NEPHROQUIN: 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.
NEPHROQUIN
Largest movements
- Cash +€20,743
up €20,743 (+6.5%), from €319,071 to €339,814
mainly Net result for the year (+€108,172) and Depreciation (+€17,669)
- Receivables within one year +€20,476
up €20,476 (+98.3%), from €20,832 to €41,308
- Tangible fixed assets -€15,437
down €15,437 (-24.0%), from €64,453 to €49,015
- Deferred charges and accrued income +€7,932
up €7,932 (+52.7%), from €15,038 to €22,970
- Reserves +€48,172
up €48,172 (+18.5%), from €260,208 to €308,380
- Debts after one year -€24,301
no longer reported in 2025 (was €24,301)
- Tax, wage and social debts +€15,400
up €15,400 (+57.0%), from €27,000 to €42,400
of which Taxes: +€12,400
- Gross operating margin +€42,679
up €42,679 (+34.1%), from €125,059 to €167,738
- Taxes +€16,481
up €16,481 (+73.4%), from €22,450 to €38,932
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 | €421,864 | €455,578 | +€33,714 | +8.0% |
| Fixed assets | 21/28 | €66,923 | €51,485 | -€15,437 | -23.1% |
| Tangible fixed assets | 22/27 | €64,453 | €49,015 | -€15,437 | -24.0% |
| Furniture and vehicles | 24 | €64,453 | €49,015 | -€15,437 | -24.0% |
| Financial fixed assets | 28 | €2,470 | €2,470 | = | 0.0% |
| Current assets | 29/58 | €354,941 | €404,093 | +€49,152 | +13.8% |
| Amounts receivable within one year | 40/41 | €20,832 | €41,308 | +€20,476 | +98.3% |
| Other amounts receivable | 41 | €20,832 | €41,308 | +€20,476 | +98.3% |
| Cash at bank and in hand | 54/58 | €319,071 | €339,814 | +€20,743 | +6.5% |
| Deferred charges and accrued income | 490/1 | €15,038 | €22,970 | +€7,932 | +52.7% |
| Total equity and liabilities | 10/49 | €421,864 | €455,578 | +€33,714 | +8.0% |
| Equity | 10/15 | €279,808 | €327,980 | +€48,172 | +17.2% |
| Contributions | 10/11 | €19,600 | €19,600 | = | 0.0% |
| Reserves | 13 | €260,208 | €308,380 | +€48,172 | +18.5% |
| Distributable reserves | 133 | €260,208 | €308,380 | +€48,172 | +18.5% |
| Amounts payable | 17/49 | €142,055 | €127,598 | -€14,458 | -10.2% |
| Amounts payable after more than one year | 17 | €24,301 | - | -€24,301 | |
| Financial debts | 170/4 | €24,301 | - | -€24,301 | |
| Amounts payable within one year | 42/48 | €117,754 | €127,598 | +€9,843 | +8.4% |
| Financial debts | 43 | €28,070 | €24,301 | -€3,769 | -13.4% |
| Credit institutions | 430/8 | €28,070 | €24,301 | -€3,769 | -13.4% |
| Trade debts | 44 | €2,684 | €896 | -€1,787 | -66.6% |
| Suppliers | 440/4 | €2,684 | €896 | -€1,787 | -66.6% |
| Taxes, remuneration and social security | 45 | €27,000 | €42,400 | +€15,400 | +57.0% |
| Taxes | 450/3 | €25,500 | €37,900 | +€12,400 | +48.6% |
| Remuneration and social security | 454/9 | €1,500 | €4,500 | +€3,000 | +200.0% |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,400 | €17,669 | +€269 | +1.5% |
| Other operating charges | 640/8 | €2,515 | €1,236 | -€1,278 | -50.8% |
| Gross operating margin | 9900 | €125,059 | €167,738 | +€42,679 | +34.1% |
| Operating profit (loss) | 9901 | €105,144 | €148,833 | +€43,689 | +41.6% |
| Financial income | 75/76B | €56 | €217 | +€162 | +290.7% |
| Recurring financial income | 75 | €56 | €217 | +€162 | +290.7% |
| Financial charges | 65/66B | €3,085 | €1,946 | -€1,139 | -36.9% |
| Recurring financial charges | 65 | €3,085 | €1,946 | -€1,139 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €102,114 | €147,104 | +€44,990 | +44.1% |
| Income taxes | 67/77 | €22,450 | €38,932 | +€16,481 | +73.4% |
| Profit (loss) for the period | 9904 | €79,664 | €108,172 | +€28,508 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,664 | €108,172 | +€28,508 | +35.8% |
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 5 October 2026 via checked.be.