NEKKETSU: what changed
Two fiscal 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.
NEKKETSU
Largest movements
- Receivables within one year +€50,072
up €50,072 (+148.8%), from €33,647 to €83,719
of which Trade receivables: +€60,192
- Tangible fixed assets +€34,786
up €34,786 (+16.9%), from €206,366 to €241,152
of which Other tangible fixed assets: +€46,047
- Current investments +€16,000
new in 2025: €16,000
- Deferred charges and accrued income -€5,525
down €5,525 (-33.3%), from €16,575 to €11,050
- Receivables after one year -€5,000
no longer reported in 2025 (was €5,000)
- Accrued charges and deferred income +€74,001
new in 2025: €74,001
- Other debts +€60,655
up €60,655 (+199.9%), from €30,343 to €90,998
- Debts after one year -€37,978
down €37,978 (-30.3%), from €125,392 to €87,414
- Profit (loss) carried forward -€29,638
down €29,638 (-36.1%), from €82,184 to €52,546
- Current portion of long-term debt +€16,319
up €16,319 (+260.7%), from €6,260 to €22,579
- Gross operating margin -€31,564
down €31,564 (-27.3%), from €115,710 to €84,146
- Depreciation +€23,467
up €23,467 (+130.1%), from €18,044 to €41,511
- Other operating charges +€15,218
up €15,218 (+249.7%), from €6,094 to €21,312
- Taxes -€10,840
down €10,840 (-49.0%), from €22,144 to €11,304
- Financial charges +€8,339
up €8,339 (+375.3%), from €2,222 to €10,561
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 | €329,421 | €419,795 | +€90,374 | +27.4% |
| Fixed assets | 21/28 | €271,366 | €306,152 | +€34,786 | +12.8% |
| Tangible fixed assets | 22/27 | €206,366 | €241,152 | +€34,786 | +16.9% |
| Furniture and vehicles | 24 | €128,485 | €117,224 | -€11,261 | -8.8% |
| Other tangible fixed assets | 26 | €77,881 | €123,928 | +€46,047 | +59.1% |
| Financial fixed assets | 28 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €58,055 | €113,643 | +€55,588 | +95.8% |
| Amounts receivable after more than one year | 29 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 291 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €33,647 | €83,719 | +€50,072 | +148.8% |
| Trade receivables | 40 | €23,527 | €83,719 | +€60,192 | +255.8% |
| Other amounts receivable | 41 | €10,120 | - | -€10,120 | |
| Current investments | 50/53 | - | €16,000 | +€16,000 | |
| Cash at bank and in hand | 54/58 | €2,833 | €2,874 | +€41 | +1.4% |
| Deferred charges and accrued income | 490/1 | €16,575 | €11,050 | -€5,525 | -33.3% |
| Total equity and liabilities | 10/49 | €329,421 | €419,795 | +€90,374 | +27.4% |
| Equity | 10/15 | €86,184 | €56,546 | -€29,638 | -34.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,184 | €52,546 | -€29,638 | -36.1% |
| Amounts payable | 17/49 | €243,237 | €363,249 | +€120,012 | +49.3% |
| Amounts payable after more than one year | 17 | €125,392 | €87,414 | -€37,978 | -30.3% |
| Financial debts | 170/4 | €125,392 | €87,414 | -€37,978 | -30.3% |
| Amounts payable within one year | 42/48 | €117,845 | €201,834 | +€83,989 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €6,260 | €22,579 | +€16,319 | +260.7% |
| Advances received on contracts in progress | 46 | €55,000 | €55,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,242 | €33,257 | +€7,015 | +26.7% |
| Taxes | 450/3 | €26,242 | €33,257 | +€7,015 | +26.7% |
| Other amounts payable | 47/48 | €30,343 | €90,998 | +€60,655 | +199.9% |
| Accrued charges and deferred income | 492/3 | - | €74,001 | +€74,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,044 | €41,511 | +€23,467 | +130.1% |
| Other operating charges | 640/8 | €6,094 | €21,312 | +€15,218 | +249.7% |
| Gross operating margin | 9900 | €115,710 | €84,146 | -€31,564 | -27.3% |
| Operating profit (loss) | 9901 | €91,572 | €21,323 | -€70,249 | -76.7% |
| Financial income | 75/76B | €223 | €316 | +€93 | +41.9% |
| Recurring financial income | 75 | €223 | €316 | +€93 | +41.9% |
| Financial charges | 65/66B | €2,222 | €10,561 | +€8,339 | +375.3% |
| Recurring financial charges | 65 | €2,222 | €10,561 | +€8,339 | +375.3% |
| Profit (loss) for the period before taxes | 9903 | €89,573 | €11,078 | -€78,495 | -87.6% |
| Income taxes | 67/77 | €22,144 | €11,304 | -€10,840 | -49.0% |
| Profit (loss) for the period | 9904 | €67,429 | -€226 | -€67,655 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,429 | -€226 | -€67,655 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.