The Nestor: 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.
The Nestor
Largest movements
- Cash +€15,569
up €15,569 (+44.7%), from €34,850 to €50,418
mainly Net result for the year (+€23,759) and Depreciation (+€11,848)
- Intangible fixed assets -€4,627
down €4,627 (-76.8%), from €6,021 to €1,394
- Receivables within one year +€4,598
up €4,598 (+33.1%), from €13,871 to €18,469
- Reserves +€23,759
up €23,759 (+81.0%), from €29,348 to €53,107
- Other debts -€10,045
down €10,045 (-39.7%), from €25,300 to €15,255
- Trade debts +€3,149
up €3,149 (+212%), from €1,484 to €4,633
- Financial charges +€1,540
up €1,540 (+1,426%), from €108 to €1,648
- Gross operating margin +€932
up €932 (+2.1%), from €44,582 to €45,514
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 | €77,372 | €93,728 | +€16,356 | +21.1% |
| Fixed assets | 21/28 | €28,155 | €23,713 | -€4,442 | -15.8% |
| Intangible fixed assets | 21 | €6,021 | €1,394 | -€4,627 | -76.8% |
| Tangible fixed assets | 22/27 | €22,134 | €22,319 | +€185 | +0.8% |
| Land and buildings | 22 | - | €6,967 | +€6,967 | |
| Furniture and vehicles | 24 | €22,134 | €15,352 | -€6,782 | -30.6% |
| Current assets | 29/58 | €49,217 | €70,015 | +€20,798 | +42.3% |
| Amounts receivable within one year | 40/41 | €13,871 | €18,469 | +€4,598 | +33.1% |
| Trade receivables | 40 | €13,871 | €18,469 | +€4,598 | +33.1% |
| Cash at bank and in hand | 54/58 | €34,850 | €50,418 | +€15,569 | +44.7% |
| Deferred charges and accrued income | 490/1 | €496 | €1,128 | +€632 | +127% |
| Total equity and liabilities | 10/49 | €77,372 | €93,728 | +€16,356 | +21.1% |
| Equity | 10/15 | €39,348 | €63,107 | +€23,759 | +60.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €29,348 | €53,107 | +€23,759 | +81.0% |
| Distributable reserves | 133 | €29,348 | €53,107 | +€23,759 | +81.0% |
| Amounts payable | 17/49 | €38,024 | €30,621 | -€7,403 | -19.5% |
| Amounts payable within one year | 42/48 | €38,024 | €30,421 | -€7,603 | -20.0% |
| Trade debts | 44 | €1,484 | €4,633 | +€3,149 | +212% |
| Suppliers | 440/4 | €1,484 | €4,633 | +€3,149 | +212% |
| Taxes, remuneration and social security | 45 | €11,240 | €10,533 | -€707 | -6.3% |
| Taxes | 450/3 | €11,240 | €10,533 | -€707 | -6.3% |
| Other amounts payable | 47/48 | €25,300 | €15,255 | -€10,045 | -39.7% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,529 | €11,848 | +€319 | +2.8% |
| Other operating charges | 640/8 | €695 | €611 | -€85 | -12.2% |
| Gross operating margin | 9900 | €44,582 | €45,514 | +€932 | +2.1% |
| Operating profit (loss) | 9901 | €32,358 | €33,055 | +€697 | +2.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €108 | €1,648 | +€1,540 | +1,426% |
| Recurring financial charges | 65 | €108 | €1,648 | +€1,540 | +1,426% |
| Profit (loss) for the period before taxes | 9903 | €32,250 | €31,407 | -€843 | -2.6% |
| Income taxes | 67/77 | €7,525 | €7,648 | +€123 | +1.6% |
| Profit (loss) for the period | 9904 | €24,724 | €23,759 | -€965 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,724 | €23,759 | -€965 | -3.9% |
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 22 October 2026 via checked.be.