NERELIO: 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.
NERELIO
Largest movements
- Receivables within one year +€14,371
up €14,371 (+71.7%), from €20,032 to €34,403
- Cash +€6,402
up €6,402 (+127.0%), from €5,040 to €11,442
mainly Net result for the year (+€14,782) and Tax, wage and social debts (+€10,825)
- Reserves +€14,000
up €14,000 (+140.0%), from €10,000 to €24,000
- Tax, wage and social debts +€10,825
up €10,825 (+265.2%), from €4,081 to €14,906
- Other debts -€5,000
down €5,000 (-96.7%), from €5,171 to €171
- Profit (loss) carried forward +€782
up €782 (+98.6%), from €793 to €1,575
- Turnover -€22,982
no longer reported in 2025 (was €22,982)
- Purchases and services -€6,620
no longer reported in 2025 (was €6,620)
- Gross operating margin +€6,084
up €6,084 (+37.2%), from €16,363 to €22,446
- Taxes +€2,837
up €2,837 (+70.3%), from €4,034 to €6,872
- Depreciation -€1,500
no longer reported in 2025 (was €1,500)
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 | €25,071 | €45,845 | +€20,774 | +82.9% |
| Current assets | 29/58 | €25,071 | €45,845 | +€20,774 | +82.9% |
| Amounts receivable within one year | 40/41 | €20,032 | €34,403 | +€14,371 | +71.7% |
| Trade receivables | 40 | €20,032 | €34,403 | +€14,371 | +71.7% |
| Cash at bank and in hand | 54/58 | €5,040 | €11,442 | +€6,402 | +127.0% |
| Total equity and liabilities | 10/49 | €25,071 | €45,845 | +€20,774 | +82.9% |
| Equity | 10/15 | €15,793 | €30,575 | +€14,782 | +93.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €24,000 | +€14,000 | +140.0% |
| Non-distributable reserves | 130/1 | €10,000 | €24,000 | +€14,000 | +140.0% |
| Other | 1319 | €10,000 | €24,000 | +€14,000 | +140.0% |
| Profit (loss) carried forward | 14 | €793 | €1,575 | +€782 | +98.6% |
| Amounts payable | 17/49 | €9,278 | €15,270 | +€5,992 | +64.6% |
| Amounts payable within one year | 42/48 | €9,278 | €15,270 | +€5,992 | +64.6% |
| Trade debts | 44 | €26 | €193 | +€167 | +650.4% |
| Suppliers | 440/4 | €26 | €193 | +€167 | +650.4% |
| Taxes, remuneration and social security | 45 | €4,081 | €14,906 | +€10,825 | +265.2% |
| Taxes | 450/3 | €4,081 | €14,906 | +€10,825 | +265.2% |
| Other amounts payable | 47/48 | €5,171 | €171 | -€5,000 | -96.7% |
| Turnover | 70 | €22,982 | - | -€22,982 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,620 | - | -€6,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | - | -€1,500 | |
| Other operating charges | 640/8 | - | €740 | +€740 | |
| Gross operating margin | 9900 | €16,363 | €22,446 | +€6,084 | +37.2% |
| Operating profit (loss) | 9901 | €14,863 | €21,706 | +€6,844 | +46.0% |
| Financial charges | 65/66B | €35 | €53 | +€18 | +51.5% |
| Recurring financial charges | 65 | €35 | €53 | +€18 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €14,828 | €21,653 | +€6,826 | +46.0% |
| Income taxes | 67/77 | €4,034 | €6,872 | +€2,837 | +70.3% |
| Profit (loss) for the period | 9904 | €10,793 | €14,782 | +€3,989 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,793 | €14,782 | +€3,989 | +37.0% |
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.