NEARC: 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.
NEARC
Largest movements
- Cash +€35,113
up €35,113 (+41.4%), from €84,748 to €119,861
mainly Net result for the year (+€18,743) and Investment in fixed assets (net) (+€13,424)
- Tangible fixed assets -€20,792
down €20,792 (-13.9%), from €149,458 to €128,665
of which Land and buildings: -€19,530
- Deferred charges and accrued income -€13,000
no longer reported in 2025 (was €13,000)
- Receivables within one year +€4,005
up €4,005 (+86.9%), from €4,612 to €8,617
- Reserves +€18,743
up €18,743 (+9.0%), from €208,065 to €226,808
of which Distributable reserves: +€18,743
- Other debts -€11,613
down €11,613 (-85.1%), from €13,644 to €2,031
- Gross operating margin -€18,835
down €18,835 (-32.7%), from €57,541 to €38,706
- Taxes -€5,394
down €5,394 (-37.5%), from €14,389 to €8,995
- Depreciation -€1,847
down €1,847 (-20.0%), from €9,215 to €7,368
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 | €251,817 | €257,143 | +€5,326 | +2.1% |
| Fixed assets | 21/28 | €149,458 | €128,665 | -€20,792 | -13.9% |
| Tangible fixed assets | 22/27 | €149,458 | €128,665 | -€20,792 | -13.9% |
| Land and buildings | 22 | €145,415 | €125,885 | -€19,530 | -13.4% |
| Plant, machinery and equipment | 23 | €3,663 | €2,781 | -€882 | -24.1% |
| Furniture and vehicles | 24 | €380 | - | -€380 | |
| Current assets | 29/58 | €102,359 | €128,478 | +€26,118 | +25.5% |
| Amounts receivable within one year | 40/41 | €4,612 | €8,617 | +€4,005 | +86.9% |
| Other amounts receivable | 41 | €4,612 | €8,617 | +€4,005 | +86.9% |
| Cash at bank and in hand | 54/58 | €84,748 | €119,861 | +€35,113 | +41.4% |
| Deferred charges and accrued income | 490/1 | €13,000 | - | -€13,000 | |
| Total equity and liabilities | 10/49 | €251,817 | €257,143 | +€5,326 | +2.1% |
| Equity | 10/15 | €236,369 | €255,112 | +€18,743 | +7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €208,065 | €226,808 | +€18,743 | +9.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €206,206 | €224,949 | +€18,743 | +9.1% |
| Profit (loss) carried forward | 14 | €9,712 | €9,712 | = | 0.0% |
| Amounts payable | 17/49 | €15,448 | €2,031 | -€13,417 | -86.9% |
| Amounts payable within one year | 42/48 | €15,448 | €2,031 | -€13,417 | -86.9% |
| Trade debts | 44 | €1,804 | - | -€1,804 | |
| Suppliers | 440/4 | €1,804 | - | -€1,804 | |
| Other amounts payable | 47/48 | €13,644 | €2,031 | -€11,613 | -85.1% |
| Non-recurring operating income | 76A | €77,161 | €44,616 | -€32,545 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,215 | €7,368 | -€1,847 | -20.0% |
| Other operating charges | 640/8 | €3,836 | €3,377 | -€459 | -12.0% |
| Gross operating margin | 9900 | €57,541 | €38,706 | -€18,835 | -32.7% |
| Operating profit (loss) | 9901 | €44,491 | €27,961 | -€16,530 | -37.2% |
| Financial charges | 65/66B | €223 | €223 | +€0 | +0.1% |
| Recurring financial charges | 65 | €223 | €223 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €44,267 | €27,738 | -€16,530 | -37.3% |
| Income taxes | 67/77 | €14,389 | €8,995 | -€5,394 | -37.5% |
| Profit (loss) for the period | 9904 | €29,879 | €18,743 | -€11,136 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,879 | €18,743 | -€11,136 | -37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.