Nearo: 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.
Nearo
Largest movements
- Tangible fixed assets -€44,037
down €44,037 (-9.8%), from €448,870 to €404,833
of which Land and buildings: -€24,519
- Cash +€20,813
up €20,813 (+98.6%), from €21,112 to €41,924
mainly Depreciation (+€42,082) and Net result for the year (+€19,943)
- Debts after one year -€25,167
down €25,167 (-74.5%), from €33,761 to €8,594
- Reserves -€19,295
down €19,295 (-2.7%), from €727,442 to €708,147
- Gross operating margin +€70,444
up €70,444 (+572%), from €12,314 to €82,758
- Depreciation +€8,314
up €8,314 (+24.6%), from €33,769 to €42,082
- Other operating charges +€7,993
up €7,993 (+215%), from €3,723 to €11,716
- Taxes +€5,372
up €5,372 (+2,360%), from €228 to €5,600
- Financial income -€3,395
down €3,395 (-100%), from €3,395 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €789,074 | €757,140 | -€31,934 | -4.0% |
| Fixed assets | 21/28 | €448,870 | €404,833 | -€44,037 | -9.8% |
| Tangible fixed assets | 22/27 | €448,870 | €404,833 | -€44,037 | -9.8% |
| Land and buildings | 22 | €410,698 | €386,179 | -€24,519 | -6.0% |
| Plant, machinery and equipment | 23 | €3,316 | €1,642 | -€1,674 | -50.5% |
| Furniture and vehicles | 24 | €34,856 | €17,012 | -€17,844 | -51.2% |
| Current assets | 29/58 | €340,204 | €352,308 | +€12,103 | +3.6% |
| Amounts receivable within one year | 40/41 | €48,866 | €45,956 | -€2,910 | -6.0% |
| Trade receivables | 40 | €48,279 | €45,375 | -€2,904 | -6.0% |
| Other amounts receivable | 41 | €587 | €581 | -€6 | -1.0% |
| Current investments | 50/53 | €254,802 | €254,203 | -€599 | -0.2% |
| Cash at bank and in hand | 54/58 | €21,112 | €41,924 | +€20,813 | +98.6% |
| Deferred charges and accrued income | 490/1 | €15,424 | €10,224 | -€5,200 | -33.7% |
| Total equity and liabilities | 10/49 | €789,074 | €757,140 | -€31,934 | -4.0% |
| Equity | 10/15 | €720,096 | €702,209 | -€17,887 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €727,442 | €708,147 | -€19,295 | -2.7% |
| Distributable reserves | 133 | €727,442 | €708,147 | -€19,295 | -2.7% |
| Profit (loss) carried forward | 14 | -€25,946 | -€24,538 | +€1,408 | +5.4% |
| Amounts payable | 17/49 | €68,978 | €54,931 | -€14,047 | -20.4% |
| Amounts payable after more than one year | 17 | €33,761 | €8,594 | -€25,167 | -74.5% |
| Financial debts | 170/4 | €33,761 | €8,594 | -€25,167 | -74.5% |
| Amounts payable within one year | 42/48 | €35,217 | €45,566 | +€10,349 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €24,270 | €25,167 | +€897 | +3.7% |
| Trade debts | 44 | €1,267 | €8,227 | +€6,960 | +549% |
| Suppliers | 440/4 | €1,267 | €8,227 | +€6,960 | +549% |
| Taxes, remuneration and social security | 45 | €6,797 | €10,291 | +€3,494 | +51.4% |
| Taxes | 450/3 | €6,797 | €10,291 | +€3,494 | +51.4% |
| Other amounts payable | 47/48 | €2,884 | €1,882 | -€1,002 | -34.7% |
| Accrued charges and deferred income | 492/3 | - | €771 | +€771 | |
| Non-recurring operating income | 76A | - | €18,535 | +€18,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,769 | €42,082 | +€8,314 | +24.6% |
| Other operating charges | 640/8 | €3,723 | €11,716 | +€7,993 | +215% |
| Gross operating margin | 9900 | €12,314 | €82,758 | +€70,444 | +572% |
| Operating profit (loss) | 9901 | -€25,177 | €28,960 | +€54,137 | |
| Financial income | 75/76B | €3,395 | €0 | -€3,395 | -100% |
| Recurring financial income | 75 | €3,395 | €0 | -€3,395 | -100% |
| Financial charges | 65/66B | €3,935 | €3,417 | -€518 | -13.2% |
| Recurring financial charges | 65 | €3,935 | €3,417 | -€518 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,718 | €25,543 | +€51,261 | |
| Income taxes | 67/77 | €228 | €5,600 | +€5,372 | +2,360% |
| Profit (loss) for the period | 9904 | -€25,946 | €19,943 | +€45,889 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,946 | €19,943 | +€45,889 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.