NESTINOX: 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.
NESTINOX
Largest movements
- Tangible fixed assets -€21,749
down €21,749 (-47.9%), from €45,447 to €23,698
- Receivables within one year +€14,914
up €14,914 (+2.7%), from €554,688 to €569,602
of which Other amounts receivable: +€227,146
- Profit (loss) carried forward +€101,951
up €101,951 (+53.1%), from €192,111 to €294,063
- Other debts -€84,726
no longer reported in 2025 (was €84,726)
- Tax, wage and social debts -€45,130
down €45,130 (-53.5%), from €84,388 to €39,258
- Trade debts +€26,205
up €26,205 (+16.8%), from €156,342 to €182,547
- Gross operating margin +€104,321
up €104,321 (+335%), from €31,170 to €135,491
- Taxes +€4,769
up €4,769 (+82.3%), from €5,798 to €10,566
- Financial income +€2,298
up €2,298 (+107%), from €2,152 to €4,450
- Depreciation +€1,865
up €1,865 (+9.4%), from €19,884 to €21,749
- Financial charges +€1,484
up €1,484 (+124%), from €1,197 to €2,681
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 | €616,778 | €615,078 | -€1,700 | -0.3% |
| Fixed assets | 21/28 | €45,447 | €23,698 | -€21,749 | -47.9% |
| Tangible fixed assets | 22/27 | €45,447 | €23,698 | -€21,749 | -47.9% |
| Furniture and vehicles | 24 | €45,447 | €23,698 | -€21,749 | -47.9% |
| Current assets | 29/58 | €571,331 | €591,380 | +€20,049 | +3.5% |
| Amounts receivable within one year | 40/41 | €554,688 | €569,602 | +€14,914 | +2.7% |
| Trade receivables | 40 | €461,675 | €249,444 | -€212,232 | -46.0% |
| Other amounts receivable | 41 | €93,013 | €320,159 | +€227,146 | +244% |
| Cash at bank and in hand | 54/58 | €10,408 | €11,372 | +€964 | +9.3% |
| Deferred charges and accrued income | 490/1 | €6,235 | €10,406 | +€4,171 | +66.9% |
| Total equity and liabilities | 10/49 | €616,778 | €615,078 | -€1,700 | -0.3% |
| Equity | 10/15 | €291,321 | €393,273 | +€101,951 | +35.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €36,710 | €36,710 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €30,460 | €30,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,111 | €294,063 | +€101,951 | +53.1% |
| Amounts payable | 17/49 | €325,457 | €221,805 | -€103,651 | -31.8% |
| Amounts payable within one year | 42/48 | €325,457 | €221,805 | -€103,651 | -31.8% |
| Trade debts | 44 | €156,342 | €182,547 | +€26,205 | +16.8% |
| Suppliers | 440/4 | €156,342 | €182,547 | +€26,205 | +16.8% |
| Taxes, remuneration and social security | 45 | €84,388 | €39,258 | -€45,130 | -53.5% |
| Taxes | 450/3 | €84,388 | €39,258 | -€45,130 | -53.5% |
| Other amounts payable | 47/48 | €84,726 | - | -€84,726 | |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,884 | €21,749 | +€1,865 | +9.4% |
| Other operating charges | 640/8 | €4,083 | €2,993 | -€1,090 | -26.7% |
| Gross operating margin | 9900 | €31,170 | €135,491 | +€104,321 | +335% |
| Operating profit (loss) | 9901 | €7,203 | €110,749 | +€103,545 | +1,437% |
| Financial income | 75/76B | €2,152 | €4,450 | +€2,298 | +107% |
| Recurring financial income | 75 | €2,152 | €4,450 | +€2,298 | +107% |
| Financial charges | 65/66B | €1,197 | €2,681 | +€1,484 | +124% |
| Recurring financial charges | 65 | €1,197 | €2,681 | +€1,484 | +124% |
| Profit (loss) for the period before taxes | 9903 | €8,158 | €112,518 | +€104,359 | +1,279% |
| Income taxes | 67/77 | €5,798 | €10,566 | +€4,769 | +82.3% |
| Profit (loss) for the period | 9904 | €2,361 | €101,951 | +€99,590 | +4,219% |
| Profit (loss) for the period to be appropriated | 9905 | €2,361 | €101,951 | +€99,590 | +4,219% |
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 17 October 2026 via checked.be.