NESTUS: 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.
NESTUS
Largest movements
- Tangible fixed assets +€210,241
up €210,241 (+13.5%), from €1.6m to €1.8m
of which Land and buildings: +€206,867
- Cash -€81,116
down €81,116 (-92.1%), from €88,034 to €6,919
mainly Investment in fixed assets (net) (-€303,597) and Net result for the year (-€139,969)
- Receivables within one year -€69,950
down €69,950 (-90.9%), from €76,953 to €7,003
of which Trade receivables: -€58,990
- Deferred charges and accrued income -€22,539
down €22,539 (-78.4%), from €28,757 to €6,219
- Other debts +€172,011
up €172,011 (+92.7%), from €185,656 to €357,667
- Profit (loss) carried forward -€139,969
down €139,969, from €2 to -€139,967
- Trade debts -€93,130
down €93,130 (-90.9%), from €102,465 to €9,335
- Debts after one year +€88,096
up €88,096 (+8.6%), from €1.0m to €1.1m
- Gross operating margin -€213,747
down €213,747, from €213,004 to -€742
- Other operating charges -€35,722
down €35,722 (-85.1%), from €41,963 to €6,240
- Depreciation +€21,399
up €21,399 (+29.7%), from €71,958 to €93,357
- Taxes -€16,595
no longer reported in 2024 (was €16,595)
- Financial charges +€12,125
up €12,125 (+44.1%), from €27,506 to €39,631
of which Non-recurring financial charges: +€6,300
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,754,038 | €1,790,674 | +€36,636 | +2.1% |
| Fixed assets | 21/28 | €1,560,293 | €1,770,534 | +€210,241 | +13.5% |
| Tangible fixed assets | 22/27 | €1,558,743 | €1,768,984 | +€210,241 | +13.5% |
| Land and buildings | 22 | €1,476,376 | €1,683,243 | +€206,867 | +14.0% |
| Furniture and vehicles | 24 | €72,246 | €85,741 | +€13,495 | +18.7% |
| Other tangible fixed assets | 26 | €10,121 | - | -€10,121 | |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €193,745 | €20,141 | -€173,604 | -89.6% |
| Amounts receivable within one year | 40/41 | €76,953 | €7,003 | -€69,950 | -90.9% |
| Trade receivables | 40 | €61,600 | €2,610 | -€58,990 | -95.8% |
| Other amounts receivable | 41 | €15,353 | €4,393 | -€10,960 | -71.4% |
| Cash at bank and in hand | 54/58 | €88,034 | €6,919 | -€81,116 | -92.1% |
| Deferred charges and accrued income | 490/1 | €28,757 | €6,219 | -€22,539 | -78.4% |
| Total equity and liabilities | 10/49 | €1,754,038 | €1,790,674 | +€36,636 | +2.1% |
| Equity | 10/15 | €330,803 | €190,834 | -€139,969 | -42.3% |
| Contributions | 10/11 | €3,901 | €3,901 | = | 0.0% |
| Contributions outside capital | 11 | - | €3,901 | +€3,901 | |
| Share premium | 1100/10 | - | €3,901 | +€3,901 | |
| Reserves | 13 | €326,901 | €326,901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €558 | €558 | = | 0.0% |
| Reserves not available under the articles | 1311 | €558 | €558 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,387 | €3,387 | = | 0.0% |
| Distributable reserves | 133 | €322,956 | €322,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2 | -€139,967 | -€139,969 | |
| Amounts payable | 17/49 | €1,423,235 | €1,599,840 | +€176,606 | +12.4% |
| Amounts payable after more than one year | 17 | €1,029,535 | €1,117,631 | +€88,096 | +8.6% |
| Financial debts | 170/4 | €1,029,535 | €1,117,631 | +€88,096 | +8.6% |
| Amounts payable within one year | 42/48 | €393,700 | €482,209 | +€88,510 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €84,009 | €95,751 | +€11,742 | +14.0% |
| Financial debts | 43 | €25 | €287 | +€262 | +1,057% |
| Credit institutions | 430/8 | - | €287 | +€287 | |
| Other loans | 439 | €25 | - | -€25 | |
| Trade debts | 44 | €102,465 | €9,335 | -€93,130 | -90.9% |
| Suppliers | 440/4 | €102,465 | €9,335 | -€93,130 | -90.9% |
| Taxes, remuneration and social security | 45 | €21,545 | €19,170 | -€2,375 | -11.0% |
| Taxes | 450/3 | €20,779 | €19,170 | -€1,609 | -7.7% |
| Remuneration and social security | 454/9 | €766 | - | -€766 | |
| Other amounts payable | 47/48 | €185,656 | €357,667 | +€172,011 | +92.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,958 | €93,357 | +€21,399 | +29.7% |
| Other operating charges | 640/8 | €41,963 | €6,240 | -€35,722 | -85.1% |
| Gross operating margin | 9900 | €213,004 | -€742 | -€213,747 | |
| Operating profit (loss) | 9901 | €99,084 | -€100,339 | -€199,423 | |
| Financial income | 75/76B | €2 | €1 | -€2 | -71.2% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -71.2% |
| Financial charges | 65/66B | €27,506 | €39,631 | +€12,125 | +44.1% |
| Recurring financial charges | 65 | €27,506 | €33,331 | +€5,825 | +21.2% |
| Non-recurring financial charges | 66B | - | €6,300 | +€6,300 | |
| Profit (loss) for the period before taxes | 9903 | €71,581 | -€139,969 | -€211,550 | |
| Income taxes | 67/77 | €16,595 | - | -€16,595 | |
| Profit (loss) for the period | 9904 | €54,985 | -€139,969 | -€194,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,985 | -€139,969 | -€194,954 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.