NST Elektro: 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 Elektro
Largest movements
- Receivables within one year +€14,859
up €14,859 (+244%), from €6,079 to €20,939
of which Trade receivables: +€13,428
- Deferred charges and accrued income +€6,872
up €6,872 (+678%), from €1,014 to €7,885
- Tangible fixed assets +€3,105
up €3,105 (+26.3%), from €11,798 to €14,903
of which Other tangible fixed assets: +€4,316
- Cash -€1,854
down €1,854 (-9.0%), from €20,522 to €18,668
mainly Receivables within one year (-€14,859) and Deferred charges and accrued income (-€6,872)
- Reserves +€12,404
up €12,404 (+49.4%), from €25,116 to €37,520
- Trade debts +€8,266
up €8,266 (+157%), from €5,260 to €13,526
- Other debts +€2,493
up €2,493 (+21.7%), from €11,486 to €13,979
- Gross operating margin -€15,474
down €15,474 (-40.9%), from €37,846 to €22,372
- Taxes -€3,726
down €3,726 (-45.9%), from €8,113 to €4,387
- Depreciation -€2,541
down €2,541 (-45.8%), from €5,550 to €3,009
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 | €45,693 | €68,829 | +€23,136 | +50.6% |
| Fixed assets | 21/28 | €11,798 | €14,903 | +€3,105 | +26.3% |
| Tangible fixed assets | 22/27 | €11,798 | €14,903 | +€3,105 | +26.3% |
| Plant, machinery and equipment | 23 | €3,506 | €4,304 | +€798 | +22.8% |
| Furniture and vehicles | 24 | €3,395 | €1,386 | -€2,009 | -59.2% |
| Other tangible fixed assets | 26 | €4,897 | €9,212 | +€4,316 | +88.1% |
| Current assets | 29/58 | €33,895 | €53,926 | +€20,031 | +59.1% |
| Stocks and contracts in progress | 3 | €6,280 | €6,435 | +€155 | +2.5% |
| Stocks | 30/36 | €6,280 | €6,435 | +€155 | +2.5% |
| Amounts receivable within one year | 40/41 | €6,079 | €20,939 | +€14,859 | +244% |
| Trade receivables | 40 | €1,226 | €14,654 | +€13,428 | +1,095% |
| Other amounts receivable | 41 | €4,853 | €6,285 | +€1,432 | +29.5% |
| Cash at bank and in hand | 54/58 | €20,522 | €18,668 | -€1,854 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,014 | €7,885 | +€6,872 | +678% |
| Total equity and liabilities | 10/49 | €45,693 | €68,829 | +€23,136 | +50.6% |
| Equity | 10/15 | €26,116 | €38,520 | +€12,404 | +47.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,116 | €37,520 | +€12,404 | +49.4% |
| Distributable reserves | 133 | €25,116 | €37,520 | +€12,404 | +49.4% |
| Amounts payable | 17/49 | €19,577 | €30,310 | +€10,733 | +54.8% |
| Amounts payable within one year | 42/48 | €17,177 | €27,910 | +€10,733 | +62.5% |
| Trade debts | 44 | €5,260 | €13,526 | +€8,266 | +157% |
| Suppliers | 440/4 | €5,260 | €13,526 | +€8,266 | +157% |
| Taxes, remuneration and social security | 45 | €431 | €404 | -€26 | -6.1% |
| Taxes | 450/3 | €431 | €404 | -€26 | -6.1% |
| Other amounts payable | 47/48 | €11,486 | €13,979 | +€2,493 | +21.7% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,400 | = | 0.0% |
| Non-recurring operating income | 76A | - | €13,529 | +€13,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,550 | €3,009 | -€2,541 | -45.8% |
| Other operating charges | 640/8 | €1,097 | €1,235 | +€138 | +12.6% |
| Gross operating margin | 9900 | €37,846 | €22,372 | -€15,474 | -40.9% |
| Operating profit (loss) | 9901 | €31,199 | €18,128 | -€13,071 | -41.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,587 | €1,337 | -€250 | -15.8% |
| Recurring financial charges | 65 | €1,587 | €1,337 | -€250 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €29,612 | €16,791 | -€12,821 | -43.3% |
| Income taxes | 67/77 | €8,113 | €4,387 | -€3,726 | -45.9% |
| Profit (loss) for the period | 9904 | €21,499 | €12,404 | -€9,095 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,499 | €12,404 | -€9,095 | -42.3% |
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 23 October 2026 via checked.be.