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
- Cash -€48,564
down €48,564 (-47.5%), from €102,320 to €53,757
mainly Receivables within one year (-€42,911) and Investment in fixed assets (net) (-€29,529)
- Receivables within one year +€42,911
new in 2025: €42,911
of which Trade receivables: +€28,917
- Tangible fixed assets +€23,489
new in 2025: €23,489
- Profit (loss) carried forward +€17,533
up €17,533 (+34.3%), from €51,052 to €68,586
- Debts after one year +€15,890
new in 2025: €15,890
- Tax, wage and social debts -€14,949
down €14,949 (-41.7%), from €35,817 to €20,868
of which Taxes: -€14,533
- Other debts -€14,451
down €14,451 (-100.0%), from €14,451 to €0
- Current portion of long-term debt +€9,146
new in 2025: €9,146
- Gross operating margin -€30,750
down €30,750 (-48.1%), from €63,970 to €33,220
- Taxes -€6,436
down €6,436 (-50.2%), from €12,810 to €6,374
- Depreciation +€6,040
up €6,040, from €0 to €6,040
- Other operating charges +€2,865
up €2,865 (+2715.5%), from €106 to €2,970
- Financial charges +€787
up €787 (+31488.0%), from €3 to €790
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 | €102,320 | €120,156 | +€17,836 | +17.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | - | €23,489 | +€23,489 | |
| Tangible fixed assets | 22/27 | - | €23,489 | +€23,489 | |
| Furniture and vehicles | 24 | - | €23,489 | +€23,489 | |
| Current assets | 29/58 | €102,320 | €96,667 | -€5,653 | -5.5% |
| Amounts receivable within one year | 40/41 | - | €42,911 | +€42,911 | |
| Trade receivables | 40 | - | €28,917 | +€28,917 | |
| Other amounts receivable | 41 | - | €13,994 | +€13,994 | |
| Cash at bank and in hand | 54/58 | €102,320 | €53,757 | -€48,564 | -47.5% |
| Total equity and liabilities | 10/49 | €102,320 | €120,156 | +€17,836 | +17.4% |
| Equity | 10/15 | €52,052 | €69,586 | +€17,533 | +33.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,052 | €68,586 | +€17,533 | +34.3% |
| Amounts payable | 17/49 | €50,268 | €50,571 | +€302 | +0.6% |
| Amounts payable after more than one year | 17 | - | €15,890 | +€15,890 | |
| Financial debts | 170/4 | - | €15,890 | +€15,890 | |
| Amounts payable within one year | 42/48 | €50,268 | €34,681 | -€15,588 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,146 | +€9,146 | |
| Trade debts | 44 | - | €4,667 | +€4,667 | |
| Suppliers | 440/4 | - | €4,667 | +€4,667 | |
| Taxes, remuneration and social security | 45 | €35,817 | €20,868 | -€14,949 | -41.7% |
| Taxes | 450/3 | €35,377 | €20,844 | -€14,533 | -41.1% |
| Remuneration and social security | 454/9 | €440 | €24 | -€416 | -94.5% |
| Other amounts payable | 47/48 | €14,451 | €0 | -€14,451 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €6,040 | +€6,040 | |
| Other operating charges | 640/8 | €106 | €2,970 | +€2,865 | +2715.5% |
| Gross operating margin | 9900 | €63,970 | €33,220 | -€30,750 | -48.1% |
| Operating profit (loss) | 9901 | €63,865 | €24,210 | -€39,655 | -62.1% |
| Financial income | 75/76B | - | €487 | +€487 | |
| Recurring financial income | 75 | - | €487 | +€487 | |
| Financial charges | 65/66B | €3 | €790 | +€787 | +31488.0% |
| Recurring financial charges | 65 | €3 | €790 | +€787 | +31488.0% |
| Profit (loss) for the period before taxes | 9903 | €63,862 | €23,908 | -€39,955 | -62.6% |
| Income taxes | 67/77 | €12,810 | €6,374 | -€6,436 | -50.2% |
| Profit (loss) for the period | 9904 | €51,052 | €17,533 | -€33,519 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,052 | €17,533 | -€33,519 | -65.7% |
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.