NEST 3: 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.
NEST 3
Largest movements
- Cash -€304,864
down €304,864 (-94.4%), from €323,108 to €18,244
mainly Stocks and contracts (-€224,025) and Contributions, distributions and other (-€117,597)
- Stocks and contracts +€224,025
up €224,025, from €0 to €224,025
- Other debts +€116,540
up €116,540 (+11022.9%), from €1,057 to €117,597
- Reserves -€108,377
down €108,377 (-21.9%), from €495,999 to €387,621
- Trade debts -€50,568
down €50,568 (-99.0%), from €51,068 to €500
- Tax, wage and social debts -€32,709
down €32,709 (-47.7%), from €68,577 to €35,868
- Gross operating margin -€173,493
down €173,493, from €172,105 to -€1,388
- Taxes -€66,746
down €66,746 (-93.6%), from €71,307 to €4,561
- Financial income -€34,244
down €34,244 (-66.9%), from €51,177 to €16,932
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 | €636,701 | €561,586 | -€75,114 | -11.8% |
| Fixed assets | 21/28 | €2,397 | €1,797 | -€600 | -25.0% |
| Tangible fixed assets | 22/27 | €2,397 | €1,797 | -€600 | -25.0% |
| Furniture and vehicles | 24 | €2,397 | €1,797 | -€600 | -25.0% |
| Current assets | 29/58 | €634,304 | €559,790 | -€74,514 | -11.7% |
| Stocks and contracts in progress | 3 | €0 | €224,025 | +€224,025 | |
| Stocks | 30/36 | €0 | €224,025 | +€224,025 | |
| Amounts receivable within one year | 40/41 | €311,196 | €317,521 | +€6,325 | +2.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €311,196 | €317,521 | +€6,325 | +2.0% |
| Cash at bank and in hand | 54/58 | €323,108 | €18,244 | -€304,864 | -94.4% |
| Total equity and liabilities | 10/49 | €636,701 | €561,586 | -€75,114 | -11.8% |
| Equity | 10/15 | €515,999 | €407,621 | -€108,377 | -21.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €495,999 | €387,621 | -€108,377 | -21.9% |
| Distributable reserves | 133 | €495,999 | €387,621 | -€108,377 | -21.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €120,702 | €153,965 | +€33,263 | +27.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €120,702 | €153,965 | +€33,263 | +27.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €51,068 | €500 | -€50,568 | -99.0% |
| Suppliers | 440/4 | €51,068 | €500 | -€50,568 | -99.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €68,577 | €35,868 | -€32,709 | -47.7% |
| Taxes | 450/3 | €68,577 | €35,868 | -€32,709 | -47.7% |
| Other amounts payable | 47/48 | €1,057 | €117,597 | +€116,540 | +11022.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,000 | €0 | -€4,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €600 | = | 0.0% |
| Other operating charges | 640/8 | €1,092 | €520 | -€572 | -52.4% |
| Gross operating margin | 9900 | €172,105 | -€1,388 | -€173,493 | |
| Operating profit (loss) | 9901 | €170,413 | -€2,507 | -€172,921 | |
| Financial income | 75/76B | €51,177 | €16,932 | -€34,244 | -66.9% |
| Recurring financial income | 75 | €51,177 | €16,932 | -€34,244 | -66.9% |
| Financial charges | 65/66B | €1,356 | €644 | -€712 | -52.5% |
| Recurring financial charges | 65 | €1,356 | €644 | -€712 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €220,235 | €13,781 | -€206,454 | -93.7% |
| Income taxes | 67/77 | €71,307 | €4,561 | -€66,746 | -93.6% |
| Profit (loss) for the period | 9904 | €148,928 | €9,220 | -€139,708 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €148,928 | €9,220 | -€139,708 | -93.8% |
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 12 October 2026 via checked.be.