NEPOS: 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.
NEPOS
Largest movements
- Cash +€53,473
up €53,473 (+153.2%), from €34,909 to €88,382
mainly Net result for the year (+€45,196) and Receivables within one year (+€18,053)
- Receivables within one year -€18,053
down €18,053 (-37.4%), from €48,232 to €30,179
of which Trade receivables: -€17,480
- Receivables after one year +€10,000
up €10,000 (+22.2%), from €45,000 to €55,000
- Reserves +€45,196
up €45,196 (+40.9%), from €110,394 to €155,590
- Short-term financial debts -€3,775
down €3,775 (-42.8%), from €8,829 to €5,054
- Tax, wage and social debts +€2,627
up €2,627 (+43.0%), from €6,113 to €8,740
- Gross operating margin +€11,695
up €11,695 (+20.8%), from €56,323 to €68,017
- Taxes +€3,033
up €3,033 (+21.1%), from €14,367 to €17,399
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 | €130,336 | €174,384 | +€44,048 | +33.8% |
| Fixed assets | 21/28 | €1,824 | €824 | -€1,000 | -54.8% |
| Tangible fixed assets | 22/27 | €1,824 | €824 | -€1,000 | -54.8% |
| Plant, machinery and equipment | 23 | €1,054 | €496 | -€558 | -53.0% |
| Furniture and vehicles | 24 | €769 | €328 | -€442 | -57.4% |
| Current assets | 29/58 | €128,512 | €173,560 | +€45,048 | +35.1% |
| Amounts receivable after more than one year | 29 | €45,000 | €55,000 | +€10,000 | +22.2% |
| Other amounts receivable | 291 | €45,000 | €55,000 | +€10,000 | +22.2% |
| Amounts receivable within one year | 40/41 | €48,232 | €30,179 | -€18,053 | -37.4% |
| Trade receivables | 40 | €46,706 | €29,226 | -€17,480 | -37.4% |
| Other amounts receivable | 41 | €1,526 | €953 | -€573 | -37.5% |
| Cash at bank and in hand | 54/58 | €34,909 | €88,382 | +€53,473 | +153.2% |
| Deferred charges and accrued income | 490/1 | €372 | - | -€372 | |
| Total equity and liabilities | 10/49 | €130,336 | €174,384 | +€44,048 | +33.8% |
| Equity | 10/15 | €115,394 | €160,590 | +€45,196 | +39.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €110,394 | €155,590 | +€45,196 | +40.9% |
| Distributable reserves | 133 | €110,394 | €155,590 | +€45,196 | +40.9% |
| Amounts payable | 17/49 | €14,942 | €13,794 | -€1,148 | -7.7% |
| Amounts payable within one year | 42/48 | €14,942 | €13,794 | -€1,148 | -7.7% |
| Financial debts | 43 | €8,829 | €5,054 | -€3,775 | -42.8% |
| Credit institutions | 430/8 | €8,829 | €5,054 | -€3,775 | -42.8% |
| Taxes, remuneration and social security | 45 | €6,113 | €8,740 | +€2,627 | +43.0% |
| Taxes | 450/3 | €6,113 | €8,740 | +€2,627 | +43.0% |
| Remuneration, social security and pensions | 62 | €2,798 | €3,438 | +€640 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €1,000 | +€316 | +46.1% |
| Other operating charges | 640/8 | €505 | €554 | +€48 | +9.6% |
| Gross operating margin | 9900 | €56,323 | €68,017 | +€11,695 | +20.8% |
| Operating profit (loss) | 9901 | €52,335 | €63,025 | +€10,691 | +20.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €337 | €430 | +€93 | +27.5% |
| Recurring financial charges | 65 | €337 | €430 | +€93 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €51,998 | €62,595 | +€10,597 | +20.4% |
| Income taxes | 67/77 | €14,367 | €17,399 | +€3,033 | +21.1% |
| Profit (loss) for the period | 9904 | €37,632 | €45,196 | +€7,564 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,632 | €45,196 | +€7,564 | +20.1% |
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 10 October 2026 via checked.be.