NEBO: 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.
NEBO
Largest movements
- Current investments -€40,000
down €40,000 (-33.3%), from €120,000 to €80,000
- Cash +€39,959
up €39,959 (+20.5%), from €194,589 to €234,548
mainly Net result for the year (+€53,518) and Current investments (+€40,000)
- Tangible fixed assets -€13,340
down €13,340 (-49.9%), from €26,733 to €13,393
of which Furniture and vehicles: -€10,821
- Receivables within one year +€9,061
up €9,061 (+46.6%), from €19,456 to €28,517
of which Trade receivables: +€9,416
- Reserves +€53,500
up €53,500 (+18.4%), from €290,750 to €344,250
of which Distributable reserves: +€53,500
- Other debts -€53,438
down €53,438 (-88.9%), from €60,082 to €6,643
- Gross operating margin +€6,707
up €6,707 (+8.6%), from €77,992 to €84,699
- Financial income +€4,286
up €4,286 (+477.6%), from €897 to €5,183
- Taxes +€3,208
up €3,208 (+17.6%), from €18,217 to €21,425
- Depreciation -€850
down €850 (-5.7%), from €14,854 to €14,004
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 | €363,035 | €361,652 | -€1,383 | -0.4% |
| Fixed assets | 21/28 | €26,733 | €13,393 | -€13,340 | -49.9% |
| Tangible fixed assets | 22/27 | €26,733 | €13,393 | -€13,340 | -49.9% |
| Plant, machinery and equipment | 23 | €4,835 | €3,314 | -€1,521 | -31.5% |
| Furniture and vehicles | 24 | €20,669 | €9,848 | -€10,821 | -52.4% |
| Other tangible fixed assets | 26 | €1,229 | €231 | -€998 | -81.2% |
| Current assets | 29/58 | €336,302 | €348,259 | +€11,957 | +3.6% |
| Amounts receivable within one year | 40/41 | €19,456 | €28,517 | +€9,061 | +46.6% |
| Trade receivables | 40 | €18,838 | €28,254 | +€9,416 | +50.0% |
| Other amounts receivable | 41 | €619 | €263 | -€355 | -57.4% |
| Current investments | 50/53 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €194,589 | €234,548 | +€39,959 | +20.5% |
| Deferred charges and accrued income | 490/1 | €2,256 | €5,194 | +€2,938 | +130.2% |
| Total equity and liabilities | 10/49 | €363,035 | €361,652 | -€1,383 | -0.4% |
| Equity | 10/15 | €298,254 | €351,771 | +€53,518 | +17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €290,750 | €344,250 | +€53,500 | +18.4% |
| Tax-exempt reserves | 132 | €11,390 | €11,390 | = | 0.0% |
| Distributable reserves | 133 | €279,360 | €332,860 | +€53,500 | +19.2% |
| Profit (loss) carried forward | 14 | €1,304 | €1,322 | +€18 | +1.4% |
| Amounts payable | 17/49 | €64,781 | €9,881 | -€54,901 | -84.7% |
| Amounts payable within one year | 42/48 | €64,295 | €9,458 | -€54,836 | -85.3% |
| Trade debts | 44 | €408 | €712 | +€305 | +74.8% |
| Suppliers | 440/4 | €408 | €712 | +€305 | +74.8% |
| Taxes, remuneration and social security | 45 | €3,805 | €2,103 | -€1,703 | -44.7% |
| Taxes | 450/3 | €457 | €2,103 | +€1,646 | +360.5% |
| Remuneration and social security | 454/9 | €3,349 | €0 | -€3,349 | -100.0% |
| Other amounts payable | 47/48 | €60,082 | €6,643 | -€53,438 | -88.9% |
| Accrued charges and deferred income | 492/3 | €486 | €422 | -€64 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,854 | €14,004 | -€850 | -5.7% |
| Other operating charges | 640/8 | €506 | €589 | +€83 | +16.4% |
| Gross operating margin | 9900 | €77,992 | €84,699 | +€6,707 | +8.6% |
| Operating profit (loss) | 9901 | €62,632 | €70,107 | +€7,474 | +11.9% |
| Financial income | 75/76B | €897 | €5,183 | +€4,286 | +477.6% |
| Recurring financial income | 75 | €897 | €5,183 | +€4,286 | +477.6% |
| Financial charges | 65/66B | €156 | €347 | +€191 | +122.4% |
| Recurring financial charges | 65 | €156 | €347 | +€191 | +122.4% |
| Profit (loss) for the period before taxes | 9903 | €63,373 | €74,942 | +€11,569 | +18.3% |
| Income taxes | 67/77 | €18,217 | €21,425 | +€3,208 | +17.6% |
| Profit (loss) for the period | 9904 | €45,156 | €53,518 | +€8,361 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,156 | €53,518 | +€8,361 | +18.5% |
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 12 October 2026 via checked.be.