Nester: 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.
Nester
Largest movements
- Tangible fixed assets +€24,673
up €24,673 (+70.0%), from €35,271 to €59,944
of which Plant, machinery and equipment: +€35,160
- Receivables within one year +€20,263
up €20,263 (+148.0%), from €13,693 to €33,956
of which Trade receivables: +€18,182
- Cash +€10,308
up €10,308 (+17.8%), from €57,832 to €68,141
mainly Net result for the year (+€35,871) and Depreciation (+€15,172)
- Profit (loss) carried forward +€35,038
up €35,038 (+55.2%), from €63,521 to €98,559
- Debts after one year +€13,290
up €13,290 (+278.9%), from €4,766 to €18,056
- Trade debts +€6,176
up €6,176 (+92.0%), from €6,710 to €12,886
- Current portion of long-term debt +€3,962
up €3,962 (+144.2%), from €2,748 to €6,710
- Tax, wage and social debts -€3,375
down €3,375 (-69.2%), from €4,875 to €1,500
of which Remuneration and social security: -€1,800
- Gross operating margin +€10,884
up €10,884 (+20.8%), from €52,452 to €63,336
- Taxes +€3,835
up €3,835 (+55.0%), from €6,970 to €10,805
- Depreciation -€1,040
down €1,040 (-6.4%), from €16,211 to €15,172
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,341 | €163,531 | +€55,191 | +50.9% |
| Fixed assets | 21/28 | €35,271 | €59,944 | +€24,673 | +70.0% |
| Tangible fixed assets | 22/27 | €35,271 | €59,944 | +€24,673 | +70.0% |
| Plant, machinery and equipment | 23 | €8,956 | €44,116 | +€35,160 | +392.6% |
| Furniture and vehicles | 24 | €15,962 | €9,711 | -€6,251 | -39.2% |
| Leasing and similar rights | 25 | €10,352 | €6,116 | -€4,236 | -40.9% |
| Current assets | 29/58 | €73,070 | €103,588 | +€30,517 | +41.8% |
| Stocks and contracts in progress | 3 | €419 | €421 | +€2 | +0.4% |
| Stocks | 30/36 | €419 | €421 | +€2 | +0.4% |
| Amounts receivable within one year | 40/41 | €13,693 | €33,956 | +€20,263 | +148.0% |
| Trade receivables | 40 | €8,385 | €26,567 | +€18,182 | +216.8% |
| Other amounts receivable | 41 | €5,308 | €7,389 | +€2,081 | +39.2% |
| Cash at bank and in hand | 54/58 | €57,832 | €68,141 | +€10,308 | +17.8% |
| Deferred charges and accrued income | 490/1 | €1,125 | €1,070 | -€55 | -4.9% |
| Total equity and liabilities | 10/49 | €108,341 | €163,531 | +€55,191 | +50.9% |
| Equity | 10/15 | €66,021 | €101,059 | +€35,038 | +53.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,521 | €98,559 | +€35,038 | +55.2% |
| Amounts payable | 17/49 | €42,320 | €62,473 | +€20,153 | +47.6% |
| Amounts payable after more than one year | 17 | €4,766 | €18,056 | +€13,290 | +278.9% |
| Financial debts | 170/4 | €4,766 | €18,056 | +€13,290 | +278.9% |
| Amounts payable within one year | 42/48 | €37,554 | €44,289 | +€6,735 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €2,748 | €6,710 | +€3,962 | +144.2% |
| Trade debts | 44 | €6,710 | €12,886 | +€6,176 | +92.0% |
| Suppliers | 440/4 | €6,710 | €12,886 | +€6,176 | +92.0% |
| Taxes, remuneration and social security | 45 | €4,875 | €1,500 | -€3,375 | -69.2% |
| Taxes | 450/3 | €3,075 | €1,500 | -€1,575 | -51.2% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100.0% |
| Other amounts payable | 47/48 | €23,221 | €23,194 | -€27 | -0.1% |
| Accrued charges and deferred income | 492/3 | €0 | €127 | +€127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,211 | €15,172 | -€1,040 | -6.4% |
| Other operating charges | 640/8 | €975 | €927 | -€49 | -5.0% |
| Gross operating margin | 9900 | €52,452 | €63,336 | +€10,884 | +20.8% |
| Operating profit (loss) | 9901 | €35,265 | €47,238 | +€11,972 | +33.9% |
| Financial charges | 65/66B | €609 | €562 | -€47 | -7.7% |
| Recurring financial charges | 65 | €609 | €562 | -€47 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €34,656 | €46,676 | +€12,019 | +34.7% |
| Income taxes | 67/77 | €6,970 | €10,805 | +€3,835 | +55.0% |
| Profit (loss) for the period | 9904 | €27,687 | €35,871 | +€8,184 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,687 | €35,871 | +€8,184 | +29.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.