LE NEFLIER: 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.
LE NEFLIER
Largest movements
- Cash -€520,098
down €520,098 (-19.8%), from €2.6m to €2.1m
mainly Other debts (-€865,000) and Net result for the year (-€77,908)
- Receivables within one year -€289,948
down €289,948 (-88.9%), from €326,202 to €36,254
of which Other amounts receivable: -€273,601
- Receivables after one year -€191,754
no longer reported in 2025 (was €191,754)
- Other debts -€865,000
no longer reported in 2025 (was €865,000)
- Profit (loss) carried forward -€77,908
down €77,908 (-17.3%), from €449,044 to €371,136
- Tax, wage and social debts -€40,254
down €40,254 (-91.4%), from €44,063 to €3,809
of which Taxes: -€40,178
- Gross operating margin -€2.9m
down €2.9m, from €2.9m to -€3,488
- Taxes -€639,577
down €639,577 (-99.9%), from €640,266 to €689
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 | €4,021,072 | €3,006,311 | -€1.0m | -25.2% |
| Fixed assets | 21/28 | €872,652 | €857,317 | -€15,335 | -1.8% |
| Tangible fixed assets | 22/27 | €872,652 | €857,317 | -€15,335 | -1.8% |
| Land and buildings | 22 | €858,401 | €845,926 | -€12,475 | -1.5% |
| Furniture and vehicles | 24 | €14,251 | €11,391 | -€2,860 | -20.1% |
| Current assets | 29/58 | €3,148,420 | €2,148,994 | -€999,426 | -31.7% |
| Amounts receivable after more than one year | 29 | €191,754 | - | -€191,754 | |
| Other amounts receivable | 291 | €191,754 | - | -€191,754 | |
| Amounts receivable within one year | 40/41 | €326,202 | €36,254 | -€289,948 | -88.9% |
| Trade receivables | 40 | €17,041 | €694 | -€16,347 | -95.9% |
| Other amounts receivable | 41 | €309,161 | €35,560 | -€273,601 | -88.5% |
| Cash at bank and in hand | 54/58 | €2,630,071 | €2,109,973 | -€520,098 | -19.8% |
| Deferred charges and accrued income | 490/1 | €393 | €2,767 | +€2,374 | +604% |
| Total equity and liabilities | 10/49 | €4,021,072 | €3,006,311 | -€1.0m | -25.2% |
| Equity | 10/15 | €2,676,039 | €2,598,131 | -€77,908 | -2.9% |
| Contributions | 10/11 | €1,859,201 | €1,859,201 | = | 0.0% |
| Reserves | 13 | €367,794 | €367,794 | = | 0.0% |
| Distributable reserves | 133 | €367,794 | €367,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | €449,044 | €371,136 | -€77,908 | -17.3% |
| Amounts payable | 17/49 | €1,345,033 | €408,180 | -€936,853 | -69.7% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €945,033 | €8,180 | -€936,853 | -99.1% |
| Trade debts | 44 | €35,970 | €4,371 | -€31,599 | -87.8% |
| Suppliers | 440/4 | €35,970 | €4,371 | -€31,599 | -87.8% |
| Taxes, remuneration and social security | 45 | €44,063 | €3,809 | -€40,254 | -91.4% |
| Taxes | 450/3 | €40,815 | €637 | -€40,178 | -98.4% |
| Remuneration and social security | 454/9 | €3,248 | €3,172 | -€76 | -2.3% |
| Other amounts payable | 47/48 | €865,000 | - | -€865,000 | |
| Non-recurring operating income | 76A | €3,030,023 | - | -€3.0m | |
| Remuneration, social security and pensions | 62 | €40,193 | €36,889 | -€3,304 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,681 | €15,334 | -€347 | -2.2% |
| Other operating charges | 640/8 | €13,148 | €13,836 | +€688 | +5.2% |
| Gross operating margin | 9900 | €2,924,328 | -€3,488 | -€2.9m | |
| Operating profit (loss) | 9901 | €2,855,306 | -€69,547 | -€2.9m | |
| Financial income | 75/76B | €15,445 | €13,646 | -€1,799 | -11.6% |
| Recurring financial income | 75 | €15,445 | €13,646 | -€1,799 | -11.6% |
| Financial charges | 65/66B | €20,647 | €21,318 | +€671 | +3.2% |
| Recurring financial charges | 65 | €20,647 | €21,318 | +€671 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €2,850,104 | -€77,219 | -€2.9m | |
| Income taxes | 67/77 | €640,266 | €689 | -€639,577 | -99.9% |
| Profit (loss) for the period | 9904 | €2,209,838 | -€77,908 | -€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,209,838 | -€77,908 | -€2.3m |
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 24 October 2026 via checked.be.