Nerello: 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.
Nerello
Largest movements
- Cash -€251,204
down €251,204 (-90.8%), from €276,562 to €25,358
mainly Contributions, distributions and other (-€271,071) and Tax, wage and social debts (-€33,928)
- Tangible fixed assets +€21,381
up €21,381 (+292.9%), from €7,299 to €28,680
of which Furniture and vehicles: +€21,635
- Receivables within one year -€14,797
down €14,797 (-81.5%), from €18,150 to €3,353
of which Trade receivables: -€18,150
- Reserves -€241,018
down €241,018 (-100.0%), from €241,018 to €0
- Tax, wage and social debts -€33,928
down €33,928 (-58.5%), from €57,991 to €24,063
- Other debts +€30,395
up €30,395 (+1314.5%), from €2,312 to €32,708
- Gross operating margin -€45,393
down €45,393 (-47.1%), from €96,447 to €51,054
- Taxes -€12,933
down €12,933 (-58.8%), from €21,998 to €9,065
- Depreciation +€9,624
up €9,624 (+568.9%), from €1,692 to €11,316
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 | €303,251 | €58,578 | -€244,672 | -80.7% |
| Fixed assets | 21/28 | €7,299 | €28,680 | +€21,381 | +292.9% |
| Tangible fixed assets | 22/27 | €7,299 | €28,680 | +€21,381 | +292.9% |
| Plant, machinery and equipment | 23 | €2,393 | €2,138 | -€255 | -10.7% |
| Furniture and vehicles | 24 | €4,907 | €26,542 | +€21,635 | +440.9% |
| Current assets | 29/58 | €295,952 | €29,899 | -€266,053 | -89.9% |
| Amounts receivable within one year | 40/41 | €18,150 | €3,353 | -€14,797 | -81.5% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100.0% |
| Other amounts receivable | 41 | - | €3,353 | +€3,353 | |
| Cash at bank and in hand | 54/58 | €276,562 | €25,358 | -€251,204 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,239 | €1,188 | -€52 | -4.2% |
| Total equity and liabilities | 10/49 | €303,251 | €58,578 | -€244,672 | -80.7% |
| Equity | 10/15 | €242,018 | €1,000 | -€241,018 | -99.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €241,018 | €0 | -€241,018 | -100.0% |
| Distributable reserves | 133 | €241,018 | €0 | -€241,018 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €61,233 | €57,578 | -€3,654 | -6.0% |
| Amounts payable within one year | 42/48 | €61,233 | €57,578 | -€3,654 | -6.0% |
| Financial debts | 43 | €70 | €17 | -€52 | -75.1% |
| Credit institutions | 430/8 | €70 | €17 | -€52 | -75.1% |
| Trade debts | 44 | €860 | €791 | -€70 | -8.1% |
| Suppliers | 440/4 | €860 | €791 | -€70 | -8.1% |
| Taxes, remuneration and social security | 45 | €57,991 | €24,063 | -€33,928 | -58.5% |
| Taxes | 450/3 | €57,991 | €24,063 | -€33,928 | -58.5% |
| Other amounts payable | 47/48 | €2,312 | €32,708 | +€30,395 | +1314.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,692 | €11,316 | +€9,624 | +568.9% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €96,447 | €51,054 | -€45,393 | -47.1% |
| Operating profit (loss) | 9901 | €94,637 | €39,218 | -€55,419 | -58.6% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €149 | €100 | -€49 | -32.7% |
| Recurring financial charges | 65 | €149 | €100 | -€49 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €94,495 | €39,118 | -€55,376 | -58.6% |
| Income taxes | 67/77 | €21,998 | €9,065 | -€12,933 | -58.8% |
| Profit (loss) for the period | 9904 | €72,497 | €30,053 | -€42,443 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,497 | €30,053 | -€42,443 | -58.5% |
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 2 October 2026 via checked.be.