NEFER REBU: 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.
NEFER REBU
Largest movements
- Cash +€4,801
up €4,801 (+34.0%), from €14,129 to €18,930
mainly Trade debts (+€8,574) and Receivables within one year (+€4,208)
- Receivables within one year -€4,208
down €4,208 (-40.8%), from €10,312 to €6,104
of which Other amounts receivable: -€4,313
- Stocks and contracts +€2,650
up €2,650 (+75.9%), from €3,490 to €6,140
- Tangible fixed assets -€1,607
no longer reported in 2025 (was €1,607)
- Trade debts +€8,574
up €8,574 (+759%), from €1,130 to €9,704
- Reserves -€5,000
down €5,000 (-43.9%), from €11,390 to €6,390
- Profit (loss) carried forward -€3,073
down €3,073, from €248 to -€2,825
- Tax, wage and social debts +€1,168
up €1,168 (+33.3%), from €3,508 to €4,676
of which Remuneration and social security: +€1,840
- Gross operating margin -€6,106
down €6,106 (-24.5%), from €24,907 to €18,801
- Staff costs +€2,788
up €2,788 (+17.1%), from €16,287 to €19,075
- Depreciation -€1,385
down €1,385 (-46.3%), from €2,992 to €1,607
- Taxes -€1,036
down €1,036 (-85.4%), from €1,212 to €177
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.
Derived cash bridge
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 | €31,276 | €32,945 | +€1,669 | +5.3% |
| Fixed assets | 21/28 | €1,607 | - | -€1,607 | |
| Tangible fixed assets | 22/27 | €1,607 | - | -€1,607 | |
| Furniture and vehicles | 24 | €1,607 | - | -€1,607 | |
| Current assets | 29/58 | €29,668 | €32,945 | +€3,277 | +11.0% |
| Stocks and contracts in progress | 3 | €3,490 | €6,140 | +€2,650 | +75.9% |
| Stocks | 30/36 | €3,490 | €6,140 | +€2,650 | +75.9% |
| Amounts receivable within one year | 40/41 | €10,312 | €6,104 | -€4,208 | -40.8% |
| Trade receivables | 40 | €206 | €311 | +€105 | +50.8% |
| Other amounts receivable | 41 | €10,106 | €5,793 | -€4,313 | -42.7% |
| Cash at bank and in hand | 54/58 | €14,129 | €18,930 | +€4,801 | +34.0% |
| Deferred charges and accrued income | 490/1 | €1,737 | €1,771 | +€34 | +2.0% |
| Total equity and liabilities | 10/49 | €31,276 | €32,945 | +€1,669 | +5.3% |
| Equity | 10/15 | €21,638 | €13,565 | -€8,073 | -37.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €11,390 | €6,390 | -€5,000 | -43.9% |
| Distributable reserves | 133 | €11,390 | €6,390 | -€5,000 | -43.9% |
| Profit (loss) carried forward | 14 | €248 | -€2,825 | -€3,073 | |
| Amounts payable | 17/49 | €9,638 | €19,380 | +€9,743 | +101% |
| Amounts payable within one year | 42/48 | €9,638 | €19,380 | +€9,743 | +101% |
| Trade debts | 44 | €1,130 | €9,704 | +€8,574 | +759% |
| Suppliers | 440/4 | €1,130 | €9,704 | +€8,574 | +759% |
| Taxes, remuneration and social security | 45 | €3,508 | €4,676 | +€1,168 | +33.3% |
| Taxes | 450/3 | €1,391 | €719 | -€672 | -48.3% |
| Remuneration and social security | 454/9 | €2,117 | €3,957 | +€1,840 | +86.9% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,287 | €19,075 | +€2,788 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,992 | €1,607 | -€1,385 | -46.3% |
| Other operating charges | 640/8 | €667 | €843 | +€176 | +26.5% |
| Gross operating margin | 9900 | €24,907 | €18,801 | -€6,106 | -24.5% |
| Operating profit (loss) | 9901 | €4,961 | -€2,725 | -€7,686 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +36.4% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +36.4% |
| Financial charges | 65/66B | €181 | €173 | -€8 | -4.5% |
| Recurring financial charges | 65 | €181 | €173 | -€8 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €4,781 | -€2,896 | -€7,677 | |
| Income taxes | 67/77 | €1,212 | €177 | -€1,036 | -85.4% |
| Profit (loss) for the period | 9904 | €3,568 | -€3,073 | -€6,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,568 | -€3,073 | -€6,642 |
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 29 October 2026 via checked.be.