Nectart: 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.
Nectart
Largest movements
- Receivables within one year -€31,862
down €31,862 (-67.6%), from €47,140 to €15,278
of which Trade receivables: -€26,622
- Tangible fixed assets -€6,280
down €6,280 (-51.3%), from €12,252 to €5,972
of which Plant, machinery and equipment: -€3,728
- Cash -€769
down €769 (-13.6%), from €5,652 to €4,883
mainly Net result for the year (-€29,257) and Trade debts (-€26,515)
- Profit (loss) carried forward -€29,257
down €29,257, from €24,357 to -€4,900
- Trade debts -€26,515
down €26,515 (-84.4%), from €31,405 to €4,890
- Other debts +€20,036
up €20,036, from €0 to €20,036
- Tax, wage and social debts -€3,181
down €3,181 (-38.0%), from €8,379 to €5,198
- Gross operating margin -€45,134
down €45,134, from €24,646 to -€20,488
- Taxes -€4,111
down €4,111 (-97.9%), from €4,201 to €90
- Financial charges -€1,029
down €1,029 (-46.2%), from €2,229 to €1,199
- Financial income -€1,007
down €1,007 (-99.7%), from €1,010 to €3
- Depreciation +€857
up €857 (+15.8%), from €5,423 to €6,280
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 | €66,641 | €28,317 | -€38,323 | -57.5% |
| Fixed assets | 21/28 | €12,252 | €5,972 | -€6,280 | -51.3% |
| Tangible fixed assets | 22/27 | €12,252 | €5,972 | -€6,280 | -51.3% |
| Plant, machinery and equipment | 23 | €7,841 | €4,113 | -€3,728 | -47.5% |
| Furniture and vehicles | 24 | €4,411 | €1,859 | -€2,552 | -57.9% |
| Current assets | 29/58 | €54,389 | €22,345 | -€32,043 | -58.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,140 | €15,278 | -€31,862 | -67.6% |
| Trade receivables | 40 | €28,986 | €2,364 | -€26,622 | -91.8% |
| Other amounts receivable | 41 | €18,154 | €12,914 | -€5,240 | -28.9% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,652 | €4,883 | -€769 | -13.6% |
| Deferred charges and accrued income | 490/1 | €1,097 | €1,684 | +€587 | +53.5% |
| Total equity and liabilities | 10/49 | €66,641 | €28,317 | -€38,323 | -57.5% |
| Equity | 10/15 | €26,857 | -€2,400 | -€29,257 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,357 | -€4,900 | -€29,257 | |
| Amounts payable | 17/49 | €39,784 | €30,717 | -€9,067 | -22.8% |
| Amounts payable within one year | 42/48 | €39,784 | €30,717 | -€9,067 | -22.8% |
| Financial debts | 43 | - | €594 | +€594 | |
| Credit institutions | 430/8 | - | €594 | +€594 | |
| Trade debts | 44 | €31,405 | €4,890 | -€26,515 | -84.4% |
| Suppliers | 440/4 | €31,405 | €4,890 | -€26,515 | -84.4% |
| Taxes, remuneration and social security | 45 | €8,379 | €5,198 | -€3,181 | -38.0% |
| Taxes | 450/3 | €8,379 | €5,198 | -€3,181 | -38.0% |
| Other amounts payable | 47/48 | €0 | €20,036 | +€20,036 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,423 | €6,280 | +€857 | +15.8% |
| Other operating charges | 640/8 | €1,638 | €1,202 | -€437 | -26.7% |
| Gross operating margin | 9900 | €24,646 | -€20,488 | -€45,134 | |
| Operating profit (loss) | 9901 | €17,584 | -€27,970 | -€45,554 | |
| Financial income | 75/76B | €1,010 | €3 | -€1,007 | -99.7% |
| Recurring financial income | 75 | €1,010 | €3 | -€1,007 | -99.7% |
| Financial charges | 65/66B | €2,229 | €1,199 | -€1,029 | -46.2% |
| Recurring financial charges | 65 | €2,229 | €1,199 | -€1,029 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €16,366 | -€29,167 | -€45,533 | |
| Income taxes | 67/77 | €4,201 | €90 | -€4,111 | -97.9% |
| Profit (loss) for the period | 9904 | €12,165 | -€29,257 | -€41,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,165 | -€29,257 | -€41,421 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.