PAUL NESTOR: what changed
What changed
PAUL NESTOR
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€7,192
2024 · -€5,342+€12,534
Equity
€63,652
2024 · €56,460+€7,192
Cash
€2,116
2024 · €2,918-€802
Balance sheet total
€127,346
2024 · €127,979-€633
Largest movements
Assets
- Tangible fixed assets -€5,905
down €5,905 (-21.7%), from €27,271 to €21,366
of which Furniture and vehicles: -€5,572
- Receivables within one year +€3,681
up €3,681 (+3.9%), from €95,313 to €98,995
- Stocks and contracts +€1,572
new in 2025: €1,572
Equity and liabilities
- Current portion of long-term debt -€23,920
down €23,920 (-79.0%), from €30,283 to €6,363
- Short-term financial debts +€18,887
new in 2025: €18,887
- Accrued charges and deferred income +€13,000
new in 2025: €13,000
- Profit (loss) carried forward +€7,192
up €7,192, from -€5,342 to €1,850
- Debts after one year -€6,363
down €6,363 (-33.4%), from €19,027 to €12,664
Income statement
- Gross operating margin +€24,370
up €24,370, from -€4,510 to €19,859
- Financial income -€5,279
down €5,279 (-100.0%), from €5,280 to €1
- Depreciation +€4,317
up €4,317 (+272%), from €1,589 to €5,905
- Financial charges +€1,574
up €1,574 (+62.0%), from €2,537 to €4,112
- Taxes +€1,171
up €1,171 (+433%), from €270 to €1,442
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5,342
Gross operating margin
+€24,370
Depreciation
-€4,317
Other operating charges
+€505
Financial income
-€5,279
Financial charges
-€1,574
Taxes
-€1,171
Result 2025
€7,192
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€10,595
Investment
€0
Financing
-€11,396
Cash 2024
€2,918
From operations (derived)
+€10,595
Net result for the year
+€7,192
Depreciation
+€5,905
Stocks and contracts
-€1,572
Receivables within one year
-€3,681
Deferred charges and accrued income
-€820
Trade debts
-€5,683
Tax, wage and social debts
-€2,786
Other debts
-€960
Accrued charges and deferred income
+€13,000
Financing
-€11,396
Debts after one year
-€6,363
Current portion of long-term debt
-€23,920
Short-term financial debts
+€18,887
Cash 2025
€2,116
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,979 | €127,346 | -€633 | -0.5% |
| Fixed assets | 21/28 | €28,814 | €22,908 | -€5,905 | -20.5% |
| Tangible fixed assets | 22/27 | €27,271 | €21,366 | -€5,905 | -21.7% |
| Plant, machinery and equipment | 23 | €888 | €555 | -€333 | -37.5% |
| Furniture and vehicles | 24 | €26,383 | €20,811 | -€5,572 | -21.1% |
| Financial fixed assets | 28 | €1,542 | €1,542 | = | 0.0% |
| Current assets | 29/58 | €99,166 | €104,438 | +€5,273 | +5.3% |
| Stocks and contracts in progress | 3 | - | €1,572 | +€1,572 | |
| Stocks | 30/36 | - | €1,572 | +€1,572 | |
| Amounts receivable within one year | 40/41 | €95,313 | €98,995 | +€3,681 | +3.9% |
| Other amounts receivable | 41 | €95,313 | €98,995 | +€3,681 | +3.9% |
| Cash at bank and in hand | 54/58 | €2,918 | €2,116 | -€802 | -27.5% |
| Deferred charges and accrued income | 490/1 | €935 | €1,755 | +€820 | +87.8% |
| Total equity and liabilities | 10/49 | €127,979 | €127,346 | -€633 | -0.5% |
| Equity | 10/15 | €56,460 | €63,652 | +€7,192 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,202 | €43,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,107 | €7,107 | = | 0.0% |
| Distributable reserves | 133 | €34,234 | €34,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,342 | €1,850 | +€7,192 | |
| Amounts payable | 17/49 | €71,519 | €63,694 | -€7,825 | -10.9% |
| Amounts payable after more than one year | 17 | €19,027 | €12,664 | -€6,363 | -33.4% |
| Financial debts | 170/4 | €19,027 | €12,664 | -€6,363 | -33.4% |
| Amounts payable within one year | 42/48 | €52,492 | €38,030 | -€14,462 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €30,283 | €6,363 | -€23,920 | -79.0% |
| Financial debts | 43 | - | €18,887 | +€18,887 | |
| Credit institutions | 430/8 | - | €18,887 | +€18,887 | |
| Trade debts | 44 | €13,341 | €7,659 | -€5,683 | -42.6% |
| Suppliers | 440/4 | €13,341 | €7,659 | -€5,683 | -42.6% |
| Taxes, remuneration and social security | 45 | €4,227 | €1,442 | -€2,786 | -65.9% |
| Taxes | 450/3 | €4,227 | €1,442 | -€2,786 | -65.9% |
| Other amounts payable | 47/48 | €4,640 | €3,681 | -€960 | -20.7% |
| Accrued charges and deferred income | 492/3 | - | €13,000 | +€13,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,589 | €5,905 | +€4,317 | +272% |
| Other operating charges | 640/8 | €1,715 | €1,210 | -€505 | -29.5% |
| Gross operating margin | 9900 | -€4,510 | €19,859 | +€24,370 | |
| Operating profit (loss) | 9901 | -€7,814 | €12,744 | +€20,558 | |
| Financial income | 75/76B | €5,280 | €1 | -€5,279 | -100.0% |
| Recurring financial income | 75 | €5,280 | €1 | -€5,279 | -100.0% |
| Financial charges | 65/66B | €2,537 | €4,112 | +€1,574 | +62.0% |
| Recurring financial charges | 65 | €2,537 | €4,112 | +€1,574 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,071 | €8,634 | +€13,705 | |
| Income taxes | 67/77 | €270 | €1,442 | +€1,171 | +433% |
| Profit (loss) for the period | 9904 | -€5,342 | €7,192 | +€12,534 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,342 | €7,192 | +€12,534 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.