NES: 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.
NES
Largest movements
- Receivables within one year -€22,950
down €22,950 (-75.2%), from €30,515 to €7,565
of which Other amounts receivable: -€11,649
- Tangible fixed assets +€16,725
new in 2025: €16,725
- Profit (loss) carried forward -€23,488
down €23,488, from €16,180 to -€7,308
- Debts after one year +€18,213
new in 2025: €18,213
- Tax, wage and social debts -€1,331
down €1,331 (-86.1%), from €1,546 to €215
- Gross operating margin -€3,380
down €3,380 (-21.8%), from -€15,524 to -€18,904
- Depreciation +€2,791
new in 2025: €2,791
- Financial charges +€216
up €216 (+32.4%), from €667 to €883
- Taxes -€206
down €206 (-97.9%), from €211 to €4
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 | €30,815 | €24,346 | -€6,469 | -21.0% |
| Fixed assets | 21/28 | - | €16,725 | +€16,725 | |
| Tangible fixed assets | 22/27 | - | €16,725 | +€16,725 | |
| Furniture and vehicles | 24 | - | €16,725 | +€16,725 | |
| Current assets | 29/58 | €30,815 | €7,621 | -€23,194 | -75.3% |
| Amounts receivable within one year | 40/41 | €30,515 | €7,565 | -€22,950 | -75.2% |
| Trade receivables | 40 | €11,300 | - | -€11,300 | |
| Other amounts receivable | 41 | €19,214 | €7,565 | -€11,649 | -60.6% |
| Cash at bank and in hand | 54/58 | €300 | €56 | -€244 | -81.4% |
| Total equity and liabilities | 10/49 | €30,815 | €24,346 | -€6,469 | -21.0% |
| Equity | 10/15 | €29,240 | €5,752 | -€23,488 | -80.3% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Outside capital | 11 | €11,200 | €11,200 | = | 0.0% |
| Other | 1109/19 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,180 | -€7,308 | -€23,488 | |
| Amounts payable | 17/49 | €1,575 | €18,593 | +€17,019 | +1080.9% |
| Amounts payable after more than one year | 17 | - | €18,213 | +€18,213 | |
| Financial debts | 170/4 | - | €18,213 | +€18,213 | |
| Amounts payable within one year | 42/48 | €1,575 | €380 | -€1,194 | -75.9% |
| Trade debts | 44 | €29 | €165 | +€136 | +469.0% |
| Suppliers | 440/4 | €29 | €165 | +€136 | +469.0% |
| Taxes, remuneration and social security | 45 | €1,546 | €215 | -€1,331 | -86.1% |
| Taxes | 450/3 | €1,546 | €215 | -€1,331 | -86.1% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,791 | +€2,791 | |
| Other operating charges | 640/8 | €872 | €735 | -€136 | -15.6% |
| Non-recurring operating charges | 66A | €3,575 | - | -€3,575 | |
| Gross operating margin | 9900 | -€15,524 | -€18,904 | -€3,380 | -21.8% |
| Operating profit (loss) | 9901 | -€20,134 | -€22,600 | -€2,467 | -12.3% |
| Financial charges | 65/66B | €667 | €883 | +€216 | +32.4% |
| Recurring financial charges | 65 | €667 | €883 | +€216 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,801 | -€23,484 | -€2,683 | -12.9% |
| Income taxes | 67/77 | €211 | €4 | -€206 | -97.9% |
| Profit (loss) for the period | 9904 | -€21,012 | -€23,488 | -€2,476 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,012 | -€23,488 | -€2,476 | -11.8% |
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 7 October 2026 via checked.be.