NERFA SERVICES: 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.
NERFA SERVICES
Largest movements
- Cash -€5,899
down €5,899 (-68.6%), from €8,593 to €2,694
mainly Net result for the year (-€10,932)
- Receivables within one year -€2,089
no longer reported in 2025 (was €2,089)
- Profit (loss) carried forward -€10,932
down €10,932, from €1,273 to -€9,659
- Tax, wage and social debts +€1,744
up €1,744 (+52.6%), from €3,314 to €5,058
of which Remuneration and social security: +€2,738
- Other debts +€1,200
up €1,200 (+29.3%), from €4,095 to €5,295
- Other operating charges +€7,285
up €7,285 (+1772.5%), from €411 to €7,696
- Gross operating margin -€4,934
down €4,934, from €3,133 to -€1,801
- Taxes +€1,390
new in 2025: €1,390
- Depreciation -€1,386
no longer reported in 2025 (was €1,386)
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 | €10,682 | €2,694 | -€7,988 | -74.8% |
| Current assets | 29/58 | €10,682 | €2,694 | -€7,988 | -74.8% |
| Amounts receivable within one year | 40/41 | €2,089 | - | -€2,089 | |
| Trade receivables | 40 | €2,089 | - | -€2,089 | |
| Cash at bank and in hand | 54/58 | €8,593 | €2,694 | -€5,899 | -68.6% |
| Total equity and liabilities | 10/49 | €10,682 | €2,694 | -€7,988 | -74.8% |
| Equity | 10/15 | €3,273 | -€7,659 | -€10,932 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,273 | -€9,659 | -€10,932 | |
| Amounts payable | 17/49 | €7,409 | €10,353 | +€2,944 | +39.7% |
| Amounts payable within one year | 42/48 | €7,409 | €10,353 | +€2,944 | +39.7% |
| Taxes, remuneration and social security | 45 | €3,314 | €5,058 | +€1,744 | +52.6% |
| Taxes | 450/3 | €994 | - | -€994 | |
| Remuneration and social security | 454/9 | €2,320 | €5,058 | +€2,738 | +118.0% |
| Other amounts payable | 47/48 | €4,095 | €5,295 | +€1,200 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,386 | - | -€1,386 | |
| Other operating charges | 640/8 | €411 | €7,696 | +€7,285 | +1772.5% |
| Gross operating margin | 9900 | €3,133 | -€1,801 | -€4,934 | |
| Operating profit (loss) | 9901 | €1,336 | -€9,497 | -€10,833 | |
| Financial charges | 65/66B | €63 | €45 | -€18 | -28.6% |
| Recurring financial charges | 65 | €63 | €45 | -€18 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €1,273 | -€9,542 | -€10,815 | |
| Income taxes | 67/77 | - | €1,390 | +€1,390 | |
| Profit (loss) for the period | 9904 | €1,273 | -€10,932 | -€12,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,273 | -€10,932 | -€12,205 |
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 28 September 2026 via checked.be.