NYRSTAR: 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.
What changed
NYRSTAR
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3.0m
2024 · -€4.5m+€1.5m
Equity
-€11.4m
2024 · -€8.4m-€3.0m
Cash
€858,303
2024 · €1.5m-€661,986
Balance sheet total
€10.6m
2024 · €13.3m-€2.7m
Largest movements
Assets
- Current investments -€2.0m
down €2.0m (-18.2%), from €11.0m to €9.0m
- Cash -€661,986
down €661,986 (-43.5%), from €1.5m to €858,303
mainly Net result for the year (-€3.0m) and Provisions (-€293,383)
- Receivables within one year -€201,439
down €201,439 (-36.6%), from €550,535 to €349,095
- Deferred charges and accrued income +€147,573
up €147,573 (+54.2%), from €272,325 to €419,898
Equity and liabilities
- Profit (loss) carried forward -€3.0m
down €3.0m (-0.2%), from -€1.36bn to -€1.36bn
- Short-term financial debts +€346,711
up €346,711 (+3.3%), from €10.5m to €10.8m
- Provisions -€293,383
down €293,383 (-2.7%), from €10.7m to €10.5m
- Trade debts +€236,077
up €236,077 (+68.8%), from €343,007 to €579,084
Income statement
- Services and other goods -€667,532
down €667,532 (-13.2%), from €5.0m to €4.4m
- Financial income -€257,393
down €257,393 (-55.8%), from €461,067 to €203,674
- Financial charges -€142,321
down €142,321 (-33.0%), from €431,300 to €288,978
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.
Result 2024
-€4.5m
Provisions
-€747
Other operating charges
-€80,033
Other operating items
+€1.7m
Financial income
-€257,393
Financial charges
+€142,321
Result 2025
-€3.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.0m
Investment
+€2.0m
Financing
+€346,711
Cash 2024
€1.5m
From operations (derived)
-€3.0m
Net result for the year
-€3.0m
Receivables within one year
+€201,439
Deferred charges and accrued income
-€147,573
Provisions
-€293,383
Trade debts
+€236,077
Tax, wage and social debts
+€8,301
Accrued charges and deferred income
-€57,576
Investment (derived)
+€2.0m
Current investments
+€2.0m
Financing
+€346,711
Short-term financial debts
+€346,711
Cash 2025
€858,303
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,343,149 | €10,627,297 | -€2.7m | -20.4% |
| Current assets | 29/58 | €13,343,149 | €10,627,297 | -€2.7m | -20.4% |
| Amounts receivable within one year | 40/41 | €550,535 | €349,095 | -€201,439 | -36.6% |
| Other amounts receivable | 41 | €550,535 | €349,095 | -€201,439 | -36.6% |
| Current investments | 50/53 | €11,000,000 | €9,000,000 | -€2.0m | -18.2% |
| Other investments | 51/53 | €11,000,000 | €9,000,000 | -€2.0m | -18.2% |
| Cash at bank and in hand | 54/58 | €1,520,289 | €858,303 | -€661,986 | -43.5% |
| Deferred charges and accrued income | 490/1 | €272,325 | €419,898 | +€147,573 | +54.2% |
| Total equity and liabilities | 10/49 | €13,343,149 | €10,627,297 | -€2.7m | -20.4% |
| Equity | 10/15 | -€8,431,978 | -€11,387,960 | -€3.0m | -35.1% |
| Contributions | 10/11 | €1,330,530,636 | €1,330,530,636 | = | 0.0% |
| Capital | 10 | €114,134,761 | €114,134,761 | = | 0.0% |
| Issued capital | 100 | €114,134,761 | €114,134,761 | = | 0.0% |
| Contributions outside capital | 11 | €1,216,395,875 | €1,216,395,875 | = | 0.0% |
| Share premium | 1100/10 | €1,216,395,875 | €1,216,395,875 | = | 0.0% |
| Reserves | 13 | €16,257,028 | €16,257,028 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,257,028 | €16,257,028 | = | 0.0% |
| Legal reserve | 130 | €16,257,028 | €16,257,028 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,355,219,642 | -€1,358,175,624 | -€3.0m | -0.2% |
| Provisions and deferred taxes | 16 | €10,744,968 | €10,451,585 | -€293,383 | -2.7% |
| Provisions for liabilities and charges | 160/5 | €10,744,968 | €10,451,585 | -€293,383 | -2.7% |
| Other liabilities and charges | 164/5 | €10,744,968 | €10,451,585 | -€293,383 | -2.7% |
| Amounts payable | 17/49 | €11,030,159 | €11,563,672 | +€533,512 | +4.8% |
| Amounts payable within one year | 42/48 | €10,850,268 | €11,441,356 | +€591,089 | +5.4% |
| Financial debts | 43 | €10,485,695 | €10,832,406 | +€346,711 | +3.3% |
| Other loans | 439 | €10,485,695 | €10,832,406 | +€346,711 | +3.3% |
| Trade debts | 44 | €343,007 | €579,084 | +€236,077 | +68.8% |
| Suppliers | 440/4 | €343,007 | €579,084 | +€236,077 | +68.8% |
| Taxes, remuneration and social security | 45 | €21,565 | €29,866 | +€8,301 | +38.5% |
| Taxes | 450/3 | €16,565 | €29,866 | +€13,301 | +80.3% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Accrued charges and deferred income | 492/3 | €179,892 | €122,315 | -€57,576 | -32.0% |
| Operating income | 70/76A | €1,889,048 | €1,578,361 | -€310,687 | -16.4% |
| Other operating income | 74 | €35,052 | €39,375 | +€4,323 | +12.3% |
| Non-recurring operating income | 76A | €1,853,996 | €1,538,986 | -€315,010 | -17.0% |
| Operating charges | 60/66A | €6,389,891 | €4,449,039 | -€1.9m | -30.4% |
| Services and other goods | 61 | €5,039,935 | €4,372,403 | -€667,532 | -13.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,230 | -€4,483 | +€747 | +14.3% |
| Other operating charges | 640/8 | €1,086 | €81,118 | +€80,033 | +7,373% |
| Non-recurring operating charges | 66A | €1,354,100 | - | -€1.4m | |
| Operating profit (loss) | 9901 | -€4,500,843 | -€2,870,678 | +€1.6m | +36.2% |
| Financial income | 75/76B | €461,067 | €203,674 | -€257,393 | -55.8% |
| Recurring financial income | 75 | €461,067 | €203,674 | -€257,393 | -55.8% |
| Income from current assets | 751 | €460,892 | €203,331 | -€257,561 | -55.9% |
| Other financial income | 752/9 | €175 | €343 | +€168 | +95.9% |
| Financial charges | 65/66B | €431,300 | €288,978 | -€142,321 | -33.0% |
| Recurring financial charges | 65 | €431,300 | €288,978 | -€142,321 | -33.0% |
| Debt charges | 650 | €428,120 | €285,131 | -€142,989 | -33.4% |
| Other financial charges | 652/9 | €3,180 | €3,848 | +€667 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,471,076 | -€2,955,982 | +€1.5m | +33.9% |
| Profit (loss) for the period | 9904 | -€4,471,076 | -€2,955,982 | +€1.5m | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,471,076 | -€2,955,982 | +€1.5m | +33.9% |
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 19 October 2026 via checked.be.