NESTAAN: 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.
NESTAAN
Largest movements
- Tangible fixed assets -€165,556
down €165,556 (-7.6%), from €2.2m to €2.0m
of which Plant, machinery and equipment: -€108,755
- Stocks and contracts -€151,574
down €151,574 (-28.4%), from €534,404 to €382,830
- Cash +€112,700
up €112,700 (+65.9%), from €171,041 to €283,742
mainly Depreciation (+€281,941) and Stocks and contracts (+€151,574)
- Debts after one year -€318,215
down €318,215 (-30.6%), from €1.0m to €720,154
of which Other amounts payable: -€300,000
- Reserves +€78,499
up €78,499 (+5.0%), from €1.6m to €1.6m
of which Distributable reserves: +€78,499
- Trade debts +€77,050
up €77,050 (+28.7%), from €268,576 to €345,626
- Investment grants -€48,710
down €48,710 (-30.7%), from €158,639 to €109,929
- Staff costs +€173,013
up €173,013 (+46.0%), from €376,166 to €549,179
- Gross operating margin -€143,338
down €143,338 (-13.0%), from €1.1m to €960,642
- Taxes -€66,539
down €66,539 (-60.7%), from €109,580 to €43,041
- Depreciation +€21,888
up €21,888 (+8.4%), from €260,052 to €281,941
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 | €3,678,048 | €3,495,551 | -€182,497 | -5.0% |
| Fixed assets | 21/28 | €2,241,143 | €2,075,068 | -€166,075 | -7.4% |
| Intangible fixed assets | 21 | €52,718 | €52,198 | -€520 | -1.0% |
| Tangible fixed assets | 22/27 | €2,188,425 | €2,022,870 | -€165,556 | -7.6% |
| Land and buildings | 22 | €1,251,782 | €1,190,593 | -€61,188 | -4.9% |
| Plant, machinery and equipment | 23 | €799,203 | €690,447 | -€108,755 | -13.6% |
| Furniture and vehicles | 24 | €136,204 | €140,870 | +€4,666 | +3.4% |
| Other tangible fixed assets | 26 | €1,237 | €958 | -€278 | -22.5% |
| Current assets | 29/58 | €1,436,905 | €1,420,483 | -€16,422 | -1.1% |
| Stocks and contracts in progress | 3 | €534,404 | €382,830 | -€151,574 | -28.4% |
| Stocks | 30/36 | €534,404 | €382,830 | -€151,574 | -28.4% |
| Amounts receivable within one year | 40/41 | €690,570 | €711,915 | +€21,345 | +3.1% |
| Trade receivables | 40 | €669,913 | €651,620 | -€18,292 | -2.7% |
| Other amounts receivable | 41 | €20,657 | €60,294 | +€39,637 | +192% |
| Cash at bank and in hand | 54/58 | €171,041 | €283,742 | +€112,700 | +65.9% |
| Deferred charges and accrued income | 490/1 | €40,889 | €41,997 | +€1,107 | +2.7% |
| Total equity and liabilities | 10/49 | €3,678,048 | €3,495,551 | -€182,497 | -5.0% |
| Equity | 10/15 | €2,235,426 | €2,265,215 | +€29,789 | +1.3% |
| Contributions | 10/11 | €519,000 | €519,000 | = | 0.0% |
| Capital | 10 | €519,000 | €519,000 | = | 0.0% |
| Issued capital | 100 | €519,000 | €519,000 | = | 0.0% |
| Reserves | 13 | €1,557,787 | €1,636,286 | +€78,499 | +5.0% |
| Non-distributable reserves | 130/1 | €51,900 | €51,900 | = | 0.0% |
| Legal reserve | 130 | €51,900 | €51,900 | = | 0.0% |
| Distributable reserves | 133 | €1,505,887 | €1,584,386 | +€78,499 | +5.2% |
| Investment grants | 15 | €158,639 | €109,929 | -€48,710 | -30.7% |
| Provisions and deferred taxes | 16 | - | €36,643 | +€36,643 | |
| Deferred taxes | 168 | - | €36,643 | +€36,643 | |
| Amounts payable | 17/49 | €1,442,622 | €1,193,692 | -€248,929 | -17.3% |
| Amounts payable after more than one year | 17 | €1,038,369 | €720,154 | -€318,215 | -30.6% |
| Financial debts | 170/4 | €38,369 | €20,154 | -€18,215 | -47.5% |
| Other amounts payable | 178/9 | €1,000,000 | €700,000 | -€300,000 | -30.0% |
| Amounts payable within one year | 42/48 | €377,822 | €456,432 | +€78,609 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €27,301 | €18,215 | -€9,086 | -33.3% |
| Trade debts | 44 | €268,576 | €345,626 | +€77,050 | +28.7% |
| Suppliers | 440/4 | €268,576 | €345,626 | +€77,050 | +28.7% |
| Taxes, remuneration and social security | 45 | €74,971 | €92,590 | +€17,620 | +23.5% |
| Taxes | 450/3 | €12,564 | €9,737 | -€2,827 | -22.5% |
| Remuneration and social security | 454/9 | €62,407 | €82,854 | +€20,446 | +32.8% |
| Other amounts payable | 47/48 | €6,975 | - | -€6,975 | |
| Accrued charges and deferred income | 492/3 | €26,430 | €17,107 | -€9,323 | -35.3% |
| Remuneration, social security and pensions | 62 | €376,166 | €549,179 | +€173,013 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,052 | €281,941 | +€21,888 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €553 | - | -€553 | |
| Other operating charges | 640/8 | €35,531 | €30,984 | -€4,547 | -12.8% |
| Gross operating margin | 9900 | €1,103,980 | €960,642 | -€143,338 | -13.0% |
| Operating profit (loss) | 9901 | €431,678 | €98,538 | -€333,139 | -77.2% |
| Financial income | 75/76B | €48,936 | €48,310 | -€626 | -1.3% |
| Recurring financial income | 75 | €48,936 | €48,310 | -€626 | -1.3% |
| Financial charges | 65/66B | €32,642 | €25,308 | -€7,333 | -22.5% |
| Recurring financial charges | 65 | €32,642 | €25,308 | -€7,333 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €447,972 | €121,540 | -€326,432 | -72.9% |
| Income taxes | 67/77 | €109,580 | €43,041 | -€66,539 | -60.7% |
| Profit (loss) for the period | 9904 | €338,392 | €78,499 | -€259,892 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €338,392 | €78,499 | -€259,892 | -76.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.