NESTOR SPACES: 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 SPACES
Largest movements
- Receivables within one year +€126,018
up €126,018 (+838%), from €15,038 to €141,056
of which Trade receivables: +€122,372
- Cash +€85,477
up €85,477 (+583%), from €14,673 to €100,149
mainly Accrued charges and deferred income (+€168,377) and Other debts (+€25,458)
- Accrued charges and deferred income +€168,377
new in 2025: €168,377
- Other debts +€25,458
up €25,458 (+236%), from €10,799 to €36,257
- Profit (loss) carried forward +€10,573
up €10,573 (+255%), from €4,139 to €14,713
- Trade debts +€3,234
up €3,234 (+47.8%), from €6,766 to €10,000
- Tax, wage and social debts +€2,695
up €2,695 (+252%), from €1,068 to €3,763
- Gross operating margin +€8,035
up €8,035 (+84.9%), from €9,466 to €17,501
- Taxes +€2,695
up €2,695 (+252%), from €1,068 to €3,763
- Depreciation -€1,804
down €1,804 (-62.8%), from €2,875 to €1,070
- Financial charges +€631
up €631 (+59.3%), from €1,066 to €1,697
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 | €32,771 | €243,110 | +€210,338 | +642% |
| Fixed assets | 21/28 | €2,790 | €1,720 | -€1,070 | -38.3% |
| Tangible fixed assets | 22/27 | €2,790 | €1,720 | -€1,070 | -38.3% |
| Furniture and vehicles | 24 | €2,790 | €1,720 | -€1,070 | -38.3% |
| Current assets | 29/58 | €29,981 | €241,389 | +€211,409 | +705% |
| Amounts receivable within one year | 40/41 | €15,038 | €141,056 | +€126,018 | +838% |
| Trade receivables | 40 | €12,155 | €134,527 | +€122,372 | +1,007% |
| Other amounts receivable | 41 | €2,883 | €6,528 | +€3,645 | +126% |
| Cash at bank and in hand | 54/58 | €14,673 | €100,149 | +€85,477 | +583% |
| Deferred charges and accrued income | 490/1 | €270 | €184 | -€86 | -31.8% |
| Total equity and liabilities | 10/49 | €32,771 | €243,110 | +€210,338 | +642% |
| Equity | 10/15 | €14,139 | €24,713 | +€10,573 | +74.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,139 | €14,713 | +€10,573 | +255% |
| Amounts payable | 17/49 | €18,632 | €218,397 | +€199,765 | +1,072% |
| Amounts payable within one year | 42/48 | €18,632 | €50,020 | +€31,388 | +168% |
| Trade debts | 44 | €6,766 | €10,000 | +€3,234 | +47.8% |
| Suppliers | 440/4 | €6,766 | €10,000 | +€3,234 | +47.8% |
| Taxes, remuneration and social security | 45 | €1,068 | €3,763 | +€2,695 | +252% |
| Taxes | 450/3 | €1,068 | €3,763 | +€2,695 | +252% |
| Other amounts payable | 47/48 | €10,799 | €36,257 | +€25,458 | +236% |
| Accrued charges and deferred income | 492/3 | - | €168,377 | +€168,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,875 | €1,070 | -€1,804 | -62.8% |
| Other operating charges | 640/8 | €318 | €397 | +€79 | +24.7% |
| Gross operating margin | 9900 | €9,466 | €17,501 | +€8,035 | +84.9% |
| Operating profit (loss) | 9901 | €6,273 | €16,034 | +€9,761 | +156% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,066 | €1,697 | +€631 | +59.3% |
| Recurring financial charges | 65 | €1,066 | €1,697 | +€631 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €5,207 | €14,337 | +€9,130 | +175% |
| Income taxes | 67/77 | €1,068 | €3,763 | +€2,695 | +252% |
| Profit (loss) for the period | 9904 | €4,139 | €10,573 | +€6,434 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €4,139 | €10,573 | +€6,434 | +155% |
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.