NESTA: 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.
NESTA
Largest movements
- Tangible fixed assets -€36,380
down €36,380 (-13.1%), from €277,144 to €240,764
of which Land and buildings: -€47,984
- Stocks and contracts -€18,433
down €18,433 (-27.5%), from €67,075 to €48,642
- Receivables within one year -€7,522
down €7,522 (-35.7%), from €21,059 to €13,537
of which Trade receivables: -€8,543
- Debts after one year -€43,906
down €43,906 (-18.0%), from €243,578 to €199,672
- Current portion of long-term debt -€12,618
down €12,618 (-22.3%), from €56,523 to €43,906
- Profit (loss) carried forward -€6,394
down €6,394 (-31.7%), from €20,170 to €13,775
- Staff costs +€22,062
up €22,062 (+23.1%), from €95,620 to €117,682
- Gross operating margin +€9,751
up €9,751 (+5.3%), from €184,190 to €193,941
- Taxes -€4,317
down €4,317 (-92.8%), from €4,653 to €336
- Depreciation +€3,618
up €3,618 (+6.8%), from €53,244 to €56,862
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 | €393,906 | €328,466 | -€65,440 | -16.6% |
| Fixed assets | 21/28 | €277,144 | €240,764 | -€36,380 | -13.1% |
| Tangible fixed assets | 22/27 | €277,144 | €240,764 | -€36,380 | -13.1% |
| Land and buildings | 22 | €252,662 | €204,678 | -€47,984 | -19.0% |
| Plant, machinery and equipment | 23 | €19,317 | €32,854 | +€13,537 | +70.1% |
| Furniture and vehicles | 24 | €5,165 | €3,232 | -€1,933 | -37.4% |
| Current assets | 29/58 | €116,762 | €87,702 | -€29,060 | -24.9% |
| Stocks and contracts in progress | 3 | €67,075 | €48,642 | -€18,433 | -27.5% |
| Stocks | 30/36 | €67,075 | €48,642 | -€18,433 | -27.5% |
| Amounts receivable within one year | 40/41 | €21,059 | €13,537 | -€7,522 | -35.7% |
| Trade receivables | 40 | €10,463 | €1,920 | -€8,543 | -81.7% |
| Other amounts receivable | 41 | €10,597 | €11,618 | +€1,021 | +9.6% |
| Cash at bank and in hand | 54/58 | €28,400 | €24,593 | -€3,807 | -13.4% |
| Deferred charges and accrued income | 490/1 | €228 | €930 | +€702 | +308.1% |
| Total equity and liabilities | 10/49 | €393,906 | €328,466 | -€65,440 | -16.6% |
| Equity | 10/15 | €44,396 | €38,001 | -€6,394 | -14.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €5,676 | €5,676 | = | 0.0% |
| Distributable reserves | 133 | €5,676 | €5,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,170 | €13,775 | -€6,394 | -31.7% |
| Amounts payable | 17/49 | €349,511 | €290,465 | -€59,046 | -16.9% |
| Amounts payable after more than one year | 17 | €243,578 | €199,672 | -€43,906 | -18.0% |
| Financial debts | 170/4 | €243,578 | €199,672 | -€43,906 | -18.0% |
| Amounts payable within one year | 42/48 | €105,825 | €90,792 | -€15,033 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €56,523 | €43,906 | -€12,618 | -22.3% |
| Financial debts | 43 | €18 | €0 | -€18 | -100.0% |
| Credit institutions | 430/8 | €18 | €0 | -€18 | -100.0% |
| Trade debts | 44 | €20,799 | €16,914 | -€3,885 | -18.7% |
| Suppliers | 440/4 | €20,799 | €16,914 | -€3,885 | -18.7% |
| Advances received on contracts in progress | 46 | €500 | €742 | +€242 | +48.4% |
| Taxes, remuneration and social security | 45 | €22,037 | €24,330 | +€2,293 | +10.4% |
| Taxes | 450/3 | €8,990 | €9,689 | +€700 | +7.8% |
| Remuneration and social security | 454/9 | €13,047 | €14,641 | +€1,593 | +12.2% |
| Other amounts payable | 47/48 | €5,948 | €4,900 | -€1,048 | -17.6% |
| Accrued charges and deferred income | 492/3 | €108 | €0 | -€108 | -100.0% |
| Remuneration, social security and pensions | 62 | €95,620 | €117,682 | +€22,062 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,244 | €56,862 | +€3,618 | +6.8% |
| Other operating charges | 640/8 | €3,772 | €4,042 | +€271 | +7.2% |
| Gross operating margin | 9900 | €184,190 | €193,941 | +€9,751 | +5.3% |
| Operating profit (loss) | 9901 | €31,554 | €15,355 | -€16,200 | -51.3% |
| Financial income | 75/76B | €120 | €588 | +€468 | +388.9% |
| Recurring financial income | 75 | €120 | €588 | +€468 | +388.9% |
| Financial charges | 65/66B | €21,495 | €21,263 | -€232 | -1.1% |
| Recurring financial charges | 65 | €21,495 | €21,263 | -€232 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €10,180 | -€5,320 | -€15,500 | |
| Income taxes | 67/77 | €4,653 | €336 | -€4,317 | -92.8% |
| Profit (loss) for the period | 9904 | €5,527 | -€5,655 | -€11,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,527 | -€5,655 | -€11,182 |
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 9 October 2026 via checked.be.