NST Consult: 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.
NST Consult
Largest movements
- Tangible fixed assets -€54,495
down €54,495 (-3.8%), from €1.4m to €1.4m
of which Land and buildings: -€58,502
- Receivables within one year -€22,270
down €22,270 (-30.0%), from €74,355 to €52,086
of which Trade receivables: -€23,218
- Deferred charges and accrued income +€16,557
up €16,557 (+959%), from €1,726 to €18,283
- Debts after one year -€58,594
down €58,594 (-8.3%), from €709,647 to €651,054
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Other debts +€29,007
up €29,007 (+70.7%), from €41,027 to €70,035
- Provisions -€9,266
down €9,266 (-96.4%), from €9,611 to €345
- Financial charges +€9,017
up €9,017 (+94.6%), from €9,530 to €18,547
- Gross operating margin -€3,618
down €3,618 (-2.9%), from €123,886 to €120,268
- Taxes -€3,571
no longer reported in 2025 (was €3,571)
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 | €1,552,486 | €1,483,723 | -€68,763 | -4.4% |
| Fixed assets | 21/28 | €1,460,513 | €1,400,206 | -€60,307 | -4.1% |
| Intangible fixed assets | 21 | €35,636 | €29,824 | -€5,812 | -16.3% |
| Tangible fixed assets | 22/27 | €1,424,877 | €1,370,382 | -€54,495 | -3.8% |
| Land and buildings | 22 | €1,289,757 | €1,231,255 | -€58,502 | -4.5% |
| Plant, machinery and equipment | 23 | €91,862 | €108,506 | +€16,644 | +18.1% |
| Furniture and vehicles | 24 | €43,258 | €30,621 | -€12,637 | -29.2% |
| Current assets | 29/58 | €91,973 | €83,517 | -€8,455 | -9.2% |
| Amounts receivable within one year | 40/41 | €74,355 | €52,086 | -€22,270 | -30.0% |
| Trade receivables | 40 | €74,355 | €51,137 | -€23,218 | -31.2% |
| Other amounts receivable | 41 | - | €948 | +€948 | |
| Cash at bank and in hand | 54/58 | €15,891 | €13,149 | -€2,743 | -17.3% |
| Deferred charges and accrued income | 490/1 | €1,726 | €18,283 | +€16,557 | +959% |
| Total equity and liabilities | 10/49 | €1,552,486 | €1,483,723 | -€68,763 | -4.4% |
| Equity | 10/15 | €673,376 | €674,057 | +€681 | +0.1% |
| Contributions | 10/11 | €405,000 | €405,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,376 | €269,057 | +€681 | +0.3% |
| Provisions and deferred taxes | 16 | €9,611 | €9,956 | +€345 | +3.6% |
| Provisions for liabilities and charges | 160/5 | €9,611 | €9,956 | +€345 | +3.6% |
| Other liabilities and charges | 164/5 | €9,611 | €9,956 | +€345 | +3.6% |
| Amounts payable | 17/49 | €869,499 | €799,710 | -€69,789 | -8.0% |
| Amounts payable after more than one year | 17 | €709,647 | €651,054 | -€58,594 | -8.3% |
| Financial debts | 170/4 | €709,647 | €651,054 | -€58,594 | -8.3% |
| Amounts payable within one year | 42/48 | €159,852 | €148,656 | -€11,195 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €58,182 | €58,594 | +€412 | +0.7% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €401 | €10,795 | +€10,394 | +2,591% |
| Suppliers | 440/4 | €401 | €10,795 | +€10,394 | +2,591% |
| Taxes, remuneration and social security | 45 | €10,241 | €9,233 | -€1,008 | -9.8% |
| Taxes | 450/3 | €10,241 | €9,233 | -€1,008 | -9.8% |
| Other amounts payable | 47/48 | €41,027 | €70,035 | +€29,007 | +70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,036 | €97,275 | +€1,239 | +1.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,611 | €345 | -€9,266 | -96.4% |
| Other operating charges | 640/8 | €3,315 | €3,420 | +€104 | +3.1% |
| Gross operating margin | 9900 | €123,886 | €120,268 | -€3,618 | -2.9% |
| Operating profit (loss) | 9901 | €14,923 | €19,228 | +€4,305 | +28.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,530 | €18,547 | +€9,017 | +94.6% |
| Recurring financial charges | 65 | €9,530 | €18,547 | +€9,017 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €5,393 | €681 | -€4,712 | -87.4% |
| Income taxes | 67/77 | €3,571 | - | -€3,571 | |
| Profit (loss) for the period | 9904 | €1,822 | €681 | -€1,141 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,822 | €681 | -€1,141 | -62.6% |
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.