NERELIA: 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.
NERELIA
Largest movements
- Receivables within one year +€55,288
up €55,288 (+24.7%), from €224,164 to €279,452
of which Other amounts receivable: +€86,217
- Tangible fixed assets +€18,355
up €18,355 (+65.1%), from €28,180 to €46,535
of which Plant, machinery and equipment: +€18,301
- Cash -€7,328
down €7,328 (-13.1%), from €56,028 to €48,701
mainly Receivables within one year (-€55,288) and Investment in fixed assets (net) (-€29,945)
- Reserves +€76,510
up €76,510 (+29.0%), from €263,737 to €340,246
- Current portion of long-term debt -€20,000
down €20,000 (-100%), from €20,000 to €0
- Tax, wage and social debts +€9,869
up €9,869 (+45.1%), from €21,863 to €31,732
of which Taxes: +€9,869
- Trade debts -€6,263
down €6,263 (-38.1%), from €16,452 to €10,188
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin -€26,638
down €26,638 (-20.6%), from €129,094 to €102,455
- Taxes -€8,671
down €8,671 (-30.5%), from €28,415 to €19,744
- Financial charges -€1,954
down €1,954 (-53.5%), from €3,650 to €1,696
- Staff costs +€1,912
up €1,912 (+242%), from €789 to €2,701
- Financial income +€1,382
up €1,382 (+15.2%), from €9,101 to €10,483
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 | €334,451 | €400,766 | +€66,315 | +19.8% |
| Fixed assets | 21/28 | €28,180 | €46,535 | +€18,355 | +65.1% |
| Tangible fixed assets | 22/27 | €28,180 | €46,535 | +€18,355 | +65.1% |
| Plant, machinery and equipment | 23 | €9,308 | €27,610 | +€18,301 | +197% |
| Furniture and vehicles | 24 | €18,872 | €18,925 | +€54 | +0.3% |
| Current assets | 29/58 | €306,271 | €354,231 | +€47,960 | +15.7% |
| Amounts receivable within one year | 40/41 | €224,164 | €279,452 | +€55,288 | +24.7% |
| Trade receivables | 40 | €61,421 | €30,492 | -€30,929 | -50.4% |
| Other amounts receivable | 41 | €162,743 | €248,960 | +€86,217 | +53.0% |
| Cash at bank and in hand | 54/58 | €56,028 | €48,701 | -€7,328 | -13.1% |
| Deferred charges and accrued income | 490/1 | €26,079 | €26,079 | = | 0.0% |
| Total equity and liabilities | 10/49 | €334,451 | €400,766 | +€66,315 | +19.8% |
| Equity | 10/15 | €276,137 | €358,846 | +€82,710 | +30.0% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €263,737 | €340,246 | +€76,510 | +29.0% |
| Distributable reserves | 133 | €263,737 | €340,246 | +€76,510 | +29.0% |
| Amounts payable | 17/49 | €58,315 | €41,920 | -€16,394 | -28.1% |
| Amounts payable within one year | 42/48 | €58,315 | €41,920 | -€16,394 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €0 | -€20,000 | -100% |
| Trade debts | 44 | €16,452 | €10,188 | -€6,263 | -38.1% |
| Suppliers | 440/4 | €16,452 | €10,188 | -€6,263 | -38.1% |
| Taxes, remuneration and social security | 45 | €21,863 | €31,732 | +€9,869 | +45.1% |
| Taxes | 450/3 | €21,863 | €31,732 | +€9,869 | +45.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €18,343 | - | -€18,343 | |
| Remuneration, social security and pensions | 62 | €789 | €2,701 | +€1,912 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,970 | €11,589 | +€620 | +5.6% |
| Other operating charges | 640/8 | €555 | €698 | +€143 | +25.7% |
| Gross operating margin | 9900 | €129,094 | €102,455 | -€26,638 | -20.6% |
| Operating profit (loss) | 9901 | €116,779 | €87,467 | -€29,312 | -25.1% |
| Financial income | 75/76B | €9,101 | €10,483 | +€1,382 | +15.2% |
| Recurring financial income | 75 | €9,101 | €10,483 | +€1,382 | +15.2% |
| Financial charges | 65/66B | €3,650 | €1,696 | -€1,954 | -53.5% |
| Recurring financial charges | 65 | €3,650 | €1,696 | -€1,954 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €122,230 | €96,254 | -€25,976 | -21.3% |
| Income taxes | 67/77 | €28,415 | €19,744 | -€8,671 | -30.5% |
| Profit (loss) for the period | 9904 | €93,815 | €76,510 | -€17,306 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,815 | €76,510 | -€17,306 | -18.4% |
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 22 October 2026 via checked.be.