NEPETA: 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.
NEPETA
Largest movements
- Cash -€44,407
down €44,407 (-99.4%), from €44,694 to €287
mainly Net result for the year (-€278,278) and Receivables within one year (-€1,878)
- Receivables within one year +€1,878
up €1,878 (+50.8%), from €3,694 to €5,572
- Profit (loss) carried forward -€278,278
down €278,278 (-4.4%), from -€6.3m to -€6.5m
- Debts after one year +€231,243
up €231,243 (+5.5%), from €4.2m to €4.4m
- Trade debts +€5,102
up €5,102 (+11.6%), from €43,922 to €49,024
- Accrued charges and deferred income -€724
no longer reported in 2025 (was €724)
- Financial charges -€25,268
down €25,268 (-8.6%), from €295,105 to €269,838
- Gross operating margin +€10,017
up €10,017 (+56.0%), from -€17,899 to -€7,882
- Other operating charges -€1,753
down €1,753 (-75.8%), from €2,311 to €558
- Depreciation -€587
no longer reported in 2025 (was €587)
- Financial income -€469
no longer reported in 2025 (was €469)
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 | €48,388 | €5,859 | -€42,529 | -87.9% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €48,388 | €5,859 | -€42,529 | -87.9% |
| Amounts receivable within one year | 40/41 | €3,694 | €5,572 | +€1,878 | +50.8% |
| Other amounts receivable | 41 | €3,694 | €5,572 | +€1,878 | +50.8% |
| Cash at bank and in hand | 54/58 | €44,694 | €287 | -€44,407 | -99.4% |
| Total equity and liabilities | 10/49 | €48,388 | €5,859 | -€42,529 | -87.9% |
| Equity | 10/15 | -€4,194,561 | -€4,472,839 | -€278,278 | -6.6% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,254,561 | -€6,532,839 | -€278,278 | -4.4% |
| Amounts payable | 17/49 | €4,242,949 | €4,478,698 | +€235,749 | +5.6% |
| Amounts payable after more than one year | 17 | €4,198,303 | €4,429,546 | +€231,243 | +5.5% |
| Other amounts payable | 178/9 | €4,198,303 | €4,429,546 | +€231,243 | +5.5% |
| Amounts payable within one year | 42/48 | €43,922 | €49,152 | +€5,230 | +11.9% |
| Trade debts | 44 | €43,922 | €49,024 | +€5,102 | +11.6% |
| Suppliers | 440/4 | €43,922 | €49,024 | +€5,102 | +11.6% |
| Taxes, remuneration and social security | 45 | - | €128 | +€128 | |
| Taxes | 450/3 | - | €128 | +€128 | |
| Accrued charges and deferred income | 492/3 | €724 | - | -€724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €587 | - | -€587 | |
| Other operating charges | 640/8 | €2,311 | €558 | -€1,753 | -75.8% |
| Gross operating margin | 9900 | -€17,899 | -€7,882 | +€10,017 | +56.0% |
| Operating profit (loss) | 9901 | -€20,796 | -€8,440 | +€12,356 | +59.4% |
| Financial income | 75/76B | €469 | - | -€469 | |
| Recurring financial income | 75 | €469 | - | -€469 | |
| Financial charges | 65/66B | €295,105 | €269,838 | -€25,268 | -8.6% |
| Recurring financial charges | 65 | €295,105 | €269,838 | -€25,268 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€315,433 | -€278,278 | +€37,155 | +11.8% |
| Profit (loss) for the period | 9904 | -€315,433 | -€278,278 | +€37,155 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€315,433 | -€278,278 | +€37,155 | +11.8% |
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 12 October 2026 via checked.be.