NERF interieur: what changed
What changed
NERF interieur
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€108,233
2024 · €69,182+€39,051
Equity
€250,864
2024 · €192,631+€58,233
Cash
€264,998
2024 · €120,937+€144,061
Balance sheet total
€842,418
2024 · €717,475+€124,943
Largest movements
Assets
- Cash +€144,061
up €144,061 (+119%), from €120,937 to €264,998
mainly Net result for the year (+€108,233) and Receivables within one year (+€57,865)
- Receivables within one year -€57,865
down €57,865 (-52.8%), from €109,605 to €51,741
of which Trade receivables: -€43,277
- Tangible fixed assets +€39,658
up €39,658 (+8.9%), from €446,357 to €486,014
of which Plant, machinery and equipment: +€46,325
- Deferred charges and accrued income -€10,484
down €10,484 (-93.4%), from €11,228 to €744
Equity and liabilities
- Reserves +€50,000
up €50,000 (+29.4%), from €170,000 to €220,000
- Accrued charges and deferred income +€24,796
up €24,796 (+26.2%), from €94,596 to €119,392
- Other debts +€22,839
up €22,839 (+71.8%), from €31,790 to €54,629
- Tax, wage and social debts +€17,102
up €17,102 (+97.7%), from €17,510 to €34,612
of which Taxes: +€12,665
- Current portion of long-term debt +€8,678
up €8,678 (+28.2%), from €30,822 to €39,500
Income statement
- Gross operating margin +€81,514
up €81,514 (+30.8%), from €264,772 to €346,286
- Staff costs +€50,074
up €50,074 (+59.1%), from €84,741 to €134,815
- Depreciation -€23,821
down €23,821 (-35.7%), from €66,810 to €42,989
- Taxes +€19,224
up €19,224 (+80.2%), from €23,980 to €43,203
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€69,182
Gross operating margin
+€81,514
Staff costs
-€50,074
Depreciation
+€23,821
Other operating charges
-€280
Other operating items
+€4,217
Financial income
+€218
Financial charges
-€1,140
Taxes
-€19,224
Result 2025
€108,233
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€280,448
Investment
-€91,235
Financing
-€45,152
Cash 2024
€120,937
From operations (derived)
+€280,448
Net result for the year
+€108,233
Depreciation
+€42,989
Stocks and contracts
-€985
Receivables within one year
+€57,865
Deferred charges and accrued income
+€10,484
Trade debts
-€2,875
Tax, wage and social debts
+€17,102
Other debts
+€22,839
Accrued charges and deferred income
+€24,796
Investment (derived)
-€91,235
Investment in fixed assets (net)
-€83,235
Current investments
-€8,000
Financing
-€45,152
Debts after one year
-€3,830
Current portion of long-term debt
+€8,678
Contributions, distributions and other
-€50,000
Cash 2025
€264,998
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €717,475 | €842,418 | +€124,943 | +17.4% |
| Fixed assets | 21/28 | €447,516 | €487,762 | +€40,246 | +9.0% |
| Intangible fixed assets | 21 | €760 | €1,348 | +€588 | +77.4% |
| Tangible fixed assets | 22/27 | €446,357 | €486,014 | +€39,658 | +8.9% |
| Land and buildings | 22 | €283,574 | €287,705 | +€4,130 | +1.5% |
| Plant, machinery and equipment | 23 | €99,647 | €145,971 | +€46,325 | +46.5% |
| Furniture and vehicles | 24 | €9,671 | €5,979 | -€3,692 | -38.2% |
| Other tangible fixed assets | 26 | €53,465 | €46,359 | -€7,105 | -13.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €269,959 | €354,656 | +€84,698 | +31.4% |
| Stocks and contracts in progress | 3 | €6,188 | €7,173 | +€985 | +15.9% |
| Stocks | 30/36 | €6,188 | €7,173 | +€985 | +15.9% |
| Amounts receivable within one year | 40/41 | €109,605 | €51,741 | -€57,865 | -52.8% |
| Trade receivables | 40 | €95,018 | €51,741 | -€43,277 | -45.5% |
| Other amounts receivable | 41 | €14,588 | - | -€14,588 | |
| Current investments | 50/53 | €22,000 | €30,000 | +€8,000 | +36.4% |
| Cash at bank and in hand | 54/58 | €120,937 | €264,998 | +€144,061 | +119% |
| Deferred charges and accrued income | 490/1 | €11,228 | €744 | -€10,484 | -93.4% |
| Total equity and liabilities | 10/49 | €717,475 | €842,418 | +€124,943 | +17.4% |
| Equity | 10/15 | €192,631 | €250,864 | +€58,233 | +30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,000 | €220,000 | +€50,000 | +29.4% |
| Distributable reserves | 133 | €170,000 | €220,000 | +€50,000 | +29.4% |
| Profit (loss) carried forward | 14 | €4,031 | €12,264 | +€8,233 | +204% |
| Amounts payable | 17/49 | €524,844 | €591,554 | +€66,711 | +12.7% |
| Amounts payable after more than one year | 17 | €320,151 | €316,321 | -€3,830 | -1.2% |
| Financial debts | 170/4 | €320,151 | €316,321 | -€3,830 | -1.2% |
| Amounts payable within one year | 42/48 | €110,097 | €155,842 | +€45,745 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €30,822 | €39,500 | +€8,678 | +28.2% |
| Trade debts | 44 | €29,975 | €27,101 | -€2,875 | -9.6% |
| Suppliers | 440/4 | €29,975 | €27,101 | -€2,875 | -9.6% |
| Taxes, remuneration and social security | 45 | €17,510 | €34,612 | +€17,102 | +97.7% |
| Taxes | 450/3 | €10,950 | €23,615 | +€12,665 | +116% |
| Remuneration and social security | 454/9 | €6,560 | €10,997 | +€4,437 | +67.6% |
| Other amounts payable | 47/48 | €31,790 | €54,629 | +€22,839 | +71.8% |
| Accrued charges and deferred income | 492/3 | €94,596 | €119,392 | +€24,796 | +26.2% |
| Remuneration, social security and pensions | 62 | €84,741 | €134,815 | +€50,074 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,810 | €42,989 | -€23,821 | -35.7% |
| Other operating charges | 640/8 | €1,898 | €2,179 | +€280 | +14.8% |
| Non-recurring operating charges | 66A | €4,217 | - | -€4,217 | |
| Gross operating margin | 9900 | €264,772 | €346,286 | +€81,514 | +30.8% |
| Operating profit (loss) | 9901 | €107,106 | €166,303 | +€59,197 | +55.3% |
| Financial income | 75/76B | €3,112 | €3,330 | +€218 | +7.0% |
| Recurring financial income | 75 | €3,112 | €3,330 | +€218 | +7.0% |
| Financial charges | 65/66B | €17,057 | €18,196 | +€1,140 | +6.7% |
| Recurring financial charges | 65 | €17,057 | €18,196 | +€1,140 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €93,161 | €151,436 | +€58,275 | +62.6% |
| Income taxes | 67/77 | €23,980 | €43,203 | +€19,224 | +80.2% |
| Profit (loss) for the period | 9904 | €69,182 | €108,233 | +€39,051 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,182 | €108,233 | +€39,051 | +56.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.