Nest by C²: 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 by C²
Largest movements
- Deferred charges and accrued income -€39,439
down €39,439 (-93.9%), from €42,022 to €2,582
- Cash +€7,805
up €7,805 (+23.7%), from €32,950 to €40,754
mainly Deferred charges and accrued income (+€39,439) and Depreciation (+€12,227)
- Tangible fixed assets -€3,427
down €3,427 (-1.6%), from €210,769 to €207,342
of which Land and buildings: -€5,010
- Debts after one year -€13,100
down €13,100 (-20.6%), from €63,495 to €50,395
- Tax, wage and social debts -€12,347
down €12,347 (-55.4%), from €22,281 to €9,934
- Profit (loss) carried forward -€4,534
new in 2025: -€4,534
- Trade debts -€3,581
down €3,581 (-37.2%), from €9,633 to €6,053
- Gross operating margin -€160,452
down €160,452 (-92.8%), from €172,912 to €12,460
- Taxes -€44,632
down €44,632 (-99.7%), from €44,764 to €132
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.
Derived cash bridge
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 | €301,801 | €268,363 | -€33,437 | -11.1% |
| Fixed assets | 21/28 | €210,769 | €207,342 | -€3,427 | -1.6% |
| Tangible fixed assets | 22/27 | €210,769 | €207,342 | -€3,427 | -1.6% |
| Land and buildings | 22 | €210,412 | €205,402 | -€5,010 | -2.4% |
| Plant, machinery and equipment | 23 | €104 | €1,767 | +€1,664 | +1,604% |
| Other tangible fixed assets | 26 | €254 | €173 | -€81 | -31.9% |
| Current assets | 29/58 | €91,032 | €61,022 | -€30,010 | -33.0% |
| Amounts receivable within one year | 40/41 | €16,061 | €17,685 | +€1,624 | +10.1% |
| Trade receivables | 40 | €16,061 | €803 | -€15,257 | -95.0% |
| Other amounts receivable | 41 | €0 | €16,882 | +€16,882 | |
| Cash at bank and in hand | 54/58 | €32,950 | €40,754 | +€7,805 | +23.7% |
| Deferred charges and accrued income | 490/1 | €42,022 | €2,582 | -€39,439 | -93.9% |
| Total equity and liabilities | 10/49 | €301,801 | €268,363 | -€33,437 | -11.1% |
| Equity | 10/15 | €193,433 | €188,882 | -€4,550 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,833 | €174,816 | -€17 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €174,833 | €174,816 | -€17 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,534 | -€4,534 | |
| Amounts payable | 17/49 | €108,368 | €79,481 | -€28,887 | -26.7% |
| Amounts payable after more than one year | 17 | €63,495 | €50,395 | -€13,100 | -20.6% |
| Financial debts | 170/4 | €63,495 | €50,395 | -€13,100 | -20.6% |
| Amounts payable within one year | 42/48 | €44,874 | €29,086 | -€15,788 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €12,960 | €13,100 | +€140 | +1.1% |
| Trade debts | 44 | €9,633 | €6,053 | -€3,581 | -37.2% |
| Suppliers | 440/4 | €9,633 | €6,053 | -€3,581 | -37.2% |
| Taxes, remuneration and social security | 45 | €22,281 | €9,934 | -€12,347 | -55.4% |
| Taxes | 450/3 | €22,281 | €9,934 | -€12,347 | -55.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,187 | €12,227 | +€40 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,476 | €2,902 | -€1,574 | -35.2% |
| Gross operating margin | 9900 | €172,912 | €12,460 | -€160,452 | -92.8% |
| Operating profit (loss) | 9901 | €156,250 | -€2,669 | -€158,919 | |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €2,529 | €1,788 | -€742 | -29.3% |
| Recurring financial charges | 65 | €2,529 | €1,788 | -€742 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €153,720 | -€4,418 | -€158,138 | |
| Income taxes | 67/77 | €44,764 | €132 | -€44,632 | -99.7% |
| Profit (loss) for the period | 9904 | €108,956 | -€4,550 | -€113,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,956 | -€4,550 | -€113,506 |
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 22 October 2026 via checked.be.