NIESTEN: 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.
NIESTEN
Largest movements
- Cash +€22,454
up €22,454 (+218%), from €10,286 to €32,740
mainly Net result for the year (+€18,774) and Depreciation (+€18,277)
- Receivables within one year -€8,864
down €8,864 (-21.4%), from €41,391 to €32,527
of which Trade receivables: -€8,894
- Reserves +€18,774
up €18,774 (+163%), from €11,524 to €30,298
of which Distributable reserves: +€18,774
- Debts after one year -€14,735
down €14,735 (-20.4%), from €72,316 to €57,580
of which Financial debts: -€14,735
- Other debts +€3,670
up €3,670 (+10.5%), from €34,784 to €38,454
- Tax, wage and social debts +€3,065
up €3,065 (+51.9%), from €5,908 to €8,973
- Trade debts +€1,853
up €1,853 (+161%), from €1,152 to €3,005
- Gross operating margin +€11,683
up €11,683 (+36.5%), from €32,043 to €43,726
- Taxes +€3,605
up €3,605 (+331%), from €1,088 to €4,694
- Depreciation +€960
up €960 (+5.5%), from €17,317 to €18,277
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 | €146,069 | €160,195 | +€14,126 | +9.7% |
| Fixed assets | 21/28 | €93,193 | €93,216 | +€23 | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €88,193 | €87,716 | -€477 | -0.5% |
| Plant, machinery and equipment | 23 | €5,979 | €6,992 | +€1,013 | +16.9% |
| Furniture and vehicles | 24 | €2,934 | €14,038 | +€11,104 | +378% |
| Other tangible fixed assets | 26 | €79,279 | €66,685 | -€12,594 | -15.9% |
| Financial fixed assets | 28 | €5,000 | €5,500 | +€500 | +10.0% |
| Current assets | 29/58 | €52,877 | €66,979 | +€14,103 | +26.7% |
| Amounts receivable within one year | 40/41 | €41,391 | €32,527 | -€8,864 | -21.4% |
| Trade receivables | 40 | €41,216 | €32,322 | -€8,894 | -21.6% |
| Other amounts receivable | 41 | €175 | €205 | +€30 | +17.1% |
| Cash at bank and in hand | 54/58 | €10,286 | €32,740 | +€22,454 | +218% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,712 | +€513 | +42.8% |
| Total equity and liabilities | 10/49 | €146,069 | €160,195 | +€14,126 | +9.7% |
| Equity | 10/15 | €17,724 | €36,498 | +€18,774 | +106% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,524 | €30,298 | +€18,774 | +163% |
| 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 | €9,664 | €28,438 | +€18,774 | +194% |
| Amounts payable | 17/49 | €128,346 | €123,697 | -€4,649 | -3.6% |
| Amounts payable after more than one year | 17 | €72,316 | €57,580 | -€14,735 | -20.4% |
| Financial debts | 170/4 | €22,316 | €7,580 | -€14,735 | -66.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,030 | €66,117 | +€10,087 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €14,187 | €15,685 | +€1,499 | +10.6% |
| Trade debts | 44 | €1,152 | €3,005 | +€1,853 | +161% |
| Suppliers | 440/4 | €1,152 | €3,005 | +€1,853 | +161% |
| Taxes, remuneration and social security | 45 | €5,908 | €8,973 | +€3,065 | +51.9% |
| Taxes | 450/3 | €5,908 | €8,973 | +€3,065 | +51.9% |
| Other amounts payable | 47/48 | €34,784 | €38,454 | +€3,670 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,317 | €18,277 | +€960 | +5.5% |
| Other operating charges | 640/8 | €542 | €823 | +€282 | +52.0% |
| Gross operating margin | 9900 | €32,043 | €43,726 | +€11,683 | +36.5% |
| Operating profit (loss) | 9901 | €14,184 | €24,625 | +€10,441 | +73.6% |
| Financial income | 75/76B | €110 | €332 | +€222 | +201% |
| Recurring financial income | 75 | €110 | €332 | +€222 | +201% |
| Financial charges | 65/66B | €1,910 | €1,489 | -€421 | -22.0% |
| Recurring financial charges | 65 | €1,910 | €1,489 | -€421 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €12,384 | €23,468 | +€11,084 | +89.5% |
| Income taxes | 67/77 | €1,088 | €4,694 | +€3,605 | +331% |
| Profit (loss) for the period | 9904 | €11,296 | €18,774 | +€7,479 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,296 | €18,774 | +€7,479 | +66.2% |
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 16 October 2026 via checked.be.