NEKAR INTERNATIONAL: 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.
NEKAR INTERNATIONAL
Largest movements
- Cash -€163,376
down €163,376 (-56.0%), from €291,864 to €128,488
mainly Net result for the year (-€117,314) and Investment in fixed assets (net) (-€58,493)
- Tangible fixed assets +€35,254
up €35,254 (+24.8%), from €141,887 to €177,141
- Profit (loss) carried forward -€117,314
down €117,314 (-21.5%), from -€546,211 to -€663,525
- Gross operating margin -€20,278
down €20,278 (-30.9%), from -€65,695 to -€85,973
- Depreciation +€8,403
up €8,403 (+75.4%), from €11,137 to €19,540
- Financial charges +€1,276
up €1,276 (+226%), from €565 to €1,841
of which Non-recurring financial charges: +€814
- Taxes +€950
up €950 (+91.8%), from €1,035 to €1,985
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 | €1,177,386 | €1,058,598 | -€118,788 | -10.1% |
| Fixed assets | 21/28 | €142,497 | €181,451 | +€38,954 | +27.3% |
| Tangible fixed assets | 22/27 | €141,887 | €177,141 | +€35,254 | +24.8% |
| Furniture and vehicles | 24 | €141,887 | €177,141 | +€35,254 | +24.8% |
| Financial fixed assets | 28 | €610 | €4,310 | +€3,700 | +607% |
| Current assets | 29/58 | €1,034,889 | €877,148 | -€157,741 | -15.2% |
| Stocks and contracts in progress | 3 | €14,893 | €13,601 | -€1,292 | -8.7% |
| Stocks | 30/36 | €14,893 | €13,601 | -€1,292 | -8.7% |
| Amounts receivable within one year | 40/41 | €153,132 | €155,059 | +€1,927 | +1.3% |
| Trade receivables | 40 | €68,625 | €68,625 | = | 0.0% |
| Other amounts receivable | 41 | €84,507 | €86,434 | +€1,927 | +2.3% |
| Current investments | 50/53 | €575,000 | €575,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €291,864 | €128,488 | -€163,376 | -56.0% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €1,177,386 | €1,058,598 | -€118,788 | -10.1% |
| Equity | 10/15 | €787,216 | €669,903 | -€117,314 | -14.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,258,427 | €1,258,427 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,032 | €5,032 | = | 0.0% |
| Legal reserve | 130 | €5,032 | €5,032 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,253,395 | €1,253,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€546,211 | -€663,525 | -€117,314 | -21.5% |
| Provisions and deferred taxes | 16 | €268,122 | €268,122 | = | 0.0% |
| Deferred taxes | 168 | €268,122 | €268,122 | = | 0.0% |
| Amounts payable | 17/49 | €122,048 | €120,574 | -€1,474 | -1.2% |
| Amounts payable within one year | 42/48 | €122,048 | €120,574 | -€1,474 | -1.2% |
| Trade debts | 44 | €114,090 | €117,160 | +€3,069 | +2.7% |
| Suppliers | 440/4 | €114,090 | €117,160 | +€3,069 | +2.7% |
| Taxes, remuneration and social security | 45 | €1,035 | €1,018 | -€17 | -1.7% |
| Taxes | 450/3 | €1,035 | €1,018 | -€17 | -1.7% |
| Other amounts payable | 47/48 | €6,923 | €2,396 | -€4,527 | -65.4% |
| Remuneration, social security and pensions | 62 | €8,200 | €8,611 | +€411 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,137 | €19,540 | +€8,403 | +75.4% |
| Gross operating margin | 9900 | -€65,695 | -€85,973 | -€20,278 | -30.9% |
| Operating profit (loss) | 9901 | -€85,033 | -€114,124 | -€29,092 | -34.2% |
| Financial income | 75/76B | €436 | €637 | +€201 | +46.1% |
| Recurring financial income | 75 | €436 | €637 | +€201 | +46.1% |
| Non-recurring financial income | 76B | €436 | €637 | +€201 | +46.1% |
| Financial charges | 65/66B | €565 | €1,841 | +€1,276 | +226% |
| Recurring financial charges | 65 | €565 | €1,027 | +€462 | +81.7% |
| Non-recurring financial charges | 66B | - | €814 | +€814 | |
| Profit (loss) for the period before taxes | 9903 | -€85,162 | -€115,328 | -€30,166 | -35.4% |
| Income taxes | 67/77 | €1,035 | €1,985 | +€950 | +91.8% |
| Profit (loss) for the period | 9904 | -€86,197 | -€117,314 | -€31,117 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,197 | -€117,314 | -€31,117 | -36.1% |
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 30 October 2026 via checked.be.