Nepau: 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.
Nepau
Largest movements
- Cash +€18,639
up €18,639 (+66.4%), from €28,083 to €46,723
mainly Depreciation (+€13,672) and Current investments (+€10,000)
- Tangible fixed assets -€13,672
down €13,672 (-3.6%), from €377,384 to €363,712
of which Land and buildings: -€9,666
- Current investments -€10,000
down €10,000 (-4.5%), from €220,865 to €210,865
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€9,699
down €9,699 (-80.2%), from €12,092 to €2,393
- Gross operating margin -€8,411
down €8,411 (-44.3%), from €18,997 to €10,585
- Depreciation -€244
down €244 (-1.8%), from €13,916 to €13,672
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 | €628,632 | €624,290 | -€4,342 | -0.7% |
| Fixed assets | 21/28 | €377,384 | €363,712 | -€13,672 | -3.6% |
| Tangible fixed assets | 22/27 | €377,384 | €363,712 | -€13,672 | -3.6% |
| Land and buildings | 22 | €355,608 | €345,943 | -€9,666 | -2.7% |
| Plant, machinery and equipment | 23 | €21,426 | €17,769 | -€3,657 | -17.1% |
| Furniture and vehicles | 24 | €350 | €0 | -€350 | -100% |
| Current assets | 29/58 | €251,248 | €260,578 | +€9,330 | +3.7% |
| Amounts receivable within one year | 40/41 | €2,300 | €2,990 | +€690 | +30.0% |
| Other amounts receivable | 41 | €2,300 | €2,990 | +€690 | +30.0% |
| Current investments | 50/53 | €220,865 | €210,865 | -€10,000 | -4.5% |
| Cash at bank and in hand | 54/58 | €28,083 | €46,723 | +€18,639 | +66.4% |
| Total equity and liabilities | 10/49 | €628,632 | €624,290 | -€4,342 | -0.7% |
| Equity | 10/15 | €408,384 | €405,167 | -€3,217 | -0.8% |
| Contributions | 10/11 | €424,250 | €424,250 | = | 0.0% |
| Capital | 10 | €424,250 | €424,250 | = | 0.0% |
| Issued capital | 100 | €608,000 | €608,000 | = | 0.0% |
| Uncalled capital | 101 | €183,750 | €183,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,866 | -€19,083 | -€3,217 | -20.3% |
| Amounts payable | 17/49 | €220,248 | €219,123 | -€1,125 | -0.5% |
| Amounts payable within one year | 42/48 | €219,123 | €219,123 | = | 0.0% |
| Other amounts payable | 47/48 | €219,123 | €219,123 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,125 | - | -€1,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,916 | €13,672 | -€244 | -1.8% |
| Other operating charges | 640/8 | €12,092 | €2,393 | -€9,699 | -80.2% |
| Gross operating margin | 9900 | €18,997 | €10,585 | -€8,411 | -44.3% |
| Operating profit (loss) | 9901 | -€7,011 | -€5,480 | +€1,532 | +21.8% |
| Financial income | 75/76B | €2,314 | €2,301 | -€13 | -0.6% |
| Recurring financial income | 75 | €2,314 | €2,301 | -€13 | -0.6% |
| Financial charges | 65/66B | €38 | €39 | +€2 | +4.0% |
| Recurring financial charges | 65 | €38 | €39 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,735 | -€3,217 | +€1,517 | +32.0% |
| Income taxes | 67/77 | €44 | €0 | -€44 | -100% |
| Profit (loss) for the period | 9904 | -€4,779 | -€3,217 | +€1,561 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,779 | -€3,217 | +€1,561 | +32.7% |
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 14 October 2026 via checked.be.