NESCAR: 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.
NESCAR
Largest movements
- Tangible fixed assets +€9,447
up €9,447 (+279.9%), from €3,375 to €12,822
- Deferred charges and accrued income +€1,287
up €1,287 (+241.2%), from €534 to €1,820
- Receivables within one year -€310
down €310 (-83.1%), from €373 to €63
of which Trade receivables: -€355
- Cash -€258
down €258 (-9.2%), from €2,818 to €2,559
mainly Investment in fixed assets (net) (-€10,125) and Net result for the year (-€2,114)
- Other debts +€12,400
new in 2025: €12,400
- Profit (loss) carried forward -€2,114
down €2,114 (-47.0%), from €4,499 to €2,386
- Tax, wage and social debts -€1,482
down €1,482 (-80.8%), from €1,835 to €353
- Trade debts +€1,362
up €1,362 (+178.4%), from €763 to €2,125
- Purchases and services -€2,974
down €2,974 (-9.0%), from €32,946 to €29,972
- Depreciation -€2,214
down €2,214 (-76.6%), from €2,893 to €678
- Other operating charges +€1,914
up €1,914 (+154.1%), from €1,243 to €3,157
- Gross operating margin -€889
down €889 (-25.6%), from €3,470 to €2,580
- Financial charges +€621
up €621 (+268.5%), from €231 to €852
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 | €7,099 | €17,264 | +€10,166 | +143.2% |
| Fixed assets | 21/28 | €3,375 | €12,822 | +€9,447 | +279.9% |
| Tangible fixed assets | 22/27 | €3,375 | €12,822 | +€9,447 | +279.9% |
| Furniture and vehicles | 24 | €3,375 | €12,822 | +€9,447 | +279.9% |
| Current assets | 29/58 | €3,724 | €4,443 | +€718 | +19.3% |
| Amounts receivable within one year | 40/41 | €373 | €63 | -€310 | -83.1% |
| Trade receivables | 40 | €355 | - | -€355 | |
| Other amounts receivable | 41 | €18 | €63 | +€45 | +250.0% |
| Cash at bank and in hand | 54/58 | €2,818 | €2,559 | -€258 | -9.2% |
| Deferred charges and accrued income | 490/1 | €534 | €1,820 | +€1,287 | +241.2% |
| Total equity and liabilities | 10/49 | €7,099 | €17,264 | +€10,166 | +143.2% |
| Equity | 10/15 | €4,500 | €2,387 | -€2,114 | -47.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,499 | €2,386 | -€2,114 | -47.0% |
| Amounts payable | 17/49 | €2,598 | €14,878 | +€12,280 | +472.6% |
| Amounts payable within one year | 42/48 | €2,598 | €14,878 | +€12,280 | +472.6% |
| Trade debts | 44 | €763 | €2,125 | +€1,362 | +178.4% |
| Suppliers | 440/4 | €763 | €2,125 | +€1,362 | +178.4% |
| Taxes, remuneration and social security | 45 | €1,835 | €353 | -€1,482 | -80.8% |
| Taxes | 450/3 | €1,835 | €353 | -€1,482 | -80.8% |
| Other amounts payable | 47/48 | - | €12,400 | +€12,400 | |
| Goods, raw materials, services and sundry goods | 60/61 | €32,946 | €29,972 | -€2,974 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,893 | €678 | -€2,214 | -76.6% |
| Other operating charges | 640/8 | €1,243 | €3,157 | +€1,914 | +154.1% |
| Gross operating margin | 9900 | €3,470 | €2,580 | -€889 | -25.6% |
| Operating profit (loss) | 9901 | -€665 | -€1,254 | -€589 | -88.6% |
| Financial charges | 65/66B | €231 | €852 | +€621 | +268.5% |
| Recurring financial charges | 65 | €231 | €852 | +€621 | +268.5% |
| Profit (loss) for the period before taxes | 9903 | -€896 | -€2,106 | -€1,210 | -135.0% |
| Income taxes | 67/77 | €226 | €8 | -€218 | -96.5% |
| Profit (loss) for the period | 9904 | -€1,123 | -€2,114 | -€991 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,123 | -€2,114 | -€991 | -88.3% |
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 11 October 2026 via checked.be.