Nestas: 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.
Nestas
Largest movements
- Cash -€55,675
down €55,675 (-27.3%), from €203,751 to €148,076
mainly Contributions, distributions and other (-€134,968) and Investment in fixed assets (net) (-€45,372)
- Tangible fixed assets +€38,260
up €38,260 (+15309.0%), from €250 to €38,510
- Receivables within one year +€22,715
up €22,715 (+71.9%), from €31,577 to €54,292
of which Trade receivables: +€23,066
- Deferred charges and accrued income +€6,794
up €6,794 (+166.2%), from €4,087 to €10,881
- Other debts +€138,917
new in 2025: €138,917
- Reserves -€128,989
down €128,989 (-65.5%), from €196,968 to €67,979
- Debts after one year -€12,982
down €12,982 (-44.4%), from €29,264 to €16,283
- Tax, wage and social debts +€6,904
up €6,904 (+108.7%), from €6,352 to €13,255
- Profit (loss) carried forward +€5,772
up €5,772 (+37.7%), from -€15,301 to -€9,529
- Gross operating margin +€22,128
up €22,128 (+365.2%), from €6,058 to €28,186
- Taxes +€5,209
up €5,209 (+1642.9%), from €317 to €5,526
- Depreciation +€4,692
up €4,692 (+193.9%), from €2,420 to €7,112
- Financial charges -€291
down €291 (-15.7%), from €1,853 to €1,562
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 | €239,665 | €251,759 | +€12,094 | +5.0% |
| Fixed assets | 21/28 | €250 | €38,510 | +€38,260 | +15309.0% |
| Tangible fixed assets | 22/27 | €250 | €38,510 | +€38,260 | +15309.0% |
| Furniture and vehicles | 24 | €250 | €38,510 | +€38,260 | +15309.0% |
| Current assets | 29/58 | €239,415 | €213,249 | -€26,166 | -10.9% |
| Amounts receivable within one year | 40/41 | €31,577 | €54,292 | +€22,715 | +71.9% |
| Trade receivables | 40 | €11,670 | €34,736 | +€23,066 | +197.7% |
| Other amounts receivable | 41 | €19,907 | €19,556 | -€351 | -1.8% |
| Cash at bank and in hand | 54/58 | €203,751 | €148,076 | -€55,675 | -27.3% |
| Deferred charges and accrued income | 490/1 | €4,087 | €10,881 | +€6,794 | +166.2% |
| Total equity and liabilities | 10/49 | €239,665 | €251,759 | +€12,094 | +5.0% |
| Equity | 10/15 | €187,867 | €64,650 | -€123,217 | -65.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €196,968 | €67,979 | -€128,989 | -65.5% |
| Distributable reserves | 133 | €196,968 | €67,979 | -€128,989 | -65.5% |
| Profit (loss) carried forward | 14 | -€15,301 | -€9,529 | +€5,772 | +37.7% |
| Amounts payable | 17/49 | €51,797 | €187,109 | +€135,311 | +261.2% |
| Amounts payable after more than one year | 17 | €29,264 | €16,283 | -€12,982 | -44.4% |
| Financial debts | 170/4 | €29,264 | €16,283 | -€12,982 | -44.4% |
| Amounts payable within one year | 42/48 | €22,533 | €170,826 | +€148,293 | +658.1% |
| Current portion of amounts payable after more than one year | 42 | €12,824 | €12,982 | +€158 | +1.2% |
| Trade debts | 44 | €3,357 | €5,672 | +€2,315 | +69.0% |
| Suppliers | 440/4 | €3,357 | €5,672 | +€2,315 | +69.0% |
| Taxes, remuneration and social security | 45 | €6,352 | €13,255 | +€6,904 | +108.7% |
| Taxes | 450/3 | €6,352 | €13,255 | +€6,904 | +108.7% |
| Other amounts payable | 47/48 | - | €138,917 | +€138,917 | |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,420 | €7,112 | +€4,692 | +193.9% |
| Other operating charges | 640/8 | €1,557 | €1,620 | +€63 | +4.1% |
| Non-recurring operating charges | 66A | €244 | €622 | +€378 | +154.9% |
| Gross operating margin | 9900 | €6,058 | €28,186 | +€22,128 | +365.2% |
| Operating profit (loss) | 9901 | €1,838 | €18,833 | +€16,995 | +924.9% |
| Financial income | 75/76B | €28 | €7 | -€21 | -75.6% |
| Recurring financial income | 75 | €28 | €7 | -€21 | -75.6% |
| Financial charges | 65/66B | €1,853 | €1,562 | -€291 | -15.7% |
| Recurring financial charges | 65 | €1,853 | €1,562 | -€291 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €12 | €17,277 | +€17,265 | +143636.9% |
| Income taxes | 67/77 | €317 | €5,526 | +€5,209 | +1642.9% |
| Profit (loss) for the period | 9904 | -€305 | €11,751 | +€12,056 | |
| Profit (loss) for the period to be appropriated | 9905 | -€305 | €11,751 | +€12,056 |
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 11 October 2026 via checked.be.