NERANESTH: 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.
NERANESTH
Largest movements
- Receivables within one year +€290,098
up €290,098 (+310.5%), from €93,437 to €383,535
- Cash -€100,539
down €100,539 (-32.3%), from €311,667 to €211,128
mainly Receivables within one year (-€290,098) and Debts after one year (-€5,960)
- Tangible fixed assets -€6,157
down €6,157 (-43.3%), from €14,232 to €8,075
of which Furniture and vehicles: -€5,706
- Profit (loss) carried forward +€193,022
up €193,022 (+56.2%), from €343,511 to €536,534
- Gross operating margin -€13,247
down €13,247 (-5.1%), from €258,317 to €245,070
- Financial income +€9,256
up €9,256 (+187.4%), from €4,939 to €14,195
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 | €421,147 | €606,965 | +€185,818 | +44.1% |
| Fixed assets | 21/28 | €14,357 | €8,200 | -€6,157 | -42.9% |
| Tangible fixed assets | 22/27 | €14,232 | €8,075 | -€6,157 | -43.3% |
| Plant, machinery and equipment | 23 | €1,007 | €556 | -€452 | -44.8% |
| Furniture and vehicles | 24 | €13,224 | €7,519 | -€5,706 | -43.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €406,790 | €598,765 | +€191,975 | +47.2% |
| Amounts receivable within one year | 40/41 | €93,437 | €383,535 | +€290,098 | +310.5% |
| Other amounts receivable | 41 | €93,437 | €383,535 | +€290,098 | +310.5% |
| Cash at bank and in hand | 54/58 | €311,667 | €211,128 | -€100,539 | -32.3% |
| Deferred charges and accrued income | 490/1 | €1,686 | €4,102 | +€2,417 | +143.4% |
| Total equity and liabilities | 10/49 | €421,147 | €606,965 | +€185,818 | +44.1% |
| Equity | 10/15 | €346,011 | €539,034 | +€193,022 | +55.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €343,511 | €536,534 | +€193,022 | +56.2% |
| Amounts payable | 17/49 | €75,136 | €67,931 | -€7,205 | -9.6% |
| Amounts payable after more than one year | 17 | €7,997 | €2,038 | -€5,960 | -74.5% |
| Financial debts | 170/4 | €7,997 | €2,038 | -€5,960 | -74.5% |
| Amounts payable within one year | 42/48 | €67,138 | €65,893 | -€1,245 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €5,737 | €5,960 | +€223 | +3.9% |
| Trade debts | 44 | €50 | €51 | +€1 | +2.3% |
| Suppliers | 440/4 | €50 | €51 | +€1 | +2.3% |
| Taxes, remuneration and social security | 45 | €61,351 | €59,882 | -€1,469 | -2.4% |
| Taxes | 450/3 | €61,351 | €59,882 | -€1,469 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,967 | €6,157 | +€190 | +3.2% |
| Other operating charges | 640/8 | €267 | - | -€267 | |
| Gross operating margin | 9900 | €258,317 | €245,070 | -€13,247 | -5.1% |
| Operating profit (loss) | 9901 | €252,083 | €238,913 | -€13,170 | -5.2% |
| Financial income | 75/76B | €4,939 | €14,195 | +€9,256 | +187.4% |
| Recurring financial income | 75 | €4,939 | €14,195 | +€9,256 | +187.4% |
| Financial charges | 65/66B | €756 | €552 | -€204 | -27.0% |
| Recurring financial charges | 65 | €756 | €552 | -€204 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €256,266 | €252,557 | -€3,709 | -1.4% |
| Income taxes | 67/77 | €60,830 | €59,535 | -€1,295 | -2.1% |
| Profit (loss) for the period | 9904 | €195,437 | €193,022 | -€2,414 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €195,437 | €193,022 | -€2,414 | -1.2% |
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.