NEPHROCARD: 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.
NEPHROCARD
Largest movements
- Cash +€209,168
up €209,168 (+30.6%), from €682,613 to €891,781
mainly Net result for the year (+€302,423) and Depreciation (+€100,191)
- Tangible fixed assets -€47,045
down €47,045 (-3.5%), from €1.3m to €1.3m
of which Land and buildings: -€59,383
- Receivables within one year +€28,653
up €28,653 (+131%), from €21,847 to €50,500
- Reserves +€302,423
up €302,423 (+27.9%), from €1.1m to €1.4m
of which Distributable reserves: +€302,423
- Debts after one year -€68,063
down €68,063 (-13.7%), from €495,290 to €427,227
- Gross operating margin +€48,148
up €48,148 (+9.2%), from €520,612 to €568,760
- Taxes +€18,712
up €18,712 (+15.9%), from €117,891 to €136,603
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 | €2,350,208 | €2,562,491 | +€212,283 | +9.0% |
| Fixed assets | 21/28 | €1,333,860 | €1,286,815 | -€47,045 | -3.5% |
| Tangible fixed assets | 22/27 | €1,333,860 | €1,286,815 | -€47,045 | -3.5% |
| Land and buildings | 22 | €1,200,747 | €1,141,363 | -€59,383 | -4.9% |
| Plant, machinery and equipment | 23 | €94,143 | €82,920 | -€11,224 | -11.9% |
| Furniture and vehicles | 24 | €38,970 | €62,532 | +€23,562 | +60.5% |
| Current assets | 29/58 | €1,016,348 | €1,275,676 | +€259,328 | +25.5% |
| Amounts receivable within one year | 40/41 | €21,847 | €50,500 | +€28,653 | +131% |
| Trade receivables | 40 | €21,847 | €50,500 | +€28,653 | +131% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €682,613 | €891,781 | +€209,168 | +30.6% |
| Deferred charges and accrued income | 490/1 | €161,887 | €183,394 | +€21,507 | +13.3% |
| Total equity and liabilities | 10/49 | €2,350,208 | €2,562,491 | +€212,283 | +9.0% |
| Equity | 10/15 | €1,667,745 | €1,970,168 | +€302,423 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,082,200 | €1,384,623 | +€302,423 | +27.9% |
| Non-distributable reserves | 130/1 | €151,860 | €151,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,120 | €25,120 | = | 0.0% |
| Distributable reserves | 133 | €905,220 | €1,207,643 | +€302,423 | +33.4% |
| Profit (loss) carried forward | 14 | €566,945 | €566,945 | = | 0.0% |
| Amounts payable | 17/49 | €682,463 | €592,323 | -€90,140 | -13.2% |
| Amounts payable after more than one year | 17 | €495,290 | €427,227 | -€68,063 | -13.7% |
| Financial debts | 170/4 | €495,290 | €427,227 | -€68,063 | -13.7% |
| Amounts payable within one year | 42/48 | €163,986 | €164,143 | +€157 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €72,778 | €68,063 | -€4,715 | -6.5% |
| Trade debts | 44 | €1,326 | €2,388 | +€1,062 | +80.1% |
| Suppliers | 440/4 | €1,326 | €2,388 | +€1,062 | +80.1% |
| Taxes, remuneration and social security | 45 | €31,381 | €20,225 | -€11,156 | -35.5% |
| Taxes | 450/3 | €31,381 | €20,225 | -€11,156 | -35.5% |
| Other amounts payable | 47/48 | €58,502 | €73,467 | +€14,965 | +25.6% |
| Accrued charges and deferred income | 492/3 | €23,187 | €954 | -€22,233 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,279 | €100,191 | +€2,911 | +3.0% |
| Other operating charges | 640/8 | €14,704 | €9,045 | -€5,659 | -38.5% |
| Gross operating margin | 9900 | €520,612 | €568,760 | +€48,148 | +9.2% |
| Operating profit (loss) | 9901 | €408,629 | €459,525 | +€50,896 | +12.5% |
| Financial income | 75/76B | €1,035 | €4,592 | +€3,557 | +344% |
| Recurring financial income | 75 | €1,035 | €4,592 | +€3,557 | +344% |
| Financial charges | 65/66B | €27,984 | €25,091 | -€2,892 | -10.3% |
| Recurring financial charges | 65 | €27,984 | €25,091 | -€2,892 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €381,680 | €439,025 | +€57,345 | +15.0% |
| Income taxes | 67/77 | €117,891 | €136,603 | +€18,712 | +15.9% |
| Profit (loss) for the period | 9904 | €263,789 | €302,423 | +€38,634 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €263,789 | €302,423 | +€38,634 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.