NENO: 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.
NENO
Largest movements
- Cash -€51,766
down €51,766 (-32.0%), from €161,579 to €109,814
mainly Other debts (-€38,500) and Receivables within one year (-€25,278)
- Receivables within one year +€25,278
up €25,278 (+184.4%), from €13,709 to €38,986
of which Trade receivables: +€15,604
- Tangible fixed assets -€2,726
down €2,726 (-29.5%), from €9,227 to €6,502
- Other debts -€38,500
down €38,500 (-100.0%), from €38,500 to €0
- Reserves +€25,381
up €25,381 (+22.9%), from €110,669 to €136,050
of which Distributable reserves: +€25,381
- Tax, wage and social debts -€14,811
down €14,811 (-93.8%), from €15,798 to €987
- Gross operating margin +€4,611
up €4,611 (+13.1%), from €35,199 to €39,809
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 | €185,315 | €156,102 | -€29,214 | -15.8% |
| Fixed assets | 21/28 | €10,027 | €7,302 | -€2,726 | -27.2% |
| Tangible fixed assets | 22/27 | €9,227 | €6,502 | -€2,726 | -29.5% |
| Plant, machinery and equipment | 23 | €1,988 | €1,714 | -€274 | -13.8% |
| Furniture and vehicles | 24 | €3,619 | €2,308 | -€1,312 | -36.2% |
| Other tangible fixed assets | 26 | €3,620 | €2,480 | -€1,140 | -31.5% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €175,288 | €148,800 | -€26,488 | -15.1% |
| Amounts receivable within one year | 40/41 | €13,709 | €38,986 | +€25,278 | +184.4% |
| Trade receivables | 40 | €13,702 | €29,305 | +€15,604 | +113.9% |
| Other amounts receivable | 41 | €7 | €9,681 | +€9,674 | +141644.4% |
| Cash at bank and in hand | 54/58 | €161,579 | €109,814 | -€51,766 | -32.0% |
| Total equity and liabilities | 10/49 | €185,315 | €156,102 | -€29,214 | -15.8% |
| Equity | 10/15 | €129,269 | €154,650 | +€25,381 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,669 | €136,050 | +€25,381 | +22.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,298 | €6,298 | = | 0.0% |
| Distributable reserves | 133 | €104,372 | €129,752 | +€25,381 | +24.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,046 | €1,452 | -€54,594 | -97.4% |
| Amounts payable within one year | 42/48 | €56,046 | €1,452 | -€54,594 | -97.4% |
| Trade debts | 44 | €1,747 | €465 | -€1,283 | -73.4% |
| Suppliers | 440/4 | €1,747 | €465 | -€1,283 | -73.4% |
| Taxes, remuneration and social security | 45 | €15,798 | €987 | -€14,811 | -93.8% |
| Taxes | 450/3 | €15,798 | €987 | -€14,811 | -93.8% |
| Other amounts payable | 47/48 | €38,500 | €0 | -€38,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,602 | €2,690 | +€87 | +3.4% |
| Other operating charges | 640/8 | €248 | €22 | -€227 | -91.3% |
| Gross operating margin | 9900 | €35,199 | €39,809 | +€4,611 | +13.1% |
| Operating profit (loss) | 9901 | €32,348 | €37,098 | +€4,750 | +14.7% |
| Financial income | 75/76B | €1,260 | €1,066 | -€194 | -15.4% |
| Recurring financial income | 75 | €1,260 | €1,066 | -€194 | -15.4% |
| Financial charges | 65/66B | €108 | €60 | -€48 | -44.5% |
| Recurring financial charges | 65 | €108 | €60 | -€48 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €33,500 | €38,104 | +€4,604 | +13.7% |
| Income taxes | 67/77 | €12,402 | €12,723 | +€322 | +2.6% |
| Profit (loss) for the period | 9904 | €21,098 | €25,381 | +€4,282 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,098 | €25,381 | +€4,282 | +20.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.