NÉRÉE 3: 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.
NÉRÉE 3
Largest movements
- Cash -€16,167
down €16,167 (-77.7%), from €20,817 to €4,650
mainly Trade debts (-€21,389) and Receivables within one year (-€9,437)
- Receivables within one year +€9,437
up €9,437 (+75.2%), from €12,547 to €21,984
of which Trade receivables: +€9,437
- Tangible fixed assets -€3,097
down €3,097 (-29.5%), from €10,481 to €7,384
of which Furniture and vehicles: -€3,700
- Trade debts -€21,389
down €21,389 (-8.6%), from €248,504 to €227,115
- Profit (loss) carried forward +€5,615
up €5,615 (+1.7%), from -€327,012 to -€321,397
- Other debts +€5,096
up €5,096 (+7.1%), from €71,691 to €76,787
- Tax, wage and social debts +€872
up €872 (+15.1%), from €5,779 to €6,651
of which Taxes: +€872
- Turnover +€47,100
up €47,100 (+63.9%), from €73,690 to €120,790
- Purchases and services +€45,067
up €45,067 (+66.5%), from €67,820 to €112,887
- Gross operating margin +€2,784
up €2,784 (+34.3%), from €8,119 to €10,903
- Depreciation +€1,435
up €1,435 (+40.8%), from €3,519 to €4,954
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.
Derived cash bridge
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 | €43,962 | €34,156 | -€9,806 | -22.3% |
| Fixed assets | 21/28 | €10,481 | €7,384 | -€3,097 | -29.5% |
| Tangible fixed assets | 22/27 | €10,481 | €7,384 | -€3,097 | -29.5% |
| Plant, machinery and equipment | 23 | - | €603 | +€603 | |
| Furniture and vehicles | 24 | €10,481 | €6,781 | -€3,700 | -35.3% |
| Current assets | 29/58 | €33,481 | €26,772 | -€6,709 | -20.0% |
| Amounts receivable within one year | 40/41 | €12,547 | €21,984 | +€9,437 | +75.2% |
| Trade receivables | 40 | €12,538 | €21,975 | +€9,437 | +75.3% |
| Other amounts receivable | 41 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,817 | €4,650 | -€16,167 | -77.7% |
| Deferred charges and accrued income | 490/1 | €117 | €138 | +€21 | +17.9% |
| Total equity and liabilities | 10/49 | €43,962 | €34,156 | -€9,806 | -22.3% |
| Equity | 10/15 | -€282,012 | -€276,397 | +€5,615 | +2.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,012 | -€321,397 | +€5,615 | +1.7% |
| Amounts payable | 17/49 | €325,974 | €310,553 | -€15,421 | -4.7% |
| Amounts payable within one year | 42/48 | €325,974 | €310,553 | -€15,421 | -4.7% |
| Trade debts | 44 | €248,504 | €227,115 | -€21,389 | -8.6% |
| Suppliers | 440/4 | €248,504 | €227,115 | -€21,389 | -8.6% |
| Taxes, remuneration and social security | 45 | €5,779 | €6,651 | +€872 | +15.1% |
| Taxes | 450/3 | €4,879 | €5,751 | +€872 | +17.9% |
| Remuneration and social security | 454/9 | €900 | €900 | = | 0.0% |
| Other amounts payable | 47/48 | €71,691 | €76,787 | +€5,096 | +7.1% |
| Turnover | 70 | €73,690 | €120,790 | +€47,100 | +63.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €67,820 | €112,887 | +€45,067 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,519 | €4,954 | +€1,435 | +40.8% |
| Other operating charges | 640/8 | - | €37 | +€37 | |
| Non-recurring operating charges | 66A | - | €180 | +€180 | |
| Gross operating margin | 9900 | €8,119 | €10,903 | +€2,784 | +34.3% |
| Operating profit (loss) | 9901 | €4,600 | €5,732 | +€1,132 | +24.6% |
| Financial charges | 65/66B | €112 | €117 | +€5 | +4.5% |
| Recurring financial charges | 65 | €112 | €117 | +€5 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €4,488 | €5,615 | +€1,127 | +25.1% |
| Profit (loss) for the period | 9904 | €4,488 | €5,615 | +€1,127 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,488 | €5,615 | +€1,127 | +25.1% |
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 20 October 2026 via checked.be.