NEPHRON: what changed
NEPHRON
Largest movements
- Cash +€120,979
up €120,979 (+92.9%), from €130,158 to €251,137
mainly Net result for the year (+€209,039) and Depreciation (+€11,021)
- Deferred charges and accrued income +€53,533
up €53,533 (+87.9%), from €60,891 to €114,425
- Tangible fixed assets -€11,021
down €11,021 (-25.5%), from €43,235 to €32,214
of which Leasing and similar rights: -€9,522
- Receivables within one year +€8,767
up €8,767 (+141%), from €6,222 to €14,989
- Profit (loss) carried forward +€209,039
up €209,039 (+132%), from €158,951 to €367,990
- Tax, wage and social debts -€25,328
down €25,328 (-63.1%), from €40,168 to €14,840
of which Taxes: -€19,328
- Debts after one year -€12,055
down €12,055 (-47.2%), from €25,557 to €13,502
- Gross operating margin +€121,820
up €121,820 (+74.4%), from €163,654 to €285,475
- Taxes +€30,672
up €30,672 (+89.8%), from €34,168 to €64,840
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,507 | €412,765 | +€172,259 | +71.6% |
| Fixed assets | 21/28 | €43,235 | €32,214 | -€11,021 | -25.5% |
| Tangible fixed assets | 22/27 | €43,235 | €32,214 | -€11,021 | -25.5% |
| Furniture and vehicles | 24 | €3,819 | €2,320 | -€1,498 | -39.2% |
| Leasing and similar rights | 25 | €39,416 | €29,894 | -€9,522 | -24.2% |
| Current assets | 29/58 | €197,272 | €380,551 | +€183,279 | +92.9% |
| Amounts receivable within one year | 40/41 | €6,222 | €14,989 | +€8,767 | +141% |
| Other amounts receivable | 41 | €6,222 | €14,989 | +€8,767 | +141% |
| Cash at bank and in hand | 54/58 | €130,158 | €251,137 | +€120,979 | +92.9% |
| Deferred charges and accrued income | 490/1 | €60,891 | €114,425 | +€53,533 | +87.9% |
| Total equity and liabilities | 10/49 | €240,507 | €412,765 | +€172,259 | +71.6% |
| Equity | 10/15 | €162,451 | €371,490 | +€209,039 | +129% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,951 | €367,990 | +€209,039 | +132% |
| Amounts payable | 17/49 | €78,055 | €41,275 | -€36,780 | -47.1% |
| Amounts payable after more than one year | 17 | €25,557 | €13,502 | -€12,055 | -47.2% |
| Financial debts | 170/4 | €25,557 | €13,502 | -€12,055 | -47.2% |
| Amounts payable within one year | 42/48 | €52,440 | €27,773 | -€24,667 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €11,675 | €12,055 | +€380 | +3.3% |
| Trade debts | 44 | €597 | €878 | +€281 | +47.1% |
| Suppliers | 440/4 | €597 | €878 | +€281 | +47.1% |
| Taxes, remuneration and social security | 45 | €40,168 | €14,840 | -€25,328 | -63.1% |
| Taxes | 450/3 | €34,168 | €14,840 | -€19,328 | -56.6% |
| Remuneration and social security | 454/9 | €6,000 | €0 | -€6,000 | -100% |
| Accrued charges and deferred income | 492/3 | €58 | €0 | -€58 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,145 | €11,021 | +€1,875 | +20.5% |
| Other operating charges | 640/8 | €151 | €101 | -€50 | -33.3% |
| Gross operating margin | 9900 | €163,654 | €285,475 | +€121,820 | +74.4% |
| Operating profit (loss) | 9901 | €154,358 | €274,353 | +€119,995 | +77.7% |
| Financial income | 75/76B | €275 | €575 | +€299 | +109% |
| Recurring financial income | 75 | €275 | €575 | +€299 | +109% |
| Financial charges | 65/66B | €1,449 | €1,050 | -€399 | -27.5% |
| Recurring financial charges | 65 | €1,449 | €1,050 | -€399 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €153,185 | €273,879 | +€120,694 | +78.8% |
| Income taxes | 67/77 | €34,168 | €64,840 | +€30,672 | +89.8% |
| Profit (loss) for the period | 9904 | €119,017 | €209,039 | +€90,022 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,017 | €209,039 | +€90,022 | +75.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.