NST-Systems: 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-Systems
Largest movements
- Tangible fixed assets +€154,632
up €154,632 (+518%), from €29,879 to €184,511
of which Land and buildings: +€124,213
- Receivables within one year +€94,604
up €94,604 (+807%), from €11,719 to €106,323
of which Trade receivables: +€101,863
- Cash -€26,046
down €26,046 (-92.0%), from €28,325 to €2,279
mainly Investment in fixed assets (net) (-€187,594) and Receivables within one year (-€94,604)
- Financial fixed assets +€7,500
new in 2025: €7,500
- Debts after one year +€132,958
new in 2025: €132,958
- Trade debts +€35,515
up €35,515 (+1,256%), from €2,829 to €38,344
- Short-term financial debts +€31,361
new in 2025: €31,361
- Profit (loss) carried forward +€18,078
up €18,078 (+39.6%), from €45,652 to €63,730
- Other debts +€7,125
new in 2025: €7,125
- Depreciation +€21,213
up €21,213 (+499%), from €4,248 to €25,461
- Gross operating margin -€7,855
down €7,855 (-13.0%), from €60,444 to €52,589
- Taxes -€6,678
down €6,678 (-58.4%), from €11,443 to €4,764
- Financial charges +€3,973
up €3,973 (+5,809%), from €68 to €4,042
- Financial income -€919
down €919 (-80.1%), from €1,147 to €228
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 | €69,924 | €300,614 | +€230,690 | +330% |
| Fixed assets | 21/28 | €29,879 | €192,011 | +€162,132 | +543% |
| Tangible fixed assets | 22/27 | €29,879 | €184,511 | +€154,632 | +518% |
| Land and buildings | 22 | - | €124,213 | +€124,213 | |
| Plant, machinery and equipment | 23 | €1,048 | €803 | -€245 | -23.4% |
| Furniture and vehicles | 24 | €28,831 | €59,495 | +€30,665 | +106% |
| Financial fixed assets | 28 | - | €7,500 | +€7,500 | |
| Current assets | 29/58 | €40,045 | €108,602 | +€68,558 | +171% |
| Amounts receivable within one year | 40/41 | €11,719 | €106,323 | +€94,604 | +807% |
| Trade receivables | 40 | €864 | €102,727 | +€101,863 | +11,787% |
| Other amounts receivable | 41 | €10,855 | €3,596 | -€7,259 | -66.9% |
| Cash at bank and in hand | 54/58 | €28,325 | €2,279 | -€26,046 | -92.0% |
| Total equity and liabilities | 10/49 | €69,924 | €300,614 | +€230,690 | +330% |
| Equity | 10/15 | €55,652 | €73,730 | +€18,078 | +32.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,652 | €63,730 | +€18,078 | +39.6% |
| Amounts payable | 17/49 | €14,272 | €226,884 | +€212,612 | +1,490% |
| Amounts payable after more than one year | 17 | - | €132,958 | +€132,958 | |
| Financial debts | 170/4 | - | €132,958 | +€132,958 | |
| Amounts payable within one year | 42/48 | €14,272 | €93,925 | +€79,653 | +558% |
| Current portion of amounts payable after more than one year | 42 | - | €6,744 | +€6,744 | |
| Financial debts | 43 | - | €31,361 | +€31,361 | |
| Credit institutions | 430/8 | - | €31,361 | +€31,361 | |
| Trade debts | 44 | €2,829 | €38,344 | +€35,515 | +1,256% |
| Suppliers | 440/4 | €2,829 | €38,344 | +€35,515 | +1,256% |
| Advances received on contracts in progress | 46 | €1 | - | -€1 | |
| Taxes, remuneration and social security | 45 | €11,443 | €10,351 | -€1,092 | -9.5% |
| Taxes | 450/3 | €11,443 | €10,351 | -€1,092 | -9.5% |
| Other amounts payable | 47/48 | - | €7,125 | +€7,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,248 | €25,461 | +€21,213 | +499% |
| Other operating charges | 640/8 | €180 | €473 | +€293 | +163% |
| Gross operating margin | 9900 | €60,444 | €52,589 | -€7,855 | -13.0% |
| Operating profit (loss) | 9901 | €56,016 | €26,656 | -€29,360 | -52.4% |
| Financial income | 75/76B | €1,147 | €228 | -€919 | -80.1% |
| Recurring financial income | 75 | €1,147 | €228 | -€919 | -80.1% |
| Financial charges | 65/66B | €68 | €4,042 | +€3,973 | +5,809% |
| Recurring financial charges | 65 | €68 | €4,042 | +€3,973 | +5,809% |
| Profit (loss) for the period before taxes | 9903 | €57,094 | €22,842 | -€34,252 | -60.0% |
| Income taxes | 67/77 | €11,443 | €4,764 | -€6,678 | -58.4% |
| Profit (loss) for the period | 9904 | €45,652 | €18,078 | -€27,574 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,652 | €18,078 | -€27,574 | -60.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.