DI NERO: 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.
DI NERO
Largest movements
- Tangible fixed assets -€68,722
down €68,722 (-3.5%), from €1.9m to €1.9m
- Cash +€29,149
up €29,149 (+160%), from €18,183 to €47,332
mainly Depreciation (+€68,722) and Net result for the year (+€67,424)
- Debts after one year -€125,892
down €125,892 (-10.3%), from €1.2m to €1.1m
- Profit (loss) carried forward +€33,744
up €33,744 (+11.4%), from €296,578 to €330,322
- Reserves +€33,680
up €33,680 (+580%), from €5,806 to €39,486
of which Tax-exempt reserves: +€33,680
No income-statement line moved by more than 1% of the activity.
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 | €1,978,298 | €1,945,692 | -€32,606 | -1.6% |
| Fixed assets | 21/28 | €1,945,288 | €1,876,565 | -€68,722 | -3.5% |
| Tangible fixed assets | 22/27 | €1,945,288 | €1,876,565 | -€68,722 | -3.5% |
| Land and buildings | 22 | €1,945,288 | €1,876,565 | -€68,722 | -3.5% |
| Current assets | 29/58 | €33,011 | €69,127 | +€36,116 | +109% |
| Amounts receivable after more than one year | 29 | €2,923 | - | -€2,923 | |
| Trade receivables | 290 | €2,923 | - | -€2,923 | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | - | €2,923 | +€2,923 | |
| Trade receivables | 40 | - | €2,923 | +€2,923 | |
| Cash at bank and in hand | 54/58 | €18,183 | €47,332 | +€29,149 | +160% |
| Deferred charges and accrued income | 490/1 | €11,905 | €18,872 | +€6,967 | +58.5% |
| Total equity and liabilities | 10/49 | €1,978,298 | €1,945,692 | -€32,606 | -1.6% |
| Equity | 10/15 | €622,384 | €689,808 | +€67,424 | +10.8% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €5,806 | €39,486 | +€33,680 | +580% |
| Tax-exempt reserves | 132 | - | €33,680 | +€33,680 | |
| Distributable reserves | 133 | €5,806 | €5,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296,578 | €330,322 | +€33,744 | +11.4% |
| Amounts payable | 17/49 | €1,355,914 | €1,255,884 | -€100,030 | -7.4% |
| Amounts payable after more than one year | 17 | €1,226,762 | €1,100,870 | -€125,892 | -10.3% |
| Financial debts | 170/4 | €1,226,762 | €1,100,870 | -€125,892 | -10.3% |
| Credit institutions | 173 | €1,226,762 | €1,100,870 | -€125,892 | -10.3% |
| Amounts payable within one year | 42/48 | €129,152 | €155,014 | +€25,862 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €123,455 | €125,892 | +€2,438 | +2.0% |
| Trade debts | 44 | €5,698 | €21,122 | +€15,424 | +271% |
| Suppliers | 440/4 | €5,698 | €21,122 | +€15,424 | +271% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Operating income | 70/76A | €216,818 | €216,231 | -€587 | -0.3% |
| Other operating income | 74 | €216,818 | €216,231 | -€587 | -0.3% |
| Operating charges | 60/66A | €94,159 | €89,828 | -€4,331 | -4.6% |
| Services and other goods | 61 | €6,384 | €6,246 | -€139 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,722 | €68,722 | = | 0.0% |
| Other operating charges | 640/8 | €19,053 | €14,860 | -€4,192 | -22.0% |
| Operating profit (loss) | 9901 | €122,659 | €126,403 | +€3,744 | +3.1% |
| Financial charges | 65/66B | €28,034 | €25,726 | -€2,309 | -8.2% |
| Recurring financial charges | 65 | €28,034 | €25,726 | -€2,309 | -8.2% |
| Debt charges | 650 | €27,708 | €25,318 | -€2,390 | -8.6% |
| Other financial charges | 652/9 | €326 | €408 | +€82 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €94,624 | €100,677 | +€6,053 | +6.4% |
| Income taxes | 67/77 | €17,247 | €33,253 | +€16,006 | +92.8% |
| Taxes | 670/3 | €17,247 | €33,253 | +€16,006 | +92.8% |
| Profit (loss) for the period | 9904 | €77,377 | €67,424 | -€9,953 | -12.9% |
| Transfer to tax-exempt reserves | 689 | - | €33,680 | +€33,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,377 | €33,744 | -€43,633 | -56.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.