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
- Stocks and contracts -€6,705
down €6,705 (-12.7%), from €52,873 to €46,168
- Tangible fixed assets -€4,965
down €4,965 (-31.4%), from €15,828 to €10,863
of which Furniture and vehicles: -€2,811
- Profit (loss) carried forward -€10,623
down €10,623 (-59.2%), from -€17,937 to -€28,559
- Trade debts +€8,483
up €8,483 (+129%), from €6,553 to €15,035
- Current portion of long-term debt -€7,640
down €7,640 (-61.5%), from €12,429 to €4,790
- Tax, wage and social debts +€1,871
up €1,871 (+104%), from €1,799 to €3,670
- Short-term financial debts -€1,631
down €1,631 (-34.0%), from €4,795 to €3,164
- Gross operating margin +€10,639
up €10,639 (+82.3%), from -€12,931 to -€2,292
- Depreciation +€3,599
up €3,599 (+263%), from €1,366 to €4,965
- Financial charges -€292
down €292 (-13.8%), from €2,112 to €1,820
- Other operating charges -€190
down €190 (-10.9%), from €1,736 to €1,547
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 | €70,687 | €59,714 | -€10,973 | -15.5% |
| Fixed assets | 21/28 | €15,828 | €10,863 | -€4,965 | -31.4% |
| Tangible fixed assets | 22/27 | €15,828 | €10,863 | -€4,965 | -31.4% |
| Plant, machinery and equipment | 23 | €5,645 | €4,857 | -€788 | -14.0% |
| Furniture and vehicles | 24 | €6,755 | €3,944 | -€2,811 | -41.6% |
| Leasing and similar rights | 25 | €3,428 | €2,062 | -€1,366 | -39.8% |
| Current assets | 29/58 | €54,859 | €48,851 | -€6,008 | -11.0% |
| Stocks and contracts in progress | 3 | €52,873 | €46,168 | -€6,705 | -12.7% |
| Stocks | 30/36 | €52,873 | €46,168 | -€6,705 | -12.7% |
| Amounts receivable within one year | 40/41 | €204 | €509 | +€305 | +150% |
| Trade receivables | 40 | €204 | €509 | +€305 | +150% |
| Cash at bank and in hand | 54/58 | €1,081 | €1,451 | +€370 | +34.3% |
| Deferred charges and accrued income | 490/1 | €701 | €723 | +€22 | +3.1% |
| Total equity and liabilities | 10/49 | €70,687 | €59,714 | -€10,973 | -15.5% |
| Equity | 10/15 | -€4,805 | -€15,428 | -€10,623 | -221% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,132 | €8,132 | = | 0.0% |
| Distributable reserves | 133 | €8,132 | €8,132 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,937 | -€28,559 | -€10,623 | -59.2% |
| Amounts payable | 17/49 | €75,491 | €75,141 | -€350 | -0.5% |
| Amounts payable after more than one year | 17 | €2,011 | €1,259 | -€752 | -37.4% |
| Financial debts | 170/4 | €2,011 | €1,259 | -€752 | -37.4% |
| Amounts payable within one year | 42/48 | €73,480 | €73,882 | +€402 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €12,429 | €4,790 | -€7,640 | -61.5% |
| Financial debts | 43 | €4,795 | €3,164 | -€1,631 | -34.0% |
| Credit institutions | 430/8 | €4,795 | €3,164 | -€1,631 | -34.0% |
| Trade debts | 44 | €6,553 | €15,035 | +€8,483 | +129% |
| Suppliers | 440/4 | €6,553 | €15,035 | +€8,483 | +129% |
| Taxes, remuneration and social security | 45 | €1,799 | €3,670 | +€1,871 | +104% |
| Taxes | 450/3 | €1,799 | €3,670 | +€1,871 | +104% |
| Other amounts payable | 47/48 | €47,904 | €47,223 | -€681 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,366 | €4,965 | +€3,599 | +263% |
| Other operating charges | 640/8 | €1,736 | €1,547 | -€190 | -10.9% |
| Gross operating margin | 9900 | -€12,931 | -€2,292 | +€10,639 | +82.3% |
| Operating profit (loss) | 9901 | -€16,033 | -€8,803 | +€7,230 | +45.1% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100% |
| Financial charges | 65/66B | €2,112 | €1,820 | -€292 | -13.8% |
| Recurring financial charges | 65 | €2,112 | €1,820 | -€292 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,121 | -€10,623 | +€7,498 | +41.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,121 | -€10,623 | +€7,498 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,121 | -€10,623 | +€7,498 | +41.4% |
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 24 October 2026 via checked.be.