NEPENTHE: 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.
NEPENTHE
Largest movements
- Tangible fixed assets -€16,535
down €16,535 (-5.3%), from €312,083 to €295,548
of which Land and buildings: -€16,179
- Debts after one year -€28,577
down €28,577 (-27.2%), from €105,094 to €76,517
- Other debts +€23,408
up €23,408 (+176.5%), from €13,265 to €36,673
- Profit (loss) carried forward -€10,101
down €10,101 (-72.3%), from -€13,963 to -€24,064
- Other operating charges -€3,015
down €3,015 (-54.4%), from €5,546 to €2,531
- Financial charges +€974
up €974 (+28.3%), from €3,438 to €4,412
- Gross operating margin -€752
down €752 (-5.3%), from €14,155 to €13,403
- Depreciation -€700
down €700 (-4.1%), from €17,260 to €16,560
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.
Cash bridge derived
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 | €313,271 | €297,526 | -€15,745 | -5.0% |
| Fixed assets | 21/28 | €312,436 | €295,876 | -€16,560 | -5.3% |
| Intangible fixed assets | 21 | €25 | - | -€25 | |
| Tangible fixed assets | 22/27 | €312,083 | €295,548 | -€16,535 | -5.3% |
| Land and buildings | 22 | €289,616 | €273,437 | -€16,179 | -5.6% |
| Plant, machinery and equipment | 23 | €163 | - | -€163 | |
| Furniture and vehicles | 24 | €22,304 | €22,111 | -€193 | -0.9% |
| Financial fixed assets | 28 | €328 | €328 | = | 0.0% |
| Current assets | 29/58 | €835 | €1,650 | +€815 | +97.6% |
| Amounts receivable within one year | 40/41 | €1 | - | -€1 | |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Current investments | 50/53 | €41 | €41 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €793 | €1,609 | +€816 | +102.9% |
| Total equity and liabilities | 10/49 | €313,271 | €297,526 | -€15,745 | -5.0% |
| Equity | 10/15 | €165,787 | €155,685 | -€10,102 | -6.1% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €161,150 | €159,289 | -€1,861 | -1.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €159,290 | €159,289 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€13,963 | -€24,064 | -€10,101 | -72.3% |
| Amounts payable | 17/49 | €147,484 | €141,841 | -€5,643 | -3.8% |
| Amounts payable after more than one year | 17 | €105,094 | €76,517 | -€28,577 | -27.2% |
| Financial debts | 170/4 | €105,094 | €76,517 | -€28,577 | -27.2% |
| Amounts payable within one year | 42/48 | €42,390 | €65,324 | +€22,934 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €26,915 | €27,392 | +€477 | +1.8% |
| Trade debts | 44 | €305 | €454 | +€149 | +48.9% |
| Suppliers | 440/4 | €305 | €454 | +€149 | +48.9% |
| Taxes, remuneration and social security | 45 | €1,905 | €805 | -€1,100 | -57.7% |
| Taxes | 450/3 | €155 | €805 | +€650 | +419.4% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €13,265 | €36,673 | +€23,408 | +176.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,260 | €16,560 | -€700 | -4.1% |
| Other operating charges | 640/8 | €5,546 | €2,531 | -€3,015 | -54.4% |
| Gross operating margin | 9900 | €14,155 | €13,403 | -€752 | -5.3% |
| Operating profit (loss) | 9901 | -€8,651 | -€5,688 | +€2,963 | +34.3% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €3,438 | €4,412 | +€974 | +28.3% |
| Recurring financial charges | 65 | €3,438 | €4,412 | +€974 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,080 | -€10,100 | +€1,980 | +16.4% |
| Income taxes | 67/77 | -€34 | €1 | +€35 | |
| Profit (loss) for the period | 9904 | -€12,046 | -€10,101 | +€1,945 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,046 | -€10,101 | +€1,945 | +16.1% |
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 9 October 2026 via checked.be.