% |
| Income taxes | 67/77 | €234 | €480 | +€246 | +105.1% |
| Profit (loss) for the period | 9904 | -€7,540 | -€8,318 | -€778 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,540 | -€8,318 | -€778 | -10.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.