NEREPA: 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.
NEREPA
Largest movements
- Receivables within one year -€21,410
no longer reported in 2025 (was €21,410)
- Tangible fixed assets -€4,757
down €4,757 (-3.2%), from €150,557 to €145,800
- Debts after one year -€16,000
down €16,000 (-80.0%), from €20,000 to €4,000
- Tax, wage and social debts -€5,828
down €5,828 (-5.1%), from €113,367 to €107,539
of which Taxes: -€4,903
- Profit (loss) carried forward -€3,658
new in 2025: -€3,658
- Gross operating margin -€4,768
down €4,768 (-68.5%), from €6,960 to €2,191
- Other operating charges -€545
down €545 (-51.3%), from €1,063 to €518
- Financial charges -€481
down €481 (-45.5%), from €1,055 to €575
- Taxes -€76
no longer reported in 2025 (was €76)
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 | €330,108 | €304,256 | -€25,851 | -7.8% |
| Fixed assets | 21/28 | €307,557 | €302,800 | -€4,757 | -1.5% |
| Tangible fixed assets | 22/27 | €150,557 | €145,800 | -€4,757 | -3.2% |
| Land and buildings | 22 | €150,557 | €145,800 | -€4,757 | -3.2% |
| Financial fixed assets | 28 | €157,000 | €157,000 | = | 0.0% |
| Current assets | 29/58 | €22,551 | €1,456 | -€21,095 | -93.5% |
| Amounts receivable within one year | 40/41 | €21,410 | - | -€21,410 | |
| Trade receivables | 40 | €21,410 | - | -€21,410 | |
| Cash at bank and in hand | 54/58 | €1,141 | €1,456 | +€315 | +27.6% |
| Total equity and liabilities | 10/49 | €330,108 | €304,256 | -€25,851 | -7.8% |
| Equity | 10/15 | €59,587 | €55,929 | -€3,658 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,987 | €40,987 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,127 | €39,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,658 | -€3,658 | |
| Amounts payable | 17/49 | €270,521 | €248,328 | -€22,193 | -8.2% |
| Amounts payable after more than one year | 17 | €20,000 | €4,000 | -€16,000 | -80.0% |
| Financial debts | 170/4 | €20,000 | €4,000 | -€16,000 | -80.0% |
| Amounts payable within one year | 42/48 | €250,521 | €244,328 | -€6,194 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €16,000 | = | 0.0% |
| Trade debts | 44 | €31,591 | €30,281 | -€1,310 | -4.1% |
| Suppliers | 440/4 | €31,591 | €30,281 | -€1,310 | -4.1% |
| Advances received on contracts in progress | 46 | - | €945 | +€945 | |
| Taxes, remuneration and social security | 45 | €113,367 | €107,539 | -€5,828 | -5.1% |
| Taxes | 450/3 | €5,806 | €902 | -€4,903 | -84.5% |
| Remuneration and social security | 454/9 | €107,562 | €106,637 | -€925 | -0.9% |
| Other amounts payable | 47/48 | €89,563 | €89,563 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,757 | €4,757 | = | 0.0% |
| Other operating charges | 640/8 | €1,063 | €518 | -€545 | -51.3% |
| Gross operating margin | 9900 | €6,960 | €2,191 | -€4,768 | -68.5% |
| Operating profit (loss) | 9901 | €1,140 | -€3,083 | -€4,223 | |
| Financial charges | 65/66B | €1,055 | €575 | -€481 | -45.5% |
| Recurring financial charges | 65 | €1,055 | €575 | -€481 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €85 | -€3,658 | -€3,743 | |
| Income taxes | 67/77 | €76 | - | -€76 | |
| Profit (loss) for the period | 9904 | €8 | -€3,658 | -€3,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €8 | -€3,658 | -€3,666 |
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.