NEFTALI CONSTRUCT: 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.
NEFTALI CONSTRUCT
Largest movements
- Receivables within one year -€155,803
down €155,803 (-30.8%), from €505,388 to €349,586
of which Trade receivables: -€90,906
- Tangible fixed assets +€46,717
up €46,717 (+1548.3%), from €3,017 to €49,734
of which Furniture and vehicles: +€27,200
- Advances received -€94,941
no longer reported in 2025 (was €94,941)
- Trade debts +€55,548
up €55,548 (+30.8%), from €180,070 to €235,618
- Short-term financial debts -€49,939
no longer reported in 2025 (was €49,939)
- Tax, wage and social debts -€18,450
down €18,450 (-70.8%), from €26,067 to €7,616
of which Taxes: -€20,390
- Reserves +€7,917
up €7,917 (+5.5%), from €144,007 to €151,924
- Gross operating margin +€20,598
up €20,598 (+77.2%), from €26,672 to €47,270
- Financial income -€14,773
down €14,773 (-62.0%), from €23,835 to €9,062
- Financial charges +€13,810
up €13,810 (+64.3%), from €21,477 to €35,287
- Other operating charges -€3,624
down €3,624 (-56.1%), from €6,454 to €2,830
- Taxes +€860
up €860 (+12.4%), from €6,927 to €7,787
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 | €514,022 | €413,758 | -€100,263 | -19.5% |
| Fixed assets | 21/28 | €3,017 | €49,734 | +€46,717 | +1548.3% |
| Tangible fixed assets | 22/27 | €3,017 | €49,734 | +€46,717 | +1548.3% |
| Plant, machinery and equipment | 23 | €1,637 | €21,153 | +€19,517 | +1192.6% |
| Furniture and vehicles | 24 | €1,381 | €28,581 | +€27,200 | +1969.8% |
| Current assets | 29/58 | €511,004 | €364,024 | -€146,980 | -28.8% |
| Amounts receivable within one year | 40/41 | €505,388 | €349,586 | -€155,803 | -30.8% |
| Trade receivables | 40 | €127,533 | €36,627 | -€90,906 | -71.3% |
| Other amounts receivable | 41 | €377,856 | €312,958 | -€64,897 | -17.2% |
| Cash at bank and in hand | 54/58 | €5,616 | €9,950 | +€4,334 | +77.2% |
| Deferred charges and accrued income | 490/1 | - | €4,489 | +€4,489 | |
| Total equity and liabilities | 10/49 | €514,022 | €413,758 | -€100,263 | -19.5% |
| Equity | 10/15 | €162,607 | €170,524 | +€7,917 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,007 | €151,924 | +€7,917 | +5.5% |
| Distributable reserves | 133 | €144,007 | €151,924 | +€7,917 | +5.5% |
| Amounts payable | 17/49 | €351,414 | €243,234 | -€108,180 | -30.8% |
| Amounts payable within one year | 42/48 | €351,414 | €243,234 | -€108,180 | -30.8% |
| Financial debts | 43 | €49,939 | - | -€49,939 | |
| Credit institutions | 430/8 | €49,939 | - | -€49,939 | |
| Trade debts | 44 | €180,070 | €235,618 | +€55,548 | +30.8% |
| Suppliers | 440/4 | €180,070 | €235,618 | +€55,548 | +30.8% |
| Advances received on contracts in progress | 46 | €94,941 | - | -€94,941 | |
| Taxes, remuneration and social security | 45 | €26,067 | €7,616 | -€18,450 | -70.8% |
| Taxes | 450/3 | €26,067 | €5,677 | -€20,390 | -78.2% |
| Remuneration and social security | 454/9 | - | €1,940 | +€1,940 | |
| Other amounts payable | 47/48 | €398 | - | -€398 | |
| Remuneration, social security and pensions | 62 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,361 | €2,501 | +€140 | +5.9% |
| Other operating charges | 640/8 | €6,454 | €2,830 | -€3,624 | -56.1% |
| Gross operating margin | 9900 | €26,672 | €47,270 | +€20,598 | +77.2% |
| Operating profit (loss) | 9901 | €17,858 | €41,929 | +€24,071 | +134.8% |
| Financial income | 75/76B | €23,835 | €9,062 | -€14,773 | -62.0% |
| Recurring financial income | 75 | €23,835 | €9,062 | -€14,773 | -62.0% |
| Financial charges | 65/66B | €21,477 | €35,287 | +€13,810 | +64.3% |
| Recurring financial charges | 65 | €21,477 | €35,287 | +€13,810 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €20,216 | €15,704 | -€4,512 | -22.3% |
| Income taxes | 67/77 | €6,927 | €7,787 | +€860 | +12.4% |
| Profit (loss) for the period | 9904 | €13,290 | €7,917 | -€5,372 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,290 | €7,917 | -€5,372 | -40.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.