Nénuphar Vert: 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.
Nénuphar Vert
Largest movements
- Current investments +€17.8m
up €17.8m (+3,558%), from €500,000 to €18.3m
- Receivables within one year +€7.6m
up €7.6m (+690%), from €1.1m to €8.7m
of which Other amounts receivable: +€8.5m
- Financial fixed assets +€517,626
up €517,626 (+5.7%), from €9.1m to €9.6m
- Profit (loss) carried forward +€26.6m
up €26.6m (+273%), from €9.7m to €36.4m
- Trade debts -€461,234
down €461,234 (-79.5%), from €580,056 to €118,822
- Financial income +€25.6m
up €25.6m (+3,672%), from €696,013 to €26.3m
- Gross operating margin -€990,186
down €990,186 (-61.7%), from €1.6m to €615,331
- Taxes -€261,580
down €261,580 (-53.9%), from €485,662 to €224,083
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 | €12,517,775 | €38,317,920 | +€25.8m | +206% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,405,208 | €10,872,116 | +€466,908 | +4.5% |
| Tangible fixed assets | 22/27 | €1,305,356 | €1,254,638 | -€50,718 | -3.9% |
| Land and buildings | 22 | €1,286,222 | €1,244,451 | -€41,771 | -3.2% |
| Furniture and vehicles | 24 | €19,134 | €10,187 | -€8,947 | -46.8% |
| Financial fixed assets | 28 | €9,099,852 | €9,617,478 | +€517,626 | +5.7% |
| Current assets | 29/58 | €2,112,567 | €27,445,804 | +€25.3m | +1,199% |
| Amounts receivable within one year | 40/41 | €1,104,256 | €8,727,961 | +€7.6m | +690% |
| Trade receivables | 40 | €924,978 | - | -€924,978 | |
| Other amounts receivable | 41 | €179,278 | €8,727,961 | +€8.5m | +4,768% |
| Current investments | 50/53 | €500,000 | €18,287,806 | +€17.8m | +3,558% |
| Cash at bank and in hand | 54/58 | €460,054 | €214,035 | -€246,020 | -53.5% |
| Deferred charges and accrued income | 490/1 | €48,257 | €216,002 | +€167,744 | +348% |
| Total equity and liabilities | 10/49 | €12,517,775 | €38,317,920 | +€25.8m | +206% |
| Equity | 10/15 | €11,616,001 | €38,199,098 | +€26.6m | +229% |
| Contributions | 10/11 | €1,751,595 | €1,751,595 | = | 0.0% |
| Capital | 10 | €920,251 | €920,251 | = | 0.0% |
| Issued capital | 100 | €920,251 | €920,251 | = | 0.0% |
| Contributions outside capital | 11 | €831,344 | €831,344 | = | 0.0% |
| Share premium | 1100/10 | €831,344 | €831,344 | = | 0.0% |
| Reserves | 13 | €122,799 | €92,025 | -€30,774 | -25.1% |
| Non-distributable reserves | 130/1 | €122,799 | €92,025 | -€30,774 | -25.1% |
| Legal reserve | 130 | €92,025 | €92,025 | = | 0.0% |
| Own shares acquired | 1312 | €30,774 | - | -€30,774 | |
| Profit (loss) carried forward | 14 | €9,741,607 | €36,355,478 | +€26.6m | +273% |
| Amounts payable | 17/49 | €901,774 | €118,822 | -€782,952 | -86.8% |
| Amounts payable within one year | 42/48 | €901,774 | €118,822 | -€782,952 | -86.8% |
| Trade debts | 44 | €580,056 | €118,822 | -€461,234 | -79.5% |
| Suppliers | 440/4 | €580,056 | €118,822 | -€461,234 | -79.5% |
| Taxes, remuneration and social security | 45 | €321,718 | - | -€321,718 | |
| Taxes | 450/3 | €321,718 | - | -€321,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,867 | €50,718 | +€6,851 | +15.6% |
| Other operating charges | 640/8 | €4,892 | €9,637 | +€4,745 | +97.0% |
| Gross operating margin | 9900 | €1,605,518 | €615,331 | -€990,186 | -61.7% |
| Operating profit (loss) | 9901 | €1,556,759 | €554,976 | -€1.0m | -64.4% |
| Financial income | 75/76B | €696,013 | €26,254,974 | +€25.6m | +3,672% |
| Recurring financial income | 75 | €696,013 | €26,254,974 | +€25.6m | +3,672% |
| Financial charges | 65/66B | €1,666 | €2,770 | +€1,104 | +66.3% |
| Recurring financial charges | 65 | €1,666 | €2,770 | +€1,104 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | €2,251,106 | €26,807,180 | +€24.6m | +1,091% |
| Income taxes | 67/77 | €485,662 | €224,083 | -€261,580 | -53.9% |
| Profit (loss) for the period | 9904 | €1,765,444 | €26,583,097 | +€24.8m | +1,406% |
| Profit (loss) for the period to be appropriated | 9905 | €1,765,444 | €26,583,097 | +€24.8m | +1,406% |
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 16 October 2026 via checked.be.