NEPHROMATH: what changed
Two fiscal 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.
NEPHROMATH
Largest movements
- Tangible fixed assets +€124,219
up €124,219 (+255.8%), from €48,565 to €172,784
of which Land and buildings: +€100,245
- Cash -€39,682
down €39,682 (-21.7%), from €183,145 to €143,463
mainly Contributions, distributions and other (-€130,000) and Investment in fixed assets (net) (-€129,118)
- Intangible fixed assets -€20,000
down €20,000 (-20.7%), from €96,667 to €76,667
- Receivables within one year +€6,472
up €6,472 (+41.3%), from €15,663 to €22,136
- Other debts +€121,005
up €121,005 (+343.5%), from €35,225 to €156,229
- Reserves -€52,000
down €52,000 (-17.9%), from €290,000 to €238,000
- Trade debts +€6,723
up €6,723 (+991.9%), from €678 to €7,400
- Gross operating margin -€9,575
down €9,575 (-7.3%), from €130,410 to €120,836
- Depreciation +€3,742
up €3,742 (+17.7%), from €21,157 to €24,899
- Taxes -€3,127
down €3,127 (-15.6%), from €20,004 to €16,877
- Other operating charges -€2,477
down €2,477 (-66.7%), from €3,713 to €1,236
- Financial income +€1,903
up €1,903 (+2603.3%), from €73 to €1,976
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 | €349,691 | €422,235 | +€72,544 | +20.7% |
| Fixed assets | 21/28 | €145,231 | €249,451 | +€104,219 | +71.8% |
| Intangible fixed assets | 21 | €96,667 | €76,667 | -€20,000 | -20.7% |
| Tangible fixed assets | 22/27 | €48,565 | €172,784 | +€124,219 | +255.8% |
| Land and buildings | 22 | €39,372 | €139,617 | +€100,245 | +254.6% |
| Plant, machinery and equipment | 23 | €9,193 | €8,223 | -€971 | -10.6% |
| Furniture and vehicles | 24 | - | €24,945 | +€24,945 | |
| Current assets | 29/58 | €204,460 | €172,784 | -€31,675 | -15.5% |
| Amounts receivable within one year | 40/41 | €15,663 | €22,136 | +€6,472 | +41.3% |
| Other amounts receivable | 41 | €15,663 | €22,136 | +€6,472 | +41.3% |
| Cash at bank and in hand | 54/58 | €183,145 | €143,463 | -€39,682 | -21.7% |
| Deferred charges and accrued income | 490/1 | €5,651 | €7,186 | +€1,535 | +27.2% |
| Total equity and liabilities | 10/49 | €349,691 | €422,235 | +€72,544 | +20.7% |
| Equity | 10/15 | €301,153 | €250,066 | -€51,087 | -17.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €290,000 | €238,000 | -€52,000 | -17.9% |
| Distributable reserves | 133 | €290,000 | €238,000 | -€52,000 | -17.9% |
| Profit (loss) carried forward | 14 | €6,153 | €7,066 | +€913 | +14.8% |
| Amounts payable | 17/49 | €48,538 | €172,169 | +€123,631 | +254.7% |
| Amounts payable within one year | 42/48 | €48,538 | €172,169 | +€123,631 | +254.7% |
| Current portion of amounts payable after more than one year | 42 | €3,687 | - | -€3,687 | |
| Trade debts | 44 | €678 | €7,400 | +€6,723 | +991.9% |
| Suppliers | 440/4 | €678 | €7,400 | +€6,723 | +991.9% |
| Taxes, remuneration and social security | 45 | €8,949 | €8,539 | -€410 | -4.6% |
| Taxes | 450/3 | €8,949 | €8,539 | -€410 | -4.6% |
| Other amounts payable | 47/48 | €35,225 | €156,229 | +€121,005 | +343.5% |
| Non-recurring operating income | 76A | €1,858 | - | -€1,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,157 | €24,899 | +€3,742 | +17.7% |
| Other operating charges | 640/8 | €3,713 | €1,236 | -€2,477 | -66.7% |
| Gross operating margin | 9900 | €130,410 | €120,836 | -€9,575 | -7.3% |
| Operating profit (loss) | 9901 | €105,540 | €94,701 | -€10,840 | -10.3% |
| Financial income | 75/76B | €73 | €1,976 | +€1,903 | +2603.3% |
| Recurring financial income | 75 | €73 | €1,976 | +€1,903 | +2603.3% |
| Financial charges | 65/66B | €387 | €887 | +€500 | +129.3% |
| Recurring financial charges | 65 | €387 | €887 | +€500 | +129.3% |
| Profit (loss) for the period before taxes | 9903 | €105,227 | €95,790 | -€9,437 | -9.0% |
| Income taxes | 67/77 | €20,004 | €16,877 | -€3,127 | -15.6% |
| Profit (loss) for the period | 9904 | €85,223 | €78,913 | -€6,310 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,223 | €78,913 | -€6,310 | -7.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.