NERI: 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.
NERI
Largest movements
- Cash +€26,062
up €26,062 (+158%), from €16,477 to €42,539
mainly Depreciation (+€21,102) and Net result for the year (+€16,121)
- Tangible fixed assets -€14,290
down €14,290 (-15.7%), from €90,892 to €76,602
of which Furniture and vehicles: -€12,371
- Receivables within one year -€14,096
down €14,096 (-85.9%), from €16,418 to €2,322
of which Trade receivables: -€10,792
- Deferred charges and accrued income +€6,163
up €6,163 (+331%), from €1,863 to €8,026
- Current portion of long-term debt -€14,006
down €14,006 (-93.2%), from €15,026 to €1,020
- Other debts +€10,477
up €10,477 (+64.9%), from €16,150 to €26,627
- Reserves +€4,162
up €4,162 (+19.6%), from €21,279 to €25,441
- Tax, wage and social debts +€2,951
up €2,951 (+66.1%), from €4,463 to €7,413
- Gross operating margin +€13,070
up €13,070 (+35.7%), from €36,621 to €49,692
- Taxes +€2,806
up €2,806 (+52.6%), from €5,335 to €8,141
- Financial charges +€1,460
up €1,460 (+134%), from €1,090 to €2,550
- Other operating charges +€981
up €981 (+118%), from €833 to €1,814
- Depreciation +€660
up €660 (+3.2%), from €20,442 to €21,102
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 | €132,814 | €136,276 | +€3,463 | +2.6% |
| Fixed assets | 21/28 | €98,055 | €83,389 | -€14,666 | -15.0% |
| Intangible fixed assets | 21 | €7,163 | €6,788 | -€376 | -5.2% |
| Tangible fixed assets | 22/27 | €90,892 | €76,602 | -€14,290 | -15.7% |
| Plant, machinery and equipment | 23 | €3,728 | €1,809 | -€1,920 | -51.5% |
| Furniture and vehicles | 24 | €87,164 | €74,793 | -€12,371 | -14.2% |
| Current assets | 29/58 | €34,758 | €52,887 | +€18,129 | +52.2% |
| Amounts receivable within one year | 40/41 | €16,418 | €2,322 | -€14,096 | -85.9% |
| Trade receivables | 40 | €12,999 | €2,207 | -€10,792 | -83.0% |
| Other amounts receivable | 41 | €3,419 | €115 | -€3,304 | -96.6% |
| Cash at bank and in hand | 54/58 | €16,477 | €42,539 | +€26,062 | +158% |
| Deferred charges and accrued income | 490/1 | €1,863 | €8,026 | +€6,163 | +331% |
| Total equity and liabilities | 10/49 | €132,814 | €136,276 | +€3,463 | +2.6% |
| Equity | 10/15 | €41,279 | €45,441 | +€4,162 | +10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,279 | €25,441 | +€4,162 | +19.6% |
| Distributable reserves | 133 | €21,279 | €25,441 | +€4,162 | +19.6% |
| Amounts payable | 17/49 | €91,535 | €90,835 | -€699 | -0.8% |
| Amounts payable after more than one year | 17 | €51,020 | €50,000 | -€1,020 | -2.0% |
| Financial debts | 170/4 | €51,020 | €50,000 | -€1,020 | -2.0% |
| Amounts payable within one year | 42/48 | €40,160 | €39,609 | -€551 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €15,026 | €1,020 | -€14,006 | -93.2% |
| Trade debts | 44 | €4,522 | €4,549 | +€27 | +0.6% |
| Suppliers | 440/4 | €4,522 | €4,549 | +€27 | +0.6% |
| Taxes, remuneration and social security | 45 | €4,463 | €7,413 | +€2,951 | +66.1% |
| Taxes | 450/3 | €4,463 | €7,413 | +€2,951 | +66.1% |
| Other amounts payable | 47/48 | €16,150 | €26,627 | +€10,477 | +64.9% |
| Accrued charges and deferred income | 492/3 | €355 | €1,226 | +€871 | +246% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,442 | €21,102 | +€660 | +3.2% |
| Other operating charges | 640/8 | €833 | €1,814 | +€981 | +118% |
| Gross operating margin | 9900 | €36,621 | €49,692 | +€13,070 | +35.7% |
| Operating profit (loss) | 9901 | €15,347 | €26,776 | +€11,429 | +74.5% |
| Financial income | 75/76B | €26 | €35 | +€9 | +36.5% |
| Recurring financial income | 75 | €26 | €35 | +€9 | +36.5% |
| Financial charges | 65/66B | €1,090 | €2,550 | +€1,460 | +134% |
| Recurring financial charges | 65 | €1,090 | €2,550 | +€1,460 | +134% |
| Profit (loss) for the period before taxes | 9903 | €14,282 | €24,262 | +€9,979 | +69.9% |
| Income taxes | 67/77 | €5,335 | €8,141 | +€2,806 | +52.6% |
| Profit (loss) for the period | 9904 | €8,947 | €16,121 | +€7,174 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,947 | €16,121 | +€7,174 | +80.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.