NEST: 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.
NEST
Largest movements
- Stocks and contracts -€212,673
down €212,673 (-100.0%), from €212,673 to €0
- Receivables within one year +€57,441
up €57,441 (+93.0%), from €61,794 to €119,235
of which Other amounts receivable: +€58,977
- Cash -€13,407
down €13,407 (-24.0%), from €55,920 to €42,513
mainly Other debts (-€245,046) and Receivables within one year (-€57,441)
- Other debts -€245,046
down €245,046 (-99.6%), from €246,011 to €966
- Reserves +€79,060
up €79,060 (+145.7%), from €54,279 to €133,339
- Gross operating margin +€25,062
up €25,062 (+33.9%), from €74,036 to €99,097
- Taxes +€1,672
up €1,672 (+9.2%), from €18,093 to €19,765
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 | €340,387 | €171,748 | -€168,639 | -49.5% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €330,387 | €161,748 | -€168,639 | -51.0% |
| Stocks and contracts in progress | 3 | €212,673 | €0 | -€212,673 | -100.0% |
| Stocks | 30/36 | €212,673 | €0 | -€212,673 | -100.0% |
| Amounts receivable within one year | 40/41 | €61,794 | €119,235 | +€57,441 | +93.0% |
| Trade receivables | 40 | €1,536 | €0 | -€1,536 | -100.0% |
| Other amounts receivable | 41 | €60,258 | €119,235 | +€58,977 | +97.9% |
| Cash at bank and in hand | 54/58 | €55,920 | €42,513 | -€13,407 | -24.0% |
| Total equity and liabilities | 10/49 | €340,387 | €171,748 | -€168,639 | -49.5% |
| Equity | 10/15 | €72,279 | €151,339 | +€79,060 | +109.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €54,279 | €133,339 | +€79,060 | +145.7% |
| Distributable reserves | 133 | €54,279 | €133,339 | +€79,060 | +145.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €268,108 | €20,409 | -€247,699 | -92.4% |
| Amounts payable within one year | 42/48 | €268,108 | €20,409 | -€247,699 | -92.4% |
| Trade debts | 44 | €1,891 | €1,309 | -€581 | -30.7% |
| Suppliers | 440/4 | €1,891 | €1,309 | -€581 | -30.7% |
| Taxes, remuneration and social security | 45 | €20,206 | €18,134 | -€2,073 | -10.3% |
| Taxes | 450/3 | €20,206 | €18,134 | -€2,073 | -10.3% |
| Other amounts payable | 47/48 | €246,011 | €966 | -€245,046 | -99.6% |
| Other operating charges | 640/8 | €240 | €194 | -€46 | -19.2% |
| Gross operating margin | 9900 | €74,036 | €99,097 | +€25,062 | +33.9% |
| Operating profit (loss) | 9901 | €73,796 | €98,904 | +€25,108 | +34.0% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100.0% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Financial charges | 65/66B | €24 | €79 | +€55 | +233.4% |
| Recurring financial charges | 65 | €24 | €79 | +€55 | +233.4% |
| Profit (loss) for the period before taxes | 9903 | €73,797 | €98,825 | +€25,027 | +33.9% |
| Income taxes | 67/77 | €18,093 | €19,765 | +€1,672 | +9.2% |
| Profit (loss) for the period | 9904 | €55,704 | €79,060 | +€23,356 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,704 | €79,060 | +€23,356 | +41.9% |
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 6 October 2026 via checked.be.