NABERE: 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.
NABERE
Largest movements
- Cash -€44,618
down €44,618 (-92.2%), from €48,380 to €3,762
mainly Net result for the year (-€29,135) and Receivables within one year (-€9,851)
- Receivables within one year +€9,851
up €9,851 (+6.3%), from €157,503 to €167,354
of which Other amounts receivable: +€13,851
- Tangible fixed assets -€4,735
down €4,735 (-12.4%), from €38,303 to €33,568
of which Land and buildings: -€4,525
- Receivables after one year +€4,549
up €4,549 (+2.5%), from €182,000 to €186,549
of which Trade receivables: +€4,549
- Profit (loss) carried forward -€29,135
new in 2025: -€29,135
- Gross operating margin -€67,698
down €67,698, from €46,263 to -€21,435
- Taxes -€12,934
down €12,934 (-98.6%), from €13,122 to €188
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.
Cash bridge derived
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 | €426,186 | €391,612 | -€34,574 | -8.1% |
| Fixed assets | 21/28 | €38,303 | €33,568 | -€4,735 | -12.4% |
| Tangible fixed assets | 22/27 | €38,303 | €33,568 | -€4,735 | -12.4% |
| Land and buildings | 22 | €37,564 | €33,039 | -€4,525 | -12.0% |
| Plant, machinery and equipment | 23 | €739 | €529 | -€210 | -28.4% |
| Current assets | 29/58 | €387,883 | €358,044 | -€29,839 | -7.7% |
| Amounts receivable after more than one year | 29 | €182,000 | €186,549 | +€4,549 | +2.5% |
| Trade receivables | 290 | - | €4,549 | +€4,549 | |
| Other amounts receivable | 291 | €182,000 | €182,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €157,503 | €167,354 | +€9,851 | +6.3% |
| Trade receivables | 40 | €4,000 | €0 | -€4,000 | -100.0% |
| Other amounts receivable | 41 | €153,503 | €167,354 | +€13,851 | +9.0% |
| Cash at bank and in hand | 54/58 | €48,380 | €3,762 | -€44,618 | -92.2% |
| Deferred charges and accrued income | 490/1 | - | €379 | +€379 | |
| Total equity and liabilities | 10/49 | €426,186 | €391,612 | -€34,574 | -8.1% |
| Equity | 10/15 | €394,358 | €365,224 | -€29,135 | -7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €388,158 | €388,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €386,298 | €386,298 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€29,135 | -€29,135 | |
| Amounts payable | 17/49 | €31,827 | €26,388 | -€5,439 | -17.1% |
| Amounts payable after more than one year | 17 | €9,753 | €5,689 | -€4,064 | -41.7% |
| Financial debts | 170/4 | €9,753 | €5,689 | -€4,064 | -41.7% |
| Amounts payable within one year | 42/48 | €22,074 | €20,700 | -€1,375 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €3,898 | €4,064 | +€166 | +4.3% |
| Trade debts | 44 | €1,226 | €0 | -€1,226 | -100.0% |
| Suppliers | 440/4 | €1,226 | €0 | -€1,226 | -100.0% |
| Taxes, remuneration and social security | 45 | €16,951 | €16,636 | -€315 | -1.9% |
| Taxes | 450/3 | €16,951 | €16,636 | -€315 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,735 | €4,735 | = | 0.0% |
| Other operating charges | 640/8 | €647 | €571 | -€76 | -11.8% |
| Gross operating margin | 9900 | €46,263 | -€21,435 | -€67,698 | |
| Operating profit (loss) | 9901 | €40,881 | -€26,741 | -€67,622 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €2,649 | €2,206 | -€442 | -16.7% |
| Recurring financial charges | 65 | €2,649 | €2,206 | -€442 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €38,232 | -€28,947 | -€67,179 | |
| Income taxes | 67/77 | €13,122 | €188 | -€12,934 | -98.6% |
| Profit (loss) for the period | 9904 | €25,110 | -€29,135 | -€54,245 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,110 | -€29,135 | -€54,245 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.