NESH: what changed
NESH
Largest movements
- Tangible fixed assets -€11,610
down €11,610 (-37.6%), from €30,880 to €19,270
- Receivables within one year -€6,765
down €6,765 (-13.9%), from €48,735 to €41,970
of which Trade receivables: -€14,365
- Deferred charges and accrued income +€1,043
new in 2025: €1,043
- Trade debts -€10,083
down €10,083 (-32.4%), from €31,144 to €21,061
- Debts after one year -€7,841
down €7,841 (-17.9%), from €43,735 to €35,895
- Profit (loss) carried forward +€3,167
up €3,167 (+23.9%), from -€13,259 to -€10,092
- Short-term financial debts -€2,598
no longer reported in 2025 (was €2,598)
- Turnover -€72,665
no longer reported in 2025 (was €72,665)
- Purchases and services +€18,469
up €18,469 (+33.0%), from €55,963 to €74,432
- Financial charges -€2,318
down €2,318 (-42.0%), from €5,523 to €3,205
- Gross operating margin +€2,274
up €2,274 (+13.2%), from €17,264 to €19,538
- Other operating charges -€1,265
down €1,265 (-49.3%), from €2,564 to €1,299
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,623 | €62,358 | -€17,265 | -21.7% |
| Fixed assets | 21/28 | €30,888 | €19,270 | -€11,618 | -37.6% |
| Intangible fixed assets | 21 | €8 | - | -€8 | |
| Tangible fixed assets | 22/27 | €30,880 | €19,270 | -€11,610 | -37.6% |
| Furniture and vehicles | 24 | €30,880 | €19,270 | -€11,610 | -37.6% |
| Current assets | 29/58 | €48,735 | €43,087 | -€5,647 | -11.6% |
| Amounts receivable within one year | 40/41 | €48,735 | €41,970 | -€6,765 | -13.9% |
| Trade receivables | 40 | €23,085 | €8,720 | -€14,365 | -62.2% |
| Other amounts receivable | 41 | €25,650 | €33,250 | +€7,600 | +29.6% |
| Cash at bank and in hand | 54/58 | - | €75 | +€75 | |
| Deferred charges and accrued income | 490/1 | - | €1,043 | +€1,043 | |
| Total equity and liabilities | 10/49 | €79,623 | €62,358 | -€17,265 | -21.7% |
| Equity | 10/15 | -€11,759 | -€8,592 | +€3,167 | +26.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,259 | -€10,092 | +€3,167 | +23.9% |
| Amounts payable | 17/49 | €91,382 | €70,950 | -€20,432 | -22.4% |
| Amounts payable after more than one year | 17 | €43,735 | €35,895 | -€7,841 | -17.9% |
| Financial debts | 170/4 | €43,735 | €35,895 | -€7,841 | -17.9% |
| Amounts payable within one year | 42/48 | €47,647 | €35,056 | -€12,591 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €7,294 | €7,384 | +€90 | +1.2% |
| Financial debts | 43 | €2,598 | - | -€2,598 | |
| Credit institutions | 430/8 | €2,598 | - | -€2,598 | |
| Trade debts | 44 | €31,144 | €21,061 | -€10,083 | -32.4% |
| Suppliers | 440/4 | €31,144 | €21,061 | -€10,083 | -32.4% |
| Other amounts payable | 47/48 | €6,610 | €6,610 | = | 0.0% |
| Turnover | 70 | €72,665 | - | -€72,665 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,963 | €74,432 | +€18,469 | +33.0% |
| Remuneration, social security and pensions | 62 | €275 | - | -€275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,180 | €11,618 | -€563 | -4.6% |
| Other operating charges | 640/8 | €2,564 | €1,299 | -€1,265 | -49.3% |
| Non-recurring operating charges | 66A | €250 | €250 | = | 0.0% |
| Gross operating margin | 9900 | €17,264 | €19,538 | +€2,274 | +13.2% |
| Operating profit (loss) | 9901 | €1,995 | €6,372 | +€4,377 | +219% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,523 | €3,205 | -€2,318 | -42.0% |
| Recurring financial charges | 65 | €5,523 | €3,205 | -€2,318 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,528 | €3,167 | +€6,695 | |
| Profit (loss) for the period | 9904 | -€3,528 | €3,167 | +€6,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,528 | €3,167 | +€6,695 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.