NESTING: 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.
NESTING
Largest movements
- Stocks and contracts -€1.2m
no longer reported in 2025 (was €1.2m)
- Receivables within one year -€17,213
down €17,213 (-82.1%), from €20,960 to €3,746
of which Trade receivables: -€17,318
- Cash +€13,089
up €13,089 (+158.9%), from €8,235 to €21,324
mainly Stocks and contracts (+€1.2m) and Receivables within one year (+€17,213)
- Debts after one year -€976,000
no longer reported in 2025 (was €976,000)
- Other debts -€162,396
down €162,396 (-73.5%), from €220,953 to €58,557
- Trade debts -€74,673
down €74,673 (-94.8%), from €78,797 to €4,124
- Profit (loss) carried forward -€33,730
down €33,730 (-29.4%), from -€114,568 to -€148,298
- Accrued charges and deferred income -€15,372
down €15,372 (-86.0%), from €17,872 to €2,500
- Gross operating margin +€49,833
up €49,833, from -€40,185 to €9,648
- Financial charges -€25,814
down €25,814 (-46.5%), from €55,568 to €29,754
- Other operating charges +€10,562
up €10,562 (+344.8%), from €3,063 to €13,625
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 | €1,279,101 | €25,070 | -€1.3m | -98.0% |
| Current assets | 29/58 | €1,279,101 | €25,070 | -€1.3m | -98.0% |
| Stocks and contracts in progress | 3 | €1,249,142 | - | -€1.2m | |
| Stocks | 30/36 | €1,249,142 | - | -€1.2m | |
| Amounts receivable within one year | 40/41 | €20,960 | €3,746 | -€17,213 | -82.1% |
| Trade receivables | 40 | €17,318 | - | -€17,318 | |
| Other amounts receivable | 41 | €3,642 | €3,746 | +€104 | +2.9% |
| Cash at bank and in hand | 54/58 | €8,235 | €21,324 | +€13,089 | +158.9% |
| Deferred charges and accrued income | 490/1 | €765 | - | -€765 | |
| Total equity and liabilities | 10/49 | €1,279,101 | €25,070 | -€1.3m | -98.0% |
| Equity | 10/15 | -€14,568 | -€48,298 | -€33,730 | -231.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,568 | -€148,298 | -€33,730 | -29.4% |
| Amounts payable | 17/49 | €1,293,669 | €73,368 | -€1.2m | -94.3% |
| Amounts payable after more than one year | 17 | €976,000 | - | -€976,000 | |
| Financial debts | 170/4 | €976,000 | - | -€976,000 | |
| Amounts payable within one year | 42/48 | €299,797 | €70,868 | -€228,929 | -76.4% |
| Trade debts | 44 | €78,797 | €4,124 | -€74,673 | -94.8% |
| Suppliers | 440/4 | €78,797 | €4,124 | -€74,673 | -94.8% |
| Taxes, remuneration and social security | 45 | €46 | €8,187 | +€8,141 | +17612.6% |
| Taxes | 450/3 | €46 | €8,187 | +€8,141 | +17612.6% |
| Other amounts payable | 47/48 | €220,953 | €58,557 | -€162,396 | -73.5% |
| Accrued charges and deferred income | 492/3 | €17,872 | €2,500 | -€15,372 | -86.0% |
| Other operating charges | 640/8 | €3,063 | €13,625 | +€10,562 | +344.8% |
| Gross operating margin | 9900 | -€40,185 | €9,648 | +€49,833 | |
| Operating profit (loss) | 9901 | -€43,247 | -€3,977 | +€39,271 | +90.8% |
| Financial charges | 65/66B | €55,568 | €29,754 | -€25,814 | -46.5% |
| Recurring financial charges | 65 | €55,568 | €29,754 | -€25,814 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€98,815 | -€33,730 | +€65,085 | +65.9% |
| Profit (loss) for the period | 9904 | -€98,815 | -€33,730 | +€65,085 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,815 | -€33,730 | +€65,085 | +65.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.