Nespa: 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.
What changed
Nespa
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21,323
2024 · €13,185+€8,138
Equity
€371,467
2024 · €350,144+€21,323
Cash
€156,802
2024 · €382,858-€226,056
Balance sheet total
€1.4m
2024 · €1.3m+€104,262
Largest movements
Assets
- Receivables within one year +€245,732
up €245,732 (+64.3%), from €382,396 to €628,127
of which Trade receivables: +€284,865
- Cash -€226,056
down €226,056 (-59.0%), from €382,858 to €156,802
mainly Receivables within one year (-€245,732) and Stocks and contracts (-€136,216)
- Stocks and contracts +€136,216
up €136,216 (+37.5%), from €363,116 to €499,332
- Deferred charges and accrued income -€38,140
down €38,140 (-72.6%), from €52,546 to €14,406
Equity and liabilities
- Other debts +€44,895
up €44,895 (+6662.7%), from €674 to €45,569
- Profit (loss) carried forward +€21,323
up €21,323 (+12.6%), from €168,574 to €189,897
- Short-term financial debts +€15,747
up €15,747 (+41.8%), from €37,707 to €53,454
Income statement
- Gross operating margin +€103,554
up €103,554 (+13.8%), from €747,996 to €851,550
- Staff costs +€72,727
up €72,727 (+11.1%), from €655,751 to €728,478
- Financial income -€18,864
down €18,864 (-84.4%), from €22,361 to €3,497
of which Financial income: -€18,851
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.
Result 2024
€13,185
Gross operating margin
+€103,554
Staff costs
-€72,727
Depreciation
+€1,781
Other operating charges
+€1,454
Other operating items
+€4,313
Financial income
-€18,864
Financial charges
-€6,861
Taxes
-€4,513
Result 2025
€21,323
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.
From operations
-€228,526
Investment
-€22,280
Financing
+€24,750
Cash 2024
€382,858
From operations (derived)
-€228,526
Net result for the year
+€21,323
Depreciation
+€35,771
Stocks and contracts
-€136,216
Receivables within one year
-€245,732
Deferred charges and accrued income
+€38,140
Trade debts
+€5,668
Tax, wage and social debts
+€7,671
Other debts
+€44,895
Accrued charges and deferred income
-€46
Investment (derived)
-€22,280
Investment in fixed assets (net)
-€22,280
Financing
+€24,750
Current portion of long-term debt
+€9,003
Short-term financial debts
+€15,747
Cash 2025
€156,802
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,345,067 | €1,449,328 | +€104,262 | +7.8% |
| Fixed assets | 21/28 | €164,152 | €150,661 | -€13,491 | -8.2% |
| Tangible fixed assets | 22/27 | €149,901 | €138,932 | -€10,969 | -7.3% |
| Plant, machinery and equipment | 23 | €127,624 | €116,836 | -€10,788 | -8.5% |
| Furniture and vehicles | 24 | €8,759 | €9,454 | +€695 | +7.9% |
| Other tangible fixed assets | 26 | €13,518 | €12,643 | -€876 | -6.5% |
| Financial fixed assets | 28 | €14,251 | €11,728 | -€2,522 | -17.7% |
| Current assets | 29/58 | €1,180,915 | €1,298,668 | +€117,753 | +10.0% |
| Stocks and contracts in progress | 3 | €363,116 | €499,332 | +€136,216 | +37.5% |
| Stocks | 30/36 | €363,116 | €499,332 | +€136,216 | +37.5% |
| Amounts receivable within one year | 40/41 | €382,396 | €628,127 | +€245,732 | +64.3% |
| Trade receivables | 40 | €278,950 | €563,816 | +€284,865 | +102.1% |
| Other amounts receivable | 41 | €103,445 | €64,312 | -€39,134 | -37.8% |
| Cash at bank and in hand | 54/58 | €382,858 | €156,802 | -€226,056 | -59.0% |
| Deferred charges and accrued income | 490/1 | €52,546 | €14,406 | -€38,140 | -72.6% |
| Total equity and liabilities | 10/49 | €1,345,067 | €1,449,328 | +€104,262 | +7.8% |
| Equity | 10/15 | €350,144 | €371,467 | +€21,323 | +6.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €81,570 | €81,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,570 | - | -€71,570 | |
| Distributable reserves | 133 | - | €71,570 | +€71,570 | |
| Profit (loss) carried forward | 14 | €168,574 | €189,897 | +€21,323 | +12.6% |
| Amounts payable | 17/49 | €994,923 | €1,077,861 | +€82,939 | +8.3% |
| Amounts payable after more than one year | 17 | €6,396 | €6,396 | = | 0.0% |
| Other amounts payable | 178/9 | €6,396 | €6,396 | = | 0.0% |
| Amounts payable within one year | 42/48 | €988,481 | €1,071,466 | +€82,984 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €6,154 | €15,157 | +€9,003 | +146.3% |
| Financial debts | 43 | €37,707 | €53,454 | +€15,747 | +41.8% |
| Credit institutions | 430/8 | €37,707 | €53,454 | +€15,747 | +41.8% |
| Trade debts | 44 | €817,233 | €822,900 | +€5,668 | +0.7% |
| Suppliers | 440/4 | €817,233 | €822,900 | +€5,668 | +0.7% |
| Taxes, remuneration and social security | 45 | €126,714 | €134,385 | +€7,671 | +6.1% |
| Taxes | 450/3 | €4,827 | €6,483 | +€1,655 | +34.3% |
| Remuneration and social security | 454/9 | €121,887 | €127,903 | +€6,016 | +4.9% |
| Other amounts payable | 47/48 | €674 | €45,569 | +€44,895 | +6662.7% |
| Accrued charges and deferred income | 492/3 | €46 | - | -€46 | |
| Non-recurring operating income | 76A | €73,141 | €762 | -€72,379 | -99.0% |
| Remuneration, social security and pensions | 62 | €655,751 | €728,478 | +€72,727 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,552 | €35,771 | -€1,781 | -4.7% |
| Other operating charges | 640/8 | €30,975 | €29,521 | -€1,454 | -4.7% |
| Non-recurring operating charges | 66A | €4,377 | €63 | -€4,313 | -98.6% |
| Gross operating margin | 9900 | €747,996 | €851,550 | +€103,554 | +13.8% |
| Operating profit (loss) | 9901 | €19,341 | €57,717 | +€38,376 | +198.4% |
| Financial income | 75/76B | €22,361 | €3,497 | -€18,864 | -84.4% |
| Recurring financial income | 75 | €22,317 | €3,467 | -€18,851 | -84.5% |
| Non-recurring financial income | 76B | €44 | €30 | -€14 | -31.1% |
| Financial charges | 65/66B | €22,326 | €29,187 | +€6,861 | +30.7% |
| Recurring financial charges | 65 | €22,176 | €25,457 | +€3,281 | +14.8% |
| Non-recurring financial charges | 66B | €150 | €3,731 | +€3,580 | +2379.3% |
| Profit (loss) for the period before taxes | 9903 | €19,376 | €32,026 | +€12,650 | +65.3% |
| Income taxes | 67/77 | €6,190 | €10,703 | +€4,513 | +72.9% |
| Profit (loss) for the period | 9904 | €13,185 | €21,323 | +€8,138 | +61.7% |
| Transfer from tax-exempt reserves | 789 | - | €71,570 | +€71,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,185 | €92,893 | +€79,708 | +604.5% |
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 9 October 2026 via checked.be.