NENUPH'ART: 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.
NENUPH'ART
Largest movements
- Cash +€13,491
up €13,491 (+61.6%), from €21,901 to €35,392
mainly Net result for the year (+€16,571) and Tax, wage and social debts (+€4,866)
- Stocks and contracts +€4,163
up €4,163 (+15.7%), from €26,436 to €30,599
- Receivables within one year -€4,153
no longer reported in 2025 (was €4,153)
- Deferred charges and accrued income +€867
up €867 (+31.0%), from €2,792 to €3,659
- Profit (loss) carried forward +€16,571
up €16,571 (+75.9%), from -€21,837 to -€5,266
- Tax, wage and social debts +€4,866
up €4,866 (+121%), from €4,024 to €8,890
of which Remuneration and social security: +€3,122
- Reserves -€4,150
down €4,150 (-69.1%), from €6,010 to €1,860
of which Tax-exempt reserves: -€4,150
- Other debts -€1,913
down €1,913 (-3.7%), from €51,990 to €50,076
- Gross operating margin +€3,460
up €3,460 (+10.6%), from €32,790 to €36,249
- Staff costs +€3,069
up €3,069 (+17.4%), from €17,590 to €20,659
- Taxes +€2,174
up €2,174 (+1,559%), from €140 to €2,314
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 | €56,233 | €70,983 | +€14,750 | +26.2% |
| Fixed assets | 21/28 | €950 | €1,332 | +€382 | +40.3% |
| Tangible fixed assets | 22/27 | €835 | €1,217 | +€382 | +45.8% |
| Furniture and vehicles | 24 | - | €661 | +€661 | |
| Other tangible fixed assets | 26 | €835 | €557 | -€278 | -33.3% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €55,283 | €69,651 | +€14,368 | +26.0% |
| Stocks and contracts in progress | 3 | €26,436 | €30,599 | +€4,163 | +15.7% |
| Stocks | 30/36 | €26,436 | €30,599 | +€4,163 | +15.7% |
| Amounts receivable within one year | 40/41 | €4,153 | - | -€4,153 | |
| Trade receivables | 40 | €4,153 | - | -€4,153 | |
| Cash at bank and in hand | 54/58 | €21,901 | €35,392 | +€13,491 | +61.6% |
| Deferred charges and accrued income | 490/1 | €2,792 | €3,659 | +€867 | +31.0% |
| Total equity and liabilities | 10/49 | €56,233 | €70,983 | +€14,750 | +26.2% |
| Equity | 10/15 | -€3,427 | €8,994 | +€12,421 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,010 | €1,860 | -€4,150 | -69.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,150 | - | -€4,150 | |
| Profit (loss) carried forward | 14 | -€21,837 | -€5,266 | +€16,571 | +75.9% |
| Amounts payable | 17/49 | €59,660 | €61,989 | +€2,330 | +3.9% |
| Amounts payable within one year | 42/48 | €59,660 | €61,989 | +€2,330 | +3.9% |
| Trade debts | 44 | €3,646 | €3,022 | -€623 | -17.1% |
| Suppliers | 440/4 | €3,646 | €3,022 | -€623 | -17.1% |
| Taxes, remuneration and social security | 45 | €4,024 | €8,890 | +€4,866 | +121% |
| Taxes | 450/3 | €4,024 | €5,768 | +€1,744 | +43.3% |
| Remuneration and social security | 454/9 | - | €3,122 | +€3,122 | |
| Other amounts payable | 47/48 | €51,990 | €50,076 | -€1,913 | -3.7% |
| Remuneration, social security and pensions | 62 | €17,590 | €20,659 | +€3,069 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €313 | +€34 | +12.3% |
| Other operating charges | 640/8 | €285 | €295 | +€10 | +3.4% |
| Gross operating margin | 9900 | €32,790 | €36,249 | +€3,460 | +10.6% |
| Operating profit (loss) | 9901 | €14,636 | €14,983 | +€347 | +2.4% |
| Financial income | 75/76B | €24 | €8 | -€16 | -64.9% |
| Recurring financial income | 75 | €24 | €8 | -€16 | -64.9% |
| Financial charges | 65/66B | €79 | €256 | +€178 | +226% |
| Recurring financial charges | 65 | €79 | €256 | +€178 | +226% |
| Profit (loss) for the period before taxes | 9903 | €14,582 | €14,735 | +€153 | +1.1% |
| Transfer from deferred taxes | 780 | - | €4,150 | +€4,150 | |
| Income taxes | 67/77 | €140 | €2,314 | +€2,174 | +1,559% |
| Profit (loss) for the period | 9904 | €14,442 | €16,571 | +€2,129 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,442 | €16,571 | +€2,129 | +14.7% |
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.