NUESTRA: 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.
NUESTRA
Largest movements
- Tangible fixed assets +€104,751
up €104,751 (+23.3%), from €449,857 to €554,608
of which Land and buildings: +€78,724
- Receivables within one year +€6,967
up €6,967 (+211%), from €3,296 to €10,262
of which Trade receivables: +€6,466
- Debts after one year +€83,284
up €83,284 (+35.5%), from €234,709 to €317,993
- Reserves +€33,951
up €33,951 (+34.2%), from €99,320 to €133,271
of which Distributable reserves: +€33,951
- Other debts -€13,716
down €13,716 (-23.5%), from €58,302 to €44,587
- Gross operating margin +€37,671
up €37,671 (+73.1%), from €51,528 to €89,198
- Taxes +€9,489
up €9,489 (+140%), from €6,767 to €16,255
- Financial charges +€5,911
up €5,911 (+45.9%), from €12,875 to €18,786
- Depreciation +€3,154
up €3,154 (+20.0%), from €15,768 to €18,922
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,743 | €565,461 | +€111,718 | +24.6% |
| Fixed assets | 21/28 | €449,857 | €554,608 | +€104,751 | +23.3% |
| Tangible fixed assets | 22/27 | €449,857 | €554,608 | +€104,751 | +23.3% |
| Land and buildings | 22 | €447,452 | €526,176 | +€78,724 | +17.6% |
| Furniture and vehicles | 24 | €2,406 | €28,433 | +€26,027 | +1,082% |
| Current assets | 29/58 | €3,885 | €10,852 | +€6,967 | +179% |
| Amounts receivable within one year | 40/41 | €3,296 | €10,262 | +€6,967 | +211% |
| Trade receivables | 40 | €2,351 | €8,817 | +€6,466 | +275% |
| Other amounts receivable | 41 | €944 | €1,445 | +€501 | +53.1% |
| Deferred charges and accrued income | 490/1 | €590 | €590 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €453,743 | €565,461 | +€111,718 | +24.6% |
| Equity | 10/15 | €117,920 | €151,871 | +€33,951 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,320 | €133,271 | +€33,951 | +34.2% |
| Non-distributable reserves | 130/1 | €1,544 | €1,544 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,544 | €1,544 | = | 0.0% |
| Distributable reserves | 133 | €97,776 | €131,726 | +€33,951 | +34.7% |
| Amounts payable | 17/49 | €335,823 | €413,590 | +€77,767 | +23.2% |
| Amounts payable after more than one year | 17 | €234,709 | €317,993 | +€83,284 | +35.5% |
| Financial debts | 170/4 | €234,709 | €317,993 | +€83,284 | +35.5% |
| Amounts payable within one year | 42/48 | €99,335 | €93,650 | -€5,685 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €25,046 | €21,309 | -€3,738 | -14.9% |
| Financial debts | 43 | €9,254 | €9,928 | +€675 | +7.3% |
| Credit institutions | 430/8 | €9,254 | €9,928 | +€675 | +7.3% |
| Trade debts | 44 | €2,107 | €7,701 | +€5,595 | +266% |
| Suppliers | 440/4 | €2,107 | €7,701 | +€5,595 | +266% |
| Taxes, remuneration and social security | 45 | €4,626 | €10,125 | +€5,499 | +119% |
| Taxes | 450/3 | €4,626 | €10,125 | +€5,499 | +119% |
| Other amounts payable | 47/48 | €58,302 | €44,587 | -€13,716 | -23.5% |
| Accrued charges and deferred income | 492/3 | €1,779 | €1,947 | +€168 | +9.5% |
| Non-recurring operating income | 76A | - | €7,549 | +€7,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,768 | €18,922 | +€3,154 | +20.0% |
| Other operating charges | 640/8 | €1,625 | €1,284 | -€340 | -20.9% |
| Gross operating margin | 9900 | €51,528 | €89,198 | +€37,671 | +73.1% |
| Operating profit (loss) | 9901 | €34,135 | €68,992 | +€34,857 | +102% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €12,875 | €18,786 | +€5,911 | +45.9% |
| Recurring financial charges | 65 | €12,875 | €18,786 | +€5,911 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €21,260 | €50,206 | +€28,946 | +136% |
| Income taxes | 67/77 | €6,767 | €16,255 | +€9,489 | +140% |
| Profit (loss) for the period | 9904 | €14,494 | €33,951 | +€19,457 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €14,494 | €33,951 | +€19,457 | +134% |
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.