Nesaia: 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.
Nesaia
Largest movements
- Tangible fixed assets -€328,683
down €328,683 (-8.3%), from €3.9m to €3.6m
of which Plant, machinery and equipment: -€305,000
- Debts after one year -€276,735
down €276,735 (-8.6%), from €3.2m to €2.9m
- Other debts -€52,436
down €52,436 (-93.3%), from €56,190 to €3,754
- Gross operating margin +€28,786
up €28,786 (+7.3%), from €394,785 to €423,571
- Depreciation +€8,311
up €8,311 (+2.6%), from €320,372 to €328,683
- Financial charges -€7,549
down €7,549 (-6.4%), from €117,938 to €110,390
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 | €4,156,385 | €3,808,878 | -€347,507 | -8.4% |
| Fixed assets | 21/28 | €3,939,330 | €3,610,647 | -€328,683 | -8.3% |
| Tangible fixed assets | 22/27 | €3,939,330 | €3,610,647 | -€328,683 | -8.3% |
| Plant, machinery and equipment | 23 | €3,827,123 | €3,522,123 | -€305,000 | -8.0% |
| Furniture and vehicles | 24 | €92,867 | €71,444 | -€21,423 | -23.1% |
| Other tangible fixed assets | 26 | €19,339 | €17,080 | -€2,259 | -11.7% |
| Current assets | 29/58 | €217,055 | €198,230 | -€18,824 | -8.7% |
| Amounts receivable within one year | 40/41 | €46,794 | €49,350 | +€2,556 | +5.5% |
| Trade receivables | 40 | €46,213 | €43,025 | -€3,188 | -6.9% |
| Other amounts receivable | 41 | €581 | €6,325 | +€5,744 | +988.1% |
| Cash at bank and in hand | 54/58 | €170,260 | €148,880 | -€21,381 | -12.6% |
| Total equity and liabilities | 10/49 | €4,156,385 | €3,808,878 | -€347,507 | -8.4% |
| Equity | 10/15 | €598,509 | €580,932 | -€17,577 | -2.9% |
| Contributions | 10/11 | €630,000 | €630,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,491 | -€49,068 | -€17,577 | -55.8% |
| Amounts payable | 17/49 | €3,557,875 | €3,227,946 | -€329,930 | -9.3% |
| Amounts payable after more than one year | 17 | €3,211,285 | €2,934,550 | -€276,735 | -8.6% |
| Financial debts | 170/4 | €3,211,285 | €2,934,550 | -€276,735 | -8.6% |
| Amounts payable within one year | 42/48 | €334,241 | €282,639 | -€51,601 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €276,184 | €276,735 | +€551 | +0.2% |
| Trade debts | 44 | €1,366 | €1,151 | -€216 | -15.8% |
| Suppliers | 440/4 | €1,366 | €1,151 | -€216 | -15.8% |
| Taxes, remuneration and social security | 45 | €500 | €1,000 | +€500 | +100.0% |
| Taxes | 450/3 | €500 | €1,000 | +€500 | +100.0% |
| Other amounts payable | 47/48 | €56,190 | €3,754 | -€52,436 | -93.3% |
| Accrued charges and deferred income | 492/3 | €12,349 | €10,756 | -€1,593 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320,372 | €328,683 | +€8,311 | +2.6% |
| Other operating charges | 640/8 | €1,987 | €1,600 | -€387 | -19.5% |
| Gross operating margin | 9900 | €394,785 | €423,571 | +€28,786 | +7.3% |
| Operating profit (loss) | 9901 | €72,426 | €93,288 | +€20,862 | +28.8% |
| Financial income | 75/76B | €18 | €33 | +€15 | +84.1% |
| Recurring financial income | 75 | €18 | €33 | +€15 | +84.1% |
| Financial charges | 65/66B | €117,938 | €110,390 | -€7,549 | -6.4% |
| Recurring financial charges | 65 | €117,938 | €110,390 | -€7,549 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,494 | -€17,069 | +€28,426 | +62.5% |
| Income taxes | 67/77 | €30 | €509 | +€479 | +1614.9% |
| Profit (loss) for the period | 9904 | -€45,524 | -€17,577 | +€27,947 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,524 | -€17,577 | +€27,947 | +61.4% |
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 8 October 2026 via checked.be.