NEST CONCEPT: 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 CONCEPT
Largest movements
- Stocks and contracts -€297,000
no longer reported in 2024 (was €297,000)
- Cash -€94,746
down €94,746 (-9.6%), from €992,069 to €897,323
mainly Tax, wage and social debts (-€175,906) and Other debts (-€149,231)
- Tax, wage and social debts -€175,906
down €175,906 (-94.8%), from €185,615 to €9,709
- Other debts -€149,231
down €149,231 (-44.4%), from €336,036 to €186,805
- Trade debts -€53,894
down €53,894 (-75.5%), from €71,424 to €17,530
- Profit (loss) carried forward -€13,861
new in 2024: -€13,861
- Turnover -€618,755
down €618,755 (-67.6%), from €915,426 to €296,671
- Purchases and services -€435,650
down €435,650 (-59.9%), from €727,445 to €291,795
- Gross operating margin -€183,105
down €183,105 (-97.4%), from €187,981 to €4,876
- Taxes -€50,302
no longer reported in 2024 (was €50,302)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,300,865 | €907,973 | -€392,892 | -30.2% |
| Current assets | 29/58 | €1,300,865 | €907,973 | -€392,892 | -30.2% |
| Stocks and contracts in progress | 3 | €297,000 | - | -€297,000 | |
| Stocks | 30/36 | €297,000 | - | -€297,000 | |
| Amounts receivable within one year | 40/41 | €11,796 | €10,650 | -€1,146 | -9.7% |
| Trade receivables | 40 | €2,099 | - | -€2,099 | |
| Other amounts receivable | 41 | €9,698 | €10,650 | +€953 | +9.8% |
| Cash at bank and in hand | 54/58 | €992,069 | €897,323 | -€94,746 | -9.6% |
| Total equity and liabilities | 10/49 | €1,300,865 | €907,973 | -€392,892 | -30.2% |
| Equity | 10/15 | €707,791 | €693,929 | -€13,861 | -2.0% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | - | -€600,000 | |
| Issued capital | 100 | €600,000 | - | -€600,000 | |
| Reserves | 13 | €107,791 | €107,791 | = | 0.0% |
| Distributable reserves | 133 | €107,791 | €107,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,861 | -€13,861 | |
| Amounts payable | 17/49 | €593,075 | €214,044 | -€379,031 | -63.9% |
| Amounts payable within one year | 42/48 | €593,075 | €214,044 | -€379,031 | -63.9% |
| Trade debts | 44 | €71,424 | €17,530 | -€53,894 | -75.5% |
| Suppliers | 440/4 | €71,424 | €17,530 | -€53,894 | -75.5% |
| Taxes, remuneration and social security | 45 | €185,615 | €9,709 | -€175,906 | -94.8% |
| Taxes | 450/3 | €185,615 | €9,709 | -€175,906 | -94.8% |
| Other amounts payable | 47/48 | €336,036 | €186,805 | -€149,231 | -44.4% |
| Turnover | 70 | €915,426 | €296,671 | -€618,755 | -67.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €727,445 | €291,795 | -€435,650 | -59.9% |
| Other operating charges | 640/8 | €800 | €607 | -€193 | -24.1% |
| Gross operating margin | 9900 | €187,981 | €4,876 | -€183,105 | -97.4% |
| Operating profit (loss) | 9901 | €187,182 | €4,269 | -€182,913 | -97.7% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €15,691 | €18,154 | +€2,463 | +15.7% |
| Recurring financial charges | 65 | €15,691 | €18,154 | +€2,463 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €171,491 | -€13,861 | -€185,352 | |
| Income taxes | 67/77 | €50,302 | - | -€50,302 | |
| Profit (loss) for the period | 9904 | €121,189 | -€13,861 | -€135,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €121,189 | -€13,861 | -€135,050 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.