Nesthorn: 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.
Nesthorn
Largest movements
- Receivables within one year +€67,250
up €67,250 (+185%), from €36,300 to €103,550
of which Other amounts receivable: +€75,350
- Debts after one year +€42,144
new in 2025: €42,144
- Trade debts +€28,996
up €28,996 (+321%), from €9,020 to €38,016
- Tax, wage and social debts -€13,664
down €13,664 (-91.5%), from €14,931 to €1,267
of which Taxes: -€11,164
- Current portion of long-term debt +€11,398
new in 2025: €11,398
- Other debts +€10,013
up €10,013 (+3.4%), from €293,563 to €303,576
- Gross operating margin -€24,209
down €24,209, from €22,197 to -€2,012
- Taxes -€6,943
down €6,943 (-100%), from €6,943 to €0
- Financial charges +€2,374
up €2,374 (+143%), from €1,661 to €4,035
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 | €549,915 | €622,480 | +€72,565 | +13.2% |
| Fixed assets | 21/28 | €506,500 | €506,500 | = | 0.0% |
| Financial fixed assets | 28 | €506,500 | €506,500 | = | 0.0% |
| Current assets | 29/58 | €43,415 | €115,980 | +€72,565 | +167% |
| Amounts receivable within one year | 40/41 | €36,300 | €103,550 | +€67,250 | +185% |
| Trade receivables | 40 | €36,300 | €28,200 | -€8,100 | -22.3% |
| Other amounts receivable | 41 | - | €75,350 | +€75,350 | |
| Cash at bank and in hand | 54/58 | €5,465 | €10,449 | +€4,984 | +91.2% |
| Deferred charges and accrued income | 490/1 | €1,650 | €1,981 | +€331 | +20.1% |
| Total equity and liabilities | 10/49 | €549,915 | €622,480 | +€72,565 | +13.2% |
| Equity | 10/15 | €232,401 | €226,079 | -€6,321 | -2.7% |
| Contributions | 10/11 | €219,125 | €219,125 | = | 0.0% |
| Reserves | 13 | €13,276 | €13,276 | = | 0.0% |
| Distributable reserves | 133 | €13,276 | €13,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,321 | -€6,321 | |
| Amounts payable | 17/49 | €317,515 | €396,401 | +€78,887 | +24.8% |
| Amounts payable after more than one year | 17 | - | €42,144 | +€42,144 | |
| Financial debts | 170/4 | - | €42,144 | +€42,144 | |
| Amounts payable within one year | 42/48 | €317,515 | €354,257 | +€36,743 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,398 | +€11,398 | |
| Trade debts | 44 | €9,020 | €38,016 | +€28,996 | +321% |
| Suppliers | 440/4 | €9,020 | €38,016 | +€28,996 | +321% |
| Taxes, remuneration and social security | 45 | €14,931 | €1,267 | -€13,664 | -91.5% |
| Taxes | 450/3 | €12,431 | €1,267 | -€11,164 | -89.8% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €293,563 | €303,576 | +€10,013 | +3.4% |
| Other operating charges | 640/8 | €366 | €275 | -€92 | -25.0% |
| Gross operating margin | 9900 | €22,197 | -€2,012 | -€24,209 | |
| Operating profit (loss) | 9901 | €21,831 | -€2,286 | -€24,117 | |
| Financial income | 75/76B | €48 | €0 | -€48 | -100% |
| Recurring financial income | 75 | €48 | €0 | -€48 | -100% |
| Financial charges | 65/66B | €1,661 | €4,035 | +€2,374 | +143% |
| Recurring financial charges | 65 | €1,661 | €4,035 | +€2,374 | +143% |
| Profit (loss) for the period before taxes | 9903 | €20,219 | -€6,321 | -€26,540 | |
| Income taxes | 67/77 | €6,943 | €0 | -€6,943 | -100% |
| Profit (loss) for the period | 9904 | €13,276 | -€6,321 | -€19,597 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,276 | -€6,321 | -€19,597 |
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 20 October 2026 via checked.be.