NEF GROUP: 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.
NEF GROUP
Largest movements
- Receivables within one year +€19,147
up €19,147 (+53.1%), from €36,060 to €55,206
of which Other amounts receivable: +€23,810
- Cash -€4,036
down €4,036 (-90.8%), from €4,445 to €410
mainly Receivables within one year (-€19,147) and Trade debts (-€3,918)
- Tangible fixed assets -€1,779
no longer reported in 2025 (was €1,779)
- Tax, wage and social debts +€12,345
up €12,345 (+54.2%), from €22,797 to €35,142
- Profit (loss) carried forward +€4,904
up €4,904, from -€2,454 to €2,450
- Trade debts -€3,918
down €3,918 (-32.8%), from €11,942 to €8,024
- Gross operating margin -€27,900
down €27,900 (-73.8%), from €37,808 to €9,907
- Taxes -€18,653
down €18,653 (-83.4%), from €22,356 to €3,703
- Staff costs -€15,991
no longer reported in 2025 (was €15,991)
- Other operating charges -€6,232
no longer reported in 2025 (was €6,232)
- Financial income +€487
new in 2025: €487
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 | €42,284 | €55,616 | +€13,332 | +31.5% |
| Fixed assets | 21/28 | €1,779 | - | -€1,779 | |
| Tangible fixed assets | 22/27 | €1,779 | - | -€1,779 | |
| Plant, machinery and equipment | 23 | €1,779 | - | -€1,779 | |
| Current assets | 29/58 | €40,505 | €55,616 | +€15,111 | +37.3% |
| Amounts receivable within one year | 40/41 | €36,060 | €55,206 | +€19,147 | +53.1% |
| Trade receivables | 40 | €20,560 | €15,896 | -€4,663 | -22.7% |
| Other amounts receivable | 41 | €15,500 | €39,310 | +€23,810 | +153.6% |
| Cash at bank and in hand | 54/58 | €4,445 | €410 | -€4,036 | -90.8% |
| Total equity and liabilities | 10/49 | €42,284 | €55,616 | +€13,332 | +31.5% |
| Equity | 10/15 | €7,546 | €12,450 | +€4,904 | +65.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,454 | €2,450 | +€4,904 | |
| Amounts payable | 17/49 | €34,739 | €43,166 | +€8,427 | +24.3% |
| Amounts payable within one year | 42/48 | €34,739 | €43,166 | +€8,427 | +24.3% |
| Trade debts | 44 | €11,942 | €8,024 | -€3,918 | -32.8% |
| Suppliers | 440/4 | €11,942 | €8,024 | -€3,918 | -32.8% |
| Taxes, remuneration and social security | 45 | €22,797 | €35,142 | +€12,345 | +54.2% |
| Taxes | 450/3 | €22,797 | €35,142 | +€12,345 | +54.2% |
| Remuneration, social security and pensions | 62 | €15,991 | - | -€15,991 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,779 | €1,779 | = | 0.0% |
| Other operating charges | 640/8 | €6,232 | - | -€6,232 | |
| Gross operating margin | 9900 | €37,808 | €9,907 | -€27,900 | -73.8% |
| Operating profit (loss) | 9901 | €13,805 | €8,128 | -€5,677 | -41.1% |
| Financial income | 75/76B | - | €487 | +€487 | |
| Recurring financial income | 75 | - | €487 | +€487 | |
| Financial charges | 65/66B | €211 | €8 | -€204 | -96.4% |
| Recurring financial charges | 65 | €211 | €8 | -€204 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €13,594 | €8,607 | -€4,987 | -36.7% |
| Income taxes | 67/77 | €22,356 | €3,703 | -€18,653 | -83.4% |
| Profit (loss) for the period | 9904 | -€8,762 | €4,904 | +€13,666 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,762 | €4,904 | +€13,666 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.