NESTIN: 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.
NESTIN
Largest movements
- Receivables within one year +€822,723
up €822,723 (+339%), from €242,950 to €1.1m
of which Other amounts receivable: +€768,874
- Cash -€694,208
down €694,208 (-89.6%), from €774,834 to €80,626
mainly Debts after one year (-€884,301) and Receivables within one year (-€822,723)
- Stocks and contracts -€553,496
down €553,496 (-100%), from €553,496 to €0
- Tangible fixed assets +€63,669
up €63,669 (+106%), from €60,343 to €124,012
of which Other tangible fixed assets: +€33,756
- Debts after one year -€884,301
down €884,301 (-95.3%), from €927,582 to €43,281
of which Financial debts: -€884,301
- Other debts +€385,449
up €385,449 (+346%), from €111,340 to €496,788
- Profit (loss) carried forward +€74,374
up €74,374 (+9.4%), from €789,296 to €863,670
- Trade debts +€29,438
up €29,438 (+533%), from €5,524 to €34,961
- Current portion of long-term debt +€25,029
up €25,029 (+86.8%), from €28,823 to €53,852
- Financial income -€575,314
down €575,314 (-93.9%), from €612,373 to €37,059
- Gross operating margin -€52,567
down €52,567 (-23.0%), from €228,224 to €175,657
- Staff costs +€49,556
up €49,556 (+122,421%), from €40 to €49,597
- Taxes -€19,771
down €19,771 (-41.7%), from €47,450 to €27,679
- Depreciation +€9,222
up €9,222 (+98.2%), from €9,386 to €18,608
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 | €2,203,717 | €1,857,323 | -€346,394 | -15.7% |
| Fixed assets | 21/28 | €574,915 | €638,584 | +€63,669 | +11.1% |
| Tangible fixed assets | 22/27 | €60,343 | €124,012 | +€63,669 | +106% |
| Land and buildings | 22 | €5,470 | €5,339 | -€132 | -2.4% |
| Plant, machinery and equipment | 23 | €17,935 | €15,595 | -€2,340 | -13.0% |
| Furniture and vehicles | 24 | €34,254 | €66,639 | +€32,385 | +94.5% |
| Other tangible fixed assets | 26 | €2,683 | €36,439 | +€33,756 | +1,258% |
| Financial fixed assets | 28 | €514,572 | €514,572 | = | 0.0% |
| Current assets | 29/58 | €1,628,802 | €1,218,740 | -€410,063 | -25.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €553,496 | €0 | -€553,496 | -100% |
| Stocks | 30/36 | €553,496 | €0 | -€553,496 | -100% |
| Amounts receivable within one year | 40/41 | €242,950 | €1,065,673 | +€822,723 | +339% |
| Trade receivables | 40 | €14,287 | €68,136 | +€53,849 | +377% |
| Other amounts receivable | 41 | €228,664 | €997,537 | +€768,874 | +336% |
| Cash at bank and in hand | 54/58 | €774,834 | €80,626 | -€694,208 | -89.6% |
| Deferred charges and accrued income | 490/1 | €7,522 | €22,441 | +€14,919 | +198% |
| Total equity and liabilities | 10/49 | €2,203,717 | €1,857,323 | -€346,394 | -15.7% |
| Equity | 10/15 | €1,126,496 | €1,200,870 | +€74,374 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €331,000 | €331,000 | = | 0.0% |
| Distributable reserves | 133 | €331,000 | €331,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €789,296 | €863,670 | +€74,374 | +9.4% |
| Amounts payable | 17/49 | €1,077,221 | €656,453 | -€420,768 | -39.1% |
| Amounts payable after more than one year | 17 | €927,582 | €43,281 | -€884,301 | -95.3% |
| Financial debts | 170/4 | €927,582 | €43,281 | -€884,301 | -95.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €147,303 | €596,595 | +€449,292 | +305% |
| Current portion of amounts payable after more than one year | 42 | €28,823 | €53,852 | +€25,029 | +86.8% |
| Financial debts | 43 | €46 | €0 | -€46 | -100% |
| Credit institutions | 430/8 | €46 | €0 | -€46 | -100% |
| Trade debts | 44 | €5,524 | €34,961 | +€29,438 | +533% |
| Suppliers | 440/4 | €5,524 | €34,961 | +€29,438 | +533% |
| Taxes, remuneration and social security | 45 | €1,571 | €10,993 | +€9,422 | +600% |
| Taxes | 450/3 | €1,571 | €4,086 | +€2,515 | +160% |
| Remuneration and social security | 454/9 | €0 | €6,907 | +€6,907 | |
| Other amounts payable | 47/48 | €111,340 | €496,788 | +€385,449 | +346% |
| Accrued charges and deferred income | 492/3 | €2,335 | €16,576 | +€14,241 | +610% |
| Remuneration, social security and pensions | 62 | €40 | €49,597 | +€49,556 | +122,421% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,386 | €18,608 | +€9,222 | +98.2% |
| Other operating charges | 640/8 | €9,098 | €9,685 | +€588 | +6.5% |
| Gross operating margin | 9900 | €228,224 | €175,657 | -€52,567 | -23.0% |
| Operating profit (loss) | 9901 | €209,700 | €97,767 | -€111,933 | -53.4% |
| Financial income | 75/76B | €612,373 | €37,059 | -€575,314 | -93.9% |
| Recurring financial income | 75 | €612,373 | €37,059 | -€575,314 | -93.9% |
| Financial charges | 65/66B | €33,502 | €32,773 | -€729 | -2.2% |
| Recurring financial charges | 65 | €33,502 | €32,773 | -€729 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €788,570 | €102,053 | -€686,518 | -87.1% |
| Income taxes | 67/77 | €47,450 | €27,679 | -€19,771 | -41.7% |
| Profit (loss) for the period | 9904 | €741,120 | €74,374 | -€666,746 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €741,120 | €74,374 | -€666,746 | -90.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.