Nestor & Nuvo: 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 & Nuvo
Largest movements
- Receivables after one year +€11,370
up €11,370 (+11.1%), from €102,411 to €113,781
- Receivables within one year -€5,477
down €5,477 (-68.1%), from €8,042 to €2,565
of which Other amounts receivable: -€3,832
- Cash -€4,634
down €4,634 (-60.4%), from €7,675 to €3,040
mainly Receivables after one year (-€11,370) and Other debts (-€2,433)
- Profit (loss) carried forward +€3,386
up €3,386 (+13.4%), from €25,192 to €28,579
- Other debts -€2,433
down €2,433 (-7.8%), from €31,358 to €28,925
- Gross operating margin -€106
down €106 (-3.0%), from €3,556 to €3,450
- Other operating charges -€49
down €49 (-8.7%), from €569 to €520
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 | €121,152 | €122,410 | +€1,258 | +1.0% |
| Fixed assets | 21/28 | €3,024 | €3,024 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,024 | €3,024 | = | 0.0% |
| Land and buildings | 22 | €3,024 | €3,024 | = | 0.0% |
| Current assets | 29/58 | €118,128 | €119,386 | +€1,258 | +1.1% |
| Amounts receivable after more than one year | 29 | €102,411 | €113,781 | +€11,370 | +11.1% |
| Other amounts receivable | 291 | €102,411 | €113,781 | +€11,370 | +11.1% |
| Amounts receivable within one year | 40/41 | €8,042 | €2,565 | -€5,477 | -68.1% |
| Trade receivables | 40 | €4,211 | €2,565 | -€1,646 | -39.1% |
| Other amounts receivable | 41 | €3,832 | - | -€3,832 | |
| Cash at bank and in hand | 54/58 | €7,675 | €3,040 | -€4,634 | -60.4% |
| Total equity and liabilities | 10/49 | €121,152 | €122,410 | +€1,258 | +1.0% |
| Equity | 10/15 | €86,980 | €90,367 | +€3,386 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,188 | €43,188 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,328 | €41,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,192 | €28,579 | +€3,386 | +13.4% |
| Amounts payable | 17/49 | €34,172 | €32,044 | -€2,128 | -6.2% |
| Amounts payable within one year | 42/48 | €34,172 | €32,044 | -€2,128 | -6.2% |
| Trade debts | 44 | €1,932 | €1,461 | -€470 | -24.3% |
| Suppliers | 440/4 | €1,932 | €1,461 | -€470 | -24.3% |
| Taxes, remuneration and social security | 45 | €882 | €1,657 | +€775 | +87.9% |
| Taxes | 450/3 | €882 | €1,657 | +€775 | +87.9% |
| Other amounts payable | 47/48 | €31,358 | €28,925 | -€2,433 | -7.8% |
| Other operating charges | 640/8 | €569 | €520 | -€49 | -8.7% |
| Gross operating margin | 9900 | €3,556 | €3,450 | -€106 | -3.0% |
| Operating profit (loss) | 9901 | €2,987 | €2,930 | -€57 | -1.9% |
| Financial income | 75/76B | €2,324 | €2,326 | +€2 | +0.1% |
| Recurring financial income | 75 | €2,324 | €2,326 | +€2 | +0.1% |
| Financial charges | 65/66B | €675 | €642 | -€33 | -4.9% |
| Recurring financial charges | 65 | €675 | €642 | -€33 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €4,636 | €4,614 | -€22 | -0.5% |
| Income taxes | 67/77 | €1,205 | €1,227 | +€22 | +1.8% |
| Profit (loss) for the period | 9904 | €3,430 | €3,386 | -€44 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,430 | €3,386 | -€44 | -1.3% |
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 25 October 2026 via checked.be.