NEPHRO KRZ: 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.
NEPHRO KRZ
Largest movements
- Cash +€107,920
up €107,920 (+133%), from €81,323 to €189,243
mainly Net result for the year (+€70,312) and Current investments (+€25,000)
- Current investments -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Tangible fixed assets -€8,016
down €8,016 (-43.7%), from €18,338 to €10,322
of which Furniture and vehicles: -€7,552
- Reserves +€69,479
up €69,479 (+52.3%), from €132,882 to €202,361
- Other debts +€4,481
up €4,481 (+23.4%), from €19,160 to €23,640
- Gross operating margin +€24,644
up €24,644 (+30.9%), from €79,790 to €104,434
- Taxes +€6,866
up €6,866 (+34.4%), from €19,936 to €26,802
- Financial income +€1,374
new in 2025: €1,374
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 | €188,302 | €264,366 | +€76,064 | +40.4% |
| Fixed assets | 21/28 | €18,338 | €10,322 | -€8,016 | -43.7% |
| Tangible fixed assets | 22/27 | €18,338 | €10,322 | -€8,016 | -43.7% |
| Furniture and vehicles | 24 | €16,187 | €8,636 | -€7,552 | -46.7% |
| Other tangible fixed assets | 26 | €2,150 | €1,687 | -€464 | -21.6% |
| Current assets | 29/58 | €169,964 | €254,044 | +€84,080 | +49.5% |
| Current investments | 50/53 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €81,323 | €189,243 | +€107,920 | +133% |
| Deferred charges and accrued income | 490/1 | €13,641 | €14,801 | +€1,160 | +8.5% |
| Total equity and liabilities | 10/49 | €188,302 | €264,366 | +€76,064 | +40.4% |
| Equity | 10/15 | €135,382 | €204,861 | +€69,479 | +51.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €132,882 | €202,361 | +€69,479 | +52.3% |
| Distributable reserves | 133 | €132,882 | €202,361 | +€69,479 | +52.3% |
| Amounts payable | 17/49 | €52,920 | €59,505 | +€6,585 | +12.4% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,920 | €29,505 | +€6,585 | +28.7% |
| Trade debts | 44 | €824 | €465 | -€359 | -43.6% |
| Suppliers | 440/4 | €824 | €465 | -€359 | -43.6% |
| Taxes, remuneration and social security | 45 | €2,936 | €5,400 | +€2,464 | +83.9% |
| Taxes | 450/3 | €2,936 | €5,400 | +€2,464 | +83.9% |
| Other amounts payable | 47/48 | €19,160 | €23,640 | +€4,481 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,016 | €8,016 | = | 0.0% |
| Other operating charges | 640/8 | €485 | €500 | +€16 | +3.2% |
| Gross operating margin | 9900 | €79,790 | €104,434 | +€24,644 | +30.9% |
| Operating profit (loss) | 9901 | €71,290 | €95,918 | +€24,628 | +34.5% |
| Financial income | 75/76B | - | €1,374 | +€1,374 | |
| Recurring financial income | 75 | - | €1,374 | +€1,374 | |
| Financial charges | 65/66B | €155 | €179 | +€24 | +15.7% |
| Recurring financial charges | 65 | €155 | €179 | +€24 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €71,135 | €97,113 | +€25,978 | +36.5% |
| Income taxes | 67/77 | €19,936 | €26,802 | +€6,866 | +34.4% |
| Profit (loss) for the period | 9904 | €51,199 | €70,312 | +€19,112 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,199 | €70,312 | +€19,112 | +37.3% |
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 20 October 2026 via checked.be.