NESTOR en Co: 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.
NESTOR en Co
Largest movements
- Tangible fixed assets -€6,624
down €6,624 (-5.0%), from €133,448 to €126,824
of which Land and buildings: -€6,203
- Cash -€3,749
down €3,749 (-77.4%), from €4,845 to €1,096
mainly Debts after one year (-€14,838) and Other debts (-€10,297)
- Intangible fixed assets -€2,000
down €2,000 (-65.6%), from €3,050 to €1,050
- Receivables within one year -€1,592
down €1,592 (-69.9%), from €2,279 to €687
of which Trade receivables: -€1,626
- Debts after one year -€14,838
down €14,838 (-31.5%), from €47,055 to €32,217
- Profit (loss) carried forward +€12,512
up €12,512 (+5.3%), from -€235,520 to -€223,008
- Other debts -€10,297
down €10,297 (-3.5%), from €292,530 to €282,233
- Trade debts -€1,824
down €1,824 (-43.3%), from €4,210 to €2,386
- Gross operating margin +€2,281
up €2,281 (+9.0%), from €25,365 to €27,646
- Financial charges -€739
down €739 (-18.8%), from €3,944 to €3,204
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 | €145,098 | €131,460 | -€13,638 | -9.4% |
| Fixed assets | 21/28 | €136,498 | €127,874 | -€8,624 | -6.3% |
| Intangible fixed assets | 21 | €3,050 | €1,050 | -€2,000 | -65.6% |
| Tangible fixed assets | 22/27 | €133,448 | €126,824 | -€6,624 | -5.0% |
| Land and buildings | 22 | €132,864 | €126,661 | -€6,203 | -4.7% |
| Furniture and vehicles | 24 | €585 | €163 | -€422 | -72.1% |
| Current assets | 29/58 | €8,600 | €3,586 | -€5,014 | -58.3% |
| Amounts receivable within one year | 40/41 | €2,279 | €687 | -€1,592 | -69.9% |
| Trade receivables | 40 | €2,279 | €653 | -€1,626 | -71.4% |
| Other amounts receivable | 41 | - | €34 | +€34 | |
| Cash at bank and in hand | 54/58 | €4,845 | €1,096 | -€3,749 | -77.4% |
| Deferred charges and accrued income | 490/1 | €1,476 | €1,803 | +€327 | +22.1% |
| Total equity and liabilities | 10/49 | €145,098 | €131,460 | -€13,638 | -9.4% |
| Equity | 10/15 | -€215,069 | -€202,557 | +€12,512 | +5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€235,520 | -€223,008 | +€12,512 | +5.3% |
| Amounts payable | 17/49 | €360,167 | €334,017 | -€26,150 | -7.3% |
| Amounts payable after more than one year | 17 | €47,055 | €32,217 | -€14,838 | -31.5% |
| Financial debts | 170/4 | €47,055 | €32,217 | -€14,838 | -31.5% |
| Amounts payable within one year | 42/48 | €312,911 | €301,733 | -€11,178 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €14,051 | €14,838 | +€788 | +5.6% |
| Trade debts | 44 | €4,210 | €2,386 | -€1,824 | -43.3% |
| Suppliers | 440/4 | €4,210 | €2,386 | -€1,824 | -43.3% |
| Taxes, remuneration and social security | 45 | €2,120 | €2,275 | +€155 | +7.3% |
| Taxes | 450/3 | €2,120 | €2,275 | +€155 | +7.3% |
| Other amounts payable | 47/48 | €292,530 | €282,233 | -€10,297 | -3.5% |
| Accrued charges and deferred income | 492/3 | €201 | €67 | -€134 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,624 | €8,624 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,876 | €2,625 | -€252 | -8.7% |
| Gross operating margin | 9900 | €25,365 | €27,646 | +€2,281 | +9.0% |
| Operating profit (loss) | 9901 | €13,865 | €16,397 | +€2,532 | +18.3% |
| Financial income | 75/76B | €0 | €72 | +€72 | +18,356% |
| Recurring financial income | 75 | €0 | €72 | +€72 | +18,356% |
| Financial charges | 65/66B | €3,944 | €3,204 | -€739 | -18.8% |
| Recurring financial charges | 65 | €3,944 | €3,204 | -€739 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €9,922 | €13,265 | +€3,343 | +33.7% |
| Income taxes | 67/77 | €763 | €753 | -€10 | -1.4% |
| Profit (loss) for the period | 9904 | €9,159 | €12,512 | +€3,354 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,159 | €12,512 | +€3,354 | +36.6% |
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 31 October 2026 via checked.be.