NEPASOFT: 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.
NEPASOFT
Largest movements
- Tangible fixed assets +€207,235
up €207,235 (+68.5%), from €302,687 to €509,921
of which Land and buildings: +€218,866
- Receivables within one year +€58,722
up €58,722 (+54.1%), from €108,593 to €167,315
of which Trade receivables: +€73,549
- Debts after one year +€188,608
up €188,608 (+78.2%), from €241,240 to €429,848
- Other debts +€124,221
up €124,221 (+228%), from €54,529 to €178,750
- Reserves -€102,295
down €102,295 (-35.7%), from €286,927 to €184,632
- Profit (loss) carried forward +€84,706
up €84,706, from €0 to €84,706
- Tax, wage and social debts -€21,323
down €21,323 (-48.2%), from €44,226 to €22,903
of which Taxes: -€19,613
- Gross operating margin +€66,414
up €66,414 (+65.4%), from €101,484 to €167,898
- Depreciation +€24,361
up €24,361 (+142%), from €17,201 to €41,563
- Taxes -€3,119
down €3,119 (-12.0%), from €26,097 to €22,978
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 | €728,753 | €993,160 | +€264,407 | +36.3% |
| Fixed assets | 21/28 | €610,437 | €816,871 | +€206,435 | +33.8% |
| Tangible fixed assets | 22/27 | €302,687 | €509,921 | +€207,235 | +68.5% |
| Land and buildings | 22 | €284,685 | €503,551 | +€218,866 | +76.9% |
| Furniture and vehicles | 24 | €18,002 | €6,370 | -€11,632 | -64.6% |
| Financial fixed assets | 28 | €307,750 | €306,950 | -€800 | -0.3% |
| Current assets | 29/58 | €118,316 | €176,289 | +€57,973 | +49.0% |
| Amounts receivable within one year | 40/41 | €108,593 | €167,315 | +€58,722 | +54.1% |
| Trade receivables | 40 | €20,039 | €93,588 | +€73,549 | +367% |
| Other amounts receivable | 41 | €88,554 | €73,727 | -€14,827 | -16.7% |
| Cash at bank and in hand | 54/58 | €5,069 | €4,770 | -€299 | -5.9% |
| Deferred charges and accrued income | 490/1 | €4,655 | €4,204 | -€450 | -9.7% |
| Total equity and liabilities | 10/49 | €728,753 | €993,160 | +€264,407 | +36.3% |
| Equity | 10/15 | €293,127 | €275,537 | -€17,590 | -6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €286,927 | €184,632 | -€102,295 | -35.7% |
| Distributable reserves | 133 | €286,927 | €184,632 | -€102,295 | -35.7% |
| Profit (loss) carried forward | 14 | €0 | €84,706 | +€84,706 | |
| Amounts payable | 17/49 | €435,626 | €717,623 | +€281,997 | +64.7% |
| Amounts payable after more than one year | 17 | €241,240 | €429,848 | +€188,608 | +78.2% |
| Financial debts | 170/4 | €241,240 | €429,848 | +€188,608 | +78.2% |
| Amounts payable within one year | 42/48 | €190,915 | €285,384 | +€94,470 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €66,031 | €44,712 | -€21,319 | -32.3% |
| Financial debts | 43 | €868 | €0 | -€868 | -100% |
| Credit institutions | 430/8 | €868 | €0 | -€868 | -100% |
| Trade debts | 44 | €25,261 | €39,020 | +€13,759 | +54.5% |
| Suppliers | 440/4 | €25,261 | €39,020 | +€13,759 | +54.5% |
| Taxes, remuneration and social security | 45 | €44,226 | €22,903 | -€21,323 | -48.2% |
| Taxes | 450/3 | €42,516 | €22,903 | -€19,613 | -46.1% |
| Remuneration and social security | 454/9 | €1,710 | €0 | -€1,710 | -100% |
| Other amounts payable | 47/48 | €54,529 | €178,750 | +€124,221 | +228% |
| Accrued charges and deferred income | 492/3 | €3,471 | €2,390 | -€1,081 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,201 | €41,563 | +€24,361 | +142% |
| Other operating charges | 640/8 | €2,915 | €3,905 | +€990 | +33.9% |
| Non-recurring operating charges | 66A | €748 | €4,151 | +€3,402 | +455% |
| Gross operating margin | 9900 | €101,484 | €167,898 | +€66,414 | +65.4% |
| Operating profit (loss) | 9901 | €80,619 | €118,280 | +€37,661 | +46.7% |
| Financial income | 75/76B | €3,914 | €4,216 | +€301 | +7.7% |
| Recurring financial income | 75 | €3,914 | €4,216 | +€301 | +7.7% |
| Financial charges | 65/66B | €11,249 | €9,812 | -€1,437 | -12.8% |
| Recurring financial charges | 65 | €11,249 | €9,812 | -€1,437 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €73,284 | €112,684 | +€39,400 | +53.8% |
| Income taxes | 67/77 | €26,097 | €22,978 | -€3,119 | -12.0% |
| Profit (loss) for the period | 9904 | €47,187 | €89,706 | +€42,518 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,187 | €89,706 | +€42,518 | +90.1% |
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 17 October 2026 via checked.be.