What changed?
Two fiscal 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.
NEST
Largest movements
- Cash +€172,353
up €172,353 (+79.2%), from €217,621 to €389,973
mainly Trade debts (+€90,859) and Net result for the year (+€81,711)
- Receivables within one year +€83,504
up €83,504 (+89.5%), from €93,307 to €176,812
of which Trade receivables: +€91,887
- Tangible fixed assets +€82,774
up €82,774 (+20.9%), from €396,430 to €479,204
of which Land and buildings: +€98,733
- Trade debts +€90,859
up €90,859 (+78.4%), from €115,945 to €206,804
- Reserves +€81,711
up €81,711 (+58.0%), from €140,797 to €222,508
- Debts after one year +€77,166
up €77,166 (+21.8%), from €354,530 to €431,696
- Advances received +€67,978
new in 2024: €67,978
- Tax, wage and social debts +€11,761
up €11,761 (+18.8%), from €62,724 to €74,485
of which Remuneration and social security: +€32,073
- Gross operating margin +€69,255
up €69,255 (+29.1%), from €238,286 to €307,541
- Taxes +€17,990
up €17,990 (+112.4%), from €16,000 to €33,990
- Depreciation +€6,831
up €6,831 (+19.2%), from €35,543 to €42,374
- Other operating charges +€6,232
up €6,232 (+129.8%), from €4,802 to €11,034
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €725,818 | €1,066,079 | +€340,260 | +46.9% |
| Fixed assets | 21/28 | €414,890 | €499,293 | +€84,403 | +20.3% |
| Intangible fixed assets | 21 | - | €1,629 | +€1,629 | |
| Tangible fixed assets | 22/27 | €396,430 | €479,204 | +€82,774 | +20.9% |
| Land and buildings | 22 | €348,358 | €447,091 | +€98,733 | +28.3% |
| Plant, machinery and equipment | 23 | €12,836 | €9,461 | -€3,375 | -26.3% |
| Furniture and vehicles | 24 | €35,236 | €22,651 | -€12,585 | -35.7% |
| Financial fixed assets | 28 | €18,461 | €18,461 | = | 0.0% |
| Current assets | 29/58 | €310,928 | €566,785 | +€255,857 | +82.3% |
| Amounts receivable within one year | 40/41 | €93,307 | €176,812 | +€83,504 | +89.5% |
| Trade receivables | 40 | €15,468 | €107,355 | +€91,887 | +594.0% |
| Other amounts receivable | 41 | €77,839 | €69,457 | -€8,383 | -10.8% |
| Cash at bank and in hand | 54/58 | €217,621 | €389,973 | +€172,353 | +79.2% |
| Total equity and liabilities | 10/49 | €725,818 | €1,066,079 | +€340,260 | +46.9% |
| Equity | 10/15 | €159,397 | €241,108 | +€81,711 | +51.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,797 | €222,508 | +€81,711 | +58.0% |
| Distributable reserves | 133 | €140,797 | €222,508 | +€81,711 | +58.0% |
| Amounts payable | 17/49 | €566,421 | €824,971 | +€258,549 | +45.6% |
| Amounts payable after more than one year | 17 | €354,530 | €431,696 | +€77,166 | +21.8% |
| Financial debts | 170/4 | €354,530 | €431,696 | +€77,166 | +21.8% |
| Amounts payable within one year | 42/48 | €211,891 | €393,274 | +€181,383 | +85.6% |
| Current portion of amounts payable after more than one year | 42 | €25,722 | €36,507 | +€10,785 | +41.9% |
| Trade debts | 44 | €115,945 | €206,804 | +€90,859 | +78.4% |
| Suppliers | 440/4 | €115,945 | €206,804 | +€90,859 | +78.4% |
| Advances received on contracts in progress | 46 | - | €67,978 | +€67,978 | |
| Taxes, remuneration and social security | 45 | €62,724 | €74,485 | +€11,761 | +18.8% |
| Taxes | 450/3 | €54,492 | €34,179 | -€20,312 | -37.3% |
| Remuneration and social security | 454/9 | €8,233 | €40,306 | +€32,073 | +389.6% |
| Other amounts payable | 47/48 | €7,500 | €7,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €133,102 | €131,717 | -€1,385 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,543 | €42,374 | +€6,831 | +19.2% |
| Other operating charges | 640/8 | €4,802 | €11,034 | +€6,232 | +129.8% |
| Gross operating margin | 9900 | €238,286 | €307,541 | +€69,255 | +29.1% |
| Operating profit (loss) | 9901 | €64,839 | €122,416 | +€57,577 | +88.8% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.9% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.9% |
| Financial charges | 65/66B | €4,880 | €6,715 | +€1,835 | +37.6% |
| Recurring financial charges | 65 | €4,880 | €6,715 | +€1,835 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €59,974 | €115,701 | +€55,727 | +92.9% |
| Income taxes | 67/77 | €16,000 | €33,990 | +€17,990 | +112.4% |
| Profit (loss) for the period | 9904 | €43,974 | €81,711 | +€37,737 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,974 | €81,711 | +€37,737 | +85.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.