NISTEJO: what changed
NISTEJO
Largest movements
- Receivables within one year -€17,897
down €17,897 (-96.6%), from €18,522 to €624
of which Trade receivables: -€9,050
- Tangible fixed assets -€10,433
down €10,433 (-23.9%), from €43,728 to €33,295
- Cash +€3,454
up €3,454 (+444%), from €779 to €4,233
mainly Receivables within one year (+€17,897) and Depreciation (+€10,433)
- Other debts -€11,070
down €11,070 (-11.9%), from €92,871 to €81,801
- Debts after one year -€10,248
down €10,248 (-29.1%), from €35,246 to €24,999
- Tax, wage and social debts -€7,477
down €7,477 (-61.2%), from €12,211 to €4,734
of which Remuneration and social security: -€8,199
- Reserves +€4,637
up €4,637 (+2.7%), from €173,394 to €178,031
- Gross operating margin +€13,784
up €13,784 (+183%), from €7,521 to €21,306
- Depreciation +€1,996
up €1,996 (+23.7%), from €8,437 to €10,433
- Taxes +€988
up €988 (+1,291%), from €77 to €1,064
- Financial charges +€273
up €273 (+7.1%), from €3,835 to €4,108
- Other operating charges +€231
up €231 (+27.8%), from €831 to €1,063
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,247 | €309,371 | -€24,876 | -7.4% |
| Fixed assets | 21/28 | €314,947 | €304,514 | -€10,433 | -3.3% |
| Tangible fixed assets | 22/27 | €43,728 | €33,295 | -€10,433 | -23.9% |
| Leasing and similar rights | 25 | €43,728 | €33,295 | -€10,433 | -23.9% |
| Financial fixed assets | 28 | €271,219 | €271,219 | = | 0.0% |
| Current assets | 29/58 | €19,300 | €4,857 | -€14,443 | -74.8% |
| Amounts receivable within one year | 40/41 | €18,522 | €624 | -€17,897 | -96.6% |
| Trade receivables | 40 | €9,075 | €25 | -€9,050 | -99.7% |
| Other amounts receivable | 41 | €9,447 | €600 | -€8,847 | -93.7% |
| Cash at bank and in hand | 54/58 | €779 | €4,233 | +€3,454 | +444% |
| Total equity and liabilities | 10/49 | €334,247 | €309,371 | -€24,876 | -7.4% |
| Equity | 10/15 | €179,594 | €184,231 | +€4,637 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €173,394 | €178,031 | +€4,637 | +2.7% |
| Distributable reserves | 133 | €173,394 | €178,031 | +€4,637 | +2.7% |
| Amounts payable | 17/49 | €154,654 | €125,140 | -€29,514 | -19.1% |
| Amounts payable after more than one year | 17 | €35,246 | €24,999 | -€10,248 | -29.1% |
| Financial debts | 170/4 | €35,246 | €24,999 | -€10,248 | -29.1% |
| Amounts payable within one year | 42/48 | €119,407 | €100,142 | -€19,266 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €9,514 | €10,248 | +€734 | +7.7% |
| Trade debts | 44 | €4,812 | €3,358 | -€1,453 | -30.2% |
| Suppliers | 440/4 | €4,812 | €3,358 | -€1,453 | -30.2% |
| Taxes, remuneration and social security | 45 | €12,211 | €4,734 | -€7,477 | -61.2% |
| Taxes | 450/3 | €4,012 | €4,734 | +€723 | +18.0% |
| Remuneration and social security | 454/9 | €8,199 | €0 | -€8,199 | -100% |
| Other amounts payable | 47/48 | €92,871 | €81,801 | -€11,070 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,437 | €10,433 | +€1,996 | +23.7% |
| Other operating charges | 640/8 | €831 | €1,063 | +€231 | +27.8% |
| Gross operating margin | 9900 | €7,521 | €21,306 | +€13,784 | +183% |
| Operating profit (loss) | 9901 | -€1,747 | €9,810 | +€11,557 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €3,835 | €4,108 | +€273 | +7.1% |
| Recurring financial charges | 65 | €3,835 | €4,108 | +€273 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,582 | €5,702 | +€11,284 | |
| Income taxes | 67/77 | €77 | €1,064 | +€988 | +1,291% |
| Profit (loss) for the period | 9904 | -€5,659 | €4,637 | +€10,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,659 | €4,637 | +€10,296 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.