NEBIRU: 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.
NEBIRU
Largest movements
- Cash -€121,935
down €121,935 (-57.9%), from €210,526 to €88,590
mainly Contributions, distributions and other (-€250,000) and Tax, wage and social debts (-€84,598)
- Receivables within one year -€92,155
down €92,155 (-23.7%), from €388,626 to €296,472
of which Other amounts receivable: -€149,612
- Profit (loss) carried forward -€214,391
down €214,391 (-43.9%), from €488,409 to €274,018
- Trade debts +€86,219
up €86,219 (+549.4%), from €15,694 to €101,913
- Tax, wage and social debts -€84,598
down €84,598 (-90.7%), from €93,318 to €8,721
- Gross operating margin +€11,351
up €11,351 (+99.5%), from €11,413 to €22,764
- Taxes -€6,731
no longer reported in 2025 (was €6,731)
- Financial income -€5,643
down €5,643 (-26.1%), from €21,658 to €16,015
- Financial charges +€1,664
up €1,664 (+141.0%), from €1,180 to €2,843
- Other operating charges -€897
down €897 (-73.3%), from €1,224 to €326
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 | €599,422 | €386,652 | -€212,770 | -35.5% |
| Fixed assets | 21/28 | €270 | €270 | = | 0.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €599,152 | €386,382 | -€212,770 | -35.5% |
| Amounts receivable within one year | 40/41 | €388,626 | €296,472 | -€92,155 | -23.7% |
| Trade receivables | 40 | €39,723 | €97,181 | +€57,458 | +144.6% |
| Other amounts receivable | 41 | €348,903 | €199,291 | -€149,612 | -42.9% |
| Cash at bank and in hand | 54/58 | €210,526 | €88,590 | -€121,935 | -57.9% |
| Deferred charges and accrued income | 490/1 | - | €1,320 | +€1,320 | |
| Total equity and liabilities | 10/49 | €599,422 | €386,652 | -€212,770 | -35.5% |
| Equity | 10/15 | €490,409 | €276,018 | -€214,391 | -43.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €488,409 | €274,018 | -€214,391 | -43.9% |
| Amounts payable | 17/49 | €109,013 | €110,634 | +€1,621 | +1.5% |
| Amounts payable within one year | 42/48 | €109,013 | €110,634 | +€1,621 | +1.5% |
| Trade debts | 44 | €15,694 | €101,913 | +€86,219 | +549.4% |
| Suppliers | 440/4 | €15,694 | €101,913 | +€86,219 | +549.4% |
| Taxes, remuneration and social security | 45 | €93,318 | €8,721 | -€84,598 | -90.7% |
| Taxes | 450/3 | €93,318 | €8,721 | -€84,598 | -90.7% |
| Other operating charges | 640/8 | €1,224 | €326 | -€897 | -73.3% |
| Gross operating margin | 9900 | €11,413 | €22,764 | +€11,351 | +99.5% |
| Operating profit (loss) | 9901 | €10,189 | €22,438 | +€12,248 | +120.2% |
| Financial income | 75/76B | €21,658 | €16,015 | -€5,643 | -26.1% |
| Recurring financial income | 75 | €21,658 | €16,015 | -€5,643 | -26.1% |
| Financial charges | 65/66B | €1,180 | €2,843 | +€1,664 | +141.0% |
| Recurring financial charges | 65 | €1,180 | €2,843 | +€1,664 | +141.0% |
| Profit (loss) for the period before taxes | 9903 | €30,668 | €35,609 | +€4,941 | +16.1% |
| Income taxes | 67/77 | €6,731 | - | -€6,731 | |
| Profit (loss) for the period | 9904 | €23,937 | €35,609 | +€11,672 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,937 | €35,609 | +€11,672 | +48.8% |
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 8 October 2026 via checked.be.