Nestling Estates: 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.
Nestling Estates
Largest movements
- Tangible fixed assets +€52,823
up €52,823 (+13.8%), from €381,985 to €434,808
of which Land and buildings: +€38,674
- Debts after one year +€50,000
up €50,000 (+12.0%), from €415,000 to €465,000
- Profit (loss) carried forward -€9,861
down €9,861 (-49.7%), from -€19,832 to -€29,694
- Accrued charges and deferred income +€9,012
up €9,012 (+79.6%), from €11,317 to €20,328
- Gross operating margin +€5,599
up €5,599 (+86.1%), from -€6,505 to -€907
- Depreciation -€2,706
down €2,706 (-24.8%), from €10,933 to €8,227
- Other operating charges -€1,652
down €1,652 (-70.8%), from €2,334 to €682
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 | €411,126 | €460,201 | +€49,075 | +11.9% |
| Formation expenses | 20 | €1,815 | €1,308 | -€507 | -27.9% |
| Fixed assets | 21/28 | €381,985 | €434,808 | +€52,823 | +13.8% |
| Tangible fixed assets | 22/27 | €381,985 | €434,808 | +€52,823 | +13.8% |
| Land and buildings | 22 | €352,831 | €391,504 | +€38,674 | +11.0% |
| Assets under construction and advance payments | 27 | €29,155 | €43,304 | +€14,149 | +48.5% |
| Current assets | 29/58 | €27,326 | €24,085 | -€3,240 | -11.9% |
| Amounts receivable within one year | 40/41 | €300 | €300 | = | 0.0% |
| Other amounts receivable | 41 | €300 | €300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,767 | €23,073 | -€3,694 | -13.8% |
| Deferred charges and accrued income | 490/1 | €259 | €712 | +€454 | +175.5% |
| Total equity and liabilities | 10/49 | €411,126 | €460,201 | +€49,075 | +11.9% |
| Equity | 10/15 | -€16,832 | -€26,694 | -€9,861 | -58.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,832 | -€29,694 | -€9,861 | -49.7% |
| Amounts payable | 17/49 | €427,958 | €486,895 | +€58,937 | +13.8% |
| Amounts payable after more than one year | 17 | €415,000 | €465,000 | +€50,000 | +12.0% |
| Financial debts | 170/4 | €415,000 | €465,000 | +€50,000 | +12.0% |
| Amounts payable within one year | 42/48 | €1,642 | €1,567 | -€75 | -4.6% |
| Trade debts | 44 | €75 | - | -€75 | |
| Suppliers | 440/4 | €75 | - | -€75 | |
| Other amounts payable | 47/48 | €1,567 | €1,567 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,317 | €20,328 | +€9,012 | +79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,933 | €8,227 | -€2,706 | -24.8% |
| Other operating charges | 640/8 | €2,334 | €682 | -€1,652 | -70.8% |
| Gross operating margin | 9900 | -€6,505 | -€907 | +€5,599 | +86.1% |
| Operating profit (loss) | 9901 | -€19,773 | -€9,816 | +€9,957 | +50.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €60 | €45 | -€15 | -24.7% |
| Recurring financial charges | 65 | €60 | €45 | -€15 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,832 | -€9,861 | +€9,971 | +50.3% |
| Profit (loss) for the period | 9904 | -€19,832 | -€9,861 | +€9,971 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,832 | -€9,861 | +€9,971 | +50.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.