NESPART: 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.
NESPART
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+114.3%), from €897,732 to €1.9m
of which Trade receivables: +€960,547
- Stocks and contracts +€511,962
up €511,962 (+108.0%), from €474,179 to €986,141
- Cash +€415,844
up €415,844 (+557.6%), from €74,578 to €490,422
mainly Net result for the year (+€1.3m) and Other debts (+€715,877)
- Tangible fixed assets +€99,699
up €99,699 (+2479.9%), from €4,020 to €103,719
of which Furniture and vehicles: +€93,161
- Intangible fixed assets +€42,026
up €42,026 (+34.4%), from €122,299 to €164,325
- Other debts +€715,877
new in 2024: €715,877
- Debts after one year +€625,906
up €625,906 (+413.7%), from €151,298 to €777,204
- Reserves +€463,100
new in 2024: €463,100
- Profit (loss) carried forward +€273,096
up €273,096 (+111.1%), from €245,769 to €518,865
- Current portion of long-term debt -€224,054
down €224,054 (-32.8%), from €682,082 to €458,028
- Gross operating margin +€1.7m
up €1.7m (+237.7%), from €696,130 to €2.4m
- Taxes +€375,175
up €375,175 (+576.8%), from €65,050 to €440,225
- Staff costs +€146,885
up €146,885 (+55.8%), from €263,024 to €409,909
- Depreciation +€40,856
up €40,856 (+109.7%), from €37,239 to €78,094
- Financial charges +€37,581
up €37,581 (+100.7%), from €37,328 to €74,910
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,616,970 | €3,722,472 | +€2.1m | +130.2% |
| Fixed assets | 21/28 | €129,010 | €270,735 | +€141,725 | +109.9% |
| Intangible fixed assets | 21 | €122,299 | €164,325 | +€42,026 | +34.4% |
| Tangible fixed assets | 22/27 | €4,020 | €103,719 | +€99,699 | +2479.9% |
| Plant, machinery and equipment | 23 | €2,934 | €9,471 | +€6,538 | +222.8% |
| Furniture and vehicles | 24 | €1,087 | €94,248 | +€93,161 | +8574.3% |
| Financial fixed assets | 28 | €2,691 | €2,691 | = | 0.0% |
| Current assets | 29/58 | €1,487,960 | €3,451,737 | +€2.0m | +132.0% |
| Stocks and contracts in progress | 3 | €474,179 | €986,141 | +€511,962 | +108.0% |
| Stocks | 30/36 | €474,179 | €986,141 | +€511,962 | +108.0% |
| Amounts receivable within one year | 40/41 | €897,732 | €1,923,945 | +€1.0m | +114.3% |
| Trade receivables | 40 | €871,053 | €1,831,601 | +€960,547 | +110.3% |
| Other amounts receivable | 41 | €26,678 | €92,344 | +€65,666 | +246.1% |
| Cash at bank and in hand | 54/58 | €74,578 | €490,422 | +€415,844 | +557.6% |
| Deferred charges and accrued income | 490/1 | €41,472 | €51,229 | +€9,758 | +23.5% |
| Total equity and liabilities | 10/49 | €1,616,970 | €3,722,472 | +€2.1m | +130.2% |
| Equity | 10/15 | €449,369 | €1,185,565 | +€736,196 | +163.8% |
| Contributions | 10/11 | €203,600 | €203,600 | = | 0.0% |
| Reserves | 13 | - | €463,100 | +€463,100 | |
| Tax-exempt reserves | 132 | - | €463,100 | +€463,100 | |
| Profit (loss) carried forward | 14 | €245,769 | €518,865 | +€273,096 | +111.1% |
| Amounts payable | 17/49 | €1,167,601 | €2,536,908 | +€1.4m | +117.3% |
| Amounts payable after more than one year | 17 | €151,298 | €777,204 | +€625,906 | +413.7% |
| Financial debts | 170/4 | €151,298 | €777,204 | +€625,906 | +413.7% |
| Amounts payable within one year | 42/48 | €1,016,303 | €1,753,777 | +€737,474 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €682,082 | €458,028 | -€224,054 | -32.8% |
| Trade debts | 44 | €273,975 | €437,136 | +€163,161 | +59.6% |
| Suppliers | 440/4 | €273,975 | €437,136 | +€163,161 | +59.6% |
| Taxes, remuneration and social security | 45 | €60,246 | €142,736 | +€82,489 | +136.9% |
| Taxes | 450/3 | €29,926 | €107,642 | +€77,716 | +259.7% |
| Remuneration and social security | 454/9 | €30,321 | €35,094 | +€4,774 | +15.7% |
| Other amounts payable | 47/48 | - | €715,877 | +€715,877 | |
| Accrued charges and deferred income | 492/3 | - | €5,926 | +€5,926 | |
| Remuneration, social security and pensions | 62 | €263,024 | €409,909 | +€146,885 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,239 | €78,094 | +€40,856 | +109.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,045 | €12,230 | -€3,815 | -23.8% |
| Other operating charges | 640/8 | - | €4,308 | +€4,308 | |
| Gross operating margin | 9900 | €696,130 | €2,350,780 | +€1.7m | +237.7% |
| Operating profit (loss) | 9901 | €379,823 | €1,846,239 | +€1.5m | +386.1% |
| Financial income | 75/76B | - | €969 | +€969 | |
| Recurring financial income | 75 | - | €969 | +€969 | |
| Financial charges | 65/66B | €37,328 | €74,910 | +€37,581 | +100.7% |
| Recurring financial charges | 65 | €37,328 | €74,910 | +€37,581 | +100.7% |
| Profit (loss) for the period before taxes | 9903 | €342,495 | €1,772,298 | +€1.4m | +417.5% |
| Income taxes | 67/77 | €65,050 | €440,225 | +€375,175 | +576.8% |
| Profit (loss) for the period | 9904 | €277,445 | €1,332,073 | +€1.1m | +380.1% |
| Transfer to tax-exempt reserves | 689 | - | €463,100 | +€463,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €277,445 | €868,973 | +€591,528 | +213.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.