NESSI: 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.
NESSI
Largest movements
- Receivables within one year -€272,702
down €272,702 (-32.6%), from €835,519 to €562,817
of which Trade receivables: -€177,951
- Cash -€194,683
down €194,683 (-58.2%), from €334,230 to €139,548
mainly Trade debts (-€181,362) and Other debts (-€149,411)
- Current investments +€23,415
up €23,415 (+33.3%), from €70,244 to €93,659
- Tangible fixed assets -€16,381
down €16,381 (-55.7%), from €29,423 to €13,042
of which Plant, machinery and equipment: -€14,277
- Intangible fixed assets +€16,094
up €16,094 (+86.4%), from €18,638 to €34,732
- Trade debts -€181,362
down €181,362 (-33.3%), from €543,855 to €362,493
- Other debts -€149,411
down €149,411 (-74.7%), from €200,000 to €50,589
- Profit (loss) carried forward -€63,592
down €63,592 (-22.0%), from €289,066 to €225,475
- Accrued charges and deferred income -€43,512
down €43,512 (-76.7%), from €56,708 to €13,196
- Tax, wage and social debts -€15,681
down €15,681 (-10.2%), from €154,433 to €138,752
of which Remuneration and social security: -€30,021
- Gross operating margin -€113,435
down €113,435 (-7.5%), from €1.5m to €1.4m
- Taxes -€40,285
down €40,285 (-93.8%), from €42,940 to €2,654
- Staff costs +€22,709
up €22,709 (+1.6%), from €1.4m to €1.4m
- Depreciation +€17,361
up €17,361 (+130.5%), from €13,305 to €30,666
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 | €1,312,703 | €859,145 | -€453,558 | -34.6% |
| Fixed assets | 21/28 | €53,241 | €52,954 | -€287 | -0.5% |
| Intangible fixed assets | 21 | €18,638 | €34,732 | +€16,094 | +86.4% |
| Tangible fixed assets | 22/27 | €29,423 | €13,042 | -€16,381 | -55.7% |
| Plant, machinery and equipment | 23 | €25,305 | €11,028 | -€14,277 | -56.4% |
| Furniture and vehicles | 24 | €3,299 | €2,007 | -€1,292 | -39.2% |
| Other tangible fixed assets | 26 | €820 | €7 | -€813 | -99.1% |
| Financial fixed assets | 28 | €5,180 | €5,180 | = | 0.0% |
| Current assets | 29/58 | €1,259,461 | €806,191 | -€453,271 | -36.0% |
| Amounts receivable within one year | 40/41 | €835,519 | €562,817 | -€272,702 | -32.6% |
| Trade receivables | 40 | €714,341 | €536,390 | -€177,951 | -24.9% |
| Other amounts receivable | 41 | €121,178 | €26,427 | -€94,751 | -78.2% |
| Current investments | 50/53 | €70,244 | €93,659 | +€23,415 | +33.3% |
| Cash at bank and in hand | 54/58 | €334,230 | €139,548 | -€194,683 | -58.2% |
| Deferred charges and accrued income | 490/1 | €19,468 | €10,168 | -€9,301 | -47.8% |
| Total equity and liabilities | 10/49 | €1,312,703 | €859,145 | -€453,558 | -34.6% |
| Equity | 10/15 | €357,706 | €294,115 | -€63,592 | -17.8% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Capital | 10 | €62,400 | €62,400 | = | 0.0% |
| Issued capital | 100 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €6,240 | €6,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,240 | €6,240 | = | 0.0% |
| Legal reserve | 130 | €6,240 | €6,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,066 | €225,475 | -€63,592 | -22.0% |
| Amounts payable | 17/49 | €954,996 | €565,030 | -€389,966 | -40.8% |
| Amounts payable within one year | 42/48 | €898,288 | €551,834 | -€346,454 | -38.6% |
| Trade debts | 44 | €543,855 | €362,493 | -€181,362 | -33.3% |
| Suppliers | 440/4 | €543,855 | €362,493 | -€181,362 | -33.3% |
| Taxes, remuneration and social security | 45 | €154,433 | €138,752 | -€15,681 | -10.2% |
| Taxes | 450/3 | - | €14,340 | +€14,340 | |
| Remuneration and social security | 454/9 | €154,433 | €124,412 | -€30,021 | -19.4% |
| Other amounts payable | 47/48 | €200,000 | €50,589 | -€149,411 | -74.7% |
| Accrued charges and deferred income | 492/3 | €56,708 | €13,196 | -€43,512 | -76.7% |
| Remuneration, social security and pensions | 62 | €1,408,934 | €1,431,642 | +€22,709 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,305 | €30,666 | +€17,361 | +130.5% |
| Other operating charges | 640/8 | €1,568 | €618 | -€950 | -60.6% |
| Gross operating margin | 9900 | €1,513,782 | €1,400,347 | -€113,435 | -7.5% |
| Operating profit (loss) | 9901 | €89,975 | -€62,579 | -€152,554 | |
| Financial income | 75/76B | €5,006 | €3,252 | -€1,754 | -35.0% |
| Recurring financial income | 75 | €5,006 | €3,252 | -€1,754 | -35.0% |
| Financial charges | 65/66B | €979 | €1,611 | +€632 | +64.5% |
| Recurring financial charges | 65 | €979 | €1,611 | +€632 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €94,002 | -€60,938 | -€154,939 | |
| Income taxes | 67/77 | €42,940 | €2,654 | -€40,285 | -93.8% |
| Profit (loss) for the period | 9904 | €51,062 | -€63,592 | -€114,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,062 | -€63,592 | -€114,654 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.