NEKKERDAL: 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.
NEKKERDAL
Largest movements
- Cash -€135,757
down €135,757 (-57.0%), from €238,238 to €102,482
mainly Investment in fixed assets (net) (-€171,146) and Debts after one year (-€41,878)
- Tangible fixed assets +€129,148
up €129,148 (+13.0%), from €990,802 to €1.1m
of which Land and buildings: +€138,137
- Debts after one year -€41,878
down €41,878 (-6.6%), from €633,681 to €591,803
- Accrued charges and deferred income +€29,698
up €29,698 (+69.7%), from €42,593 to €72,291
- Gross operating margin -€8,600
down €8,600 (-7.5%), from €114,105 to €105,505
- Depreciation -€4,984
down €4,984 (-10.6%), from €46,982 to €41,998
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 | €1,232,955 | €1,232,237 | -€718 | -0.1% |
| Fixed assets | 21/28 | €990,802 | €1,119,950 | +€129,148 | +13.0% |
| Tangible fixed assets | 22/27 | €990,802 | €1,119,950 | +€129,148 | +13.0% |
| Land and buildings | 22 | €961,374 | €1,099,511 | +€138,137 | +14.4% |
| Plant, machinery and equipment | 23 | €29,427 | €20,439 | -€8,988 | -30.5% |
| Current assets | 29/58 | €242,153 | €112,287 | -€129,867 | -53.6% |
| Amounts receivable within one year | 40/41 | €686 | €6,805 | +€6,118 | +891.4% |
| Trade receivables | 40 | - | €4,310 | +€4,310 | |
| Other amounts receivable | 41 | €686 | €2,495 | +€1,808 | +263.5% |
| Cash at bank and in hand | 54/58 | €238,238 | €102,482 | -€135,757 | -57.0% |
| Deferred charges and accrued income | 490/1 | €3,229 | €3,001 | -€228 | -7.1% |
| Total equity and liabilities | 10/49 | €1,232,955 | €1,232,237 | -€718 | -0.1% |
| Equity | 10/15 | €509,783 | €516,142 | +€6,359 | +1.2% |
| Contributions | 10/11 | €378,500 | €378,500 | = | 0.0% |
| Capital | 10 | €378,500 | €378,500 | = | 0.0% |
| Issued capital | 100 | €378,500 | €378,500 | = | 0.0% |
| Reserves | 13 | €106,119 | €112,478 | +€6,359 | +6.0% |
| Non-distributable reserves | 130/1 | €37,850 | €37,850 | = | 0.0% |
| Legal reserve | 130 | €37,850 | €37,850 | = | 0.0% |
| Distributable reserves | 133 | €68,269 | €74,628 | +€6,359 | +9.3% |
| Profit (loss) carried forward | 14 | €25,165 | €25,165 | = | 0.0% |
| Amounts payable | 17/49 | €723,171 | €716,094 | -€7,077 | -1.0% |
| Amounts payable after more than one year | 17 | €633,681 | €591,803 | -€41,878 | -6.6% |
| Financial debts | 170/4 | €633,681 | €591,803 | -€41,878 | -6.6% |
| Amounts payable within one year | 42/48 | €46,897 | €52,000 | +€5,104 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €40,931 | €41,878 | +€947 | +2.3% |
| Trade debts | 44 | €0 | €3,556 | +€3,556 | |
| Suppliers | 440/4 | €0 | €3,556 | +€3,556 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,966 | €6,566 | +€600 | +10.1% |
| Accrued charges and deferred income | 492/3 | €42,593 | €72,291 | +€29,698 | +69.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,982 | €41,998 | -€4,984 | -10.6% |
| Other operating charges | 640/8 | €15,163 | €15,640 | +€476 | +3.1% |
| Gross operating margin | 9900 | €114,105 | €105,505 | -€8,600 | -7.5% |
| Operating profit (loss) | 9901 | €51,960 | €47,868 | -€4,093 | -7.9% |
| Financial income | 75/76B | €373 | €516 | +€143 | +38.3% |
| Recurring financial income | 75 | €373 | €516 | +€143 | +38.3% |
| Financial charges | 65/66B | €38,776 | €38,833 | +€57 | +0.1% |
| Recurring financial charges | 65 | €38,776 | €38,833 | +€57 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €13,557 | €9,551 | -€4,007 | -29.6% |
| Income taxes | 67/77 | €4,314 | €3,192 | -€1,122 | -26.0% |
| Profit (loss) for the period | 9904 | €9,244 | €6,359 | -€2,885 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,244 | €6,359 | -€2,885 | -31.2% |
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.