NENUPHAR: 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.
NENUPHAR
Largest movements
- Stocks and contracts +€4,565
up €4,565 (+15.5%), from €29,510 to €34,075
- Cash +€513
up €513 (+213%), from €241 to €754
mainly Trade debts (+€10,460) and Net result for the year (+€1,074)
- Trade debts +€10,460
up €10,460 (+39.2%), from €26,716 to €37,176
- Short-term financial debts -€4,107
down €4,107 (-75.6%), from €5,434 to €1,327
- Tax, wage and social debts -€1,970
down €1,970 (-51.6%), from €3,817 to €1,847
- Profit (loss) carried forward +€1,074
up €1,074 (+3.3%), from -€32,088 to -€31,014
- Other debts -€379
down €379 (-2.0%), from €19,295 to €18,916
- Gross operating margin -€24,034
down €24,034 (-92.4%), from €26,001 to €1,967
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 | €29,751 | €34,829 | +€5,078 | +17.1% |
| Current assets | 29/58 | €29,751 | €34,829 | +€5,078 | +17.1% |
| Stocks and contracts in progress | 3 | €29,510 | €34,075 | +€4,565 | +15.5% |
| Stocks | 30/36 | €29,510 | €34,075 | +€4,565 | +15.5% |
| Cash at bank and in hand | 54/58 | €241 | €754 | +€513 | +213% |
| Total equity and liabilities | 10/49 | €29,751 | €34,829 | +€5,078 | +17.1% |
| Equity | 10/15 | -€25,511 | -€24,437 | +€1,074 | +4.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | - | -€6,197 | |
| Other | 1109/19 | €6,197 | - | -€6,197 | |
| Reserves | 13 | €380 | €380 | = | 0.0% |
| Non-distributable reserves | 130/1 | €380 | €380 | = | 0.0% |
| Reserves not available under the articles | 1311 | €380 | €380 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,088 | -€31,014 | +€1,074 | +3.3% |
| Amounts payable | 17/49 | €55,262 | €59,266 | +€4,004 | +7.2% |
| Amounts payable within one year | 42/48 | €55,262 | €59,266 | +€4,004 | +7.2% |
| Financial debts | 43 | €5,434 | €1,327 | -€4,107 | -75.6% |
| Credit institutions | 430/8 | €5,434 | €1,327 | -€4,107 | -75.6% |
| Trade debts | 44 | €26,716 | €37,176 | +€10,460 | +39.2% |
| Suppliers | 440/4 | €26,716 | €37,176 | +€10,460 | +39.2% |
| Taxes, remuneration and social security | 45 | €3,817 | €1,847 | -€1,970 | -51.6% |
| Taxes | 450/3 | €3,817 | €1,847 | -€1,970 | -51.6% |
| Other amounts payable | 47/48 | €19,295 | €18,916 | -€379 | -2.0% |
| Turnover | 70 | €131,448 | €131,879 | +€431 | +0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €130,688 | €129,912 | -€776 | -0.6% |
| Other operating charges | 640/8 | €629 | €453 | -€176 | -28.0% |
| Gross operating margin | 9900 | €26,001 | €1,967 | -€24,034 | -92.4% |
| Operating profit (loss) | 9901 | €25,372 | €1,514 | -€23,858 | -94.0% |
| Financial charges | 65/66B | €409 | €440 | +€31 | +7.6% |
| Recurring financial charges | 65 | €409 | €440 | +€31 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €24,963 | €1,074 | -€23,889 | -95.7% |
| Profit (loss) for the period | 9904 | €24,963 | €1,074 | -€23,889 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,963 | €1,074 | -€23,889 | -95.7% |
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 18 October 2026 via checked.be.