NESKO ENGINEERING: 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.
NESKO ENGINEERING
Largest movements
- Receivables within one year -€15,594
down €15,594 (-6.6%), from €236,478 to €220,884
of which Trade receivables: -€18,171
- Deferred charges and accrued income -€9,365
down €9,365 (-67.4%), from €13,901 to €4,536
- Cash +€7,619
up €7,619 (+51.9%), from €14,670 to €22,289
mainly Net result for the year (+€21,286) and Depreciation (+€17,494)
- Trade debts -€29,224
down €29,224 (-73.5%), from €39,786 to €10,562
- Reserves +€21,286
up €21,286 (+29.9%), from €71,279 to €92,565
- Other debts -€12,954
down €12,954 (-14.7%), from €88,029 to €75,075
- Current portion of long-term debt +€12,527
new in 2025: €12,527
- Accrued charges and deferred income -€8,567
down €8,567 (-32.9%), from €26,043 to €17,476
- Staff costs +€46,703
up €46,703 (+47.3%), from €98,721 to €145,424
- Gross operating margin +€39,322
up €39,322 (+24.5%), from €160,315 to €199,637
- Depreciation -€3,488
down €3,488 (-16.6%), from €20,982 to €17,494
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 | €296,796 | €275,943 | -€20,854 | -7.0% |
| Fixed assets | 21/28 | €31,748 | €28,234 | -€3,514 | -11.1% |
| Intangible fixed assets | 21 | €3,720 | €2,460 | -€1,260 | -33.9% |
| Tangible fixed assets | 22/27 | €27,988 | €25,734 | -€2,254 | -8.1% |
| Plant, machinery and equipment | 23 | €6,744 | €9,311 | +€2,568 | +38.1% |
| Furniture and vehicles | 24 | €18,470 | €12,020 | -€6,450 | -34.9% |
| Other tangible fixed assets | 26 | €2,775 | €4,403 | +€1,628 | +58.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €265,048 | €247,709 | -€17,340 | -6.5% |
| Amounts receivable within one year | 40/41 | €236,478 | €220,884 | -€15,594 | -6.6% |
| Trade receivables | 40 | €236,474 | €218,303 | -€18,171 | -7.7% |
| Other amounts receivable | 41 | €4 | €2,581 | +€2,577 | +61953.4% |
| Cash at bank and in hand | 54/58 | €14,670 | €22,289 | +€7,619 | +51.9% |
| Deferred charges and accrued income | 490/1 | €13,901 | €4,536 | -€9,365 | -67.4% |
| Total equity and liabilities | 10/49 | €296,796 | €275,943 | -€20,854 | -7.0% |
| Equity | 10/15 | €89,879 | €111,165 | +€21,286 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,279 | €92,565 | +€21,286 | +29.9% |
| Distributable reserves | 133 | €71,279 | €92,565 | +€21,286 | +29.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €206,917 | €164,778 | -€42,139 | -20.4% |
| Amounts payable within one year | 42/48 | €180,874 | €147,302 | -€33,572 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,527 | +€12,527 | |
| Trade debts | 44 | €39,786 | €10,562 | -€29,224 | -73.5% |
| Suppliers | 440/4 | €39,786 | €10,562 | -€29,224 | -73.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €53,059 | €49,139 | -€3,921 | -7.4% |
| Taxes | 450/3 | €37,522 | €26,197 | -€11,325 | -30.2% |
| Remuneration and social security | 454/9 | €15,538 | €22,942 | +€7,404 | +47.7% |
| Other amounts payable | 47/48 | €88,029 | €75,075 | -€12,954 | -14.7% |
| Accrued charges and deferred income | 492/3 | €26,043 | €17,476 | -€8,567 | -32.9% |
| Non-recurring operating income | 76A | €2,262 | €0 | -€2,262 | -100.0% |
| Remuneration, social security and pensions | 62 | €98,721 | €145,424 | +€46,703 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,982 | €17,494 | -€3,488 | -16.6% |
| Other operating charges | 640/8 | €1,912 | €2,699 | +€787 | +41.2% |
| Gross operating margin | 9900 | €160,315 | €199,637 | +€39,322 | +24.5% |
| Operating profit (loss) | 9901 | €38,700 | €34,021 | -€4,679 | -12.1% |
| Financial income | 75/76B | €2,075 | €2,842 | +€767 | +37.0% |
| Recurring financial income | 75 | €2,075 | €2,842 | +€767 | +37.0% |
| Financial charges | 65/66B | €3,696 | €3,158 | -€538 | -14.6% |
| Recurring financial charges | 65 | €3,696 | €3,158 | -€538 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €37,078 | €33,704 | -€3,374 | -9.1% |
| Income taxes | 67/77 | €10,973 | €12,419 | +€1,445 | +13.2% |
| Profit (loss) for the period | 9904 | €26,105 | €21,286 | -€4,819 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,105 | €21,286 | -€4,819 | -18.5% |
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 10 October 2026 via checked.be.