Team Nest: 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.
Team Nest
Largest movements
- Receivables within one year +€68,193
up €68,193 (+160%), from €42,544 to €110,737
of which Other amounts receivable: +€40,181
- Tangible fixed assets -€17,513
down €17,513 (-6.6%), from €265,324 to €247,811
of which Furniture and vehicles: -€10,578
- Financial fixed assets +€10,200
up €10,200 (+1,511%), from €675 to €10,875
- Cash -€5,477
down €5,477 (-67.1%), from €8,163 to €2,686
mainly Receivables within one year (-€68,193) and Net result for the year (-€27,961)
- Tax, wage and social debts +€59,702
up €59,702 (+127%), from €46,911 to €106,613
of which Remuneration and social security: +€43,755
- Reserves -€27,961
down €27,961 (-52.4%), from €53,312 to €25,351
- Trade debts +€10,609
up €10,609 (+1,656%), from €640 to €11,249
- Debts after one year +€6,515
up €6,515 (+3.2%), from €202,227 to €208,743
- Current portion of long-term debt +€5,289
up €5,289 (+45.5%), from €11,615 to €16,904
- Staff costs +€112,529
up €112,529 (+89.0%), from €126,431 to €238,959
- Gross operating margin +€89,303
up €89,303 (+57.9%), from €154,178 to €243,482
- Depreciation -€3,773
down €3,773 (-17.7%), from €21,286 to €17,513
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 | €316,706 | €372,109 | +€55,403 | +17.5% |
| Fixed assets | 21/28 | €265,999 | €258,686 | -€7,313 | -2.7% |
| Tangible fixed assets | 22/27 | €265,324 | €247,811 | -€17,513 | -6.6% |
| Land and buildings | 22 | €250,812 | €244,432 | -€6,380 | -2.5% |
| Plant, machinery and equipment | 23 | €76 | €0 | -€76 | -100% |
| Furniture and vehicles | 24 | €13,819 | €3,241 | -€10,578 | -76.5% |
| Other tangible fixed assets | 26 | €616 | €138 | -€479 | -77.7% |
| Financial fixed assets | 28 | €675 | €10,875 | +€10,200 | +1,511% |
| Current assets | 29/58 | €50,707 | €113,423 | +€62,716 | +124% |
| Amounts receivable within one year | 40/41 | €42,544 | €110,737 | +€68,193 | +160% |
| Trade receivables | 40 | €39,451 | €67,462 | +€28,012 | +71.0% |
| Other amounts receivable | 41 | €3,093 | €43,275 | +€40,181 | +1,299% |
| Cash at bank and in hand | 54/58 | €8,163 | €2,686 | -€5,477 | -67.1% |
| Total equity and liabilities | 10/49 | €316,706 | €372,109 | +€55,403 | +17.5% |
| Equity | 10/15 | €54,312 | €26,351 | -€27,961 | -51.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,312 | €25,351 | -€27,961 | -52.4% |
| Distributable reserves | 133 | €53,312 | €25,351 | -€27,961 | -52.4% |
| Amounts payable | 17/49 | €262,394 | €345,758 | +€83,364 | +31.8% |
| Amounts payable after more than one year | 17 | €202,227 | €208,743 | +€6,515 | +3.2% |
| Financial debts | 170/4 | €202,227 | €208,743 | +€6,515 | +3.2% |
| Amounts payable within one year | 42/48 | €60,166 | €137,015 | +€76,848 | +128% |
| Current portion of amounts payable after more than one year | 42 | €11,615 | €16,904 | +€5,289 | +45.5% |
| Financial debts | 43 | €1,000 | €2,248 | +€1,248 | +125% |
| Credit institutions | 430/8 | - | €2,248 | +€2,248 | |
| Other loans | 439 | €1,000 | €0 | -€1,000 | -100% |
| Trade debts | 44 | €640 | €11,249 | +€10,609 | +1,656% |
| Suppliers | 440/4 | €640 | €11,249 | +€10,609 | +1,656% |
| Taxes, remuneration and social security | 45 | €46,911 | €106,613 | +€59,702 | +127% |
| Taxes | 450/3 | €20,093 | €36,040 | +€15,947 | +79.4% |
| Remuneration and social security | 454/9 | €26,818 | €70,573 | +€43,755 | +163% |
| Remuneration, social security and pensions | 62 | €126,431 | €238,959 | +€112,529 | +89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,286 | €17,513 | -€3,773 | -17.7% |
| Other operating charges | 640/8 | €4,878 | €5,498 | +€620 | +12.7% |
| Gross operating margin | 9900 | €154,178 | €243,482 | +€89,303 | +57.9% |
| Operating profit (loss) | 9901 | €1,584 | -€18,488 | -€20,072 | |
| Financial income | 75/76B | €0 | €1,089 | +€1,089 | +1,089,160% |
| Recurring financial income | 75 | €0 | €1,089 | +€1,089 | +1,089,160% |
| Financial charges | 65/66B | €12,770 | €10,562 | -€2,208 | -17.3% |
| Recurring financial charges | 65 | €12,770 | €10,562 | -€2,208 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,186 | -€27,961 | -€16,775 | -150% |
| Profit (loss) for the period | 9904 | -€11,186 | -€27,961 | -€16,775 | -150% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,186 | -€27,961 | -€16,775 | -150% |
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 16 October 2026 via checked.be.