Neflo: 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.
Neflo
Largest movements
- Receivables within one year +€46,557
up €46,557 (+355.2%), from €13,108 to €59,665
- Receivables after one year +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Cash +€14,964
up €14,964 (+28.9%), from €51,793 to €66,757
mainly Net result for the year (+€76,892) and Tax, wage and social debts (+€9,380)
- Reserves +€76,892
up €76,892 (+144.7%), from €53,141 to €130,033
- Tax, wage and social debts +€9,380
up €9,380 (+28.0%), from €33,447 to €42,827
of which Taxes: +€10,130
- Gross operating margin +€39,883
up €39,883 (+70.8%), from €56,339 to €96,222
- Taxes +€8,642
up €8,642 (+67.9%), from €12,728 to €21,370
- Financial income +€1,913
up €1,913 (+748.8%), from €256 to €2,169
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,153 | €179,189 | +€86,036 | +92.4% |
| Current assets | 29/58 | €93,153 | €179,189 | +€86,036 | +92.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Other amounts receivable | 291 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Amounts receivable within one year | 40/41 | €13,108 | €59,665 | +€46,557 | +355.2% |
| Trade receivables | 40 | €13,108 | €59,665 | +€46,557 | +355.2% |
| Cash at bank and in hand | 54/58 | €51,793 | €66,757 | +€14,964 | +28.9% |
| Deferred charges and accrued income | 490/1 | €3,251 | €2,766 | -€485 | -14.9% |
| Total equity and liabilities | 10/49 | €93,153 | €179,189 | +€86,036 | +92.4% |
| Equity | 10/15 | €58,141 | €135,033 | +€76,892 | +132.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,141 | €130,033 | +€76,892 | +144.7% |
| Distributable reserves | 133 | €53,141 | €130,033 | +€76,892 | +144.7% |
| Amounts payable | 17/49 | €35,012 | €44,156 | +€9,144 | +26.1% |
| Amounts payable within one year | 42/48 | €34,946 | €44,089 | +€9,143 | +26.2% |
| Trade debts | 44 | €221 | €609 | +€387 | +174.9% |
| Suppliers | 440/4 | €221 | €609 | +€387 | +174.9% |
| Taxes, remuneration and social security | 45 | €33,447 | €42,827 | +€9,380 | +28.0% |
| Taxes | 450/3 | €30,697 | €40,827 | +€10,130 | +33.0% |
| Remuneration and social security | 454/9 | €2,750 | €2,000 | -€750 | -27.3% |
| Other amounts payable | 47/48 | €1,278 | €653 | -€624 | -48.9% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Gross operating margin | 9900 | €56,339 | €96,222 | +€39,883 | +70.8% |
| Operating profit (loss) | 9901 | €56,339 | €96,222 | +€39,883 | +70.8% |
| Financial income | 75/76B | €256 | €2,169 | +€1,913 | +748.8% |
| Recurring financial income | 75 | €256 | €2,169 | +€1,913 | +748.8% |
| Financial charges | 65/66B | €16 | €129 | +€113 | +710.6% |
| Recurring financial charges | 65 | €16 | €129 | +€113 | +710.6% |
| Profit (loss) for the period before taxes | 9903 | €56,578 | €98,262 | +€41,683 | +73.7% |
| Income taxes | 67/77 | €12,728 | €21,370 | +€8,642 | +67.9% |
| Profit (loss) for the period | 9904 | €43,850 | €76,892 | +€33,042 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,850 | €76,892 | +€33,042 | +75.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.