NEST INDUSTRIES: 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 INDUSTRIES
Largest movements
- Tangible fixed assets +€26,678
up €26,678 (+824%), from €3,239 to €29,917
of which Furniture and vehicles: +€27,267
- Cash -€21,295
down €21,295 (-80.8%), from €26,349 to €5,054
mainly Net result for the year (-€35,014) and Investment in fixed assets (net) (-€31,921)
- Receivables within one year -€7,588
down €7,588 (-36.7%), from €20,650 to €13,062
of which Trade receivables: -€4,518
- Stocks and contracts -€754
down €754 (-4.5%), from €16,785 to €16,031
- Profit (loss) carried forward -€35,014
down €35,014 (-79.7%), from -€43,909 to -€78,923
- Other debts +€23,978
up €23,978 (+72.4%), from €33,099 to €57,077
- Trade debts -€20,535
down €20,535 (-55.1%), from €37,236 to €16,701
- Debts after one year +€20,350
new in 2025: €20,350
- Current portion of long-term debt +€5,175
new in 2025: €5,175
- Staff costs -€75,786
down €75,786 (-82.6%), from €91,734 to €15,948
- Gross operating margin -€53,008
down €53,008 (-94.0%), from €56,407 to €3,399
- Other operating charges +€7,111
up €7,111 (+196%), from €3,631 to €10,742
- Depreciation +€4,342
up €4,342 (+482%), from €901 to €5,243
- Financial charges +€2,342
up €2,342 (+58.1%), from €4,029 to €6,371
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 | €67,023 | €64,693 | -€2,330 | -3.5% |
| Fixed assets | 21/28 | €3,239 | €29,917 | +€26,678 | +824% |
| Tangible fixed assets | 22/27 | €3,239 | €29,917 | +€26,678 | +824% |
| Plant, machinery and equipment | 23 | €1,940 | €1,351 | -€589 | -30.4% |
| Furniture and vehicles | 24 | €1,299 | €28,566 | +€27,267 | +2,099% |
| Current assets | 29/58 | €63,784 | €34,776 | -€29,008 | -45.5% |
| Stocks and contracts in progress | 3 | €16,785 | €16,031 | -€754 | -4.5% |
| Stocks | 30/36 | €16,785 | €16,031 | -€754 | -4.5% |
| Amounts receivable within one year | 40/41 | €20,650 | €13,062 | -€7,588 | -36.7% |
| Trade receivables | 40 | €17,580 | €13,062 | -€4,518 | -25.7% |
| Other amounts receivable | 41 | €3,070 | - | -€3,070 | |
| Cash at bank and in hand | 54/58 | €26,349 | €5,054 | -€21,295 | -80.8% |
| Deferred charges and accrued income | 490/1 | - | €629 | +€629 | |
| Total equity and liabilities | 10/49 | €67,023 | €64,693 | -€2,330 | -3.5% |
| Equity | 10/15 | -€20,956 | -€55,970 | -€35,014 | -167% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,353 | €4,353 | = | 0.0% |
| Distributable reserves | 133 | €4,353 | €4,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,909 | -€78,923 | -€35,014 | -79.7% |
| Amounts payable | 17/49 | €87,979 | €120,663 | +€32,684 | +37.1% |
| Amounts payable after more than one year | 17 | - | €20,350 | +€20,350 | |
| Financial debts | 170/4 | - | €20,350 | +€20,350 | |
| Amounts payable within one year | 42/48 | €87,979 | €100,313 | +€12,334 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,175 | +€5,175 | |
| Financial debts | 43 | €1,162 | €5,083 | +€3,921 | +337% |
| Credit institutions | 430/8 | €1,162 | €5,083 | +€3,921 | +337% |
| Trade debts | 44 | €37,236 | €16,701 | -€20,535 | -55.1% |
| Suppliers | 440/4 | €37,236 | €16,701 | -€20,535 | -55.1% |
| Advances received on contracts in progress | 46 | €588 | - | -€588 | |
| Taxes, remuneration and social security | 45 | €15,894 | €16,277 | +€383 | +2.4% |
| Taxes | 450/3 | €961 | €1,152 | +€191 | +19.9% |
| Remuneration and social security | 454/9 | €14,933 | €15,125 | +€192 | +1.3% |
| Other amounts payable | 47/48 | €33,099 | €57,077 | +€23,978 | +72.4% |
| Remuneration, social security and pensions | 62 | €91,734 | €15,948 | -€75,786 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €901 | €5,243 | +€4,342 | +482% |
| Other operating charges | 640/8 | €3,631 | €10,742 | +€7,111 | +196% |
| Gross operating margin | 9900 | €56,407 | €3,399 | -€53,008 | -94.0% |
| Operating profit (loss) | 9901 | -€39,859 | -€28,534 | +€11,325 | +28.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,029 | €6,371 | +€2,342 | +58.1% |
| Recurring financial charges | 65 | €4,029 | €6,371 | +€2,342 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,887 | -€34,905 | +€8,982 | +20.5% |
| Income taxes | 67/77 | €22 | €109 | +€87 | +395% |
| Profit (loss) for the period | 9904 | -€43,909 | -€35,014 | +€8,895 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,909 | -€35,014 | +€8,895 | +20.3% |
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 23 October 2026 via checked.be.