NEF Consultancy: 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.
NEF Consultancy
Largest movements
- Receivables within one year -€131,498
down €131,498 (-98.8%), from €133,078 to €1,579
of which Other amounts receivable: -€133,078
- Current investments -€70,000
down €70,000 (-50.0%), from €140,000 to €70,000
- Receivables after one year -€64,287
down €64,287 (-38.9%), from €165,149 to €100,862
- Tangible fixed assets -€29,840
down €29,840 (-5.8%), from €511,807 to €481,967
of which Land and buildings: -€26,173
- Other debts -€279,173
down €279,173 (-72.0%), from €387,500 to €108,327
- Debts after one year -€27,836
down €27,836 (-24.2%), from €115,221 to €87,385
- Financial income -€104,173
down €104,173 (-81.9%), from €127,253 to €23,080
- Gross operating margin +€55,129
up €55,129, from -€37,584 to €17,545
- Taxes -€5,213
down €5,213 (-86.3%), from €6,042 to €829
- Financial charges -€749
down €749 (-29.9%), from €2,504 to €1,754
- Other operating charges -€379
down €379 (-16.9%), from €2,239 to €1,860
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 | €966,514 | €658,034 | -€308,480 | -31.9% |
| Fixed assets | 21/28 | €514,395 | €482,979 | -€31,415 | -6.1% |
| Tangible fixed assets | 22/27 | €511,807 | €481,967 | -€29,840 | -5.8% |
| Land and buildings | 22 | €478,994 | €452,821 | -€26,173 | -5.5% |
| Plant, machinery and equipment | 23 | €1,368 | €949 | -€419 | -30.6% |
| Furniture and vehicles | 24 | €31,445 | €28,197 | -€3,248 | -10.3% |
| Financial fixed assets | 28 | €2,587 | €1,012 | -€1,575 | -60.9% |
| Current assets | 29/58 | €452,119 | €175,054 | -€277,065 | -61.3% |
| Amounts receivable after more than one year | 29 | €165,149 | €100,862 | -€64,287 | -38.9% |
| Other amounts receivable | 291 | €165,149 | €100,862 | -€64,287 | -38.9% |
| Amounts receivable within one year | 40/41 | €133,078 | €1,579 | -€131,498 | -98.8% |
| Trade receivables | 40 | €0 | €1,579 | +€1,579 | |
| Other amounts receivable | 41 | €133,078 | €0 | -€133,078 | -100.0% |
| Current investments | 50/53 | €140,000 | €70,000 | -€70,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €7,213 | €2,043 | -€5,170 | -71.7% |
| Deferred charges and accrued income | 490/1 | €6,680 | €570 | -€6,110 | -91.5% |
| Total equity and liabilities | 10/49 | €966,514 | €658,034 | -€308,480 | -31.9% |
| Equity | 10/15 | €419,793 | €424,559 | +€4,766 | +1.1% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €408,511 | €413,277 | +€4,766 | +1.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €389,761 | €394,527 | +€4,766 | +1.2% |
| Profit (loss) carried forward | 14 | €4,882 | €4,882 | = | 0.0% |
| Amounts payable | 17/49 | €546,721 | €233,474 | -€313,247 | -57.3% |
| Amounts payable after more than one year | 17 | €115,221 | €87,385 | -€27,836 | -24.2% |
| Financial debts | 170/4 | €115,221 | €87,385 | -€27,836 | -24.2% |
| Amounts payable within one year | 42/48 | €426,075 | €142,256 | -€283,819 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €29,881 | €30,145 | +€264 | +0.9% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €4,630 | €3,457 | -€1,173 | -25.3% |
| Suppliers | 440/4 | €4,630 | €3,457 | -€1,173 | -25.3% |
| Taxes, remuneration and social security | 45 | €4,064 | €323 | -€3,741 | -92.0% |
| Taxes | 450/3 | €4,064 | €323 | -€3,741 | -92.0% |
| Other amounts payable | 47/48 | €387,500 | €108,327 | -€279,173 | -72.0% |
| Accrued charges and deferred income | 492/3 | €5,425 | €3,834 | -€1,592 | -29.3% |
| Non-recurring operating income | 76A | - | €16,340 | +€16,340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,840 | €29,840 | = | 0.0% |
| Other operating charges | 640/8 | €2,239 | €1,860 | -€379 | -16.9% |
| Non-recurring operating charges | 66A | €0 | €1,575 | +€1,575 | |
| Gross operating margin | 9900 | -€37,584 | €17,545 | +€55,129 | |
| Operating profit (loss) | 9901 | -€69,663 | -€15,730 | +€53,933 | +77.4% |
| Financial income | 75/76B | €127,253 | €23,080 | -€104,173 | -81.9% |
| Recurring financial income | 75 | €127,253 | €23,080 | -€104,173 | -81.9% |
| Financial charges | 65/66B | €2,504 | €1,754 | -€749 | -29.9% |
| Recurring financial charges | 65 | €2,504 | €1,754 | -€749 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €55,086 | €5,595 | -€49,491 | -89.8% |
| Income taxes | 67/77 | €6,042 | €829 | -€5,213 | -86.3% |
| Profit (loss) for the period | 9904 | €49,044 | €4,766 | -€44,278 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,044 | €4,766 | -€44,278 | -90.3% |
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 2 October 2026 via checked.be.